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3 years ago

describe the principle of supply and demand including how it affects the prices of the goods and services

1 answer:

4 0

The principle of Law and Supply is an Economic theory that explains how supply and demand are related to each other and how that relationship affects the price of goods and services. It's a fundamental economic principle that when supply exceeds demand for a good or service, prices fall. When demands exceeds supply ,prices tend to rise.

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On July 1, 2021, Tremen Corporation acquired 30% of the shares of Delany Company. Tremen paid $3,160,000 for the investment, and

Alenkasestr [34]

Answer:

Amount paid to acquire investments $3,160,000

Net income $1,100,000

Less: Yearly dividends (140,000*4) ($560,000)

Income after dividends $540,000

Share in income after dividends

for 6 months ($540,000 * 30% * 6/12) $81,000

Balance of investments of Tremen corporation $ 3,079,000

Hence, the balance of investments of Tremen corporation in Delany company is $3,079,000 .

5 0

3 years ago

During 2012, Robby's Camera Shop had sales revenue of $170,000, of which $75,000 was on credit. At the start of 2012, Accounts R

klio [65]

Answer:

1) December 31, 2012, bad debt write off

Dr Bad debt expense 1,700

Cr Accounts receivable 1,700

December 31, 2012

Dr Bad debt expense 1,125

Cr Allowance for doubtful accounts 1,125

2) Bad debt expense must be recorded in the income statement and it reduces net income. Both transactions reduce net accounts receivable on the balance sheet.

3) It doesn't seem to be appropriate because just one bad account (J. Doe) was higher than 1.5%. A large % of accounts receivable is still outstanding (= $27,275 / $75,000 = 36.4%) and they should include approximately four months of credit sales. This means that unless the company issues a very long credit, a much larger percent is past due.

Explanation:

net accounts receivable January 1, 2012 = $15,100

credit sales 2012 = $75,000

collections on accounts receivable $60,000

net accounts receivable December 31 = $15,100 + $75,000 - $60,000 - $1,700 - $1,125 = $27,275

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3 years ago

Facing and resolving ethical dilemmas is challenging. However, ethical guidelines, combined with self-examination, can help you

ehidna [41]

Answer:

The correct answer is: How would you feel if your family or coworkers learned of your action?

Explanation:

The self-awareness exam will assist in facing and solving ethical dilemmas that a professional may face in the work environment. It is necessary for an organization to have well-established guidelines and policies that support ethical attitudes, in addition to a culture aimed at developing ethical attitudes regardless of the hierarchical position in the company.

Therefore, the question that could help a professional to make good ethical decisions would be: How would you feel if your family or co-workers knew about your action?

This would be the ideal question, since the family is the social structure most valued by individuals and it is in the family where one learns the first ethical values that the person will bring to their social and professional life. Relationships with co-workers are also important in this scenario, since it is common for professionals to want to be well regarded and related in the work environment and to maintain a responsible and positive attitude towards collaboration with the company's organizational culture.

4 0

3 years ago

Business Law - Case: Contract Law

Brilliant_brown [7]

Answer:

The issue is whether Joe is liable to pay for Bob to Avarice Bank or not.

Joe should prevail.

Explanation:

The original contract is between bank and Bob and in that contract Joe is not involved. Secondly payment on someone' behalf always has to be a written contract.

According to UCC, suretyships have to be written for them to be enforceable. This is mentioned in Statute of Frauds. It clearly states that any gurantee by thrid party for payment of debts has to be in writing.

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3 years ago

What role does competition play in business and global trade?

Darya [45]

Answer:

Its always a competition

Explanation:

People use to complete on how the world gets and receives items same in business, companies compeate all the time trying to get the most money, visitors, and promotions.

5 0

3 years ago