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3 years ago

Three documents required by Department of Trade and Industry when registering a private company

Business

1 answer:

Alex Ar [27]3 years ago

4 0

Identification
Incorporation document
Memorandum of Incorporation

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Economists measure the personal satisfaction someone gets from consuming goods and services with the concept of

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Economists measure the personal satisfaction derived from consuming goods and services with the concept of UTILITY. Utility refers to the total satisfaction derived from consuming a good or service. The utility of a good or service has direct influence on demand and therefore price of that product.

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3 years ago

Eckman Company purchased equipment for $120,000 on January 1, 2017, and will use the double-declining-balance method of deprecia

Aleksandr-060686 [28]

Answer:

A. $17,280.

Explanation:

First we have to find the depreciation rate which is shown below:

= One ÷ useful life

= 1 ÷ 5

= 20

Now the rate is double So, 40%

In year 2017, the original cost is $120,000, so the depreciation is $48,000 after applying the 50% depreciation rate

And, in year 2018, the ($120,000 - $48,000) × 40% = $28,800

And, in year 2019, ($120,000 - $48,000 - $28,800) × 40% = $17,280

Hence, the first option is correct

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3 years ago

Steve Colburn's portable sawmill used 100% for business, was completely destroyed by fire. The sawmill had an adjusted basis of

pashok25 [27]

Answer: $35,000

Explanation:

A casualty loss is simply a loss that an individual or business incurs when a property is damaged, or destroyed due to an unexpected or sudden event like fire, volcanic eruption, flood etc.

Here, Steve's casualty loss will be gotten when we compare both his adjusted basis and the fair market value and then we choose the lesser one. Since $35000 is lesser than $50000, therefore the answer will be $35000.

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3 years ago

Blank is a process in which an amount of money gained from illegal activities is made to appear as if it is earned from a genuin

GaryK [48]

<u>"Money laundering" </u>is a process in which an amount of money gained from illegal activities is made to appear as if it is earned from a genuine source.

Money laundering is a criminal plan that can work likewise, yet it includes the stowing away of cash as opposed to a ball.

Money laundering is an approach to cover wrongfully acquired assets. Money laundering works by moving cash in intricate and convoluted monetary exchanges which deceive any individual who may look to follow and audit the exchanges. The goal is to make it hard to recognize the first party to the exchange, known as the launderer.

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3 years ago

______ involves the free flow of products and factors of production between member countries, the adoption of a common external

Ivahew [28]

Answer:

A, an economic Union.

Explanation:

An economic union is a type of trade agreement concerning the same market of commodities, between a group of countries.

The trade agreement usually involves the free flow of the factors of production as well as factors of production.

Also, the agreement means that countries that are a part of the economic union are able to adopt a currency, regulate and harmonize tax rates as well as implement similar policies.

Asides economic union, there are other types of trade agreements and they include, free-trade zones, custom union, etc.

Cheers.

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3 years ago

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