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elena55 [62]
3 years ago
14

If businesses follow regulations, financial disasters are far less likely.

Business
1 answer:
lys-0071 [83]3 years ago
6 0

Answer:

True

Explanation:

All businesses, regardless of type or size, must abide by statutes and regulations. Laws comes from all levels of government. Some laws apply to specific sectors, but the majority addresses the entire industry.

Regulations deal with business registration, licensing, and employee compensation. Laws related to professional bodies such as lawyers or doctors must be adhered to by relevant businesses.  Governments impose regulations on taxation, statutory deduction, and safety in the workplace.

Following regulations protects the customers, employees, and businesses.  An employee who follows the law knows what is expected of them. Following rules will save the company from lawsuits. Employees will feel confident and motivated when they work for a company that follows the law.

Not following the law will cause problems with the tax authorities.  It may lead to misrepresentation of financial records or expose employees to hazardous work environments.  Such a business will most likely face may lawsuits that come along with huge costs. Not following the law may lead to the collapse of a company.

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The liabilities of Berber Company are $120,000 and the owner's equity is $230,000. What is the amount of Berber Company's total
svetlana [45]

Answer:

$350,000

Explanation:

The relationship between assets, liabilities, and equity is expressed in the accounting equation.  According to the equation, Assets = Equity plus Liabilities.

For Berber company, total assets will be

Assets = $120,000 + $230,000

Assets = $350,000

6 0
3 years ago
Zheng invested $100,000 and Murray invested $200,000 in a partnership. They agreed to share incomes and losses by allowing a $60
kifflom [539]

Answer:

$57500 to Zheng and $ 47500 to Murray  

Explanation:

   

Allocation of Net income            Zheng            Murray            Total

                                           

Total Net income                                                                    105000

Less: Salary allowance                60000         40000    -100000  

Remaining income                                                              5000

Less: Interest on capital 10%         10000              20000    - 30000

Remaining Loss                                                                      -25000

Share equally                          -12500           -12500        25000

Share of partners                   57500                47500           0

8 0
3 years ago
An employee in your department has been coming to work 20 minutes late for the past week. the rest of the employees have picked
balandron [24]
The best way to handle this situation in a more professional way is to advice and tell the employee that his or her habit of being late had affected the department's ability. It is best to tell him or her that his or her presence is needed in order to get the job done and to be able to make the works or tasks that is being sent to the department more faster if he or she would come early and help with the other employees.
8 0
3 years ago
Read 2 more answers
Regardless of the objective of an advertising campaign, each campaign's objectives must be:
andrew11 [14]

E) specific and measurable

8 0
3 years ago
Bass Boss Manufacturing Company manufactures two types of bass boats. Bass Boss provides the following data, pertinent to alloca
faltersainse [42]

Answer:

the allocation rate is $3 per machine hour

Explanation:

<em>Step 1 Find the to total Machine hours</em>

Total Machine Hours

3.0×15,000   =   45,000

5.0×20,000  = 100,000

Total              = 145,000

<em>Step 2 Determine the Overhead allocation rate</em>

Overhead allocation rate = Budgeted Overheads / Total Machine Hours

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                                          =$3 per machine hour

8 0
3 years ago
Read 2 more answers
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