Answer:
The correct answer is letter "C": no country can produce enough products to satisfy everybody's economic wants
.
Explanation:
Scarcity is the basic economic problem by which individuals have unlimited wants but have limited resources to fulfill them. Scarcity drives individuals to allocate their resources efficiently so most of their needs can be satisfied.
Because of scarcity, people are forced to make <em>trade-offs</em> implying part of their needs must be sacrificed so other needs can be covered. Thus, <em>we could say that there is no country able to produce enough products to satisfy everyone's wants.</em>
Answer:
Amount of OASDI taxes to withhold = $35.34
Explanation:
Find:
Amount received in march = $320
Amount of salary = $250
Find:
Amount of OASDI taxes to withhold .
Computation:
OASDI tax rate = 6.2%
Total amount = Amount received in march + Amount of salary
Total amount = $320 + $250
Total amount = $570
Amount of OASDI taxes to withhold = Total amount × OASDI tax rate
Amount of OASDI taxes to withhold = $570 × 6.2%
Amount of OASDI taxes to withhold = $35.34
Answer:
See below
Explanation:
<u>Common stock</u>
The equity holders have a right to vote on corporate policy. In the case of liquidation, common stockholders are last in line in the distribution of the company's assets.
<u> Preferred stock </u>
The equity holders are paid dividends at regular intervals. Preferred stockholders have a priority in dividends payments over common shares but have no voting rights.
<u>Retained earnings</u>
The profit is used in the business. Retained earnings are profits that a company's management opts to distribute to shareholders as dividends.
<u>Senior debt</u>
The lenders are always paid within a predetermined time. Senior debts are low risk as they are given priority over other debts in repayment.
<u>Subordinate debt</u>
The debt carries more risk and is not the first in line to be paid. In the event of liquidation, subordinate debts are considered last in order of payment.
Answer:
a. The value of shareholder's equity account for this firm is $16,600.
b. The net working capital for Wims Inc. is $1,500.
a. We start off by looking at the Accounting Identity:
Since
and
We can rewrite this accounting identity as follows:
----- (1)
Plugging in the values from the question in (1) above we get,
b. The formula for Net Working Capital is:
Options:
A. Public prosecutor
B. Government Accountant
C. Internal auditor
D. Public accountant
Answer: C. Internal Auditor.
Explanation: An Auditor is a professional whose main responsibility is to evaluate processes or systems in order to determine and expose areas where losses or failures are taking place in order to mitigate or correct these losses and failures. There are two types of Auditors, which includes INTERNAL AUDITOR (An Auditor employed by a firm to continuously audit its processes,accounts or system) and EXTERNAL AUDITOR(An Auditor contracted from external bodies in order to audit a firm).