Answer:
c.inadequate enforcement of property rights.
Explanation:
A company that previously provided software moved out of marketing because too many potential consumers bought illegally produced copies of software alternatively of buying the product straight from the company. this instance works as a model of <u>inadequate enforcement of property rights</u>. Basically, property rights remain speculative socially-enforced constructs in commerce for ascertaining how a resource or business asset is utilized as well as occupied.
Answer:
$306,835
Explanation:
Data provided
Legal fees paid = $2,435
Delinquent taxes = $15,100
Fees paid to remove old building = $19,400
Material salvage sold = $4,100
The computation of the cost of the land to be reported on the balance sheet is below:-
Amount paid to acquire adjacent lot = $27,000 + $247,000
= $274,000
Total cost of land = Amount paid to acquire adjacent lot + Legal fees paid + Fees paid to remove old building - Material salvage sold
= $274,000 + $2,435 + $15,100 + $19,400 - $4,100
= $306,835
Answer:
Banks are owned by shareholders, while credit unions are owned by members
Explanation:
Banks are financial institutions established by the founders to make profits. Due to their capital requirements, banks are large corporations owned by the private sector or government. Like other corporations, the owners of a bank are its shareholders.
Large organizations form credit unions to cater to their employees well being. Credit unions are not for profit organizations since they are formed to cater to its members' well beings. It means membership to the credit union is limited to the founding organization's employees unless otherwise stated. The members of the credit unions are its owners.
The circumstance is called Conflict of Interest. It is a circumstance in which a man or association is engaged with various interests, money related or else, one of which could degenerate the inspiration or basic leadership of that individual or association.
