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spin [16.1K]
3 years ago
7

There is no such thing as "the law" in that law comes from many different sources.

Business
1 answer:
chubhunter [2.5K]3 years ago
4 0

Answer:

At both the federal and state levels, the law of the United States can be traced back to the common law system of English law, which was in force in the American colonies during the time of the Revolutionary War. Since then, U.S. law has diverged greatly from its English roots both in terms of substance and procedure. The main departure occurred when the United States ratified the Constitution in 1789. In effect, the Constitution and federal statutes and laws made in furtherance of the Constitution were established as “the supreme Law of the Land.” From that point on, the law of the land was no longer based on legal practices in England but became distinctly American and home grown. When the individual states ratified their state constitutions, the state legislatures obtained the power to establish state law, or the “Law of the State.” Together, this collection of federal and state laws constitutes something we often refer to as the “body of law.” This body of law governs the behavior of individuals, businesses, and even governments. Just like the human body, the “body of law” is comprised of multiple parts, each performing an individual function while simultaneously working together as a whole. In this section, we will examine two of the most fundamental types of laws, followed by nearly every nation in the world: statutory law and common law.

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Mountain Dental Services is a specialized dental practice whose only service is filling cavities. Mountain has recorded the foll
Phantasy [73]

Answer:

The fixed cost, variable cost per unit and the total cost is $3,800, $4 per unit ,and $6,000 respectively

Explanation:

1. The computation of the variable cost per unit is shown below:

= (High total cost -  low total cost) ÷ (High number of cavities - low number of cavities)

= ($6,500 - $5,200) ÷ (675 - 350)

= $1,300 ÷ 325

= $4

2. The computation of the fixed cost is shown below:

Fixed cost  = total cost -  Variable cost

                  = $6,500 - (675 × $4)

                  =  $6,500 - $2,700

                  = $3,800

3. And, the total cost for 550 cavities would be equal to

= Fixed cost + variable cost

= $3,800 + (550 cavities × $4)

=  $3,800 + $2,200)

=  $6,000

3 0
3 years ago
Standards are set by a.manufacturing engineers. b.accountants. c.other management personnel. d.All of these choices are correct
andrew11 [14]

Answer: d.All of these choices are correct.

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8 0
4 years ago
Amazon.com and barnes and noble are in the same industry, but their primary difference can be defined as two companies that have
Alenkinab [10]
<span>their primary difference can be defined as two companies that have different : business models Amazon provide a medium so other sellers could sell their books through their sites. This way, they won't need any space for their house cause they sell other's product. Meanwhile, barnes and nobles is a book retailer, which means they produce and put their own books to the stores.</span>
6 0
3 years ago
What's the difference between gross monthly income, and net monthly income? I'm filling out a loan application, and the applicat
frutty [35]
Your "gross monthly income" is the amount you make BEFORE they take out any deductions.
Your "gross monthly income" is the amount you make AFTER they take out any deductions. 
7 0
3 years ago
A private not-for-profit entity receives three large cash donations: One gift of $71,000 is restricted by the donor so that it c
Masteriza [31]

Answer: $294,000

Explanation:

Gift of $71,000 is <u>time restricted</u> as it cannot be spent for 4 years.

Gift of $91,000 is <u>purpose restricted</u> as it must be used for the purpose of salaries.

Gift of $121,000 is <u>permanently restricted</u> as it must be held forever.

Income earned from the above gift of $11,000 is <u>purpose restricted</u> for needy families.

The gifts with donor restrictions total:

= 71,000 + 91,000 + 121,000 + 11,000

= $294,000

3 0
3 years ago
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