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2 years ago

How do property right benefit entrepeneurs?

Business

1 answer:

Vikki [24]2 years ago

6 0

Answer:

Through allowing themselves to buy resources and spend them accordingly.

Explanation:

Properties law provides full authority for merchants or developers with possession of such resources or properties.
However, once the property has been enforced upon that estate, all persons besides just their owners haven't even the ability to access the property without any of the consent of their heirs.

Thus the above is the correct approach.

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Pajama Corp. uses direct materials (fabric, thread, buttons), and direct labor (cutting, sewing labor) to make each pair of paja

RUDIKE [14]

Question Completion:

Estimated manufacturing overhead costs = $156,000

Estimated direct labor cost = $390,000

Estimated direct materials cost = $350,000

Answer:

Pajama Corp.

The cost driver rate = $0.40 per DL cost.

Explanation:

a) Data and Calculations:

Estimated manufacturing overhead costs = $156,000

Estimated direct labor cost = $390,000

Estimated direct materials cost = $350,000

Cost driver rate = $0.40 ($156,000/$390,000)

b) To calculate the cost driver rate, Pajamas Corp. divides the total estimated manufacturing overhead costs by the cost driver (direct labor cost). This implies that the cost driver rate is the total cost of activity pool divided by its cost driver. This yields the amount of overhead and indirect costs related to a particular activity.

7 0

2 years ago

Discount Travel has the following current assets: cash, $102 million; receivables, $94 million; inventory, $182 million; and oth

BARSIC [14]

Answer:

The current ratio is 2.98

Explanation:

total current assets = cash + receivables + inventory + other current assets

= $102 million + 94 million + 182 million + 18 million

= $396 million

total current liabilities = accounts payable + current portion of long term debt

= $98 million + $35 million

= $133 million

current ratio = current assets/current liabilities

= [$396 million]/[$133 million]

= 2.98

Therefore, The current ratio is 2.98

6 0

3 years ago

Ajax, Inc., issued callable bonds with a par value of $1,000,000 that require the payment of a call premium of $10,000. The bond

almond37 [142]

Answer:

bonds payable 1,000,000 debit

loss on redemption 20,000 debit

discount on bonds 10,000 credit

cash 1,010,000 credit

--to record tyhe call of the bonds on September 30th--

Explanation:

par value of the bonds: 1,000,000

call premium: <u> 10,000</u>

total cash disbusements: 1,010,000

carrying value 990,000

loss on redemption 20,000

<u>Notice: </u>It is a loss as we are paying more than the aliability is worth

discount/premium:

face value 1,000,000

carrying value 990,000

discount 10,000

We write off the bonds account: bond payable and bon discount

we debit the loss and credit hthe cash disbursments

8 0

2 years ago

Market Corporation owns 100% of Subsidiary Corporation's stock. Market Corporation completely liquidates Subsidiary Corporati

ella [17]

Answer:

c. $500,000.

Explanation:

Market Corporation has a basis in the land of $500,000.

We are told in the question that ''Market Corporation completely liquidates Subsidiary Corporation, receiving land with a $400,000 adjusted basis and a $500,000 Fair Market Value''

In the event of liquidation the value of an asset is no longer its carrying amount or book value but rather the amount at which the asset can be disposed which is the fair market value.

3 0

2 years ago

An investor owns 200 shares of a stock that has split 2 for 1. The investor will get the additional 200 shares by_______.

Scrat [10]

Answer:

Explanation:

Given information

Number of shares owned = 200 shares

Split ratio = 2 for 1

Number of additional shares = 200 shares

The additional shares would get when the investor received the new certificate which specifies the additional shares plus the old certificate is also with the investor which decreased the par value of each share.

It is a cheaper method as compare to cancel the shares plus issuing them

6 0

3 years ago