An organization that is made up of many owners who normally are not active in the decision-making and operations of the business. is what. Answer: Limited Partnership
A business owned by one person who typically runs and manages the business. is what.
Answer: Proprietorship
A new type of business structure that combines the benefits of a partnership and corporation. is what. Answer: Limited Liability Corporation
Answer: Partnership Two or more people who share the ownership of a single business.
Answer:\
Because high-income households pay a larger share of their income in total federal taxes than low-income households, federal taxes reduce income inequality. But federal taxes have done little to offset increasing income inequality over the past 40 years.
Explanation:
Based on this information alone, the company's retained earnings equal $3,000.
<h3>Retained earning</h3>
Using this formula
Retained earning= Assets-liabilities-Common stock
Where:
Assets=$10,000
Liabilities=$2,000
Common stock=$5,000
Let plug in the formula
Retained earning=$10,000-$2,000-$5,000
Retained earning=$3,000
Inconclusion the company's retained earnings equal $3,000.
Learn more about retained earning here:brainly.com/question/25631040
Answer:
The competitive market equilibrium wage is $ 10 per hour.
The competitive market equilibrium quantity of labor is 70 thousand workers.
With a minimum wage of $ 12 per hour, the surplus will be 20 thousand workers.
Explanation:
We set up the equation system:
If Ld = Ls then:
100 - 3w = 7w
100 = 10w
100/10 = w = 10
and now we solve for L
L = 100 - 3*10 = 100-30 = 70
L = 7*10 = 70
(II)
If w = 12
Ld 100 - 3*12 = 64
Ls 7*12 = 84
Surplus 20 thousands