They are skill based pay and gain sharing.
Answer:A. Cost is greater than net realisable value(NRV)
Explanation:
An inventory should not be higher than the price its sale or use and this requires the comparison of inventory cost to it's ( NRV) and whichever is lower will be used as cost of inventory
NRV= Sales price less cost to completion and less estimated cost necessary to make the sales.
Answer:
D
Explanation:
A good has negative externality if the costs to third parties not involved in production is greater than the benefits. an example of an activity that generates negative externality is pollution. Pollution can be generated at little or no cost, so they are usually overproduced. Government can discourage the production of activities that generate negative externality by taxation. Taxation increases the cost of production and therefore discourages overproduction. Tax levied on externality is known as Pigouvian tax.
Government can regulate the amount of externality produced by placing an upper limit on the amount of negative externality permissible
A good has positive externality if the benefits to third parties not involved in production is greater than the cost. an example of an activity that generates positive externality is research and development. Due to the high cost of R & D, they are usually under-produced. Government can encourage the production of activities that generate positive externality by granting subsidies.
A public good is a good that is non excludable and non rivalrous. An example of a public good is a statue in a public park Everyone has assess to the statue and because one person is enjoying the view of the statue does not means another person cannot enjoy the view of the statue
Answer:
a. $0
Explanation:
The business would not be subject to taxation in a state until nexus is established; thus the Chipper’s Apportionable income <u><em>(which means income of any class or type or any activity, that fulfils the connection or criteria described either in the "functional test" or "transactional test,”.)</em></u> that is taxed by X equals $0
Answer:
$367,500
Explanation:
Estimation of the family’s life insurance needs
Using the easy method
Based on the information given we were told that Mark gross salary is $75,000 while is wife
Parveen is a stay-at-home mom this means that we would be using the easy method to estimate the family’s life insurance needs based on Mark gross salary of $75,000 because he is the only one that earn on a monthly basis.
Insurance need =$75,000 x 7 years x 70%
Insurance need = $367,500
Therefore the family’s life insurance needs will be $367,500
