Answer:
Factor market is the market where companies purchase the factors of production and resources that they utilise to produce goods and services. They buy the productive resources to make payments at factor prices. Factor maker is also called input market. It is different from product market in which the households are buyers and businesses are sellers. The factor market is opposite of this.
Answer:
1. Short-term capital gains of $10,000 from the sale of stock.
2. Long-term capital gains of $80,000 from the sale of real property and
3. Interest income from Pete’s savings account.
Explanation:
An income statements shows revenue, expenses and net income over a specified period of time. Revenue (gross revenue or sales revenue) consists of cash inflows and interests both short term and long term such as profits, interest on investments. Expenses consist of cash outflows, using-up of assets and incurred liabilities such as tax, rents and so on. Gifts are not included as part of income statements
Answer:
The correct answer is letter "D": set aside any award.
Explanation:
Arbitrators are individuals without the range of judges that are called in disputes to resolve a matter before taking it to court. Similar to trials, each party involved in the dispute present their defense in front of the arbitrator who promotes the mutual agreement between the two parties but, if that does not happen, the arbitrator provides a resolution that tends to be definite.
<em>Arbitrators must be impartial. Thus, if the arbitrator meets with one of the parties and, eventually, the decision of that case favors that party, the court can take away any reward provided until an investigation is conducted.</em>
Answer:
d. Work-in-Process Inventory: Department no. 2.
Explanation:
The profuct is Transferred from Department 1 to Department 2. The cost in in the work in process of Department 1 which will be trasnferred to next department.
Following Journal entries will be recorded for this event.
Dr. Cr.
Work-in-Process Inventory: Department no. 2. xxx
Work-in-Process Inventory: Department no. 1 xxx
