Answer:
Hannah will lose her suit.
Explanation:
Niels and Hannah did not have a binding deal. They did not decide on a specific lot of land or on a price. It is never even decided how the two of them will decide on a fair method of agreeing on the price. Don't be fooled by words like binding contract. The terms are too vague and therefore Hannah will ultimately lose the case.
Answer:
The amount allowed in the year 2018 = $298,083
Explanation:
Provided information,
Asset value = $2,555,000
Life of asset = 5 years
Salvage value = $0
Since depreciation is not to be charged on bonus basis, the depreciation for each year = $2,555,000/5 = $511,000
Since the asset is put to use in June, the amount to be deducted will be for 7 months June to December.
= 
Thus the amount allowed in the year 2018 = $298,083
D greater government expenditures for transfer payment.
Answer:
$607,500
Explanation:
Given;
Total asset = $810,000
Total liabilities is one-fourth of its total assets
Therefore total liabilities = (1/4) × $810,000
= $202,500
Using the accounting formula
Total asset - total liabilities = stockholders’ equity
stockholders’ equity = $810,000 - $202,500
= $607,500
The stockholders’ equity of Lantz Co.’s amounts to $607,500.
Answer:
(b). What to produce with unlimited resources.
Explanation:
The main economies issues involve how to produced, what to produced and whom to produced
How to produced involves the method by which the production could take place i.e machinery, equipment, etc. It consists of a labor-intensive technique and capital intensive technique.
What to produce: It is a most important question about what type of product is to be produced, in which quantities, etc
Whom to produce: For which classes, the product should be produced. It would be lower, middle or upper class. This can be determined by analysis of purchasing power
And we already know the resources are very limited.
