Answer:
The private sector is the part of the economy that is run by individuals and companies for profit and is not state controlled. Therefore, it encompasses all for-profit businesses that are not owned or operated by the government
Explanation:
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Answer:
Retiring the oldest bond
Explanation:
Firms issue bonds to raise the funds. Firm has to pay dividend on those bonds and the ability of firm to pay dividend reflect the financial position of the firm. Thus, retiring the oldest bond in exposes company to the most risk of being issued an emergency loan
Answer:
The correct answer is d.no effect on the accounting equation
Explanation:
The accounting equation is = Assets = Liabilities - Owner's Equity
The sale for $5,000 is recorded in a Profit and Loss Statement not in a Balance Sheet because is not an Assets or Liabilities nor Owner's Equity
Answer:
$160
Explanation:
The way 401(k) savings work is that employees can save from their earnings before tax is deducted, which means that on the $200 saved no tax is deducted, hence, the take of the employee reduces by $200
When there are savings, a tax of 20% would have been deducted from the $200, as a result, the employee would be left with $160($200-($200*20%)), which means that take-home would reduce by $40, the amount tax deducted.
The reduction in take-home=$200-$40
The reduction in take-home=$160
Answer:
D) Yes, a valid contract was formed on July 15th when the letter of acceptance was sent.
Explanation:
Legal CONTRACT: An arrangement between two parties to provide a goods or services that is statute, written or verbal contract enforceable by law.
Basics for a valid contract: 1.Free Parties approval. 2.The legal review i.e. there must be legitimate approval
