Answer:
c. Exchange creates value by moving goods from parties who value them less to parties who value them more.
Explanation:
Exchange is described as the process of changing some goods for some other goods.
Exchange clearly provides you with the goods you value for, and in exchange for those goods you pay the goods you do not value.
This, results in adding value to the goods acquired by you, and adds value to the goods given by you for the person to whom it is exchanges.
As for example when a cloth is purchased by me for $100 then such adds the value to cloth and because it was worth less than $100 for the seller it has added value to the cloth.
<span>Actually one important benefit of a multiparty system over a two party system is that there will not be any single powerfull person controlling like a king or queen what ever and when ever he or she wants, without considering or taking consent of main important peoples, and also it gives more opinions and options in a multiparty system for the benefit of people.</span>
Answer: <em>Individualistic culture </em>
Explanation:
Individualistic culture is referred to as the society that is mostly typified by the factors of individualism, that is computation or the prominence of the individual over an entire organization or group. The individualistic cultures are most often adjusted around oneself, being the independent body rather than identifying oneself with the group mentality.
Depreciation Expense 3,060
Accumulated Depreciation 3,060
72,200-3,400=68,800/8yr=8,600*4yrs=34,400-72,200=37,800
37,800-7,200=30,600/10yr=3,060 annual depreciation
Good recordkeeping helps protect assets and helps managers <u>monitor company activities.</u>
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What are the benefits of good recordkeeping?
- Good records will help you do the following:
- Monitor the progress of your business.
- Prepare your financial statements.
- Identify sources of your income.
- Keep track of your deductible expenses.
- Keep track of your basis in property.
- Prepare your tax returns.
- Support items reported on your tax returns.
- Save time and costs
- Prevent loopholes and oversight
- Prevent fraud or theft
- Comply with laws
- Make business decisions
- Different countries have different regulations depending on the local laws stipulated by the government.
- It is important for you to do substantive research and ensure that your company’s current record keeping system is compliant with the country regulatory requirements.
To know more about good recordkeeping, refer:
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