Answer:
Land $80,900
Building $643,000
Explanation
Land
Demolition of old building $9,000
Sale of salvaged materials (1,100)
Legal fees (for title investigation of land) 3,000
Purchase price of land $70,000
Total $80,900
Building
Architect fees (for new building) 20,000
Building construction cost 600,000
Interest cost related to the construction 23,000
Total $643,000
The answer is true because both have to pay taxes.
Answer: The entrepreneur assumes the risk of the business
Explanation:
An entreprenuer is a person that's bears the risk and controls the other resources such as the land , labour and the capital.
Also, we should note that the entrepreneur either makes a profit or loss. The difference between the small business owner and the entrepreneur is that the entrepreneur assumes the risk of the business
Answer:
True
Explanation:
Welfare is the provision of social and economic support to individuals and families in society. The intention is to help mitigate their suffering. The governments run welfare programs using public funds.
Social welfare will involve the provision of assistance through programs such as healthcare, unemployment compensation, and food stamps. It also includes education assistance and disaster relief. Direct aid is in the form of food aid, provision of housing, and child well-fare support.
Economic welfare has finance aspects. It includes cash transfers to the elderly and people with severe disabilities. Tax relief and incentives are forms of economic welfare. In times of calamities, governments may give direct financial aid to victims.
