Answer:
A Constitution is a formal document that sets out the rules governing a company. It also defines the relationship between the company, shareholders, director and other officers of the company. ... This is an important legal document that has to be taken into consideration when registering a new company.
Answer:
$28,825 gain
Explanation:
For computing the gain or loss, first, we have to determine the book value of an asset which is shown below:
= Original value of the building - accumulated depreciation
= $105,500 - $15,825
= $89,675
So, the gain would be
= Sale value - sales commission - book value
= $125,000 - $6,500 - $89,675
= $28,825 gain
Answer:
Department of Transportation (DOT)
Explanation:
Department of Transportation can be regarded as one department in the government of U.S that are in charge of transportation. It started operation in 1967. It should be noted that the Department of Transportation (DOT) developed and published the first curriculum that served as the guideline for EMT training?
Answer: After closing the balance in the retained earnings account will be $20,000.
We arrive at Retained earnings for a given year as follows:
We then find the closing balance in the Retained Earnings account as follows:
Answer:
Free rider problem
Explanation:
A popular term that describes a situation when those who benefit from resources, or services offered to the community do not pay for them.
The free-rider problem usually occurs with goods or services which are non-restrictive like radio services.
Since Janet does not pay for the radio services and yet benefits from it, she is a free rider.
