Answer:
<u>Sole proprietorship.</u>
Explanation:
The best property choice for Fred's business would be <em>a sole proprietorship.</em>
This corresponds to a popular commercial form due to the simplicity of business operations, ease of implementation and relatively low cost.
In the sole proprietorship, a single owner will be able to register the name of his business (which can be the name of the owner or a fictitious name) and obtain the necessary licenses for the start of operations. It is an easy way to start a new business without the greatest risks found in some type of business partnership, since in exclusive ownership, the business responsibilities are solely of the owner, including gains and losses.
Answer:
The answer is "The wage rate will fall and employment will be increased until the new wage rate is equal to MRP.
Explanation:
Firms always try to maximize their profit. Therefore when they hire labor, the increase in labor costs must be lower than the labor's increase to the firm's total revenue. And this forms the "Marginal Revenue Productivity" which is simply the theory that suggests "Wages are paid at a level that is equal to the value of the marginal product of labor". Supply of labor is a function that is inversely proportional with wage rate. So if the supply of labor increases, the correct answer is that "The wage rate will fall and firms will increase employment until MRP equals the new wage rate." Hope this was helpful.
Answer:
$29.166
Explanation:
I = p x r x t
Where I= Interest: $10.50
P= principal amount: ????
r= interest rates: 4% or 0.04
t= time in years: 9
Therefore;
$10.50 = P x 0.04 x 9
$10.50 = P0.36
P=$10.50/0.36
P=29.166
Principal = $29.166
Answer:
Option (A) A debit to inventory for $200
Explanation:
The entire cost of purchasing products (including the cost of having the inventory shipped to the buyer) is reported as part of the cost of the inventory in a perpetual inventory system.
The entry of paying the charges for shipping is included in debit to inventory for $200 and a credit to cash for $200.
Hence,
The answer is option (A) A debit to inventory for $200
Answer: consumers find it unfair for firms to increase prices after an increase in demand".
Explanation: Economists established 2 explanations of why companies do not increase their prices even if they can make higher profits.
First it was discovered that some products have the characteristic that the amount of product that a customer wants to buy can depend on the amount of the product that other people are consuming.
And then it was discovered that most people are satisfied that companies raise prices because of an increase in costs, but consider it unfair to raise prices as a result of increased demand.
Explanation:
