It is important to understand the legal and ehtical issues in photography because you are taking photos of families, friends, children and ost of the time, you have no relation to them. Most photographers will develope a contract that outlines what the photographers rights that they have with the photos and likewise for the customer. It is important to understand who's property they are and how the rights to the photos are distriputed so that there is no sueing over misuse of photos.
Answer:
The correct answer is A) $2.800
Explanation:
Using the straight-line method to depreciate, the calculation to find the depreciation tax shield is the following:
- Finding the depreciable cost:
- Finding the depreciation per year:
- Finally, the depreciation tax shield for 2018:
Answer:
The three major components in the preceding scratch list are High-End Linens, Affordability and Food & Drinks.
i. High-End Linens
List that falls under it includes 600-thread-count sheets, Double-thick bath towels, Silk pillowcases, Raw silk curtains with gold embellishments
ii. Affordability
List that falls under it includes $100/night four-star rooms, Free snacks, shampoo, and conditioner
, Free wireless Internet
iii. Food and drink
List that falls under it includes Coffee maker with selected teas, Imported beer
, Fresh-squeezed juices
Answer:
d. Maybe greater or less than potential GDP
Explanation:
Real GDP stands for real gross domestic product. It is defined as the measurement of the inflation-adjusted which reflects the quantity of all the goods and the services that is produced in a yean by an economy.
A potential GDP is defined as the level of the output that an economy that can produce at the constant inflation rate.
In a given year the real GDP can be greater than the potential GDP or the can be less than the potential GDP of an economy.
Hence the correct option is (d).
Complete Question:
Which of the following is true regarding the trial balance? Select all that apply.
a) The trial balance includes all of the accounts needed to create the balance sheet and the income statement.
b) The trial balance is much less detailed than the balance sheet and income statement.
c) The accounting principle of materiality says that the information on the trial balance can be combined and simplified into more general reporting items.
d) The accounting principle of money measurement says that the information on the trial balance can be combined and simplified into more general reporting items.
e) The trial balance shows only nominal accounts.
Answer:
a) The trial balance includes all of the accounts needed to create the balance sheet and the income statement.
Explanation:
Company XYZ's trial balance summarizes all the general ledger account balances with the assets and expenses on the debit side and the liabilities, equity, and income on the credit side. It is extracted from the general ledger for all accounts that do not have equal debit and credit sides. It is one of the ways to ensure that proper double entry system of bookkeeping has been followed. That the two sides are in balance does not mean that the trial balance or the general ledger from which it is prepared is error-free. It simply means that the two sides agree in total. XYZ can prepare the trial balance at any time, not necessarily at the end of the period.
