According to the theory of the firm, what is one of the most important decisions that all firms must make?

Purchasing a car on a loan through the bank or dealership is called:

Fudgin [204]

Answer:

D If im not mistaking

Explanation:

6 0

3 years ago

Flying High Manufacturing produces frisbees using a three-step sequential process that includes molding, coloring and finishing.

Talja [164]

Answer:

Option D : Debit to WIP Inventory - Coloring and Credit to WIP Inventory - Finishing

Explanation:

Definition of Finish Goods Inventory:

Finish Goods means having a product that is ready for the dispatch(consumer) after the completion of all processes of manufacturing. i.e. Molding, Coloring, Finishing for the process in hand.

Therefore Finish Goods Inventory will be the products which we receive after the completion of Finishing process not after the coloring process.

Considering the above statement, Option A & Option B get omitted from the possible correct options.

Thus we are left with only Option C & Option D:

As we know that:

Credit is something due towards a process(person) and increase the liability of respective process or person.

Debit is something given by a process (person) and decreases the liability of respective process or person.

On seeing the definitions of credit & debit, if frishbees are being transferred from coloring to finishing process, then it should be debited from the coloring process's account as it has handed over the product while decreasing it's liability and,

It should be credited to the finishing process's account as it has received the product to work on while increasing it's liability.

Taking the above explanation into consideration:

Option D is our only true choice.

6 0

3 years ago

Steel Mill Inc. makes an offer to Tom to enter into a contract to work as a mechanical engineer for a certain salary for one yea

KIM [24]

Answer:

d. an offer and an acceptance.

Explanation:

A contract exists where each involved party agrees to fulfill its obligations as per the terms of the agreement. The two or more parties involved are in consensus regarding the subject matter. A contract valid and in force, once the offeror makes the offer, and the offeree accepts it.

Steel and mike are in are contract. Mike has accepted the offer by steel. Other elements that must be present for a contract to be valid are the existence of consideration, mutual obligations, and the ability to fulfill one's responsibility.

4 0

4 years ago

Heather owns a two-story building. The building is used 40% for business use and 60% for personal use. During 2020, a fire cause

Sonbull [250]

Answer:

Explanation:

cost of building = $800,000

business = $800,000 x 40% = $320,000 - $100,000 (depreciation) = $220,000

personal use = $800,000 x 60% = $480,000

adjusted basis:

business = $220,000

personal use = $480,000

decline in FMV:

business = $700,000 x 40% = $280,000

personal use = $700,000 x 60% = $420,000

loss on building (lesser of basis of decline in FMV):

business = $220,000

personal use = $420,000

recovery from insurance company $600,000

business = $600,000 x 40% = $240,000

personal use = $600,000 x 60% = $360,000

gain/loss on building:

business = $175,000 - $220,000 = -$45,000 (loss)

personal use = $360,000 - $420,000 = -$60,000 (loss)

gain/loss on contents:

business = $240,000 - $220,000 = $20,000 (loss)

personal use = $65,000 - $50,000 = $15,000 (gain)

AGI before the fire = $100,000

+ business gain on building $20,000

- business loss on contents ($45,000)

- personal loss on building up to personal gain ($15,000)

<u>+ personal gain on contents $15,000</u>

heather's AGI after the fire = $75,000

4 0

4 years ago

Politically speaking, which party is more apt to engage in regulatory practices over the business?

Alex Ar [27]

In the United States polity, the political party that is likely to wield more regulatory practices over the business is the Democratic party.

<h3>Why should the Democratic Party be more rigorous with regulatory practices over the business?</h3>

The Republican Party is noted for its support of right-wing beliefs such as libertarianism, social conservatism, and economic libertarianism, among others. As a result, Republicans typically advocate for conservative values, little government intervention, and strong support for the private sector.

In contrast, the Democratic Party prefers a mixed economy and typically supports a progressive tax structure, increased minimum wages, Social Security, universal health care, public education, and subsidized housing. It also encourages infrastructure development and sustainable energy investments in order to spur economic growth and employment creation.

Learn more about Democratic Party:
brainly.com/question/2056691
#SPJ1

6 0

1 year ago