Answer: C
Explanation:
Wealth is the gradual gathering of profits, assets or income over a period of time. It is the gradual increase in ones assets over a sustained period.
Wealth creating transactions can be found both in contract enforcement and private property rights. The prosperity and economic development of a country can be attributed to the respect accorded to its citizens property rights.
Property rights gives room for entrepreneurship which can eventually lead to wealth accumulation. Contract enforcement also generate wealth for individuals.
Answer:
A technological choice
Explanation:
Here, what you care about is taking the dollar home in form of cash not necessarily the free lunch in the restaurants. This is an example of technological choice.
Answer:
1.) The internal controls which were missing are from the separation of responsibilities. There must have been in place an inner regulator were an individual works with advisers while alternative individual or unit take-care of the expense procedure, then somebody else allow expenses and then office should distribute the expenditures. There is an absence of inner controls as you can realize that the corporation amalgamated with a larger corporation and no one measured other accounts such as Jackson and company any longer.
2.) With the lack of control, this offered Helen the chance to effect the fraud. With this presence said, she was talented to emulate sign receipts and spend the retailer’s expenditures. She were also the one in responsibility of office the initial and final of accounts. In short, she had several accountabilities that should have remained separated up better and had diverse individuals for the separations of the job. In addition, she needed a bank description from the corporation where she was capable to put the expenditures and pay individual expenditures.
3.) The method this fraud might be noticed is the inspection squad can ask the bank for reports. They might also conference sellers. The accounting section should have ended sure they were doing the due diligence in dealers and corresponding the receipts with statements and expenditures.
<span>Science, inventions in machinery and experimentation in seed have added millions of hectares to wheat farming in the low rainfall areas. ... Merino sheep and drought-resistant strains of crops led to two of the most common forms of agriculture in Australia – wheat and sheep farming.</span>
Answer:
Contribution margin = $200,000
Explanation:
As per the data given in the question,
Contribution margin = Sales - Variable expense
Number of books = $880,000 ÷ $55
=16,000
Gross margin = 340,000
Variable selling expenses = 16,000 × $6
=$96,000
Variable administrative expense = $880,000 × 5%
=$44,000
Total = $96,000 + $44,000
= $140,000
Contribution margin = $340,000 - $140,000
= $200,000
