Why does the government create regulatory laws that businesses must follow

O'Hare Company is in the process of preparing a purchases budget for the first quarter of Year 2. The company has budgeted sales as follows: Dec. Year 1 $ 44,000 Jan. Year 2 $ 46,500 Feb. Year 2 $ 51,000 Mar.

At the end of the current year, Smith Software Inc. reported $27 million of net income and $420 million of retained earnings. The previous year, Smith had $395 million of retained earnings.

Alice is single and self-employed in 2019. Her net business profit on her Schedule C for the year is $150,000. What is her self-employment tax liability and additional Medicare tax liability for 2019?

7. DuPont Identity. X Corp. has net income of $20 million, Sales of $100 million, asset turnover of. 6, and debt-equity ratio of 40%. a. What is its return on equity? b.

Suppose that over one range of prices, the absolute value of the price elasticity of demand varies from 15.0 to 2.5, and over another range of prices, the absolute value of the price elasticity of demand varies from 1.5 to 0.75.

Difference between a parttime and fulltime job

On May 1, 2019, Mary Smith signed a $ 13 comma 000 promissory note with Continental Bank. The note is due in one year with 6 % interest. What journal entry should Continental Bank prepare on May 1, 2019?

On July 15, 2021, the Nixon Car Company purchased 2,100 tires from the Harwell Company for $40 each. The terms of the sale were 3/10, n/30. Nixon uses a perpetual inventory system and the gross method of accounting for purchase discounts.

Why is it important to understand economics

One characteristic that is important to consider in social network theory is reciprocity of relationships