You are provided with the following information for Sunland Company, effective as of its April 30, 2022, year-end. Accounts payable $ 856
Accounts receivable 840
Accumulated depreciation—equipment 590
Cash 1,380
Common stock 17,000
Cost of goods sold 1,000
Depreciation expense 425
Dividends 315
Equipment 2,600
Goodwill 2,000
Income tax expense 175
Income taxes payable 155
Insurance expense 270
Interest expense 550
Inventory 1,010
Investment in land 14,670
Land 2,900
Mortgage payable (long-term) 4,500
Notes payable (short-term) 54
Prepaid insurance 50
Retained earnings (beginning) 1,500
Salaries and wages expense 650
Salaries and wages payable 280
Sales revenue 5,100
Stock investments (short-term) 1,200

Which of the following statements is correct? large corporations are taxed more favorably than sole proprietorships. corporate stockholders are exposed to unlimited liability. due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of u.s. businesses (in terms of number of businesses) are organized as corporations. most businesses (by number and total dollar sales) are organized as partnerships or proprietorships because it is easier to set up and operate in one of these forms rather than as a corporation. however, if the business gets very large, it becomes advantageous to convert to a corporation, mainly because corporations have important tax advantages over proprietorships and partnerships. most business (measured by dollar sales) is conducted by corporations in spite of large corporations’ often less favorable tax treatment, due to legal considerations related to ownership transfers and limited liability.

Salge inc. bases its manufacturing overhead budget on budgeted direct labor-hours. the variable overhead rate is $8.10 per direct labor-hour. the company's budgeted fixed manufacturing overhead is $74,730 per month, which includes depreciation of $20,670. all other fixed manufacturing overhead costs represent current cash flows. the direct labor budget indicates that 5,300 direct labor-hours will be required in september. the company recomputes its predetermined overhead rate every month. the predetermined overhead rate for september should be:

The interaction of individual choices because a type of fish is on the verge of extinction, the government imposes rules that prohibit fishing in the publicly owned spawning grounds. at first owners of fshing bouts complain about this restriction on where they can fish, but soon they notice that the number of adult fish swimming outside the protected area is much higher than it was before. with the restriction, each fishing boat ends up catching more fish than it did before the r which of the following principles of economic interaction best describes this scenario? o there is a tradeoff between equality and efficiency o markets usually lead to efficiency. o when markets do not achieve efficiency,government intervention can improve overall welfare o markets allocate goodseffectively