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2 years ago

Mrs. Brown is a lawyer, specialized in common-law and she

Business

1 answer:

jeka57 [31]2 years ago

7 0

Mrs. Brown has to follow the provincial law regime.

Explanation:

The basic difference between federal and provincial law is that federal law or the federal government enacts laws and legislation for all the state of the country while provincial laws are those laws that are for the specific province or state. Furthermore, the Federal government has the authority to enact criminal laws and enactments while the provincial law has got no such authority.
The Canadian Federal Government is solely responsible for making laws and legislation that covers and impacts the entire country while the provincial government has the authority to make enactments which directly impacts and concerns their territory. The federal laws concern laws governing the national interest of the country including national defense, criminal law, and national postal services while health care, public education, and highways are part of provincial government legislation.
In the given question, Mrs. Brown who is a lawyer by profession wants to create a company to operate her business activities in all provinces and territories - this is a situation which requires provincial law to be implemented since it concerns the business formation and it's operation for an individual and hence doesn't concerns the national interest of the country.

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Simon lost $4,300 gambling this year on a trip to Las Vegas. In addition, he paid $2,650 to his broker for managing his $265,000

Ostrovityanka [42]

Answer:

Assuming Simon’s AGI is $40,000.

Gambling losses are only deductible to the extent of gambling winnings. Thus,Simon cannot deduct any of the $4,300 gambling losses. The $3,160 transportation expenses are also nondeductible as they are deemed to be personal expenses. The $2,650 broker management fees are deductible as investment fees (miscellaneous itemized deductions subject to the 2% AGI floor), and the $1,030 tax return fees are also deductible as miscellaneous itemized deductions subject to the 2% AGI floor.

Thus, $2,650 + $1,030 – (2% x $40,000 AGI) = $2,880 deduction

6 0

2 years ago

Read 2 more answers

Drew Cane Products, Inc., processes sugar cane in batches. The company buys a batch of sugar cane from farmers for $90 which is

KatRina [158]

Answer:

The financial advantages from further processing the batch into two end products is $44.

Explanation:

- The financial advantages from further process can fiber into industrial fiber is calculated as:

+ Price of industrial fiber - price of can fiber - cost of further process into industrial fiber = 45 - 21 - 13 = $11.

- The financial advantages from further process can juice into molasses is calculated as:

+ Price of molasses - price of molasses - cost of further process into molasses = 103 - 29 - 41 = $33.

The total financial advantages from further processing the batch into two end products is calculated as: The financial advantages from further process can fiber into industrial fiber + The financial advantages from further process can juice into molasses = 11 + 33 = $44.

7 0

2 years ago

The City of Clear Lake signed a lease agreement with Mountainside Builders whereby Mountainside will construct a new office buil

AnnyKZ [126]

Try making discount to 5% they will have to pay just a little more for what they are buying. Try moving the payment to 822,000 so you can save the 441 dollars.

4 0

2 years ago

A local Best Buy sells 8 times as many iPods as Sears. The difference between their sales is 490 iPods. How many iPods did each

defon

Answer:

Best Buy sells 560 iPods
Sears sells 70 iPods

Explanation:

You may set a system of equations.

1. Name the variables:

B= number of iPods sold by Best Buy
S = number of iPods sold by Sears

2. Translate every verbal statement into a mathematical expression

a) A local Best Buy sells 8 times as many iPods as Sears.

B = 8S

b) The difference between their sales is 490 iPods.

B - S = 490

3. Solve the system of equations

a) Substitute B = 8S into the second equation

8S - S = 490

b) Add like terms

7S = 490

c) Divide both sides by 7

S = 70

d) Substitue S = 70 into B = 8S

B = 8(70) = 560

Solution:

Best Buy sells 560 iPods
Sears sells 70 iPods

3 0

2 years ago

BestBank's Visa credit card discloses an A.P.R. of "Prime Rate + 5.74% to Prime Rate + 22.74%." If the Prime Rate increases from

Brrunno [24]

The prime rate is the base rate for any financial transaction. The prime rate is considered for each type of lending instruments by the bank. bank add a margin % over the prime rate and offer loan/instrument at the increased rate.

In the given case, the BestBank's Visa credit card discloses an A.P.R. of "Prime Rate + 5.74% to Prime Rate + 22.74%, which means the A.P.R is calculated on the basis of Prime rate and any change in prime rate will directly affect the A.P.R.

The Prime Rate has increased from 3.25% to 4.25%, it means the increase of 1%. Hence the A.P.R. Shall also increase by 1%.

Hence the correct answer is:

b. Increase in A.P.R by 1%

4 0

2 years ago