Explanation:
Over the years veterinary professionals have played significant and contributory roles in animal and human health and welfare, biomedical research, food quality, food safety, food security, ecology, ethology, epidemiology, microbiology, parasitology, pathology, physiology, psychology, radiology, research and development of pharmaceuticals, remedies, vaccines, and toxicology; also as educators, trainers, and policymakers, and also interlinked with wildlife conservation efforts and the protection of the environment and biodiversity. As challenges have risen, veterinarians have found ways to adapt given that their knowledge and training makes them multifunctional professionals. This aids societies so that its animals stay healthy and productive. It is not surprising that becoming a veterinarian is a highly popular career choice.
Answer:
$50,000
Explanation:
Data provided in the question:
Interest owned by Gladys Peel in the capital and profits of the partnership = 50%
Fair market value = $10,000
Value of the land acquired = $16,000
Partnership's net income = $94,000
Loss recorded = $6,000
Now,
The loss must be separately passed through to partners as it is a Sec. 1231 loss.
Therefore,
Partnership ordinary income = $94,000 + $6,000
= $100,000
Hence,
Peel's distributive share of ordinary income from the partnership for 2019
= 50% of Partnership ordinary income
= 0.50 × $100,000
= $50,000
Answer:
$1,512,000
Explanation:
The computation of the depletion expense is shown below:
= (Purchase value of mineral mine - the estimated value of the property + development costs) ÷ estimated tons × number of tons sold
= ($5,100,000 - $300,000 + $1,500,000) ÷ 2,000,000 tons × 480,000 tons
= $1,512,000
Simply we deduct the estimated value of the property and added the development cost to the purchase value of mineral mine and then do the proportionate so that the accurate value can come
Fabian's self-employment tax equals $1,413.
Net Income from Self employment = $10,000
Income liable for Self employment Tax = $10,000 * 92.35%
Income liable for Self employment Tax = $9,235
Fabian's Self employment Tax = $9,235 * 15.3%
Fabian's Self employment Tax = $1,413
Hence, Fabian's self-employment tax equals $1,413
Therefore, the Option B is correct.
Missing options "$383 $1,413 $1.530 $10.000"
Read more about Self employment Tax
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Answer:
c. No, you would not raise the price
Explanation:
A perfectly competitive market form is the one which is characterized by following features:
- Large number of buyers and sellers: The number of buyers and sellers is so large that output by an individual seller forms insignificant portion of the industry output, and thus an individual firm cannot exert perceptible influence on the prices or output.
- Homogeneous Products: Firms in such a market produce same and exactly similar products in terms of color, size, weight, etc.
- Freedom of entry and exit: There exist no entry barriers while loss making firms can leave the industry as well.
- Price taker: Price in such a market form is determined by interaction of market forces of demand and supply and each firm accepts such price. Thus firms are price takers.
In the given case, since all seller firms are producing exactly same products, if one raises the price, the buyers will switch to products of other sellers, providing same product at a lower price. Thus, all sales would be lost in such a scenario.
So, one cannot raise price even by a cent in a perfectly competitive market form.