Answer:
Partnership
Explanation:
When you share ownership of a company, you are partnering with someone.
State Capitalism or a Centrally Planned Economy
A process Of maximizing benefits Or minimizing costs.
Answer:
Decrease; Increase
Explanation:
When there is a decline in the marginal productivity of low skilled workers, it results in a decline or decrease in the demand for low skilled workers. Marginal productivity is the extra output gained from adding one unit of labour. Thus, if low skilled workers are added to increase marginal productivity, but then reaches the point of decline, the demand or the need for those low skilled workers reduces. The reduction or decrease in the demand for these low skilled workers then lead to an increase in number of unemployed workers as those unskilled workers becomes jobless.
Answer:
In total 84,000 income tax will be reported.
Explanation:
taxable income 280,000
tax rate: 30%
tax expense: taxable income x tax rate:
280,000 x 30% = 84,000
The company already expected 50,000 tax income:
income tax expense 50,000 debit
cash 50,000 credit
So it will adjust for the difference: 84,000 - 50,000 = 34,000
income tax expense 34,000 debit
income tax payable 34,000 credit
In total 84,000 income tax will be reported.
