A tax on suppliers will cause the equilibrium price paid by the consumer to increase and the equilibrium quantity to decrease. The tax would basically make the supplier decide to increase the price of their product. In effect, the consumer would have to pay a higher <span>price because of this incident. Since the price to be paid by the consumer would increase, the equilibrium quantity would eventually increase because the amount to be paid by the consumer is already fixed. When the price per unit would increase, the number of units that can be bought with the specified amount of money will eventually decrease.</span>
Conducting yourself ethically and legally could have examples of: making products that are trustworthy, don't false advertise (yes, you can legally do things like endorsements and bandwagons, but you can't say "If you buy this product, you will be elected to a high office!".
Answer: Option(a) is correct.
Explanation:
Total Revenue = Units sold × price per unit sold
= 11,000 × $75
= $825,000
Explicit cost = Units sold × cost per unit
= 11,000 × $55
= $605,000
Implicit cost = Earning at state university + Entrepreneurial talent + cash bonds at 10% interest
= $45000 + $5,000 + ($100,000 × 10%)
= $60,000
Economic profits = Total Revenue - (Explicit cost + Implicit cost)
= $825,000 - ($605,000 + $60,000)
= $825,000 - $665,000
= $160,000
Answer:
The correct answer is Corporations.
Explanation:
Corporate structure refers to how a business is organized to meet its objectives. The corporate structure of a business is important because it determines the ownership, control and authority of that corporation. These characteristics in a corporation are represented by 3 actors: Shareholders, Board of Directors and Directors. The ownership (the owners) are the shareholders. The control is executed by the board of directors on behalf of the shareholders, while the authority over the day-to-day operations is carried out by the Directors.
Under The Statements On Standards For Tax Services, A CPA May Recommend A Tax Return Position If The Position Is Frivolous And The Position Is Not Disclosed On The Tax Return. Standards for Tax Services, a CPA may recommend a tax return position if the position is frivolous and the position is not disclosed on the tax return. This statement is false.
A taxpayer wants to take a position on a tax return that the CPA determines is frivolous. However, the CPA and the taxpayer determine that the possibility of the return being selected for audit is remote and that even if the return is selected for audit the issue most likely will not be raised.
- Cannot sign or prepare the return .
The CPA concludes that a taxpayer's desire to comment on a tax return is frivolous. However, the CPA and the taxpayer come to the conclusion that it is unlikely that the return will be chosen for audit and that, even if it is, the matter most likely won't be brought up.
- A taxpayer is anybody who owes taxes to the federal, state, or municipal governments, whether they are an individual or a corporation. Governments primarily obtain their funding through taxes, which are levied on both citizens and companies.
- A tax return is one or more forms submitted to a taxing body that include earnings, outlays, and other crucial tax data. Tax returns provide taxpayers the option to determine their tax burden, plan out their tax payments, or ask for refunds for any taxes they have paid in excess of what is required.
Complete question: Under The Statements On Standards For Tax Services, A CPA May Recommend A Tax Return Position If The Position Is Frivolous And The Position Is Not Disclosed On The Tax Return. True Or False? This problem has been solved! See the answer Under the Statements on Standards for Tax Services, a CPA may recommend a tax return position if the position is frivolous and the position is not disclosed on the tax return. True or False?
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