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Answer: Ownership,economies. <em>This statement is true.</em>
Explanation:
A monopoly is referred to as or known as the circumstance under which an organization and the commodity it is offering tends to dominate the sector or the market or the industry. Monopolies are usually considered to be an extreme outcome of the capitalism in free-market in the absence of any restraints or restriction.
Kiana will report under the head of natural disaster and its compensation amount is also exempt.
- In income tax, there are a total of five heads of income viz
- income from salary
- Income from house property
- Income from profits and gain of business or profession
- Income from capital gains
- Income from other sources
- Each head of income describes different features of income that are taxable.
- Income tax is a tax levied on income or profits received by an individual or entity. Income tax is usually calculated as the product of tax rate and taxable income.
- Tax rates vary depending on the type and characteristics of the taxpayer and the type of income.
Thus, Kiana's loss results from a natural disaster that is exempt under section 10(10BC).
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Answer:
Direct Material Price Variance = $300 Favorable
Explanation:
Direct Material Price Variance = (Standard Price - Actual Price)
Actual Quantity
Standard Price = $4 per pound
Actual Price =
= 
Since the actual price is less than the standard price the variance will be favorable as the amount paid for actual use is less then the estimated standard cost.
Thus, direct material price variance = ($4 - $3.8)
1,500
= $300 Favorable
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