Answer: Option (c) is correct.
Explanation:
Correct option: The demand facing the firm is downward-sloping because it is the market demand.
In a monopoly market conditions, there is a single seller in the market and the monopolist firm is price setter. But the demand curve faced by the monopoly firm is downward sloping because monopolist is a single firm who is operating in the market and there is a need to reduce prices if he wants to sell an additional units.
In a situation wherein Country Y has a progressive tax system for income, with no credits or deductions, a CEO earning $2.5 million per year would pay the most as a percentage of income in the country Y. Therefore, the option D holds true.
<h3>What is the significance of a progressive tax system?</h3>
A progressive tax system can be referred to or considered as a system wherein the percentage of tax to be levied increases with an increase in the total taxable income for an individual. The rates of taxation under this system are defined under percentage.
In the situation given above, when a CEO in country Y earns $2.5 million, i.e., more than any other person mentioned above, he will be the one who will have to pay the most taxes as a part of percentage of his income.
Therefore, the option D holds true and states regarding the significance of the progressive tax system.
Learn more about progressive tax system here:
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Answer:
b) higher
Explanation:
As we know that the bondholders would be have more priority as compared with the shareholders either they have high risk as compared with the bond holders
So as per the given situation, in the case when the stockholder has the residual claim on all the assets after the payment of debt. This leads to high risk as compared with the bondholders
Therefore the correct option is B.
Answer:
Common quantitative methods include experiments, observations recorded as numbers, and surveys with closed-ended questions. ... Common qualitative methods include interviews with open-ended questions, observations described in words, and literature reviews that explore concepts and theories
Explanation:
Answer:
Vanessa's tax basis in cook inc. $50,000
Explanation:
Given:
Cash = $20,000
Fair market value = $100,000
Adjusted basis = $40,000
Mortgage executed = $30,000
Now,
For the tax basis
cash $30,000
add; Land ( adjusted basis ) $40,000
less ; Mortgage $20,000
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Vanessa's tax basis in cook inc. $50,000
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