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marta [7]
2 years ago
8

Because saudi arabia and australia have ____, saudi arabia can specialize in the production of crude oil and petroleum products,

and australia can specialize in the production of wool.
Business
1 answer:
Helga [31]2 years ago
5 0

Because saudi arabia and australia have <u>absolute advantage</u>, saudi arabia can specialize in the production of crude oil and petroleum products, and australia can specialize in the production of wool

<h3>What is government?</h3>

Government can be defined as a group of people with the authority to govern a country.

So therefore, because saudi arabia and australia have absolute advantage, saudi arabia can specialize in the production of crude oil and petroleum products, and australia can specialize in the production of wool

Learn more about government:

brainly.com/question/18464634

#SPJ4

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Jon is a cash-basis taxpayer and has adjusted gross income of $40,000 in 2018. During the year he incurred and paid the followin
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Complete Question:

Jon is a cash-basis taxpayer and has adjusted gross income of $40,000 in 2018. During the year he incurred and paid the following medical expenses.

Drugs and medicines prescribed by doctors $300

Health insurance premiums $750

Doctors' fees $2,250

Eyeglasses $75

How much medical expense can he deduct as itemized deduction?

Answer:

Jon

Medical expense that Jon can deduct as itemized deduction:

= $375

Explanation:

a) Data and Calculations:

Adjusted gross income = $40,000

Incurred medical expenses:

Drugs and medicines prescribed by doctors $300

Health insurance premiums $750

Doctors' fees $2,250

Eyeglasses $75

Total  = $3,375

Under Tax Cuts and Jobs Act (TCJA), the medical expenses which can be deducted as an itemized deduction on the federal income tax return are only to the extent that they exceed 7.5% of adjusted gross income (AGI).

7.5% of $40,000 = $3,000

Therefore, Jon can itemize deduction of $375 in medical expense.

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3 years ago
Stear Corp. bought a machine on January 1, 2012 for $30,000. The company follows a policy of depreciating assets at 5 percent ea
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1. 30000 x 5% = 1500.
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I hope it helped you!
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Answer and Explanation:

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Sales          $200,000        $0          -$200,000

Less: Variable Costs $176,000 $0         -$176,000

Contribution margin $24,000 $0          -$24,000

Fixed Costs $30,600           $20,600   $10,000

Net Income/Loss -$6,600   -$20,600   -$14,000

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