Answer:
b. contains no positive statements.
Answer: Progressive tax system
Explanation: The progressive tax system is where the income of an individual is taxable based on his or her capacity to pay. The individuals who earn less pay lesser tax as compared to higher-earning individuals.
The tax system doesn’t impose a burden on those who don’t have a sufficient amount to pay as taxes. By doing this the people who earn low income will be able to maintain a high living standard and the people who earn more are able to afford the basic necessities. So it balances the economy.
Answer:
include the cost of selling, delivering, and after-sales support for customers
Explanation:
The period cost is the cost which includes the major part of the selling and admin expenses plus it is also not capitalized and can be incurred according to the passage of time
So as per the given situation, the third option is correct as it includes the selling, delivering cost and after sales support
Therefore all the other options are wrong
Answer: See explanation
Explanation:
The industry supply curve will be the supply curve given multiplied by the total number of firms. This will be:
P = 50 + 0.1Q
Check: since Q = 100
P = 50 + 10/100Q
P = 50 + 0.1Q
To get the Equilibrium price and quantity, we've to equate the market demand curve and supply. This will be:
Market demand = P = 200 - 0.9Q
Market Supply = P = 50 + 0.1Q
Therefore,
200 - 0.9Q = 50 + 0.1Q
200 - 50 = 0.1Q + 0.9Q
150 = Q
Equilibrium quantity = 150 units
Since P = 50 + 0.1Q
P = 50 + 0.1(150)
P = 50 + 15
P = 65
Equilibrium price is 65.
The units of output that will be produced by a firm operating in this market with a marginal cost function, MC = 130Q will be 2.
Answer: No deduction can be claimed this year.
Explanation:
The options to the question are:
a. No deduction can be claimed this year.
b. $5.50 million
c. $2,500,000
d. $5.50 million only if the professional golf tournament is played before April 15.
Answer:
Since Ajax Computer company is an accrual method calender-year tax payer, the computer company would recognize the expenses only when such expenses are incurred and not at the time that cash is being paid for the the expenses
Ajax computer company already paid in advance for both advertisements the following year even though the advertisement eanst taking place that year. Therefore, the payments will not be considered to be an expense until advertisements has actually taken place. Because of this, Ajax cannot deduct the amounts paid for the advertisements next year and hence, no deduction will be claimed this year.
