The government may either sell goods or render services like train, city bus, electricity, transport, posts and telegraphs, water supply, etc. The government also earns revenue from the production of commodities like steel, oil, life-saving drugs, etc.
Answer:
ANSWER = LOWER OF ABOVE ( i.e. POINT 1 AND 4) = $30,000
Explanation:
1) WE ASSUME THAT SUZANNE'S BUSINESS INCOME IS SAME AS QUALIFIED BUSINESS INCOME (QBI) i.e.$150,000.
CALCULATION OF QBI DEDUCTION:-
1) 20% OF QBI (OR TAXABLE INCOME IF LOWER) = $30,000
{$150000*20% = $30,000)
2)50% OF WAGES ($90,000 * 50%) = $45,000
3) 25% OF WAGES + 2.5% OF ASSETS = $22,500
4) GREATER OF POINT 2 AND 3 = $45,000
ANSWER = LOWER OF ABOVE ( i.e. POINT 1 AND 4) = $30,000
Answer:
Budgeted Production is obtained by adding Sales to the desired finished goods inventory and subtracting beginning finished goods inventory.We move opposite to get to the budgeted production .
For example if we have $ 300,000 sales and desired ending inventory is $ 50,000 and finished good beginning inventory is $ 25,000 so the budgeted production would be
Budgeted Production = Sales + Desired Ending Inventory - Beginning Inventory
Budgeted Production = $ 300,000 + $ 50,000- $ 25,000= $ 325,000
Answer:
The answer is: The benefit surpluses shared between consumers and producers will be maximized.
Explanation:
The demand curve shows the relationship between the price of a good and the quantity demanded for that good. As the price of a good decreases, more customers will be willing and able to purchase it.
The supply curve on the other hand, shows the relationship between the price of a good and the quantity supplied of that good. As the price of a good increases, more suppliers will be willing and able to sell it. Suppliers will sell a good as long as its marginal costs are less than its marginal revenue. In other words, they will continue to supply the good as long as their costs are covered.
At any given point where the demand curve and the supply curve intersect, equilibrium point, the benefits for consumers and suppliers all together will be maximized.
