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1 year ago

Large minimum efficient scale of plant combined with limited market demand may lead to?

1 answer:

7 0

A large minimum efficient scale of the plant combined with limited market demand may lead to a natural monopoly. Pure monopolists may obtain economic profits in the long run because: of barriers to entry.

A natural monopoly is a type of monopoly that typically exists because of high initial costs or strong economies of scale of running a business in a particular industry and can pose significant barriers to entry for potential competitors. there is.

A natural monopoly is a monopoly in an industry that has high infrastructure costs or other barriers to entry relative to the size of the market, giving the industry's largest players, often the first players in the market, an overwhelming advantage. give sex. potential competitors

Learn more about natural monopoly here: brainly.com/question/13113415

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John is an electrician who runs his own small shop. When tax season comes, he hires an accountant from one of "the Big Four" acc

Alex Ar [27]

Answer:

When tax season comes, he hires an accountant from one of "the Big Four" accounting firms to help him file his business's tax return. In this scenario, John has most likely hired a Tax Accountant

Explanation:

A Tax Accountant helps the individual or businesses that hire them fill out their tax forms properly, advise them about future financial moves that can affect their taxes and file taxes with the appropriate documentation electronically so that your clients receive their refunds as quickly as possible.

They can work as a direct employee or as an independent contractor who runs their own business.

They take charge of tax preparation and help your clients to lower their tax obligations when filing tax returns.

If an individual is audited, they handle this audit for them to ensure that the individual gets through the process unharmed.

8 0

3 years ago

Read 2 more answers

Taxable income and pretax financial income would be identical for Indigo Co. except for its treatments of gross profit on instal

sergejj [24]

Answer:

31-Dec-19

Dr Income tax expense $62,590.00

Dr Deferred Tax Assets $4,500.00

Cr To Income Tax Payable $60,520.00

Cr To Deferred tax liability $6,570.00

31-Dec-20

Dr Income tax expense $98,100.00

Dr Deferred Tax Liability $3,285.00

Cr To Income Tax Payable $99,135.00

Cr To Deferred tax Assets $2,250.00

31-Dec-21

Dr Income tax expense $37,440.00

Dr Deferred Tax Liability $3,285.00

Cr To Income Tax Payable $38,475.00

Cr To Deferred tax Assets $2,250.00

Explanation:

Preparation of the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2019, 2020, and 2021

INDIGO CO. JOURNAL ENTRIES

31-Dec-19

Dr Income tax expense $62,590.00

Dr Deferred Tax Assets ($10,000*45%) $4,500.00

Cr To Income Tax Payable $60,520.00

Cr To Deferred tax liability ($14,600*45%) $6,570.00

(Being current income tax and deferred taxes)

31-Dec-20

Dr Income tax expense $98,100.00

Dr Deferred Tax Liability ($7,300*45%) $3,285.00

Cr To Income Tax Payable $99,135.00

Cr To Deferred tax Assets ($5,000*45%) $2,250.00

(Being current income tax and deferred taxes)

31-Dec-21

Dr Income tax expense $37,440.00

Dr Deferred Tax Liability ($7,300*45%) $3,285.00

Cr To Income Tax Payable $38,475.00

Cr To Deferred tax Assets ($5,000*45%) $2,250.00

(Being current income tax and deferred taxes)

5 0

3 years ago

Money facilitates trade because: the division of labor allows goods to be produced at a lower cost. it serves as a medium of exc

Sergeeva-Olga [200]

Answer:

it serves as a medium of exchange

Explanation:

Money facilitates trades because it serves as a medium of exchange.

Trade generally involves the exchange of goods/services for another goods/services or money. The exchange of goods/services for another goods/services is termed trade by barter.

Generally, all over the world, money is recognized as a medium of exchange. Each good/service can easily be evaluated in terms of money and the amount is exchanged during trading.

5 0

4 years ago

A landlord charges the same apartment rent as last year, but now adds a fee for parking spaces. This practice is known as:

Natali [406]

A landlord charges the same apartment rent as last year, but now adds a fee for parking spaces. This practice is known as Unbundling.

Explanation:

Unbundling means that certain items or the services are being marketed or are being charged for. This charge is separated and is not a part of the whole package.

In the above example, the landlord charged a separate amount as the fee of the parking lot of the apartment. This was not included in the rent of the apartment. Therefore it is known to be as unbundling because it is not a part of the bundle. It is separate.

6 0

4 years ago

Assume that a country has a closed economy that has only three goods/services. That is, there is no trade with other countries,

postnew [5]

Explanation:

Given

Consumption = (10 x 30) = 300

Investment = (100 x 2) = 200

Government Spending = (500 x 1) =500

13. Total GDP for this economy = Consumption + Investment+ Government spending

=(10 x 30) + (100 x 2) + (500 x 1)

=$1000

14. Consumption % on GDP

= Consumption/ Total GDP x 100

=(300/1000) x 100

= 30%

15. Investment % in GDP

= Investment / Total GDP x 100

=(200/ 1000) x 100

=20%

16. Government spending % on GDP

=Government spending/ Total GDP x 100

=(500/1000) x 100

=50%

5 0

3 years ago