The factor is called a profit.
Profit is an aim to any business establishment. This is the financial return or reward that an entrepreneur ultimate goal after the risk they have take. The moment a product is sold more than it cost to produce, then a profit is earned which can be invested again.
PROFIT = TOTAL SALES - TOTAL COSTS
Answer:
Additional tax the firm will owe: $3.15
Explanation:
Marginal tax rate is calculated by following formula:
Marginal tax rate = Change in taxes paid/Change in income
Change in taxes paid = Marginal tax rate x Change in income
The firm increases its revenue by $100 while increasing its cost of goods sold by $85.
Change in income = $100 - $85 = $15
Additional tax the firm will owe = $15 x 21% = $3.15
Answer:
$500
Explanation:
Calculation for amount that the first bank will be short of reserves, after the check has been cleared
Using this formula
Reserve shortage=Loan granted(check)-Excess reserves
Let plug in the formula
Reserve shortage=$1,000-$500
Reserve shortage=$500
Therefore the first bank will be short of reserves, after the check has been cleared, in the amount of:$500
The correct option is A.
Based on the table of fees, all the banking activities that Bill want to execute will cost more in the common bank compare with the state bank, which has a lower add up charges.
