Answer:
The correct answer is option C.
Explanation:
`If firms can easily enter and exit the market, then firms operating in the market will earn zero economic profit in the long run. This is because the short run is too short for firms to enter and exit so potential firms will enter and exit in the long run.
If the existing firms will be having negative profits, the firms having loss will exit the market. This will reduce market supply. As a result, the price level will increase. This will go on until all firms will have zero economic profits.
Similarly, if the existing firms are having positive economic profits in the long run, the other firms will enter the market. This will increase the market supply such that the price level decreases. This will go on till all the firms will be having zero economic profits.
Answer:
U.S. households or firms wishing to purchase foreign goods or assets.
Answer:
The cost assigned to leashes for supervising is $180,000
Explanation:
Estimated Overhead Cost Drivers Overhead Rates
$ 260,000.00 130,000 $ 2.00 Per Order
$ 400,000.00 800,000 $ 0.50 per Part
$ 300,000.00 25,000 $ 12.00 Per Hour
Labor hours for the leashes is 15,000 hours
Cost assigned to leashes for supervising = 15,000 x 12 = $180,000
Answer: a. She fraudulently concealed or destroyed financial records during the course of the bankruptcy.
Explanation:
Fraudulently concealing or destroying financial records during a bankruptcy is one of the chief reasons why a discharge could be DENIED. It proves dishonesty and a lack of remorse.
It is always best to be upfront with the court to avoid getting into such issues.
Other reasons include violating court orders and giving false statements.
The following corporations is allowed to make an S corporation election is a U.S. corporation owned and operated by two U.S. citizens (individuals).
Option C
Explanation:
A Controlled Foreign Corporation (CFC) is a U.S. corporation which has 50 percent or more of its control overseas with U.S. shareholders. You have to report your income from the foreign corporation, and of course, pay tax on that income if you are a U.S. shareholder, director or director of any of those companies.
A managed corporation shall be determined by the number of shares held by U.S. citizens. A business with fewer international owners than the required number is considered independent rather than regulated.
