Answer:
The correct answer is letter "B": The individual was paid to prepare, assist in preparing, or review the tax return.
Explanation:
Tax return prepares are those paid to file tax returns or reports. This individual had to at least file 10 tax reports in the previous period and will have to file 10 or more during the current period or the upcoming period (1 year). When the individual not only prepares the tax return but also is in charge of the assistance and the review of the report, the <em>paid preparer's area</em> of the report must be filled.
Answer: b. $30; $20; $0
Explanation:
<em>Admission prices to Dollywood are $50 for a one-day ticket, $80 for a two-day ticket, and $100 for an annual pass. Based on these prices, the marginal cost of visiting Dollywood the second day is </em><em><u>$30</u></em><em>, the third day is </em><em><u>$20</u></em><em>, and the fourth day is </em><em><u>$0.</u></em>
The marginal cost is the extra cost per day of going to Dollywood.
Second day
Marginal cost = Second day price - First day
= 80 - 50
= $30
Third day
Marginal cost = Third day price - Second day
= 100 - 80
= $20
Fourth Day
Marginal cost = Fourth day price - third day
= 100 - 100
= $0
Answer:
Economic Factors/ Economic Conditions
Explanation:
Jobs or employment are affected by a number of factors in the society including: economic Conditions, advances in technology, seasonal employment flunctuations and the impact of corporate values among others
Economic conditions affect jobs such that when a nation's economy is flourishing, organisations find it harder to retain employees due to the abundance of better jobs which constantly poaches these employees from their current jobs. Economic conditions have ripple effects on wealth creation and profit maximization and this affects the employment sector as well.
In the case of the question, based on Blake Edwards's findings, the increase in interest rates (on lending) will discourage people from buying homes, they will prefer rentals and wait for a period when these rates come down. The implication of not getting people to buy homes means, there will be less lendings by banks and less job for workers in the mortgage industries such as valuers and assessors to do.
Once the inflow of cash into these two industries reduce, it becomes harder for them to keep their employees, therefore, there will be retrenchments and layoffs and many of these banks and mortgage industries will not have the financial capabilities for expansion leading to less adverts for job placements. Overall, there will be fewer jobs in these industries as a result of fewer homes being sold which is also a ripple effect of rising interest rates
However, when interest rates reduce, people are encouraged to buy homes, funds flow into banks (through lending) and mortgage industries through providing of more services.
Answer:
The answer is $460 billion
Explanation:
Multiplier = 1 / (1 - MPC)
1 / (1 - 0.8) =
1 / 0.2 = 5
This means that as investment increases(decreases) by $1, GDP increases(decreases) by $5.
Therefore,as investment decreases by $8 billion, real GDP reduces by $8 billion x 5 = $40 billion
So the new level of real GDP = $(500 - 40) billion
= $460 billion
Answer:
Statement of owners equity
Investments in Business $5,000
Withdrawals $300
Net profit $1,307
Equity at end $6,007
Explanation:
Income Statement
Revenue $5,100
Cost of Sales $1,300
Gross profit $3,800
Other expenses:
Rent expense $700
Insurance Expense $142
Wages Expense $1,500
Advertising expense $60
Utilities $39
Repairs $52
Net profit $1,307