The Tribunal provided the maximum allowable penalty for the construction cartel members. In 2010, the Competition Tribunal imposed the allowed maximum penalty in the Competition Act for the Cartel Members of the concrete pipes industry. SPC and Conrite have 20 business days to pay their penalty.
Answer:
Improvement in market research system
Explanation:
In simple words, the organisation is failing because somehow they are unable to identify and satisfy the needs of their customers, thus, their is high chance that they might be not researching properly with regards to their customer needs.
Hence the company should work on market research and should make products according to the demands. Also they should check for their advertising tactics and further work for customer relationship management.
As a handy tip, we were told that in order to convert the lease factor of a certain amount or transaction to interest rate, we just have to multiply the value by 2, 400.
interest rate = (0.00065)(2400) = 1.56%
Thus, the answer for this item is 1.56%.
Answer:
Deduction = $8.7 million
Business interest carry forward = $1.8 million
Explanation:
given data
average gross receipts = $50 million annually
net business interest = $10.5 million
adjusted taxable income = $29 million
solution
we know as per the amended rule for the interest deduction and carry forward is
Sum of following will be allowed as deduction:-
- Business interest income for the taxable year
- 30℅ of Adjusted taxable income of the tax year
- The taxpayer's floor plan financing interest paid
and here limit is applicable for all but except average annual gross receipt which is less than the $25 million
so that company have average annual receipt limit is applied.
and Deduction will be
Deduction = 30℅ of Adjusted Taxable income
Deduction = 30℅ of $29 million
Deduction = $8.7 million
and
Business interest carry forward = Actual - deduction allowed
Business interest carry forward = $10.5 million - $8.7 million
Business interest carry forward = $1.8 million
Answer:
The correct answer is option a.
Explanation:
An increase in the price of gasoline would make it expensive to purchase gasoline. The consumer will be able to afford a lesser quantity of gasoline with the same income. The price increase will decrease the purchasing power of the consumer.
As a result, the quantity demanded of gasoline will decline. But the consumer needs some time to adjust its demand. So the quantity demanded will reduce to a lesser extent in the short run.
But in the long run, the consumers will have enough time to adjust demands so the quantity demanded will decline to a greater extent in the long run.