Answer and Explanation:
For preparing the budgeted balance sheet as of December 31,2020 we need to refer the data of balance sheet as of December 31,2019 so that the firm could get an idea.
Also by referring the income statement, statement of owner equity, profit and loss account we can get an idea so that it becomes easy for the company to prepare the budgeted balance sheet
Answer:
Shift outwards.
Explanation:
The production possibilities frontier or curve is the curve that shows various combinations or bundles of goods that an economy produces by using its all resource and if there is any point inside the curve then it will depict the inefficiency or underutilization of resources. Moreover, the PPF curve shifts outwards when there is an improvement in technology, due to which the output has increased. Similarly, the increase in output due to labor productivity will result in the rightward shift in the PPF curve.
Answer:
d. Net long-term capital losses in excess of $3,000.
Explanation:
A net long-term capital losses in excess of $3,000 is a deductible loss for income tax purposes.
For instance, in a tax year, if an individual has up to $3,000 of net long-term capital losses, this would be considered a form of income rather than a capital gain.
Furthermore, if an individual accrues a net long-term capital losses in excess of $3,000, this loss is deductible and are carried over indefinitely to subsequent tax payments in the future.
Answer:D. $690
Explanation:
GIVEN THE FOLLOWING :
YEAR 2009
Guns produced = 80
price of gun =$5
Butter produced = 40
price of butter = $4
Year 2018
Guns produced = 90
Price of guns = $6
Butter produced = 60
Price of butter = $10
REAL GDP FOR TYROVIA FOR 2018 USING 2009 AS BASE YEAR IS GIVEN AS:
(GUNS PRODUCED IN 2018 × PRICE OF GUNS IN 2009) + (BUTTER PRODUCED IN 2018 × PRICE OF BUTTER ON 2009)
REAL GDP = ( 90 × $5) + (60 × $4)
REAL GDP = $450 + $240 = $690
A shortage occurs when demand exceeds supply – in other words, when the price is too low. However, shortages tend to drive up the price, because consumers compete to purchase the product. As a result, businesses may hold back supply to stimulate demand.
