Not choosing the correct business organization to set up would become very costly for an individual hoping to start operations and this would result in business failure even before the business began operations.
Answer:
Use the ceteris paribus assumption
Explanation:
By using the ceteris paribus assumption she can assume all other conditions are equal and that the number of books purchased by students and the price of the books are the only variables in the study
With the Latin phrase, ceteris paribus, meaning all other things are the same or other things considered as being equal or remain constant, it is possible to determine causation of an event by focusing on the effect of a one of the several independent variables on the dependent variable.
Answer: $46,380
Explanation:
Given that,
Item X was appraised = $38,000
Item Y was appraised = $60,000
Item Z was appraised = $65,000
Purchase price = $126,000
Sum of the value of items appraised = $38,000 + $60,000 + $65,000
= $163,000
The amount at which item Y should be recorded:
= 
= 
= $46,380
Answer:
The correct answers are:
a) A. An economy's price level.
b) A. As the price level rises, firms expand their production because they can sell their output for more money.
Explanation:
On the one hand, in this type of economic model, the aggregate supply and demand represent the economy's price and quantity level regarding the output of the country as a whole. Therefore that in the vertical axis of the diagram the curves measures the price level of the economy and in the horizontal axis the curves measure the output that the economy produces at that given price.
On the other hand, the slope of the aggregate supply is upward because of the same reason as it is in the supply curve, because of the law of the supply, that states that there is a direct relationship between the price of the good an its quantity offered. Thefore that when the price level rises the firms will produce more because they can sell their production at a higher price.
Answer:
Option (c) is correct.
Explanation:
Given that,
For the current year,
Wages = $80,000
Long-term capital gain = $9,000
Short-term capital loss = $12,000
Loss on sale of camper (purchased 4 years ago and used for family vacations) = $2,000
David's AGI for the current year:
= Wages - Short-term capital loss + Long-term capital gain
= $80,000 - $12,000 + $9,000
= $77,000
