Answer:
The statement is true.
Explanation:
The statement is true and correct that the Top company is a vulnerable company as vulnerable in business means that the company is weak and the reason due to which the top company is vulnerable as from last 40 years, the top manufacturing company is producing only a single product and does not engage in expanding the business.
Therefore, the correct option is A.
State law in Texas posits that local sales tax cannot be more than<u> 2%</u> of the value of sale.
<h3>What does Texas state law say?</h3>
Texas state law allows for counties to charge sales taxes on goods and services sold in those areas.
They however limit the amount of taxes that can be paid to 2% so as not to overburden consumers who will have to bear the tax burden.
In conclusion, this is 2%.
Find out more on local sales taxes at brainly.com/question/802898.
Answer: GDP decreases and standard of living increases
Explanation:
Based on the information given, the short-run effects of this industrial change on Vintland's GDP and its standard of living is that there'll be a reduction in the gross domestic product and an increase in the standard of living.
The reduction in GDP will be as a result of the reduction in the price of collecting garbage. On the other hand, the replacement of the sanitation engineers with the garbage robots will have fewer negative effects and many more significant benefits, thereby increasing standard of living.
Answer:
purchase the same amount as before when the price rises by 10%.
Explanation:
A perfectly inelastic demand curve is basically a straight vertical line. This means that the consumers are willing to purchase the goods or services no matter what their price is. In other words, they will keep buying them at any price, up to infinity and beyond. This is not a real scenario, because no product will be purchased at any price that the seller wants.
Answer:
a. debit Insurance Expense, $740; credit Prepaid Insurance $740
Explanation:
Insurance payment for 5 years = $3,700
On January 1, $3,700 has been recorded as prepaid expense by debiting prepaid insurance and crediting cash.
At the end of first year an insurance expense for one year is accrued and should be recorded by transferring balance of $740 from prepaid insurance account to insurance expense account
Insurance payment per year = $3,700 / 5 = $740 per year
The adjusting entry will be
Debit Insurance Expense $740
Credit Prepaid Insurance $740
