Hi, there is no question attached to the statement above. Anyway, it looks like you are looking for the IRS code with description. If so, the IRS code for the statement is 1541. Hope this helps you and thank you for the question.
Answer:
The correct phrase for the blank space is: creative problem solver.
Explanation:
Companies have to adapt to their customers to attract more of them, moreover, when the institutions have a presence in different regions worldwide. In such scenarios, they have to act as creative problem-solvers to adjust what the consumer desire and what the institution has projected to offer.
Firms must conduct different market research to gather more information on their target market and should study the resources it counts on to satisfy those individuals' expectations.
Answer: market power is greatest in industry C.
Explanation:
The Herfindahl–Hirschman Index, is the measure of market concentration. It is calculated by squaring the market share of every firm that is competing in the market after which the resulting numbers will be added.
A market that has an HHI of less than 1,500 is said to be a competitive marketplace. A market that has an HHI of 1,500 to 2,500 is said to be moderately concentrated while a market that has an HHI of 2,500 or more is said to be highly concentrated. Therefore, the industry with the highest Herfindahl indexes here is industry C with 5000 and it has the most market power.
Answer:
amount of warranty liability that should be reported at December 31, 2021 is $3,375
Explanation:
<em>When the Sale was made, the Warrant Liability is recorded as follows:</em>
Warranty Cost $5,625 (Debit)
Warranty Provision $5,625 (Credit)
Warranty Cost = 750 cell phones × $75 × 10% = $5,625
<em>When Warranty Claims were received during the year the records are as follows :</em>
Warranty Provision $2,250 (Debit)
Cash $2,250 (Debit)
Warranty Cost = 30 × $75 = $2,250
<em>At December 31, 2021 the amount of warranty liability should be</em>
Warranty Provision = $5,625 - $2,250 = $3,375
Answer:
b. is zero.
Explanation:
Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.
There are three (3) types of taxation used by the government, these are;
1. Progressive taxation: it involves charging individuals having higher incomes a higher percentage of their total income.
For instance, Citizen A pays 20% on $50,000 and Citizen B pays 15% on $36.000.
2. Proportional taxation: it involves charging both lower and higher income earners equally in proportion to their income.
For instance, Citizen A pays 10% on $50,000 and Citizen B pays 10% on $36,000.
3. Regressive taxation: it involves charging individuals with low incomes a higher percentage of their total income and vice-versa.
For instance, Citizen A pays 15% on $50,000 and Citizen B pays 20% on $36,000.
The marginal tax rate for a lump-sum tax is zero because an additional amount of money would not change it.
