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WITCHER [35]
3 years ago
7

An expense that would be included in the itemized deductions of a taxpayer is: A. travel to work. B. life insurance premiums. C.

real estate property taxes. D. a driver's license fee.
Business
1 answer:
ella [17]3 years ago
6 0
The answer is C. Real Estate Property Taxes
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. In a perfectly competitive market, the demand curve facing each individual seller is assumed to be ... a) perfectly inelastic
bagirrra123 [75]

Answer:

e) perfectly elastic

Explanation:

Elasticity is a measure of the sensitivity of demand to the price of a product. If demand is elastic, bidders should avoid raising prices as demand decreases considerably. Conversely, when demand is inelastic, consumers are less sensitive to price changes. When demand is perfectly elastic, this means that a slight increase in the price of a good will cause all demand to flow to a competing supplier. This is observed in competitive markets where providers provide the same type of good for the market price. If one of them raises the price, he loses all of his market share. This is because consumers are rational and will buy the product that is offered at the lowest possible price.

8 0
3 years ago
Tarrant Corporation was organized this year to operate a financial consulting business. The charter authorized the following sto
Sauron [17]

Solution :

                                      Tarrant Corporations

First of all let us prepare the Journal Entries

1. Cash     (7000 x 38)                                     266,000

  Common stock (7000 x 19)                                                       133,000

  Paid in capital in excess of stated value

  common stock   (7000 x 19)                                                      133,000

2. Cash   (2600 x 43)                                      111,800

   common stock  (2600 x 19)                                                       49400

   Paid in capital in excess of stated value

     Common stock (2600 x 24)                                                    62400

3. Income summary                                        7000

    Retained earing                                                                         7000

                        Tarrant corporation

Balance sheet - shareholder's section

Share holder's equity

Contributed capital

$ 19 par, issued and outstanding 9600 shares   =  182400

Paid in capital in excess of par                                 196800

Total contributed capital                                            379200

Retained earnings                                                          7200

Total shareholder's equity                                          372,000                              

8 0
3 years ago
The manager of Steve's Audio has approved Daisy's application for 24 months of credit with maximum monthly payments of $45. If t
zimovet [89]
The correct answer is e
6 0
2 years ago
Charles and Camilla got divorced in 2018. Under the terms of the decree Charles pays Camilla $50,000 in cash in each of the next
diamong [38]

Answer:

The amount that is included in Camilla's gross income in 2019 is $50,000.

Explanation:

Property settlement and child support are not included in gross income , but alimony payment(cash) are included.

Therefore, The amount that is included in Camilla's gross income in 2019 is $50,000.

3 0
3 years ago
tARP and other lender-of-last-resort programs implemented by the Fed in response to the financial crisis of 2007 and 2008 Multip
Vedmedyk [2.9K]

Answer:

Option D would be the correct choice.

Explanation:

  • The deeply disturbed capital recovery plan was an effort to remove the distressed assets among investment banks everything which gave the treasurer the ability to buy risky assets from corporate various financial institutions.
  • The program proved ineffective as when the allocated cash wasn't used to support consumers, because although the firms weren't even investing because of immoral incentives.

All other choices don't apply to a particular task. So option D seemed to be the right alternative.

5 0
3 years ago
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