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3 years ago

In a market system, which component conveys information about what is relatively scarce and what is relatively abundant?

1 answer:

8 0

The answer is price. The price of a good conveys about its relative scarcity or abundancy. If the price is high, the good is scare meaning you can gain money by selling extra of it, and you can save money by buying a lesser amount of it. If you act according to your self-interest, selling more and buying less of that costly good, the scarcity of that good will be toned-down. If the price of a good is low, you can exhilarated to do the contrary, thus removing any excess of the good in the market.

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Mill Company began operations on January 1,2017, and recognized income from construction-type contracts under different methods

ANTONII [103]

Answer:

i. Deferred income taxes balance on December 2019 is $192,500

ii. Deferred tax asset.

Explanation:

Year Tax purpose Book purpose Difference Deferred tax book

2017 $400,000 $0 $400,000 $140,000

2018 $625,000 $375,000 $250,000 $87,500

2019 $750,000 $850,000 ($100,000) ($35,000)

Deferred tax asset balance on December 2019 = $192,500

Working

Deferred tax book

2017 = 400,000 * 35% = $140,000

2018 = 250,000 * 35% = $87,500

2019 = (100,000) * 35% = ($35,000)

ii. Book income is less than tax income in 2017 and 2018. Deferred tax asset would be accounted. Book income is higher than tax income in 2019. Deferred tax asset would be reverse (i.e. deferred tax liability). Balance at the end of December 31, 2019 would be Deferred tax asset.

4 0

3 years ago

N December 2, Coley Corp. acquired 1,700 shares of its $2 par value common stock for $21 each. On December 20, Coley Corp. resol

erma4kov [3.2K]

Answer:

Credit Treasury Stock $20,000

Explanation:

When the company reissued the shares, the Treasury Stock account is credited by the same price they were acquire. i.e. in this case we acquire the treasury stock at a price of $20.

Cash (1,000 * 12) 12,000

Additional Paid in Capital 8,000

Treasury Stock (1,000 * 20) 20,000

6 0

3 years ago

Brian, an industrial equipment sales rep, purchases a quick snack to eat on the way to work. He buys lunch while on the road vis

solniwko [45]

Answer: Option A

Explanation: A convenience store might be part of a gas / petrol station, allowing consumers to easily buy goods and services when fueling their vehicles. It may be situated along a busy highway, in a metropolitan area, alongside a train or train station, or at another regional hub.

Generally convenience stores charge significantly higher prices than traditional grocery stores or supermarkets, as these wholesalers order limited stock amounts at higher per-unit prices. Convenience stores, however, compensate for this deficit by providing longer open hours, more locations and shorter cashier lines.

5 0

3 years ago

Challenges that has made some of them go into liquidation with takeovers all over the country. Examine the processes for the acq

xxMikexx [17]

Answer:

The given statement is true, that can be defined as follows:

Explanation:

They continue always to have a supervisor unless the financial are all, which collapses to regulation is criticized in constructing practices and regulations for the divestiture lock, so if the international banks repatriate throughout a nation, which results in monetary uncertainty in the world, they take the required measures to cope with both the problems faced by the moon inside the economic system.

The financial and monetary system of a nation is controlled and corrective actions are taken to resolve moon-facing financial problems through the liquidation of banks. Its national economy is collapsing with just a regulator, but any money problems emerge in a difficult area unit to control.

5 0

3 years ago

Identify the role the government regulation serve in business.

castortr0y [4]

The U.S. government has set many business regulations in place to protect employees' rights, protect the environment and hold corporations accountable for the amount of power they have in this business-driven society.

8 0

3 years ago