Answer:
Options includes:
<em>Penny’s racing income - Includable or excludable (choose one)
</em>
<em>Penny;s racing expenses – Deductible or non deductible (Choose one)
</em>
<em>Gross income for tax – Increases or decreases (choose one)</em>
<em />
Penny’s racing income is includable in Gross Income
Penny's racing expenses is Non-Deductible. This is because Miscellaneous expenses deduction has been eliminated. No hobby expenses will be deductible
Gross Income for Tax will Increase. This is because hobby income increases and this in turn increase the gross income for tax.
Answer:
Doing nothing. Ignore small external costs because the cost of administering a chewing gum tax is likely large relative to the harm prevented
Explanation:
As in the given question it can be seen that the external cost that is attached with the chewing cume would not even a cent as it is only 0.5 cents. Here the value is negligible if the tax is t be charged on this than it would not generate any revenue instead of this the cost of administrative would become high
Therefore the first option is correct
Answer: $170,421
Explanation:
Using the Accounting equation;
Assets = Liabilities + Equity
Assets = Cash + Inventory + Goodwill and other assets + Net plant and equipment + Accounts receivable + Other current assets
= 23,015 + 212,300 + 78,656 + 713,500 + 141,258 + 11,223
= $1,179,952
Equity
= Common stock + Retained earnings
= 313,000 + 512,159
= $825,159
Liabilities = Assets - Equity
Current Liabilities + Long term debt = Assets - Equity
Long term debt = Assets - Equity - Current Liabilities
= 1,179,952 - 825,159 - (163,257 + 21,115)
= $170,421
Answer:
True
Explanation:
Yes, as there is an increase in dividend with the same expected return, share price increases using dividend growth model.
As for example current dividend = $5
And expected return = 10%
Price of share = 5/10% = $50
In case dividend is increased to $10 then share market price = $10/10% = $100
Now, with an increase in dividend rate, there is an increase in market price accordingly company can raise dividend in order to raise the share price accordingly.
Further, this might not be possible when dividend is fixed for the period as dividend is fixed with no further growth rate the price will also be fixed. So every time when the price is to be increased, the dividend has to be increased.
Therefore, above statement is true.
Answer:
License: legal permission to work granted by the government
Associated degree: general two-year college-level degree
Career college: a one or two-year program ending with a certificate
Bachelor's degree: four-year college level degree
Apprenticeship: an on-the-job training experience
Explanation:
<u>License:</u> legal permission to work granted by the government
<u>Associated degree:</u> general two-year college-level degree
<u>Career college also called vocational school:</u> a one or two-year program ending with a certificate
<u>Bachelor's degree:</u> four-year college level degree
<u>Apprenticeship:</u> an on-the-job training experience
