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3 years ago

Habit and custom determine economic activities in a(n)

1 answer:

4 0

<span>Habit and custom determine economic activities in a traditional economy. Habits and customs and beliefs such as religion and traditions generally influence the goods in a certain market.</span>

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Caroline pays 15% taxes on dividends and capital gains and 35% taxes on ordinary income. Three years ago, she purchased 100 shar

Lilit [14]

Answer:

The answer is: B) $175

Explanation:

Caroline made an income of $500 from this transaction and it should be taxed at ordinary income rate (35%).

Caroline´s taxes = $500 x 35% = $175

In order for Caroline to be taxed at 15% (capital gains rate) she should have sold a capital asset that she had owned for more than one year, but in this case she didn´t sell any stock.

8 0

3 years ago

The lowest amount a manufacturer can pay factory workers is an example of

Harrizon [31]

Answer: Price floor

Explanation:

A price floor is the legal minimum price control that is imposed by the government. It is binding when the equilibrium price is below the legal minimum price. At the price floor quantity supplied of a good is greater than its demand.Thus there is a surplus in the market at the price floor.

So, the lowest amount a manufacture can pay its factory workers is an example of a price floor.

Price ceiling is the maximum price that can be paid or charged for a good.

7 0

3 years ago

Read 2 more answers

quiz which loan type provides interest subsidy, meaning department of education (ed) pays your interest while you're in school,

omeli [17]

A subsidized direct loan is the loan that provides interest subsidy because the department of education (ed) pays the interest while you're in school, during your grace period and during deferment.

<h3>What is a subsidized direct loan?</h3>

These are direct loans that are made eligible to undergraduate students who are in need of help to cover the costs of higher education.

It is also one that provides an interest subsidy because the department of education (ed) pays the interest while you're in school, during your grace period and during deferment.

Read more about subsidized direct loan

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7 0

2 years ago

The collection of an account that had been previously written off under the allowance method of accounting for uncollectibles: a

Lesechka [4]

Answer:

The correct option is D

Explanation:

Under the method of allowance, the uncollectible accounts receivable will be recorded in the same accounting period as the sale of an estimate of the bad debt expense. So, the collection of the account which was earlier written off, will not have any affect on the income in the period or year it is received or collected.

3 0

3 years ago

Thornbrough Corporation produces and sells a single product with the following characteristics: The company is currently selling

sattari [20]

Answer:

$21,000

Explanation:

Calculation for What should be the overall effect on the company's monthly net operating income of this change

7,000 units 8,000 units

Sales $1,540,000 $1,616,000

(7,000 units × $220) (8,000 units × $202)

(7,000 units+1,000 units=8,000 units)

Variable expenses 308,000 352,000

(7,000 units × $44) (8,000 units× $44)

Contribution margin 1,232,000 1,264,000

($1,540,000-308,000) ($1,616,000-352,000)

Fixed expenses 901,000 954,000

(901,000+52,000=954,000)

Net operating income $331,000$310,000

Therefore the Decrease in net operating income will be :

Decrease in net operating income=$331,000 − $310,000

Decrease in net operating income = $21,000

3 0

3 years ago