Lin most likely a victim of fraud. Fraud is the intentional taking something from another individual for personal or financial gain which would make the other party at disadvantage. Committing fraud is a criminal offense and the victim could make legal actions to chase the criminal.
Answer:
The correct answer is Short run profits in the potato chip market.
Explanation:
The amount of the short-term gain is the difference between the capital asset base, usually the purchase price paid to buy it, and the sale price received for selling it. This means that short-term gains are generally taxed at the highest marginal tax rate of the taxpayer, while long-term capital gains are taxed at the tax rate of capital gains, which is often lower than the tax rate. marginal of a person.
The proposed scenario corresponds to a temporary situation, which can be caused by a specific event, a weather station, accessibility, etc. For this reason it is expected that in the short term sales of potato chips will increase, and on the contrary those of pretzels will decrease.
Sellers of both fries and pretzels know in advance what the behavior of their merchandise is, and they will recognize that the increase in one will mean the decrease in the other and vice versa.
Answer:
credited ; debited ; retained earnings or capital account
Explanation:
The closing entries are as follows
Sales Revenue A/c Dr XXXXX
To Income Summary XXXXX
(Being revenue account closed)
Income summary A/c Dr XXXXX
To Expenses A/c XXXXX
(Being expenses accounts are closed)
Income summary A/c Dr XXXXX
To Retained earning XXXXX
(Being the difference is credited to retained earning)
Answer:
B.
Explanation:
The production possibilities curve shows the trade off, where the more of them of one item toy choose to produce means a corresponding decrease in the other item.
The curve represents the maximum productivity of two different items.
The curve also shows that the trade off may not be a 1 to 1 ratio. At each end, it only takes a small diversion of resources to produce a large quantity of the other item.
All points in the curve are possible and equally efficient in production. The points outside of the curve are impossible with own production. The points inside the curve are inefficient.
