Answer:
c. $0 worth of buyer surplus and unknown amount of seller surplus
Explanation:
Given that
Selling price of house = $500,000
The purchase value of house =$500,000
By considering the above information, the purchase and sales value are the same which reflects that the buyer surplus is zero and there is no definite amount or unknown amount of seller surplus as the data is not given.
Hence, the correct option is c.
Answer:
The correct option is C states that creditors have a higher position in the priority of claims.
Answer:
Opportunity cost
Explanation:
The theory of comparative advantage represent that if there is any benefit from the international trade so it does not only show the absolute advantage at lesser cost but it also represent the comparative advantage and generating at a lesser opportunity cost as the theory of comparative advantage says that the product and services should be produced at lower opportunity cost
Answer:A proper office layout is the key to a high performance office. This means both good performance from your employees but also your business. Companies that have a great culture are highly sought after by prospective employees and can provide a competitive advantage in both hiring and retaining staff.
Explanation:
Answer:
$3,460
Explanation:
Gross tax liability $2,120
Less non-refundable personal tax credit $2,880
Refundable personal tax credit $760
Hence:
Income taxes withheld $2,700+ $760
=$3,460
Luke’s non refundable personal credit reduces his gross tax to zero ($2120– 2,880) and $760of the unused credit expires unused.
The $1,740 unused business tax credit carries over and Luke receives a refund of $3,460($760 refundable credit + $2,700 taxes he paid)
Luke’s net tax due or refund is $3,460
