I would say that the work that Benji conducted on the books of the Sanborn Corporation would be classified as a financial audit because she checked their figures, examined their accounting procedures and prepared a report so this would qualify as an audit.
Answer: Option B
Explanation: Marginal revenue is the additional revenue from selling one more unit.
A. Marginal revenue equals zero means there is no additional revenue from selling one more unit, the demand could be positive.
B. Negative marginal revenue shows that the revenue earned from selling additional unit is less than the additional unit sold before.
C. Positive marginal revenue shows that the revenue earned from selling additional unit is more than the additional unit sold before.
D. Marginal revenue increases when price and quantity both increases.
None of the options shows an alternative Tina has, a real alternative would be a credit card and cash ($190)
In economics, an alternative is an element that replaces or substitutes another. For an element to be considered an alternative it needs:
- To belong to the same category or have the same function.
- To be possible for the user to replace the first element using the alternative.
Based on this, let's analyze each of the options:
- Jacket and $100: These are not alternatives because Tina wants a jacket and this product cannot be replaced with money as money will not protect Tina from cold weather.
- Shoes and a jacket: These are not alternatives because Tina wants the two products not only one.
- Credit card and $100: These would be alternatives if the total cost was $100. However, using a credit card Tina can pay for both products but using $100 she can only pay for one of the products.
Therefore, the options do not present alternatives; but one valid alternative is a credit card and $190.
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First, we add up all the benefits that Gerome Houser gets from his job. That is,
$1,755 + $3,898 + $2,898 +$2,098 +$1,404 = $12,053
Then, we divide this amount by his annual salary and multiply the quotient by 100% to get the answer.
($12,053 / $45,623) x 100% = 26.4%
Therefore, Gerome Houser's rate of benefits is approximately 26.4%.
Answer:
The answer is below
Explanation:
Given that Section 1231 assets are a term that is used to describe the real or depreciable trading property acquired for more than a year. For example, landed property, buildings, etc.
Hence, in this case, the correct answer or statement to the question are:
1. If Section 1231 assets are sold and the taxpayer has a realized loss, the loss is a fully deductible ordinary loss
2. If Section 1231 assets held long-term are sold for a realized gain, the taxpayer has a potential long term capital gain that may be taxed at favorable capital gains rates but this result often does not occur
