<span>A. At most, $4,000 of the tuition could be a deduction for AGI. This assumes that the AGI limitations of § 222 are not exceeded ($65,000 for an unmarried return and $130,000 for a joint return). As Elijah spent $6,600 on tuition, the § 222 deduction for AGI is limited to $4,000.
b. Presuming $4,000 is claimed under § 222 (see part a. above), the deduction from AGI is as follows:
Tuition ($6,600 â’ $4,000) $2,600
Books and course materials 1,500
Lodging 1,700
Meals ($2,200 Ă— 50% cutback adjustment) 1,100
Laundry and dry cleaning 200
Campus parking 300
Auto mileage (2,200 miles Ă— $.575) 1,265
Total deduction from AGI: $8,665</span>
Answer:
$378
Explanation:
First we have to calculate the discounted price of camera offered by sale, which shall be calculated as follow:
Price of camera after discount=$450*0.60=$270
Now we have to calculate the new adjusted price of camera, which has been increased by 40%:
Price of camera after price increase=$270*1.40=$378
Answer:
No, I do not agree with the CEO.
Sunk cost is the one which is incurred in past and cannot be avoided now, and thus, not involved in any decision making.
Further it is not regularly incurring cost.
A company shall operate till the time the company is able to recover its variable costs.
Here the company is recovering the entire variable cost as the fixed cost = $40,000, and losses are $30,000
That means $40,000 - $30,000 = $10,000 is the amount after meeting the variable cost the company recovers as part of fixed cost.
If a company can meet its variable cost, it shall not shut down. Therefore, CEO's decision is wrong.
Consumer surplus will increase when a monopolist goes from a single-price monopoly to perfect price discrimination.
A monopolistic marketplace is a marketplace shaped by the characteristics of a natural monopoly. A monopoly exists when one dealer gives a specific good or carrier to many customers. In a monopolistic market, the monopoly (or dominant corporation) exerts management over the market, allowing it to set the price and supply.
A monopoly is a firm that's the sole seller of its product, and in which there aren't any near substitutes. An unregulated monopoly has marketplace electricity and may have an impact on charges. Examples: Microsoft and home windows, DeBeers and diamonds, your neighborhood natural fuel agency.
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