Answer:
A firm in this market produces where P > MC ⇒ MONOPOLY, in perfect competition markets, firms produce where P = MC
A firm in this market may earn long-run economic profits ⇒ MONOPOLY, on perfect competition markets firms cannot earn economic profit in the long run
A firm in this market has no market power ⇒ PERFECT COMPETITION
A firm in this market has no competitors ⇒ MONOPOLY (this is the definition of a monopoly)
A firm in this market cannot earn long-run economic profits ⇒ PERFECT COMPETITION
A firm in this market has significant market power ⇒ MONOPOLY, since the firm is the only supplier, it has a lot of bargaining power
A firm in this market is one of many small competitors ⇒ PERFECT COMPETITION
A firm in this market produces where P = MC ⇒ PERFECT COMPETITION
When purchasing load mutual funds, you are charged a fee, or commission, which is added to the fund's net asset value.
Answer:
$79,421
$12,151.413
Step by Step Explanation:
The self-employment taxable income is 92.35% of net earnings. While the tax rate for self-employment tax liability is 15.3% for year 2019
Schedule C net earnings: $86,000
Self-employment taxable income rate: 92.35%
Self-employment taxable income= 92.35%×86,000
=$79,421
Self-employment taxable income: $79,421
Self-employment tax rate: 15.3%
self-employment tax liability=
Self-employment taxable income×Self-employment tax rate
$79,421×15.3% =$ 12,151.413
Answer:
Rent expense= $30,900
Explanation:
Non-refundable fee expense for year 2016 = $10,500 / 5
Non-refundable fee expense for year 2016 = $2,100
Annual rent expenses = Monthly rental * 12 month
Annual rent expenses = $2,400 * 12
Annual rent expenses = $28,800
Rent expense for year ended June 30, 2016 = Annual rent expense + Non-refundable fee expense for the year
Rent expense = $28,800 + $2,100
Rent expense = $30,900