Answer: True
Explanation:
The decision to purchase a good or service or a customer benefit package is totally based on the price of that package or a good and on the benefits that a consumer will received after the purchase. A rational consumer will compare the price of a good with the perceived benefits. If the perceived benefits worth greater or equal to price then a consumer may purchase that product otherwise not. Therefore, a consumer's decision is largely depend upon the ratio of price and benefits.
Answer:
$1,130.137 debit the seller and credit the buyer.
Explanation:
Given that:
- Purchase price : $203,500
- Time: June 15.
- Taxes: $2,500 have not been paid by the seller, it means the tax is settled by the seller
Assume 365 day year (30 days per month) , he purchased at June 15 so the number of outstanding days is:
(5 months * 30)+ 15= 165
Hence, the tax pay per day is:
= $6.849315 per day
=> the outstanding tax = tax pay per day*number of outstanding days
= $6.849315*165
= $1,130.137
So $1,130.137 debit the seller and credit the buyer.
Answer:
Government regulation is the best way to deal with negative externalities
Explanation:
An externality is the effect of the activities ( mostly economic ) of an individual on third parties whom are not direct participants in such activities ( mostly economic ) and this externalities can be either positive or negative .
A proper balance by which Government can deal with negative externalities is by increasing taxes on the production of goods and services that leave a trail of negative externalities on third parties. that way the cost of production of such goods and service will discourage its production
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Answer:
The Rex’s gross income from the partnership in 2019 and 2020 is $1,20,000 and $1,80,000 respectively
Explanation:
The computation of the gross income for each year is shown below:
In 2019:
Gross income = Taxable income × percentage of interest in profits
= $400,000 × 30%
= $1,20,000
In 2020:
Gross income = Taxable income × percentage of interest in profits
= $600,000 × 30%
= $1,80,000
The withdrawn amount is not consider for computing the gross income. So, we ignored it