Answer:
$3.25
Explanation:
The new price for cigarettes will be the intersection point between the demand curves and the new supply curve.
Assuming S1 is the old supply curve without taxes and the new supply curve is S2 with taxes. The new price is the intersection of S2 and the demand curve, which is at $3.25.
Answer: Social learning
Explanation:
Isabella is involved in social learning with her learning group, in preparation for her mini-presentation on an advertisement campaign.
Social learning involves a form of learning done in groups where ideas are exchanged and learning is enhanced.
Answer:
addition to retained earnings is $34,304
Explanation:
Revenue = $513,000
- Costs <u>= $406,800</u>
Gross Profit = $106200
- Depreciation expense = $43,800
- Interest paid <u>= $11,200</u>
Profit before tax = $51,200
- Tax 33% = $16,896
Profit after tax = $34,304
*Profit after tax is actually addition to Retained earning the dividend payment is made from the Retained earning account after that.
Answer:
C) $0 $285,000
Explanation:
The §121 exclusion establishes that homeowners can exclude from their capital gains taxes the sale of their property for a maximum of $250,000 gain (or $500,000 for joint filers) if they meet two criteria:
- they owned the property for at last 5 years
- they use the property as main residence for at least 2 years (they can aggregate time periods).
So if Eric and Katie use the §121 exclusion they wouldn't pay any capital gains tax ($500,000 is higher than $375,000).
If they decide to forgo the §121 exclusion, then they will have to pay taxes for a gain of:
capital gain = net sale price - asst basis
capital gain = ($375,000 - $10,000) - $80,000 = $365,000 - $80,000 = $285,000
