Answer:
c. Real GDP in long run
Explanation:
Potential GDP refers to the level of real GDP in long run.
Answer:
Total= $77,300
Explanation:
Giving the following information:
lost, damaged, and stolen merchandise normally amounted to 5 percent of the inventory balance. On June 14, Essary's warehouse was destroyed by fire. Just before the fire, the accounting records contained a $136,000 balance in the Inventory account. However, inventory costing $16,900 had been sold and delivered to customers but had not been recorded in the books at the time of the fire. The fire did not affect the showroom, which contained inventory that cost $35,000.
Accounting record= 136,000
Normal Damaged merchandise= 136,000*0.05= 6,800 (-)
Sold inventory= 16,900 (-)
Showroom= 35,000 (-)
Total= $77,300
Answer:
The correct option is : b. When volume increases, but at a nonconstant rate.
Explanation:
Curvilinear costs is a type of expense that <u>does not increase at a constant rate with the production volume.</u> It tends to have a sudden increase at low production volumes, then remains constant in the middle and then increases at high production volumes.
The curvilinear costs does not increase linearly with the production. Therefore, curvilinear cost is also called a nonlinear cost.
<u>Therefore, curvilinear costs always increase at a nonconstant rate with the increase in the production volume.</u>
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Answer:
$87,120
Explanation:
The calculation of the deferred tax asset for the NOL carryforward is given below:
= (Year 2021 loss - Year 2022 income) × tax rate applicable for all years
= ($600,000 - $358,000) × 36%
= $242,000 × 36%
= $87,120
Since in a year 2021 it is a loss and the income in year 2022 that is to be adjusted and the same is considered in the computation part
Hence, the deferred tax assets for the NOL carryforward is $87,120
