If demand changes greatly with a small change in price, we say the demand is elastic.
<span>Through use of a loss carry back, a company may carry the net operating loss back two years and receive refunds for income taxes paid in those years
So if we loss carry back for Prior Years 2011 and 2012
On profit 2011 we calculate tax of 40% (150000x40%) = 60000
On profit 2012 we calculate tax of 40% (150000x40%) = 60000
Total 120,000 is deducted from the 2013 loss of 650,000= 530,000
The remaining 530,000 we can carry forward (As per tax rules we can carry forward loss up to 20 years)
If we carry forward the loss of 530,000 to redeem completely it will take 6.3years if every year we redeem 60000
If we carry forward the amount we will not pay any tax for next 6.3 years
So the Firm's tax liability is zero for next 6.3years
So for 2014,15,16,17,18 the Firm's tax liability is zero</span>
Answer: Like minded employees have difficulty offering fresh perspectives.
Explanation: The attraction - selection - attrition framework, or ASA framework is a model that states that people within a workplace are a function of 3 interellated elements: attraction, selection and attrition. It basically goes on to say that individuals are attracted to, selected by and kept in organisations by other employees who have the same psychological attributes as themselves. The ASA framework is then able to define the nature, processes, culture, and structure of the organisation by determining the types of individuals who work in the organisation.
Answer:
The correct answer would be C, No Effect.
Explanation:
In Balance Sheet, there are two sides, one side contains Assets and Liabilities, whereas the other side contains Owner's Equity. When ever there is a change in the accounts head, the changes are reflected in the balance sheet or the concerned financial statement. In this question, The company purchases equipment, which is an asset, from cash. This transaction can be shown by the following entry:
Debit Credit
Equipment(Asset) Cash
In this entry, we can see that cash is being credited, which means, owners equity is decreased, but at the same time, equipment is debited, which means assets are increased, and when assets increase, it means owners equity is increased. So there won't be any effect on the owner's equity because equity is just converted from cash to assets. There will be no increase or decrease in the owners equity. It will remain same.
Answer:
$159,057
Explanation:
The computation of cost of goods sold is shown below:-
Total cost of goods available for sale = (7,200 × $10) + (4,000 × $13) + (12,000 × $13.50)
= $72,000 + $52,000 + $162,000
= $286,000
Total units = 7,200 + 4,000 + 12,000
= 23,200
Average cost per unit = Total cost of goods available for sale ÷ Total units
= $286,000 ÷ 23,200
= $12.33
So,
Cost of Goods sold = Sold units during the month × Average cost per unit
= 12,900 × $12.33
= $159,057
Therefore for computing the cost of goods sold for the month we simply applied the above formula.
