Answer:
Option (B)
Explanation:
If people expect a deep recession coming ahead, they know that fiat (paper) money will lose all its purchasing power. Holding fiat money will not buy them their standard basket of goods & services, so they will prefer to hold commodity money.
All-inclusive vacations are not an example of expenses that are not allowable tax deductions.
<h3 /><h3>What are the tax deductions allowed?</h3>
They correspond to a form of exemption and credit in taxation, such as interest on a home mortgage, unreimbursed healthcare costs and charitable donations.
Therefore, tax deductions contribute to a reduction in taxable income and in the amount of taxable tax.
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If choices are the following,
a. A heuristics
b. An algorithm
c. A mental set
d. Insight
then the choice (a) should be the correct answer. Heuristics is something that someone has already mastered for a long time that even one glance or sight he/she can determine what is the problem and be able to offer a solution. The above question is an example of familiarity heuristics.
Answer: $17800
Explanation:
The opening balance of Retained earnings = $24,100
Net Income for the year = $19,900
Closing balance of Retained earnings = $ 26,200
The, the amount of dividends declared during the year = (opening balance) +(Net Income) -(
Closing balance)
= $ (24100+19900-26200)
= $17800
Hence, the amount of dividends declared during the year is $17800.
The viability of Cattle Supply’s exporting strategy could be constrained by transportation costs, particularly of products that can be produced in almost any location and have a <u>low value-to-weight ratio</u>.
<h3>What is the meaning of a low value-to-weight ratio?</h3>
A low value-to-weight ratio is the comparison of the monetary value of an item versus its weight.
For example, before Cattle Supply Inc. can successfully adopt an exporting strategy, it must consider that its dairy farming equipment has low monetary value when compared with the weight, especially in transportation costs.
Though exporting should offer Cattle Supply Inc. the prospect of new markets, improved sales and profits, and a greater customer spread, it should not export when its product has a low-value-to-weight ratio.
Thus, the viability of Cattle Supply’s exporting strategy could be constrained by transportation costs, particularly of products that can be produced in almost any location and have a <u>low value-to-weight ratio</u>.
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