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andrey2020 [161]
3 years ago
7

Mr. Noriega paid $700 for each of three suits. Since all of the suits were pleasing to his taste, he would have been willing to

pay according to this schedule: $950 for the first suit, $800 for the second suit, and $700 for the third suit. How much was his consumer surplus?a. $100.b. $150.c. $350.d. $250.
Business
1 answer:
yarga [219]3 years ago
8 0

Answer: C)$350

Explanation:

First suit

Price willing to pay=$950

Actual paid price=$700

Consumer surplus=$950-$700

=$250

Second suit

Price willing to pay=$800

Actual paid price=$700

Consumer surplus=$800-$700

=$100

Third suit

Price willing to pay=$700

Actual paid price=$700

Consumer surplus=$700-$700

=$0

Total surplus= 1st+2nd+ 3rd consumer surplus

= $250+$100+$0

=$350

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Butoxors [25]

Answer:

Hawkins Inc.

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= $572,600.

Explanation:

a) Data and Calculations:

2017 tax rate = 35%

Pre-tax accounting income =   $1,800,000

2018 Rent from Barrett Co.            64,000

Less:

Exempt Municipal bond income  (80,000)

Tax Depreciation (in excess of

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2018 Installment sales revenue (108,000)

Adjusted taxable income       $1,636,000

Income tax (35%)                        572,600 (35% of $1,636,000)

Tax expense (provision)             630,000 (35% of $1,800,000)

b) The difference between the income tax payable of $572,600 and the provision for income tax expense for the year of $630,000 is due to temporary differences and exempt Municipal bond income.  The temporary differences are caused by the different timings of the recognition of revenue and expenses under the tax jurisdiction and the GAAP accounting.

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2 years ago
Fiduciary activities are reported only in the fiduciary fund financial statements; they have no effect on the governmental or bu
LuckyWell [14K]

Answer:

The correct answer is True.

Explanation:

Fiduciary assignments that have as their object the realization of investments, the administration of goods or the execution of activities related to the granting of guarantees by third parties to ensure the fulfillment of obligations, the administration or surveillance of the goods on which the guarantees fall and the carrying them out, subject to the restrictions established by law; act as transfer agent and register of securities; act as a representative of bondholders; act as trustee, curator of property or as depositary of sums recorded in any court, by order of judicial authority or by determination of persons who have legal power to designate them for such purpose.

Fiduciary companies may carry out investment trust operations through commercial fiduciary contracts, concluded in accordance with legal formalities, or through fiduciary orders.

Fiduciary activities are not reported in the government-wide financial statements

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Answer:

Out of all the career choices in the <em>Human Services</em> career cluster;

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In order to be eligible for the preschool teacher job, Sonja needs to obtain an <em>associate's or bachelor degree</em> from an academic institution that prepares candidates well enough to become licensed preschool teachers.

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<h3>What is franchise?</h3>

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Advantages of owing a franchise are :

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Therefore, franchise is a process whereby two or more people come together to operate an investment, such as partnerships or corporations.

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