Answer:
Arbitrage
Explanation:
Arbitrage occurs when the same good sells for different prices at different market. This price difference allows market participants to earn riskless profit .
In this case, the generator is more expensive in South Carolina when compared with other places. Thus, in order to earn riskless profit, people would buy where it is cheaper and sell at South Carolina where it is more expensive.
Economic theory suggest that if this kind of buying continues, soon the prices would be the same in both markets .
I hope my answer helps you
Answer:
Holly can deduct $145 as business expense.
Explanation:
As per IRS, meals expenses are 50% deductible provided they are incurred for business purpose. Earlier entertainment expenses were also 50% deductible, but as of 2018, they are no more deductible for tax purpose.
Here, Holly closed the deal at dinner. So, 50% of meal expenses are deductible as business expense for tax purpose. So, $145 (50% of 290) can be claimed as deduction by Holly while filing her income tax returns.
Prior to 2018, entertainment expenses were 50% deductible if incurred for business purpose. In this case since the deal was closed at dinner, price of theatre tickets are not considered business expense. Moreover, even if they were qualified business expense, they are not deductible since 2018.
Answer: $75,000
Explanation:
The 1% rule of thumb in real estate is used to evaluate the price of properties. It states that the monthly rent must be 1% or more of the purchase price of the property.
The higher the percentage of the rent over 1% the better.
In the above the best answer would be $75,000 because;
= 1,000/75,000 * 100
= 1.33%
The $1,000 is above 1% of $75,000 and so would be a very good deal.
The person is using the post-conventional level of morality under the social contract driven category. This level of morality is greatly exhibited by individuals who are willing to disobey what the society deems right if it is against his own principles and ethics. For this example, the person didn't care if the society deemed that it is wrong to steal, he pursued his own principles since he believed that many people will benefit from what he has done.
Answer:
The answer is $325
Explanation:
To calculate net working capital for 2019;
Current asset for 2019 minus current Liability for 2019.
Examples of current assets are cash, inventory, accounts receivable
Therefore, net working capital for 2019 is;
$1,370 - $1,045 = $325