Answer:
Marginal thinking
Explanation:
The economic foundation of marginal thinking requires decision-makers to evaluate whether the benefit of one more unit of something is greater than its cost. And according to this principle, Marie´s benefits of the first three bananas is higher than its cost, but the fourth banana will provide less benefit than the third and this is less than it cost.
Answer:
The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures.
Answer:
1. The act of reducing taxes by deliberately understating income or overstating deductions is called ______
Tax evasion
2. Leaving the tip earnings out of her income on her tax returns is
Tax evasion
Explanation:
Tax evasion is deliberate reduction of gross income either by excluding, understating, omitting income, or overstating deductions. It is not legal. Tax avoidance is managing taxable income by effective tax planning (e.g. through investments, insurance, etc.) so that less tax is paid. It is legal and allowed.
Answer: Value of its stakeholders
Explanation: Tom's shoes is doing the charity work and also earning good profits from selling its product. Stakeholders refers to all those parties who will get affected due to operations of the business.
One of the stakeholders for every business entity is the society in which it resides in. Tom's shoes is creating value to one of its stakeholders by free distribution of its product to those in need .
Answer:
Explanation:
Debt ratio for the Lee household = Total Liabilities/ Total Monthly Income
= 2,538+ 2,538 + 170+ 56936/ 71,128/ 12= 62,182/5927= 10.49
In other words Mike and Mary Jane Lee have a monthly Debt ratio of 1049 %
Which is very high
Debt ratio for the Lee household = Total Liabilities/ Total Yearly Income
= 2,538+ 2,538 + 170+ 56936/ 71,128= 62,182/71,128= 0.87
there are number of ways of calculating Debt ratios.
In other words Mike and Mary Jane Lee have a yearly Debt ratio of 87%
