To consider this question, we must consider the relationship between the resources and their costs.
Labor: The price that companies pay for labor is the wage. The businesses paid $68 billion for labor
Land: The price of land that business pay is rent (assuming they do not own the land). The business paid $14 billion for land.
Capital: The cost of using capital is the interest paid on that capital. The businesses paid $24 billion for using capital.
This leaves entrepreneurial ability. It is more difficult to discern the payment for this resource, as it is less tangible and thus has a less direct cost. From the payment for other resources and the total payment to households, we can infer the payment for entrepreneurial ability:
120 - 68 - 14 - 24 = $14 Billion
Answer:
Jackson can only deduct $0.
Explanation:
The treatment of this question falls under Section 1244 of the IRS and its treatment for Tax.
According to Section 1244 Stock, there are conditions before a stock loss can be deducted as an ordinary loss.
Two of the requirements are as follows:
- The shareholder must have purchased the stock and not received it as compensation.
- Only individual shareholders who purchase the stock directly from the company qualify for the special tax treatment.
In the case of Jackson, the stock was inherited from his parents and not purchased directly from Bean Corp disqualifying from the provision of the section.
Answer:
If the ball goes over the goal line (end line), but not into the goal, and was last touched by the attacking team, it is put back into play by the defending team with a goal kick.
Answer:
(a) 12,595.4 units
(b) $1.59
Explanation:
Demand = 39,000
Fixed cost = $33,000 per month
Variable costs = 38 cents per pen
(a) Revenue per unit = $3
Let the volume be x,
Total cost:
= Fixed cost + Variable cost
= $33,000 + (0.38x)
Total revenue = Revenue per unit × Volume
= 3x
TR = TC
3x = $33,000 + (0.38x)
3x - 0.38x = $33,000
2.62x = $33,000
x = 12,595.4 units
(b) Let the revenue per unit be x,
Total cost:
= Fixed cost + Variable cost
= $33,000 + (0.38 × 12,595)
= $47,820
Total revenue = Revenue per unit × Volume
= 39,000x
Profit = Total revenue - Total cost
$14,000 = 39,000x - $47,820
39,000x = 61,820
x = 1.5851 or $1.59
Answer: a. an express warranty
Explanation:
An EXPRESS WARRANTY refers to spoken or written promises or guarantees made by the seller about the performance of a product when negotiating with a buyer.
For example, "this product is guaranteed against wear and tear for at least 2 years".
Roy Mustang in this scenario made an explicit promise about the effectiveness of the Stallion and as such that constitutes an EXPRESS warranty.
It is worthy of note that for Express Warranties, the word Warranty does not even need to be included for the promise to be a warranty.
