Answer:
The correct option is C,both A and B
Explanation:
A closed economy is not opened to the idea of international trade, where its surplus commodities can be traded with other nations of the world in order to earn foreign exchange while at the same procuring from trading partners products required by its nationals not available at all in the economy or the ones that are not available in the required quantity.
A closed economy also assumes itself to be sufficient in the area of fiscal policy management by not engaging in international borrowing or lending arrangements.
There are different types of goods, and the price of a good will determine the purchase, tortilla chips and salsa are complementary goods.
What are complementary goods?
A complementary good are goods that have similar use or are related to another.
These goods can be used together at times, or used separately.
Therefore, tortilla chips and salsa are complementary goods because salsa can easily replace tortilla in case of high price.
Learn more on complementary goods here,
brainly.com/question/1268536
Answer:
B, decrease the firm's cost of capital
Explanation:
When the tax rate of a levered firm is increased, there is a decrease in the firm's cost of capital because the value of a levered firm is the sum of the market value of the firm's debt and its equity.
An increased tax rate means it has a greater debt and as such the firm's capital after settling tax debt is very reduced.
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Answer:
$580,000 underapplied
Explanation:
The computation of the ending overhead is shown below:
The applied overhead is
= Predetermined overhead rate × actual machine hours
= $40 × 90,000
= $3,600,000
Now the underapplied overhead is
= $4,180,000 - $3,600,000
= $580,000
So the ending overhead is $580,000 underapplied
