The best and most correct answer among the choices provided by the question is the first choice. <span>The amount you owe in state income tax is based on: how much you spend each year. </span>I hope my answer has come to your help. God bless and have a nice day ahead!
Answer:
3400, Rise, C
Explanation:
1. Since there are just 3 firms and two already has a sum total of 70% (40+30), the third firm will have a market share of 30%
HHI= 
HHI= 1600+900+900
HHI= 3400
2. Abe's Bikes with 30% leaves the market, if the two firms were to share Abe's market share equally (15+15), it will leave Firm A with 55% (40+15) and Firm B with (30+15) 45%
Therefore,
HHI= 
HHI=3025+2025
HHI= 5050
A rise in HHI
3. C
An index of 10,000 corresponds to a monopoly firm with 100% market share.
The correct answer is choice b - the percentage of receivables basis.
When an accountant is calculating the bad debts expense they will take into account the balance in the Allowance for Doubtful Account when they are calculating on the percentage of sales basis.
Both have the same interest rate which is 3%.
<h3>
What is interest?</h3>
- In finance and economics, interest is the payment of an amount above the repayment of the principal sum by a borrower or deposit-taking financial institution to a lender or depositor at a specific rate by a borrower or depositor.
- It differs from a fee that the borrower may pay to the lender or a third party.
To find the higher interest rate:
Given that,
- Interest rate per month = 0.25%
- Interest rate per quarter = 0.75%
If we calculate the annual interest for monthly and quarterly rates, it will be:
Monthly
- No. of months in a year = 12
- Monthly rate = 0.25%
So,
- Annual Interest = 0.25 × 12
- = 3%
Quarterly
- No. of quarters in a year = 4
- Quarterly rate = 0.75%
So,
- Annual Interest = 0.75 × 4
- = 3%
Therefore, both have the same interest rate which is 3%.
Know more about your interests here:
brainly.com/question/2294792
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