<span>When customers attempt to purchase alcoholic beverages who decides whether the sale is legal or not? The seller/server. Though the customer needs to be honest about their age and ability to purchase the alcoholic beverages, it is the sellers responsibility to check that the person is actually </span>eligible. The seller will check the buyers ID (identification card) and make sure they are hold enough to purchase alcohol. They have the right to deny the sale if the person is not legally allowed to purchase.
Answer:
Excess loss business is a situation where deduction exceeds the total income, like given in the above situation.
As per IRS for 2019,
New limitation is $150,000 of the disallowed business loss would be carried forward to 2019 as an additional NOL .
Therefore,
1) Tim has excess business loss of $ 205000
($580000 - $ 225000- $150000)
2) Tim may use $150000 of the $355000.
Answer:
a. 1,090
Explanation:
Without any other information provided, the easiest way to answer this question is to make directly the calculations of income and costs. the logic behind this problem is to calculate all the income and substract the costs of production, in this particular case we have:
+Income: 3,250
-Cost of goods: 1,285
-Operating expenses: 875
Net Income: 1,090
Answer:
creates a shortage
Explanation:
Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.
Because price is set below equilibrium price, demand would outstrip supply and this would lead to a shortage
Effects of a price ceiling
1. It leads to shortages
2. it leads to the development of black markets
3. it prevents producers from raising price beyond a certain price
4. It lowers the price consumers pay for a product. This increases consumer surplus
<span>ARMA is clearly member led, the Principles describe and address fundamental attributes of information governance, they apply to organizations of all sizes, sectors, and industry types. and AIIM is much more driven by Vendors.</span>
