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2 years ago

How would a good recordkeeping system help during a tax audit?

Business

2 answers:

cricket20 [7]2 years ago

6 0

It would help keep the person organized

FromTheMoon [43]2 years ago

4 0

It would keep all the files in place. Many people do their taxes so this would be good.

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_____ are any aspects of a good or service that a customer must believe in but cannot personally evaluate even after purchase an

stiv31 [10]

Answer:

<u>c. Credence attributes</u>

Explanation:

Credence is a good that has attributes that cannot be observed by the consumer even after purchasing the thus makes it difficult for them to access its utility such as expert services and medical procedures, automobile repairs, etc.

Here the seller has the option to change the quality ad quantity of the price by using his tactics and hence can cheat buyers with an inferior good. Like the automobile repair may be insufficient.

7 0

2 years ago

Suppose the demand function (D) for golf clubs is: Qequals150minus1.00P, where P is the price paid by consumers in dollars pe

nadya68 [22]

Answer:

P = $75 per club

n= 75,000 clubs

Explanation:

The demand and supply functions are:

$(D): Q=150-1.00P\\(S): Q=1.00P\\$

The equilibrium price is the price that yields a quantity demanded equal to the quantity supplied:

$150-1.00P=1.00P\\P=\frac{150}{2}\\P=\$75$

The number of units sold at that price is:

$n=1,000*(1.00*75)\\n=75,000\ units$

8 0

2 years ago

Absorption and Variable Costing; Inventory Valuation Bondware Inc., has a highly automated assembly line that uses very little d

igor_vitrenko [27]

Answer:

Bondware Inc.

FIFO Inventory Method:

Ending Inventory (60 units):

Absorption Costing = $66,000

Variable Costing = $56,400

Explanation:

a) Data and Calculations:

Unit Production Costs for March:

Direct materials $500

Variable overhead 440

Total variable cost $940

Fixed overhead 160

Total manufacturing

costs per unit $1,100

Calculation of Ending Units of Inventory:

Beginning units 100

Units produced = 500

Units sold = (540)

Ending units = 60

Beginning Inventory, 100 units:

Absorption costing value = $90,000

Variable costing value = $76,000

FIFO Inventory Method:

Ending Inventory:

Absorption Costing = 60 * $1,100 = $66,000

Variable Costing = 60 * $940 = $56,400

5 0

3 years ago

All of the following actions lead to the payment of a credit card fee EXCEPT...

alexandr402 [8]

I need the picture so I can see it

7 0

2 years ago

Read 2 more answers

With respect to how economists study the economy, which of the following statements is most accurate? a) Economists study the pa

vampirchik [111]

Answer:

Option (c) is correct.

Explanation:

Economists refers to the people who are doing research, analyzing data and measure the qualitative activities in terms of money.

For research perspective, one should have proper knowledge about the research problem that he or she need to address in his or her research. Then he should collect the reliable and accurate data for the analysis. Data is very important for a particular research study.

Once the data is ready to analyze then the economists run the data and interpret the results.

5 0

3 years ago