Answer:
subsidies
Explanation:
Subsidies refer to financial aid for some specific purpose and to some specific category as decided by the government. As for the instance the government can provide subsidy in the form of house to poor people in the country.
Now here the rich people can afford their own houses and that they can pay the taxes as well which are attached to the the houses, which provide extra benefit to the poor, as the government can provide the subsidy then more efficiently.
The positive externalities increase the benefits for every citizen.
Answer:
Effect on income= $6,000 increase
Explanation:
<u>Because there is an unused capacity and it is a special order, we will not take into account the fixed costs.</u>
Effect on income= total contribution margin
Unitary variable cost= 8 + 10 + 4= $22
Effect on income= 1,000*(28 - 22)
Effect on income= $6,000 increase
Answer:
Option (b) is correct.
Explanation:
Given that
Amount of merchandise purchased = $5,800
Credit terms = 2/10 and n/10
Using a perpetual system and gross method,
Therefore, the Journal entry is as follows:
On May 1,
Merchandise inventory A/c Dr. $5,800
To accounts payable $5,800
(To record the purchase of merchandise on account at May 1)
Answer:
b. a close corporation.
Explanation:
A closed corporation is a corporation in which the shares of the company aren't publicly traded. Shares are held by few people, they are usually family members or mangers of the business. A closed corporation is taxed like a typical corporation and has limited liabilities.
A s corporation is a type of corporation where shares are held by few people. S corporations are taxed like a partnership- they are taxed once.
A non profit corporation is set up for purposes other than to make profit.
I hope my answer helps you
Answer:
304,000
54,000
175,000
Explanation:
Ted has a realized gain of $304,000 ($368,000 sales price – $22,000 selling expenses –$42,000 basis).
Ted's recognized gain is $54,000 ($304,000 realized gain - $250,000 exclusion).
The basis of the new residence is its cost of $175,000
