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Debora [2.8K]
3 years ago
10

Sharon has opened a new startup company in web design. Within the first month of business, the startup agrees to maintain an acc

ounting firm’s website in exchange for someone doing their tax returns.
Which of the following principles of economic interaction best describes this scenario?

1-Markets allocate goods effectively.
2-When markets do not achieve efficiency, government intervention can improve overall welfare.
3-Trade can make everyone better off.
4-All costs are opportunity costs.
Business
2 answers:
lesantik [10]3 years ago
8 0

Answer:

3) Trade can make everyone better off.

Explanation:

In this case, Sharon's opportunity cost of providing internet services to the accounting firm are lower than the actual costs of paying for the accounting services. The same happens to the accounting firm, whose costs of providing the accounting service are much lower than the costs of paying for internet related services.

So both are benefiting because they are trading the service in which they hold a comparative advantage and they receive a service with a high opportunity cost for them.

AVprozaik [17]3 years ago
3 0

Answer:

trade can make everyone better off.

Explanation:

The aim of trade is to make all parties involved better off than they were before the trade occured. For example in international trade a country sells items they have reduced cost producing, while they buy items that will be expensive for them to produce.

In this instance the web startup is offering to give the accounting firm a service they have (web hosting) for tax return service.

Everyone is better off at the end of the day because they obtained a service they could not perform alone.

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AfilCa [17]
X-4x+7=5x-x-21
x-9x+7=-x-21
-8x+7=-x-21
-7x+7=-21
-7x=-28
x=4
7 0
3 years ago
Which statement is true of an e-distributor? a. An e-distributor offers services from different vendors in separate packages. b.
sveticcg [70]

Answer:

The correct answer is letter "B": An e-distributor offers fast delivery of a wide selection of products and services.

Explanation:

E-distributors are delivery companies that base their orders in electronic purchases made from a variety of goods and services. The main characteristic of these organizations is the speed in which the good or service can be shipped and is what may differentiate them from one another.

6 0
3 years ago
In the early days of the game industry, nearly all games were developed by designers, for designers. More specifically, what age
suter [353]

Based on historical perspective, the age range of the early game designers is between <u>40 to 60years old.</u><u> </u>Also, the gender for which the games were being designed is <u>male</u>.

<h3>History of Game Designs.</h3>

The history of game designs can be traced to William Higinbotham, a Physicist who created the first video game in 1958 at the age of 48 years.

William Higinbotham created the first video game during the Brookhaven annual visitors day to lighten the exhibition show.

The video game he created was tennis, known as "Tennis for Two," and the men in attendance played it.

Hence, in this case, it is concluded that the game designers were <u>men</u>, and they are in the age range of <u>40 to 60 years</u>.

Learn more about the video game industry here: brainly.com/question/14468591

6 0
2 years ago
Hank, a calendar-year taxpayer, uses the cash method of accounting for his sole proprietorship. In late December, he performed $
ICE Princess25 [194]

Answer:

Hank

a. After-tax income if bill is sent in December

= $30,000 * 0.68 (1 - 0.32) = $20,400

Return on investment of $20,400 * 1.01% = $20,604

b. if bill is sent in January

= $30,000 * 0.65 (1 - 0.35) = $19,500

c. Hank should send the bill in December.

d. with marginal tax rate = 24% next year, after-tax income

= $30,000 * 0.76 (1 - 0.24) = $22,800

e. He should send his bill in January.

Explanation:

a) Data:

Value of legal services for a client = $30,000

Marginal tax rate = 32% this year and 35% or 24% next year

After-tax rate of return = 12%

b) The after-tax income represents the amount of Hank's revenue that remains after tax has been deducted or paid.  It is what belongs to Hank after the taxman has taken his cut.

7 0
3 years ago
Information in the Financial Statements A financial statement is a summary of all the financial transactions that have occurred
4vir4ik [10]

<em>Here's the remaining part of the question</em><em>:</em>

<em>Please analyze and place each item in the appropriate financial statement to which it belongs;</em>

<em> Revenues, Long-term liabilities, Owner's equity, Insurance expense, Land, Patents, Costs of Goods Sold, Income tax, Advertising expense,  Insurance expense, Net change in cash, Accounts Receivable</em>

<u>Explanation</u>:

1. Balance Sheet: Note that this financial statement usually shows the asset and liabilities of the firm's account for a particular period of time. These items are found:

  • Owner's equity,
  • Patents,
  • Long-term liabilities
  • Accounts Receivable
  • Land

2. Income Statement: this financial statement is primarily focused on the revenues and expenses expenses of the firm. Items found includes;

  • Revenue,
  • Costs of Goods Sold,
  • Advertising expense,
  • Income tax,
  • Insurance expense,

3. Statement of cash flow

  • Net change in cash,

8 0
3 years ago
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