Answer:
$0
Explanation:
The Tax Cuts and Jobs Act eliminated the possibility of deducting casualty losses if they were not caused by federally declared natural disasters. The only way Mary could deduct the $25,000 loss is that she had some type of casualty gain during the year that is offset by this loss. Casualty gains result when a person receives more money from an insurance company due to an event, e.g. fire, than the basis of the property. But in this case, there is no prior casualty gain, so the casualty loss cannot be deducted.
Country ABC shows that it has ABSOLUTE ADVANTAGE over Country XYZ.
The absolute advantages is proven when Country ABC was able to produce a unit of good 1 with fewer resources than Country XYZ.
Absolute advantage is different from comparative advantage.
Comparative advantage deals with opportunity cost. If a country is able to produce goods at lower opportunity cost than its trading country, then, it has comparative advantage.
Answer:
Company A and Company B
Determination of annual revenue:
a) The information needed to determine which company has higher annual revenue include:
i) The annual quantities of packs of paper coffee cups sold to the Caribou Coffee locations in the US for a number of years.
ii) The annual quantities of dinner plates sold to Applebee's for the same years as above.
b) The annual revenues can be calculated by multiplying the price for a pack of 100 cups by the annual quantity sold.
Explanation:
Revenue is a function of price and quantity sold. The price is unit selling price and the quantity depends on the period for which revenue is being computed.
Revenue is the earnings from the sale of goods and services. The excess of revenue over cost of sales gives the gross profit, from which expenses would be deducted to arrive at net income after adding other incomes from non-operational activities.
Answer:
It would take the form of a tax on houses in a small neighborhood, to pay for the new street lamps in that area.
Explanation:
Special taxes are taxes that have a specific application since they affect only a certain group of goods and services that, given their characteristics or effects, are chosen by the government or the tax authority to be subject to a particular tax.
Special taxes are indirect taxes that are applied to the consumption of certain goods or services (such as alcohol or hydrocarbons). They are linear in relation to disposable income.
Answer:
Option C. Leftward by $40 billion at each price level
Explanation:
The shift would be leftward because the decrease in investment results the decrease in the aggregate demand which will decrease the aggregate demand by decrease in investment divided by multiplier 0.5, which gives $40 billion decrease in aggregate demand. So the result would be the leftward shift by $40 billion at each price level.
