An if then else structure.
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Answer:
a. is always the middle value of replacement cost, net realizable value, and net realizable value less a normal profit margin.
Explanation:
As we know that inventory will be recorded at cost or market value whichever is lower. But in the given case, the replacement cost would be recorded at higher values and lesser values. Higher values represent the Net realizable value whereas the lesser values represent the net realizable value less than the normal profit margin.
And if the replacement cost lies in this range than it represents the designated market value.
Hence, option a is correct.
Solution :
a). Opportunity cost
In the field of economics, Opportunity cost may be defined as the loss of a potential gain when some other alternatives are chosen from a given set of opportunities.
b). efficiency
c). Our professor presents us the incentives for major in economics.
d). I can complete the project via specialization more efficiently rather than doing it all each part of the project together.
Answer:
c. Real GDP in long run
Explanation:
Potential GDP refers to the level of real GDP in long run.
If Sarah is in the income tax band that has a marginal rate of 24%, the amount of the deduction that must be taken in order to generate a tax advantage that is equivalent to that provided by the child care credit is x = 5000.
This is further explained below.
<h3> What amount of deduction is necessary to provide a tax benefit that is equal to that provided by the child care credit if Sarah is in the 24% marginal income tax bracket?</h3>
Generally, The proportion of an individual's income that must be paid in taxes is referred to as that person's marginal tax rate.
The average tax burden may be conceptualized as the entire tax burden expressed as a proportion of the income that is produced.
Tax: Taxes are payments to the government that is required of all citizens, whether they be people or companies.
In conclusion,
Available deduction = 1200
Deduction rate = 0.24
Amount of money needed for an investment
x= 1200/0.24
x= 5000
Read more about marginal income tax
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