Answer:
annuity
Explanation:
Retirement annuities are helpful because they can guarantee a steady income during your retirement years. They can be either fixed retirement annuities (they provide a fix amount of money until you die) or variable annuities where the amount of money depends on how well your investments perform.
Sheila Recognized gain is
Jacob Recognized gain is
<u>Solution:
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Sheila’s Sale:
Amount noticed
Fixed basis
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Gain
Recognized Gain =
Jacob’s Sale:
Amount noticed
Fixed basis
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Gain
Recognized Gain = $8000
The $40,000 profit base of Jacob is same as the adjusted basis of Elane.
Answer:
One thing to clear ab initio is that equilibrium quantity and price are achieved when the demand and supply curves intersect at a point. Therefore, at equilibrium, the demand and supply in quantity are equal.
a) If a technological improvement reduces the cost of product, the equilibrium price will reduce and equilibrium quantity will be equal to the quantity demanded and supplied.
b) If there is a reduction in the number of sellers, the equilibrium price will increase and the equilibrium quantity will be equal to the quantity demanded and supplied.
c) If there is a tax levied on the sellers of apps, the equilibrium price will increase and the equilibrium quantity will be equal to the quantity demanded and supplied.
Explanation:
a) The market is in equilibrium when the supply and demand curves intersect, meaning that the quantity demanded and quantity supplied are equal. The price and quantity at which this intersection occurs are called the equilibrium price and equilibrium quantity respectively. In economics, when quantity supplied equals quantity demanded, an equilibrium situation is achieved, and it is represented by this equation: Qs = Qd; where Qs is quantity supplied and Qd is quantity demanded.
b) Equilibrium price reduces when there is a cost reduction and more supplies are pushed to the market to meet demand.
c) When suppliers leave the market, it means that the market price and demand are no longer attractive and beyond their individual influence. This leads to a reduction in quantity supplied overall.
d) Sales tax increases the price of goods and services, and equilibrium will be achieved when there consumers demand the product with increased price and sellers are willing to produce and sell at such a price.
Due to limited liability, unlimited lives, and ease of ownership transfer, the majority of U.S. businesses (in terms of number of businesses) are organized as corporations----False
Explanation:
As in large corporations there is a limited liability up to the amount of shares held by any person. The liabilities are limited and not unlimited.
Also, there is an ease in transfer of ownership as through sale in open market which generally is easily feasible and there are no such difficult processes of following these regulations of transferring ownership.
Also in corporations huge number of people can be involved, as there is no maximum limit of number of owners in corporations.
What type of business has two or more owners and unlimited personal liability?
A general partnership is a business owned jointly by two or more people. Advantages include: more resources and talents come with an increase in partners, and the business can continue even after the death of a partner. Disadvantages include: partnership disputes, unlimited liability, and shared profits.
Learn more about liability of business:
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