Answer:
An ideal inventory is difficult to have.
Explanation:
- Inventory is the number of goods and services stored and is accompanied asset and thus management of that asset is a very important aspect of the business.
- If too much inventory is maintained the inventory can lead to liability. If too little inventory is maintained then it leads to shortages of raw material and work in progress.
Beak-even point (BEP) in business is the point at which total cost and total revenue are equal. There is no net gain or loss, and one has "broken even", though opportunity costs have been paid and capital has received the risk-adjusted, expected return.
The formula for break-even is given by:
BEP=(Fixed Costs)/(Sales Price per Unit-Variable Cost per Unit)
From the above formula we can conclude that:
When Fixed costs reduces, the BEP decreases. Therefore the answer is [a]
• For the first question, the answer is Letter C. The Gift and estate taxes are called wealth transfer taxes because gift and estate taxes are levied when a transfer of wealth or property takes place and are part of the unified transfer tax system.
• For the second question, the answer is Letter C. The tax base for the gift tax is reasonable market value of all gifts completed in the current year minus an annual donee elimination of $14,000, minus a marital deduction for gifts to spouse and charitable deduction if applicable, plus the value of all taxable gifts in preceding years. The tax base for the estate tax is the gross estate of the decedent, minus deductions for expenditures, and a marital or charitable deduction if applicable, plus taxable gifts made after 1976.
Answer:
The correct answer is option b.
Explanation:
A tariff is a tax imposed on the imports of a product. It is used to restricts imports from another country by increasing the price of goods and services. Tariffs are generally of two types:
- Specific tariff
- Ad-valorem tariff
A quota is a quantitative restriction on imports of goods and services. An export subsidy is a type of subsidy that is paid to the domestic producers to encourage exports.
Dumping is a situation when a country, a firm or an industry sells a product in a foreign market at a lower price than what it charges in domestic market.
Answer:
Personally liable joint venturers
Explanation:
Abby and Zeke are personally liable joint venturers, in that, the profit and loss made from the partnership business is shared equally among the both of them as they have agreed to invest equal capital.
Debt incurred by the business is a liability which will be shared among them also.
Joint venture is a business organzation in which two or more individuals agree to invest their resources for the purpose of making profit.
It is a business establishment owned, financed, controlled by two or more people.
In a joint venture, each individual as a business participant is responsible for profits, losses, and costs associated with the business. The business risk is borne by each individual.
This is why Abby and Zeke are personally liable for the debt incurred by the business.
Joint ventures can be a partnership business as in the case of Abby and Zeke or a limited liability company .
