Answer and Explanation:
Option C is the correct answer
C. Probably not, because Alyssa made a mistake about the dog's value, not a mistake about a material fact.
It is false that the effect of the tax on the quantity sold would have been larger if the tax had been levied on consumers.
<h3>What is Tax?</h3>
Tax refer compulsory levy or contribution place on individual, organization or state which is levied by government majorly on workers income or business profits of companies or can be added to cost of goods, services or even any transactions done.
Therefore, It is false that the effect of the tax on the quantity sold would have been larger if the tax had been levied on consumers because the effect of tax on consumers or producers is normally determined by price elasticity.
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Answer:
Break-even point in units= 770
Explanation:
Giving the following information:
Selling price= $500
Unitary variable cost= $260
Fixed costs= $184,800
<u>To calculate the break-even point in units using the mathematical equation, we need to use the following formula:</u>
<u></u>
Net income= unit contribution margin*x - fixed costs
x= number of units
0= (500 - 260)*x - 184,800
184,800/240 = x
770=x
<u>Now, under the unit contribution margin method:</u>
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 184,800/240
Break-even point in units= 770
Answer:
$1,450
Explanation:
Rhett made his annual gambling trip to Uwin Casino. On this trip Rhett won $250 at the slots and $1,200 at poker.
Also this year, Rhett made several trips to the racetrack, but he lost $700 on his various wagers.
The amount must Rhett include in his gross income includes that on this trip Rhett won $250 at the slots and $1,200 at poker which is $1,450
The internal Revenue Service requires that <u>''You must report all gambling winnings as "Other Income".</u> When you have gambling winnings, you may be required to pay an estimated tax on that additional income.
The open systems model of ob assumes that <u>organizations are self-sustaining</u>. and this is because the system believes that the supplies of energy cannot be depleted.
<h3>What is an Open System?</h3>
This refers to the type of system that has to do with assumed infinite amounts or supply of energy
Hence, we can see that The open systems model of ob assumes that <u>organizations are self-sustaining</u>. and this is because the system believes that the supplies of energy cannot be depleted.
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