Answer: Internal reporting involves the compilation of financial and operational information on a frequent basis, which is distributed to those within an organization who can use it to improve performance. ... Internal reports are not shared with anyone outside of the firm.
It should be noted that Centrally planned economies allocate resources based on decisions by government.
<h3>What is Centrally planned economies all about?</h3>
A centrally planned economy can be regarded as the economy whereby price and allocation of resources, goods as well as services is been controlled government.
This us done by the government instead of autonomous agents like that of free market economy.
Learn more about Centrally planned economies at:
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Answer:
elastic
16%
32%
decrease
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one
Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.
Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases
Perfectly inelastic demand is demand where there is no change in the quantity demanded regardless of changes in price.
Answer:
The tax for all five cases is as calculated in the attached figure.
Explanation:
The calculation of tax for individual income is calculated as attached in the excel file screen shot. As year is not mentioned, the tax tables are used for 2015 (As observed by finding a reference question).
Net Taxable Income: |$62449
Dividend: |$ (560)
--------------------------------------------
Taxable Income |$ 61889
(excluding dividend) |
For income bracket | Tax Rate | Tax Amount
(0-18450) | 10% of Income | 18450*10%= $1845
(18451-74900) | 15% of Income | (61889-18450)*10%= $6525.85
Total Tax (Less Dividend) | $ 8360.85
Tax on Dividend is given as
0% for Income less than 74900. As income is less than the value so the dividend tax is 0.
Total Tax=Tax(less dividend)+Tax(dividend)
Total Tax=$ 8360.85
The other entries are calculated using the same in the excel and the screenshot is attached below.
In order for a firm to earn economic profits, price must exceed average total cost.
This is A. true.