<u>Answer</u>:
C) a watermelon, a chair, and a pencil is a list of private goods only.
<u>Explanation</u>:
In Economics, private goods are goods that need to be purchased for consumption, and if an individual is consuming it, then the other individuals cannot consume it. These goods are also considered as excludable which means that if a user has bought it, he/she can prohibit its use from the public through ownership rights. The owner could be an individual or a group of individuals.
By applying the above definition, it is clear that C is the only alternative that consists of private goods only, that is, A watermelon, a chair, and a pencil.
The Wheeler-Lea amendment made unfair or deceptive acts or practices in commerce illegal under Section 5 of the Federal Trade Commission Act.
<h3>What was
Federal Trade Commission Act?</h3>
The Federal Trade Commission was founded by the Federal Trade Commission Act of 1914, federal legislation of the United States. The Act, which was passed by US President Woodrow Wilson in 1914, forbids unfair business practices and unfair techniques of competition.
Unfair or misleading acts or practices in or affecting commerce are prohibited by Section 5 of the Federal Trade Commission Act (FTC Act) (15 USC 45). All individuals engaged in business, including banks, are subject to the restriction.
The Federal Trade Commission Act's Section 5 was modified by the Wheeler-Lea Act of 1938, which made "unfair or misleading acts or practices" and "unfair methods of competition" illegal. Civil penalties were offered for breaking Section 5 orders.
To know more about Wheeler-Lea Act refer to: brainly.com/question/16938880
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Answer:
d. $720,000 asset.
Explanation:
At 2014 David Company reported a loss for 2,400,000 which, for taxes purposes wasn't recognized.
Thus, there is a temporary diffrence in favor of the company,
as is paying more income tax today (the 2,400,000 loss is not recognzied thus, more income taxes are being paid)
and then, will pay less than the accounting net income (latter will pay taxes including this loss, thus less income tax)
This is a deffered income tax asset for: 2,400,000 x 30% = 720,000
tax deffered(assets) 720,000 debit
income tax expense 60,000 debit
cash 780,000 credit
THE QUESTION:
You have been put in charge of the taxation of the Mars colony. You need to decide how to tax the citizens of the colony.Will you institute a progressive, regressive, or a flat tax on income? Will you institute excise taxes? If yes, what goods and services will you tax and why? Will you institute sales taxes, property taxes, or VAT on goods?
Explanation:
I am not good at these terms, but
I would not use a flat tax, as I know that it would make lot's of people's life harder, from the middle class, to lower class, that might put people in financial struggles. Instead, I would charge different taxes on people, judged on their income. That would help lot's, and would be a good deed. Also, I will also use property taxes, because most of the time, if you didn't have money to spare, you wouldn't spend it on a house, right? I might have sale taxes, which I would say depends on how much I need as a government on MaRs! :|)
retaining i think because the act of retaining something is to retain.
