Answer: $14,000 (Unfavorable)
Explanation: The book tax difference is the difference between the expenses for the book purpose in 2019 and the price of the option exercised. If the difference is positive it is unfavorable while if the difference is negative it is favorable.
Difference in book tax = The total value of the shares at the year - Amount of bargain element on option exercised.
Difference in book tax = ($40,000 × 1/2) - (1,000 × $6)
Difference in book tax = $20,000 - $6,000
Difference in book tax = $14,000
It is unfavorable because book tax expenses exceed the tax deductions.
Answer: Sales-orientation
Explanation:
Sales Orientations are referred to as or known as the business strategy of providing profits thus by focusing on the persuasion of the individuals to buy commodity and products rather than comprehending consumers needs. Most of the emphasis is being put up on the advertising of the commodity and also improving abilities of sales force of the organization.
<span>Entrepreneurs are considered to be both spark plugs and catalysts of the free enterprise economy because of a number of reasons. Everybody benefits and profits when an entrepreneur becomes successful. When an entrepreneur opens his or her search for profits, the effects would be a chain of events where new products, greater competition, more production, higher quality, and lower prices for consumers can be observed. An entrepreneur is said to be a spark plug in the free-market for there is that vision of providing a product or a service that people are willing to pay for, combined with the ability to produce that product or service at a cost below the market sales price which propels him/her to take action. Capitalism will not work if it were not for the entrepreneurs who take the risks and start the businesses that produce the goods and services we all enjoy.</span>
Depends on the upcoming predicted sales when compared to the cost to run the buisness
Answer:
1. A monopolistically competitive firm may be able to distinguish itself from other firms by adjusting the physical attributes of its product, by offering a distinctive level of service, or by selecting a convenient location.- True
2.Product differentiation enables a monopolistically competitive firm to have some control over the price of its product- True
3.In the long run each monopolistically competitive firm produces a level of output that results in allocative efficiency.- False
4. In the long run each monopolistically competitive firm produces a level of output that results in productive efficiency- False
5.To maintain a competitive edge and earn economic profits, a monopolistically competitive firm has an incentive to improve its product. -True
6. Compared with purely competitive markets, under monoplistic competition consumers with a diversity of tastes can benefit from the opportunity to choose from a greater range of products and services. -True
7.In order to maximize its profits, each monopolistically competitive firm must determine the price of its product, how to differentiate its product, and how much it will spend on advertising.True
Explanation:
