It really depends on where the tax cut was applied. If it was a cut in profit tax for firms, then you could say that it is D, as firms will reinvest profits into production and amke more. But if it was an income tax cut, then it can be A,
Answer:
Option (C) is correct.
Explanation:
Given that,
own price elasticity of demand = -1.5
Percentage change in price of apple = 6 percent
Therefore,
Own price elasticity of demand = Percentage change in quantity demanded ÷ Percentage change in price
1.5 = Percentage change in quantity demanded ÷ 6
Percentage change in quantity demanded = 1.5 × 6
= 9 percent
Hence, the quantity demanded for apple increases by 9 percent when the price fall by 6 percent.
Answer: Option C : Domestication
Explanation: Domestic policy or domestication are administrative decisions that are directly related to all activities and issues within a nation's physical borders. It's a more critical way of looking at foreign policy with a difference.
Answer:
Option (B) is correct.
Explanation:
Given that,
Selling price of a product = $140 per textbook
Variable expenses = $25 per book
Books sold per year = 6,000 books (It is the break even point)
The break even point indicates that there is no profit or loss incurred at the sales.
This means that the sales revenue is equal to the total cost incurred to produced these goods.
Sales per unit - Variable cost per unit - Fixed costs per unit = 0
$140 - $25 - Fixed costs = 0
$115 = Fixed costs per unit
Therefore, the total amount of fixed cost is calculated as follows:
= Fixed cost per unit × Number of books sold
= $115 × 6,000
= $690,000
Answer:
The answer is: B) FICA taxes withheld from employees' payroll checks should never be recorded as a liability since the employer will eventually remit the amounts withheld to the appropriate taxing authority.
Explanation:
FICA taxes (or payroll taxes) are based on an employee's salary. Both employees and employer pay FICA taxes for Social Security and Medicare. Employers withhold these taxes from their employees' paychecks, and then pays them to the Internal Revenue Service (IRS).