Answer:
C. $12,000
Explanation:
Income from continuing operation: 72,000
discontinued operation (70,000)
earthquake loss (90,000)
total non-operating loss: (160,000)
tax shield of 40% 64,000
net non-operating (96,000)
adjustment on accounting principle: 60,000
then, we apply tax rate of 40%: (24,000)
net effect on shift of accounting principle: 36,000
Net income for Maynard:
72,000 - 96,000 + 36,000 = 12,000
Answer:
The company should recognize $2,000 in revenue.
Explanation:
The accrual principle in accounting states that revenues should match expenses. While the company received $5,000 in cash from the customer, in the current month, it will only have delivered $3,000 in products. In other words, it will only have incurred in the expenses necessary to deliver those $3,000.
For that reason, for the current month, the company will only recognize $3,000 in revenue, while the following month, it will recognize the remaining $2,000.
Answer:
The correct answer is option c.
Explanation:
The increase in net exports indicates means there is a surplus in trade. An increase in net exports will lead to a rightward shift in the aggregate demand curve, further causing an increase in output level.
In order to stabilize the output level, the government can reduce the money supply, this will lead to a decline in the amount of money held by people. The supply of loan-able funds will be reduced as well, leading to an increase in the interest rate. As the interest rate rises, borrowing will become expensive so the firms will not get motivated to increase output.
Answer:
Use a software program
Explanation:
When you use it a software program the presentation is much cleaner than hand written and is easier to edit. But a software program can be stolen, or deleted.
Paper layouts can be stolen but if lost it may be found.Paper layouts are easier to make though because you dont have to add special effects by scrolling and scrolling because you can do it quickly with you pencil.
Answer:
b. countries can become better off by specializing in what they do best.
Explanation:
Comparative advantage in economics is the ability of an individual or country to produce a specific good or service at a lower opportunity cost better than another individual or country.
The comparative advantage gives a country a stronger sales margin than their competitors as they are able to sell their specific products or render their peculiar services at a lower opportunity cost.
In 1817, David Ricardo who is an english political economist talked about the law of comparative advantage in his book “On the Principles of Political Economy and Taxation."
Also, the principle of comparative advantage asserts that countries can become better off by specializing in what they do best.
This simply means that, any country applying the principle of comparative advantage, would enjoy an increase in output and consequently, a boost in their Gross Domestic Products (GDP).