Answer:
We cannot answer this question due to a lack of information:
Would this contract increase (or decrease) Campus Stop’s dollars of gross profit and its gross profit percentage?
all you need to do from here is to compare the figures i computed with the ones you supposed to be given.
Explanation:
Gross profit from contract in $ = Revenue from Contract - Costs
= $27,000 - $15,600
= $11,400
Gross Profit % = $11,400/$27,000
= 42.2%
We cannot answer this question due to a lack of information:
Would this contract increase (or decrease) Campus Stop’s dollars of gross profit and its gross profit percentage?
all you need to do from here is to compare the figures i computed with the ones you supposed to be given.
Safety regulation loophole is responsible for closing the regulatory loophole, having an emergency plan, trying to have safety culture for every pipeline to avoid the disaster.
<u>Explanation:</u>
Senator Ed Markey is a member of commerce, science and the transport committee. He had the jurisdiction over the pipeline and hazardous material safety administration. According to him the safety regulatory loophole was very important and was responsible for avoiding the disasters like what happened in Merrimack valley.
He said that it is very important for every pipeline company to have a safety culture, to have an emergency response plan in case of any disaster or mis happening. There should be pipeline safety act with the toughest rules on it, that every pipeline company would have to follow, to avoid any kind of the disaster
Answer: the economy is using resources efficiently
Explanation:
The Production Possibility Curve simply shows how two goods can be produced in an economy when the resources that are used to produce the goods are being used efficiently without wasting them.
According to the production possibilities curve above, if the economy is producing 75 fishing boats and 400 jars of guava jelly, then the economy is using resources efficiently.
Here, economic efficiency simply means that the resources that are utilized are optimally allocated while inefficiency and wastage are being minimized. Foe economic efficiency to take place, there'll be opportunity cost. This is shown in the graph as more fishing boats are produced, less jars of guava jelly are made and vice versa.
Answer:
The correct answer is (B)
Explanation:
Macroeconomics is a study of the aggregate economy which consists of investment, saving, government spending and net exports. A macroeconomist will consider a coffee shop as an investment because it is a tangible asset which is directly contributing towards countries output. So, the correct answer is ' Charlie builds a new coffee shop'. All other investments are long-term, and they will be claimed in the future.
Answer:
The cumulative difference is a deferred tax asset of $ 2100.
Explanation:
The easiest approach to answering this question will be to use table differentiating the amounts for each year between accounting depreciation and tax depreciation
We will shorten amount to thousands to make the layout easier to read.
Year 1 Depreciation - 100 Tax - (200) Difference (100) Tax at 21% - (21)
Year 2 Depreciation - 100 Tax - (150) Difference (50) Tax at 21% - (10,5)
Year 3 Depreciation - 100 Tax - (80) Difference 20 Tax at 21% - 4,2
Year 4 Depreciation - 100 Tax - (50) Difference 50 Tax at 21% - 10,5
Year 5 Depreciation - 100 Tax - (10) Difference 90 Tax at 21% - 18,9
Cumulative temporary difference over the 5 year period = 2,1 or 2100 deferred tax asset. It's recognised as an asset as we will pay more tax in the current period, but less tax in the future. Tax liabilities reduce tax payable in the current period, but increase tax payable in the future.
