Rightward change in the supply curve The cost of producing a corporation's goods would go down if the income tax was eliminated.
<h3>When a good's tax rate rises gradually, what happens to the tax revenue?</h3>
Up to T*, government revenue grows along with the tax rate. Increased tax rates cause revenue to decrease past point T*. To put it simply, attempts to impose taxes above a particular threshold are unsuccessful and actually lead to lower overall tax receipts.
<h3>Which shifts in the supply curve of a product will they occur?</h3>
A change in supply, in its simplest form, is an alteration in the quantity delivered along with a rise or fall in the supply price. A shift in supply can be brought about by new technology, such as less expensive or more efficient production methods, or by a change in the number of market rivals.
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The preparation of the income statement is as follows:
<u>Income statement</u>
Service revenue $9,300
Less:
Salaries expense $2,200
Utilities expense $1,200
Total expenses -$3,400
Net income $5,900
Therefore we can conclude that the net income is $5,900.
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Answer:
Option 2 and 3 are correct
Explanation:
Foreign exchange refers to the conversion of one currency in exchange for another currency.
Foreign exchange market refers to a market for buying and selling of foreign currency in exchange of home currency. Such form of market has various participants such as forex dealers, brokers, institutions and individuals.
Foreign exchange market has no geographical location, rather it is spread online through network of banks, forex institutions and brokers.
International tourists require the currency of the nation they tour and thus they exchange their own currency in return for it. The process is foreign exchange.
Answer:
The two ways that a corporation can be classified by ownership are: publicly held and privately held
Explanation:
Corporation is majorly defined by the ownership of the entity and this ownership can only be determined by the number of share being held by private groups and promoters or the general public.
Answer: A
Explanation:
Aggregate demand can be obtained by adding consumptions, investments, Government spendings, and net exports(exports-imports).
Aggregate demand=consumptions + investment + Government spending + exports - imports