Answer:
e. Dave is taxed on $72,750 of plumbing income this year.
Explanation:
Based on the information given if Dave clients make their checks payable to his son, Steve based on Dave request in which the son, Steve received checks of $72,750 on behalf of his Dad, Dave's plumbing services, the TRUE STATEMENT will be DAVE IS TAXED ON $72,750 OF PLUMBING INCOME THIS YEAR reason been that to assign income to another person is NOT EFFECTIVE for TAX PURPOSES.
Answer:
0.95
Explanation:
Given that,
Market demand for wheat: Q = 100 − 2p + 1pb + 2Y
price of wheat, p = $2
price of barley, pb = $3
Income, Y = $1000
Q = 100 − 2p + 1pb + 2Y
= 100 - (2 × 2) + (1 × 3) + (2 × 1,000)
= 100 - 4 + 3 + 2,000
= 2,099
Differentiating Q with respect to Y,
dQ/dY = 2
Income elasticity of wheat:
= (dQ/dY) × (Y ÷ Q)
= 2 × (1,000 ÷ 2,099)
= 0.95
Answer: Trade creation
Explanation:
Trade creation is the increase in economic welfare which occurs when a country joins a free trade area, like the customs union. Trade creation will happen when the ltariff barriers has been reduced which leads to lower prices.
Trade creation leads to lower cost on producers which will lead to a rise in economic welfare and consumer surplus. Trade creation also leads to expansion of trade.
N.B: I don't understand your question fully and neither can i find the complete question anywhere on the internet so im going to answer this sentence and hope it helps you.
Answer:
True
Explanation:
When a company has employees from different backgrounds and with different skills set, it helps the company come up with a lot of innovations that cuts across different cultures, thereby expanding their own range of services and/or goods. Also it helps in problem solving as each employee can come to the table with various ways of solving a problem.
This situation can be called diversity of thoughts.
Cheers.
Answer:
c) the incentive structure accompanying market prices.
Explanation:
The invisible hand explains the unintentional social advantages of ego-interested actions of people, a term first proposed by Adam Smith in The Theory of Moral Sentiments, published in 1759, referencing it with respect to the distribution of revenues.Administrators offer multiple incentives, that are bonuses or encouraging variables that push the person to function effectively and in the long term interest of the principal. The incentive structures contain price / referral fees, annual bonuses and compensation for performance