Answer:
The answer is True.
Explanation:
Because, then new firms will enter in the long run causing market supply to decrease, market price to fall , and profits to decrease.
Answer:
B. is much less than the costs to the whole American economy.
Explanation:
When foreign industries are prevented from entering the U.S. Market, the supply of the products that those foreign firms would provide is kept artificially low, in order to benefit domestic producers. This means that prices become more expensive than they should be, affecting all consumers.
For example, if the U.S. barred car imports from Japan, cars would become very expensive, and while the national car industry would benefit, the vast majority of consumers would be harmed by the higher prices.
Answer:
Q's NIIT is $5,776
Explanation:
Net Investment Income Tax (NIIT) is imposed through the Section 1411 of the IRC (Internal Revenue Code). It is applied at the rate of 3.8% to the net investment income of individuals.
The threshold amount for Single amounts to $200,000.
In this case, the modified adjusted gross income was $352,000 which is more than the threshold income. So, at 3.8% rate it will applied.
Net investment income = Profit - fees
= $352,000 - 0
= $352,000
Therefore, the threshold limit will be excluded. So, the remaining balance will be $152,000
= $152,000 × 3.8%
= $5,776
Note: This is the correct answer.
<span>Year
2018 ($45,000 - $5,000)/10 = 3,000 Ă— 4/12 = $1,000
2019 ($35,000 - $5,000)/10 = $3,000</span>
Answer:
A/R, $875; A/P, $575
Explanation:
The accounts receivable account is the account that records the amount from clients/customers. It is an asset account. The account payable is a liability account used to record amounts payable to vendors.
As such,
Accounts receivable (A/R) control account balance = $750 + $125 = $875
Accounts payable (A/P) control account balance = $200 + $375 = $575