Answer: Literally translated, haute couture means "high sewing", but refers to the level of the industry in which clothing is made of the best quality and sold the highest prices on a custom-order basis.
Explanation:
Haute couture are high quality clothing brands, where the sewing is done by hand for most parts of the clothing and high attention is paid to details. The haute couture clothing brands are of high quality and high priced made by experienced tailors.
Answer:
c. Depreciation $1,000
f. Property, Plant and Equipment $12,000
Explanation:
Tom's Grocery purchased 5 new cash registers which amount $2400 each. They have useful life of 5 years. Using straight line depreciation the annual depreciation charge will be $2,400 / 5 which is $480 per year per cash register. There are 5 cash registers so total depreciation expense will be $480 * 5 = $2,400 per year for 5 registers.
The registers are bought on August 1st, 2013 and the year end is December 31st, 2013 there are 5 months, the depreciation expense will be prorated based on the months.
$2,400 * 5/12
$1,000.
Answer: $1400
Explanation:
The amount of gross income that Heather must report will be the addition of the interest on the US government bonds, the interest on the federal income tax refund and the gain on the sale of Madison company school bonds. This will be:
= $700 + $200 + $500
= $1400
Therefore, Heather must report gross income in the amount of $1400. The correct option is D.
Answer:
c. supply curve to the right, meaning market price will fall.
Explanation:
If firms in a competitive market start to make a large profit, more firms will enter that market because they will also want a share of it. As more firms enter the market, total quantity supplied will increase, shifting the supply curve to the right and lowering the equilibrium price.
Answer:
There is no change in consumers' or producers' well being
Explanation:
Currently consumers of vodka were levied tax of $2. However, government decided to provide tax relief to consumers and shift the burden on producer. There will be no change in the well being of consumers and producers.
Tax is a cost that shifts demand curve if consumers pay tax. Supply curve shifts if producers pay tax. The overall effect, however remains the same. If producers pay tax, cost per unit vodka will increase which will be reflected increased prices. Similarly, if consumers pay tax, they will demand lesser. so there is no change overall.
