Answer:
The Last year, the government had a budget suplus of $ 10 million.
Explanation:
Government expenditure = $589 million + $416 million
= $1005 million.
Government revenue = $1015 million
Government budget suplus = government expenditure - government revenue
= 1005 million - 1015 million
= $10 million
Therefore, The Last year, the government had a budget suplus of $ 10 million.
Answer:
a. $2,634.36
$1,481.11
Explanation:
a. Ryan can claim the direct costs of the trip being gasoline and oil. He can therefore claim the $1,920 he paid for gasoline.
In addition, some of the indirect costs can be claimed as well such as depreciation. The claim is calculated as:
= Depreciation amount * Business miles / Total miles driven
= 3,900 * 3,700 / 20,200
= $714.36
Total deduction = 1,920 + 714.36
= $2,634.36
b. Ryan needs to be able to prove that the cost he is claiming are indeed business expenses. Total deductibles are:
= (3,900 * 1,400/ 20,200) + (1,400/2,220 * 1,920)
= $1,481.11
Answer:
d. Harmon only needs to show the bank his record of income from
his old job, not his new business.
Answer: d. choose the price at which it sells its butter.
Explanation:
In a competitive market, the individual sellers do not choose a price to sell at but rather the market does. This is due to the high number of sellers in the market so individual sellers do not have bargaining power.
The price will therefore equal the firm's marginal revenue as well as Average revenue.
