Solution :
a). In the context, Jim received $ 275 for the car repairing services form some member from the club. In this exchange of the services, an income is been received in amount of a value of the services received ( the gross income includes receipt of the services and also the money and goods). Therefore, Jim is being taxed on an amount of $275 for the car repair services.
b). The issue in this case is whether a "credit" represents the valuable right. As the right can be redeemed for the that is property worth of $150, then under the constructive receipt, Jim must recognize an income of $150.
c). Jim received an credit of $450 to be applied for the next year. If the credit can be redeemed or used for any future services, the taxpayer then can argue that the realization has not yet occurred. But, it has be included in Jim's gross income for the next year when his credit amount becomes the valuable right.
The decision concerning how the dollars left over from a defense cutback will be distributed is an example of a goal conflict. The idea behinf the term goal conflict is that <span>sometimes it is difficult to achieve our </span>goals<span> because they </span><span>conflict</span>
Answer:
it would be C the absolute change in the price level from one period to another.
Answer:
Commerical paper
Explanation:
Commerical paper is a short-term security, or note, containing a borrower's promise to pay.
There was a previous question like that, so i remember the answer.
~<u>rere</u>
Answer:
The answer is A.
Explanation:
If a a product is price elastic that means it is sensitive to price. If there is an increase in price, the quantity demanded of that product will drop and if there is a decrease in price, the quantity demanded of that product will rise. Price elasticity has a value greater than one.
Because the price rose from $200 to $250, quantity demanded fell from 8000 units to 6,000 units.
If it were to be inelastic, the quantity demanded will not change or will change with very little percentage.
