Answer:
true
Explanation:
What are the ancient Hebrews laws of God called?
The Law of Moses (Hebrew: תֹּורַת מֹשֶׁה Torat Moshe), also called the Mosaic Law, primarily refers to the Torah or the first five books of the Hebrew Bible. Traditionally believed to have been written by Moses
When a tax distorts incentives to buyers and sellers so that fewer goods are produced and sold, the tax has caused a deadweight loss.
<h3>What is meant by deadweight loss?</h3>
- The gap between the production and consumption of any given good or service, including taxes, is referred to as deadweight loss in economics. Deadweight loss is most frequently detected when the quantity generated compared to the quantity consumed deviates from the ideal surplus concentration.
- Overproduction of commodities results in a loss of money. For instance, a baker might only sell 80 of the 100 loaves of bread they produce. There will be a deadweight loss since the 20 remaining loaves will become moldy and dry, and they will need to be thrown away.
- The loss in economic activity that results when the market pricing of products or services change negatively affects consumers and businesses is referred to as deadweight loss.
- You need to know the change in price and the change in quantity demanded in order to compute deadweight loss. Deadweight Loss is calculated using the following formula:. 5 * (P2 - P1) * (Q1 - Q2).
When a tax distorts incentives to buyers and sellers so that fewer goods are produced and sold, the tax has caused a deadweight loss.
To learn more about deadweight loss, refer to:
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One should write a functional (skills) resume when you are making a career change.
<h3>What is a resume?</h3>
A resume is a document that outline information about a job applicant including his or professional experience.
The document also contains applicant work skills and background details.
Hence, one should write a functional (skills) resume when you are making a career change.
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Answer:
Megan Company
Analysis of Error and Indication of its effect on 2013 and 2014 Net Income, Assets, and Liabilities:
Net Income Assets Liabilities
2013 2014 2013 2014 2013 2014
1. O O
2. O U U
3. U O U
4. O U U
5. O U U
6. U O
7. U U
Explanation:
a) Data and Calculations:
Codes to indicate the effect of each dollar amount: O = overstated, U = understated, and NE = no effect.
The overstatement of Net Income happens when an expense incurred is not recorded in the affected period or a revenue not earned is recognized in the wrong period. For instance, when depreciation expense for 2013 is not recorded in 2013, the net income is overstated. We cannot assume that the error is corrected in 2014, according to this question.
Answer:
$985,000
Explanation:
Given that,
Pretax book income = $1,000,000
Increase in net reserve for warranties = $25,000
Book depreciation = $100,000
Dividend received deduction = $15,000
Book equivalent of taxable income:
= Pretax book income - Dividend received deduction
= $1,000,000 - $15,000
= $985,000
Therefore, the Book equivalent of taxable income is $985,000.
