Answer:
$37,200
Explanation:
The amount of deferred tax on 31 December 2017 for Larkspur can be calculated by multiplying the estimated warranty liability for accounting purposes with an effective tax rate.
DATA
Estimated warranty = $124,000
Effective tax rate = 30%
Deferred tax liability =?
Solution
Deferred tax liability = Estimated warranty x Effective tax rate
Deferred tax liability = $124,000 x 30%
Deferred tax liability = $37,200
Answer:
C- Offer products with complementary demand patterns (e.g., jet skis and snowmobiles).
Explanation:
This strategy helps to smooth utilization of facility, equipment, and personnel because it enables the seller to offer the amount of goods or services wanted. It is related to strategic capacity management, that is strategic capacity planning, capacity utilization and best operating level.
Answer:
The answer is small because the firms with the market power of substantial are rare.
Explanation:
The loss in the efficiency is because of the market power which is small as the firms with the essential or substantial market power are rare in the market.
The firms with the power substantial market are the monopoly firms and these firms are very rare. Some competition exists in firms in the market but this competition limit the power of the market by decreasing the dead weight loss and keeping the cost closer to the marginal cost. So, it will result in loss in efficiency.
Note: The correct answer or option is missing. So, providing the correct statement.
Answer:
Italy has a comparative advantage in the production of cheese
Explanation:
Suppose that Italy and Sweden both produce rye and cheese.
Italy's opportunity cost of producing a pound of cheese is 5 bushels of rye while Sweden's opportunity cost of producing a pound of cheese is 10 bushels of rye.
<u>By comparing the opportunity cost of producing cheese in the two countries, you can tell that Italy has a comparative advantage in the production of cheese because it has a lower opportunity cost (as a matter of fact half the cost) in comparison with Sweden.</u>
<u>Comparative advantage is an economic term that refers to an economy's ability to produce goods and services at a lower opportunity cost than that of trade partners</u>