Answer:
addition to retained earnings is $34,304
Explanation:
Revenue = $513,000
- Costs <u>= $406,800</u>
Gross Profit = $106200
- Depreciation expense = $43,800
- Interest paid <u>= $11,200</u>
Profit before tax = $51,200
- Tax 33% = $16,896
Profit after tax = $34,304
*Profit after tax is actually addition to Retained earning the dividend payment is made from the Retained earning account after that.
I believe the answer is: A) You own a home.
The 1040EZ is created to favour a more bare-bones return (for people who had no dependants i.e wife&kids and generally make under $ 100,000 a year). 1040 on the other hand, is a form that created to favour someone who typicall make more than $ 100,000 and own properties
Answer:
It will be regarded as inflow from financing activities
Explanation:
Since we are receiving money it is an inflow of cash. The bank can be regarded as a finance house. Since we are borrowing money and not buying assets this is regarded as a finance activity and this money will need to repaid in the future (finance from outside parties).
Answer:
D) The firm is allocatively inefficient, because it produces an output level at which price is greater than marginal cost.
Explanation:
Monopolistic competition refers to a market where several suppliers exist, each supplier will offer a similar but differentiated products than its competitors. For example, restaurants are monopolistic competitors. In monopolistic competition markets there are none or very few entry or exit barriers.
Monopolistic competition firms are allocatively inefficient because their price is higher than their marginal costs because they are not able to produce at minimum average total cost.
