This relates to liability of business owners. When a company has unlimited liability and starts losing money, the owners can be personally liable for losses meaning their home and personal assets could be lost. Limited liability means they can only lose the amount that they invested in the company and none of their personal assets.
Answer:
exports more than it imports
Explanation:
Trade surplus is when export exceeds import.
Export is the sum total of goods and services sold to other countries. For example, if clothes are sold to China, it constitutes export.
Import is the sum total of goods and services bought from other countries. If a laptop manufactured in China is sold to someone in the US, this is import
Trade deficit is when a country imports more than it exports
Answer:
a. The mount of income tax expense does Walmart report in its income statement for 2015 was $8,074
b. The amount of Walmart's income tax expense that was determined from the company's tax returns is $8,615
c. Deferred taxes decreased Walmart's income tax provision for the year
Explanation:
a. In order to calculate what amount of income tax expenses does Walmart report in its income statement for 2015, we would have to use the following formula:
Income tax expenses= Current year income taxes + Deferred tax expense
Income tax expenses=$8,615-$541
Income tax expenses=$8,074
b. The amount of Walmart's income tax expense that was determined from the company's tax returns is $8,615. This are the Total current tax provision.
c. Deferred taxes decreased Walmart's income tax provision for the year becuase the Deferred taxes are benefit.
Answer:
PV= $18,763.56
Explanation:
Giving the following information:
Annual payment (A)= $2,374
Number of payments= 13
Discount rate (i)= 8%
<u>To calculate the present value, we need to use the following formula:</u>
<u></u>
PV= A*{(1/i) - 1/[i*(1 + i)^n]}
PV= 2,374*{(1/0.08) - 1 / [(0.08*(1.08^13)}}
PV= $18,763.56
The answer is strongest when the economy is at full employment.
the term is used to describe the public-sector spending. It means that purchases would be relatively high when more are employed. They have the capability to acquire the product. It can also be done by borrowing money and lenders can only borrow if their remuneration is sufficient to pay the loan. Another is if they had increased compensation, which makes them buy more than before.
