The are great company and very patients w clients
When town commons were broken up into private lots each farmer had to bear all the costs and all the benefits of his choices about how many animals to graze
<h3>
What is private lots?</h3>
- When non-governmental legal entities own property, it is referred to as private property. Private property can be distinguished from collective or cooperative property, which is owned by a collection of non-governmental enterprises, and from public property, which is owned by a state agency.
- Capitalism, an economic system based on the private ownership of the means of production, is built on the principle of private property. Different political ideologies draw different distinctions between private and personal property, with socialist perspectives drawing a clear line between the two. Private property is a legal concept that is established and upheld by a nation's political system.
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Answer:
A) meritocratic.
Explanation:
Meritocratic: It is defined as a social system where people´s status and success depend on their talent, skills, and contribution to society rather than wealth or social position. It gives priority to merit in society and promotes equality in society. The opposite of meritocratic is nepotism, which creates a gap in a society and provides an opportunity to only a privileged one. Meritocracy term was first time used by Michael Young.
In the given case, Jim get a job, where executive director tell him that if he works hard and earns favorable reviews, he could work his way up to a position of greater responsibility and income. Therefore, such system is referred as Meritocratic.
<span>In a free market system, market prices are determined by:
- Competition
- Self-Interest
- Government
Competition will affect how the producers sell their product to obtain the maximum amount of customers The more competition usually lead to lower price.
Self-interest will determine the interest for a certain product in the market. The more people interested in a product, the higher the price would be.
Government will influence product's price thorugh taxation</span>
Answer: $101 million
Explanation:
The amount that Ross should report as income tax expense in its 2021 income statement will be calculated thus:
First, we'll calculate the deferred tax asset in valuation allowance which will be:
= Deferred tax asset before valuation allowance - Deferred tax asset after valuation allowance
= $170 million - $130 million
= $40 million
Then, income tax expense will be:
Income taxes payable= $90 million
Add: DTA not be realized = $170 million × 30% = $51 million
Less: Deferred tax asset in valuation allowance = ($40 million)
Income tax expense = $101 million
