Answer:
False.
Explanation:
Profit can be defined as the financial benefit received by a business organization when the total revenue exceeds the total costs. Revenues are as result of the sales while the total costs include; costs of running the business, expenditures and taxes. Profit can be calculated using the formula below;
P=R-C
where;
P=profits
R=total revenue
C=total costs
This can also be expressed as;
Profits=Total revenue-total costs.
In the case above, even if the two firms have identical sales, operating costs, employee competence, assets, and financing policies, they don't have identical tax liability. Tax liability can be defined as the amount of tax that is owed to an authority usually the government. Firms usually differ in the amount of tax they are to pay with regard to numerous factors. One factor is that whether the firm is registered as an S corporation or not. An S corporation is a company that does not pay corporate tax. The taxes in an S corporation are filed on individual incomes thus avoiding double taxation.
Answer:
$20,450
Explanation:
With regard to the above, the adjusted cash balance would be computer as;
= Bank balance + deposits in transit - outstanding checks
= $19,400 + $6,550 - $5,500
= $20,450
or
= Bank balance - service fees - NSF checks
= $21,525 - $70 - $1,005
= $20,450
Your gross pay is the full amount of money that you earn without anything taken out for items such as taxes and social Security.
After you deduct Gross Pay with items such as taxes and social security, then you get your net pay.
Survey results are used in <u>cross-impact analysis</u>
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Cross-impact analysis makes an effort to link associations between variables and events.
What is cross-impact analysis?
Cross-impact analysis makes an effort to link associations between variables and events. The most probable or likely events or scenarios within a certain time frame are determined by categorizing these relationships as positive or negative in relation to one another.
Theodore Gordon and Olaf Helmer created the cross-impact analysis methodology in 1966 to assist determine how links between events might affect subsequent occurrences and lessen future uncertainty.
Read more about cross-impact analysis
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Answer:
A. Demand shifts to the right, price rises, quantity rises.
Explanation:
In economics demand shifts as a result of other factors except for price.
In this instance the statement by the surgeon general on how hats reduce skin cancer will result in a demand shift to the right.
The effect of this is the demand for hats will increase, the prices will also increase. This is illustrated in the attached diagram.
Demand shifts from D1 to D2, price increases from P1 to P2, and quantity increases from Q1 to Q2