Answer:
'Retained income'.
Explanation:
We have been given that Crawford Fishing had a net income of $35,640 in 2017. They decided to pay $3,000 in dividends and keep the rest to help expand their production line.
We know that the net income that remains after paying dividends is known as 'Retained income'.
We also know that retained income can be used to pay off debts or it can be invested into business activities.
Therefore, the profit that Crawford Fishing keep to reinvest in the business is recorded as retained income.
The law of increasing opportunity costs is reflected in a production possibilities curve that is concave to the origin.
Answer:
Option ( b ) $57,000
Explanation:
Data provided in the question:
Net income = $300,000
W-2 wages = $120,000
Assets with unadjusted basis = $75,000
Taxable income before the QBI deduction = $285,000
Now,
The QBI deduction for 2019 will be given as 20% of the qualified income i.e the taxable income before the QBI deduction
Therefore,
The QBI deduction for 2019 = 20% of $285,000
= 0.20 × $285,000
= $57,000
Hence,
Option ( b ) $57,000
When personal income taxes is increased, there would be a decrease in consumption of $67.
<h3>What is the MPC?</h3>
The marginal propensity to consume is the proportion of the disposable income that is spent. When personal income taxes are increased, there would be a decrease in the disposable income. The decrease in disposable income would reduce the income avalialbe for consumption.
Decrease in consumption = 2/3 x $100 = $67
To learn more about marginal propensity to consume, please check: brainly.com/question/19089833
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Answer:
D, Self-serving bias
Explanation:
Self-servin bias is a process of perception that is defined as a tendency to see oneself in a highly favourable manner thereby maintaining and enhancing self esteem.
Simply put, self-serving bias is a condition in which one sees himself as more than he is to ensure that his self esteem stays intact and increases.
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