The retaliating gas station has employed a<u> grim trigger</u> strategy.
<h3>What is grim trigger strategy?</h3>
Grim trigger strategy can be defined as the way in which a two parties or two people enter into an agreement in which because one of them decide to defect from the agreement and the second person as well defect from the agreement.
Based on the scenario we can say that the retaliating gas station has employed a grim trigger strategy.
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Answer:
a. True
Explanation:
The entrepreneurs who are potential wants them to surround themselves with the people who are more smarter with them so that they would feel more challenging due to which they make the plans accordingly also it keeps the eye to the people what they are doing so accordingly they would make the strategies in order to capture the market share
therefore the given statement is true
Answer:
Becky and Clancy are optimizing over their choice of fruit
Explanation:
In order to find which these consumers are optimizing over their choice of fruit we would have to use the following formula:
Marginal utility of apples/Marginal utility of pears=price of apple/price of pear
For Alex
=5/9>1/2
For Becky
=5/10=1/2
For Clancy
=4/8=1/2
For Eileen
=4/10<1/2
For Hubert=3/4>1/2
Therefore, only Becky and Clancy are optimizing
Answer:
$1,027.86
Explanation:
Total Taxes = Federal Income Tax + FICA-SS Tax + FICA-Medicare Tax
Total Taxes = $680.70 + ($4,538.00 × 0.062) + ($4,538.00 × 0.0145)
Total Taxes = $680.70 + $281.36 + $65.80
Total Taxes = $1,027.86
Therefore the total amount of taxes withheld from the Trey’s earnings is $1,027.86
Answer:
Deferred Tax Liability= $564,000
Explanation:
The question is to determine the deferred tax liability to recognize by Sunland Co. at the end of the year 2017.
Step 1 :
We determine what the Income tax expense is for the year
Income tax expense= Pretax financial income x Income Tax rate
Income tax expense= $1,410,000 x 0.30 = $423,000
Step 2:
Although we recognized receivables as well as instalmental sales for reporting purposes under the accrual method. However, these will be subject to tax when we decide to recognize it in the future.
As such Deferred tax liability = Future Tax Liability
Deferred Tax liability for Sunland Co= Instalmental Sales x Income tax expense
= $1,880,000 x 0.3= $564,000