The component of an environmental scan which pertains to the income, expenditures, and resources affecting the cost of running a business or household is called economy.
An environmental scan refers to an industry analysis where one discusses external environmental factors that have, or could have, an impact on a business operations. This scan is done to identify and interpret potential trends occurring outside the organization.
An economy is a area of production and consumption activities that determines how resources are allocated among all of its participants. An economy is usually region-based, for instance, a country or a town. Thus, it is the component of an environmental scan.
Hence, a country's economy is the wealth that it gets from business and industry.
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Answer:
$15,700
Explanation:
The computation of the net profit after taxes is shown below:
Sales revenue $125,000
Less: Cost of goods sold - -$42,300
Gross profit $82,700
Less: Operating expenses
One time part assistant $52,000
Administrative expenses $400
Utilities expenses $900
Total operating expenses -$53,300
Net Profit before tax $29,400
Less: income tax expense -$13,700
Net profit after tax $15,700
Answer:
Brazil has comparative advantage in Ethanol.
Both US & Ethanol can gain from trade, if they specialise in their good of comparative advantage & import the other at lower opportunity cost.
Explanation:
Comparative advantage is when an economy can produce a good with lesser opportunity cost than other economy.
Brazil can produce ethanol at lower opportunity cost, as it uses lesser resources to produce Ethanol, compared to US.
So, Brazil has comparative advantage in producing ethanol. Both US & Brazil can gain from specialisation : As, US can get more ethanol at lesser than domestic opportunity cost. And, Brazil can also gain from trade by importing the good in which US has better opportunity cost & comparative advantage, in exchange of exported ethanol. It would imply Brazil would get more of the other good at lesser than domestic opportunity cost.
Answer:
I need some points please
Answer:
a. "Not deductible"
b. "Not deductible"
c. "Not deductible"
d. "Deductible"
e. "Not deductible"
f. "Not deductible"
Explanation:
Expenses to be deductible ( especially for tax purposes) must pass the WREN test where;
W stands for wholly
R stands for reasonably
E stands for exclusively
N stands for necessarily
Looking at the expenses incurred and paid for by Doug during the year, the $50 ticket for running a red light is not a necessary expense as an adherence to traffic signs would have prevented such an expense. it can also be said that the expense was not reasonably incurred. This also applies to options b and c. Parking at the handicapped space is completely avoidable (necessity test) and as such the $100 would not have been incurred. While the $200 paid to the attorney for representation in court is an offshoot of options a and b. This would not have been incurred if the first two incidences were avoided.
Option c is deductible as the $500 paid is wholly for the business, reasonable, exclusive and necessary. As such, the expense is deductible or allowable. Options e and f are not related to business and are incurred on personal grounds which are avoidable hence, these expenses would not pass the WREN test.
