Answer:
Macro environment
Explanation:
The macro environment refers to external factors of the organization that can affect its performance and results. For a company it is important to study this factors to know the environment in which it is going to work and be able to develop strategies and goals that adjust to this.
Answer and Explanation:
The Journal entry is shown below:-
March 20
Accumulated depreciation - Delivery Truck Dr, $1,890
To Cash $1,890
(Being the replacement of transmission and capitalizing the transmission cost is recorded)
June 11
Delivery Truck Dr, $1,350
To Cash $1,350
(Being the installation of hydraulic lift and capitalization of installation expenses is recorded)
November 30
Repairs and Maintenance Expense Dr, $55
To Cash $55
(Being the payment for changing the oil and air filter is recorded)
<span>A fast-food restaurant decides to raise the price of its hamburgers. assume the firm is in a monopolistically competitive industry. what will happen to the demand for its hamburgers? When the fast-food restaurant raises the price of hamburgers, some customers may stay and pay the higher price because they want that specific brand of hamburgers, other may go elsewhere to find them cheaper.
When prices raise, some customers stay because they are attached to that specific company, others leave because they want a burger but for a lower price.
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Answer:
(a) His AGI is $103,300.
$2,000 since only one of your daughters qualifies for the child tax credit (must be under 17 at year end).
(b) His AGI is $426,200.
$2,000 - (27 x $50) = $2,000 - $1,350 = $650
For 2018, the income threshold to qualify for the child tax credit increased to $400,000, and it starts to fade away up to $440,000. It phases out $50 per each $1,000 of additional AGI.
(c) His AGI is $428,900, and his daughters are ages 10 and 12.
($2,000 x 2 children) - (29 x $50 x 2 children) = $4,000 - $2,900 = $1,100