Answer:
it all depends on the interest rate you and your uncle agree too because its from a private party, if it was from the bank on the other hand you could expect anywhere from a 5-18% interest rate depending on your credit and a few other factors
Explanation:
A tariff by definition is a tax to be paid on a particular class of imports or exports. so if people had to start paying extra for imported cars the demand for imported cars would be reduced and the demand for more domestic vehicles would rise.
True it can. just depends on the product/ services it offers
Answer:
Jane's economic profit is $5,000.
Explanation:
Jane decides to open a business of her own and earns an accounting profit of $50,000 in the first year.
She turned down three job offers with salaries of $30,000, $40,000, and $45,000 to start her business.
Here, the opportunity cost of doing business is $45,000 as the opportunity cost is the cost of giving up the second-best alternative.
The accounting profit does not consider implicit or opportunity cost. But in the calculation of economic profits, the implicit cost is considered.
Economic profits
= Accounting profit - Implicit cost
= $50,000 - $45,000
= $5,000
Answer:
The taxable amount at an ordinary rate = $5000
Explanation:
The selling price of a property in 2019 is = $28000
The depreciation on the property = $5000
Original purchased price of property = $15000
Adjusted tax = an orginal price – depreciation
Adjusted tax = 15000 – 5000 = $10000
Gain = selling price – adjusted tax
Gain = 28000 – 10000 = $18000
The part of gain ($18000) that is taxable as ordinary rate = $5000
Here, $13000 will be taxed as section 1231 as a gained tax at capital gain rate.