A warranty is a form of consensus between the customer and the manufacturer that the product is able to deliver the function in a period of time. In this case, the phrase given means not exactly twenty people. Usually, the number of people are just estimated from the normal individual serving and the serving of the whole platter.
Answer:
True
Explanation:
While a sole proprietor is expected to report his business income or loss on his personal tax form as the business is not considered for separate tax , a c corporation shareholders are taxed based on the dividends received from the business profit and the entire profit taxed for the corporation tax.
As no profit was distributed to the owners , there was no personal tax basis for Lucy but only the corporation tax that will be charged on the business net profit.This could have been a tax avoidance method adopted by Lucy to reduce his tax liabilities as a sole share holder.
Answer:
a)
<em>The value added at each stage</em>
Stage Value added($)
1 1000
2 (2000-1000) = 1,000
3 (6,000- 2000) = 4,000
4 (10,000 - 6,000) = 4,000
b)
The amount by GDP is increased = $10,000
c) Reduce GDP
Explanation:
Gross domestic product (GDP) which is the total market value of all the final goods and services produced in a country over a given period of time. The GDP can be calculated using the value added approach.
Here the GPD figure is ascertained by summing the amount of additional value created by each factor of production at each stage of the production process of the final product.
a)
<em>The value added at each stage</em>
Stage Value added($)
1 1000
2 (2000-1000) = 1,000
3 (6,000- 2000) = 4,000
4 (10,000 - 6,000) = 4,000
b)
The amount by GDP is increased = $10,000 which is the total value added or the market value of the final goods
c)
If the lumber were imported it would be deducted from the value of export and thus reduce GDP. Remember that GDP is the market value of all good and service produced within a given country over certain period of time .
