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2 years ago

What agency provides a tax clearance receipt in the sale of a business?

1 answer:

3 0

It is the role of <span>Board of Equalization to provide tax clearance receipt a business sale. This agency is mainly responsible for the administration of tax and collection of fees. This agency will be the one to decide on how they will calculate the tax. </span>

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Suppose that a firm's production function is given by Q = KL(MPK = L and MPL = K), where Q is the quantity of output, K is units

Lelechka [254]

Answer:

Please find the detailed answer as follows:

Explanation:

Q = KL

Wage = 30

Rent or price per unit of capital = 20

a) A firm minimizes its cost at the point where marginal rate of technical substitution is equal to the ratio of the prices of inputs.

So, marginal rate of technical substitution = marginal product of labor / marginal product of capital = wage / rent

K / L = 30 / 20

K / L = 1.5

K = 1.5L

Q = KL

Putting the value of Q = 600 and K = 1.5L in the above equation,

600 = 1.5L x L

600 = 1.5L2

L2 = 600/1.5 = 400

L = 20 is the answer.

K = 1.5L

K = 1.5 x 20 = 30 is the answer.

So, 20 units of labor and 30 units of capital should be used by firm to minimize the cost of producing 600 units of output.

A firm minimizes its cost at the point where marginal rate of technical substitution is equal to the ratio of the prices of inputs.

So, marginal rate of technical substitution = marginal product of labor / marginal product of capital = wage / rent

K / L = 30 / 20

K / L = 1.5

K = 1.5L

Q = 1.23KL

Putting the value of Q = 600 and K = 1.5L in the above equation,

600 = 1.23 x 1.5L x L

L2 = 600 / (1.23 x 1.5)

L2 = 325.2

L = 18 approximately or rounded off.

K = 1.5L

K = 1.5 x 18 = 27

Total cost = (wage x units of labor used) + (rent x units of capital used)

= (30 x 18) + (20 x 27)

= 540 + 540 = 1080 is the answer.

8 0

3 years ago

According to _____________, as an entity separate and distinct from its owners, the corporation acts under its own name rather t

mario62 [17]

Answer:

According to _____________, as an entity separate and distinct from its owners, the corporation acts under its own name rather than in the name of its stockholders.

C) Separate legal existence

Explanation:

This separate legal existence means that before the law, a corporation is a distinct person, just like every other person, with rights and obligations. It can enter into binding contracts. It can perform business activities within the ambits of the law. It has its own name and personality that is not intertwined with those of the owners or stockholders. It enjoys a continuous lifespan that can only be liquidated under the laws.

3 0

2 years ago

a business must not only look at its direct competitors, but also must contend with those firms that offer a product that a cons

MAVERICK [17]

A business must not only look at its direct competitors, but also must contend with those firms that offer a product that a consumer might alternatively choose. Porter refers to this as the force of substitutes in the market.

<h3>What factors affect the market?</h3>

Supply and demand in an economy are regulated by government action as well as other causes such as social, demographic, cultural, economic, technical, political, and legal pressures. The supply of a product may be affected by the weather.

<h3>Why does the market operate the way it does?</h3>

The free-market system is driven by self-interest. For their own financial advantage, people manufacture commodities and services. The struggle for consumers' dollars is what is known as competition among producers.

To know more about factors market visit:

brainly.com/question/12183766

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4 0

8 months ago

Which of the following statements is true? A. In a job-costing system, average production cost is calculated for all units pro

Leviafan [203]

Answer:

C. In a process-costing system, each unit uses approximately the same amount of resources.

Explanation:

Option A is wrong because average production cost cannot be calculated for all units produced in a job-costing system. It is calculated from overhead allocation.

Option B is incorrect because overhead cannot be allocated to all units equally in the job costing method.

Option D is also false because, in a job costing system, individual jobs use different quantities of production resources. On the other hand, the process costing system uses the same amount of resources for each unit. Therefore, <em><u>option C</u></em> is correct.

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2 years ago

This year, Herb Partnership generated $740,000 ordinary business income. Herb has two equal partners: Savory LLC and Sweet Corp.

nekit [7.7K]

No equivalent fraction of the equation is instructions to follow and analyze the diagram below the complete 5509 50 507MLG equals 43.6%, MLI equals 46.4%, GH equals $35.81 calls equals style equation to the 4396 equals I’m

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2 years ago