If corporate tax increases then businesses would make up for the loss of profit due to this raise in taxes by charging consumers a higher price, therefore reducing Aggregate expenditure as fewer people buy the product at the higher price, probably because some would rather buy cheaper imports or because some cannot afford it at all now due to the higher price.
Another thing the business might do to make up for the loss in profit due to the raise in taxes is they might lay off some employees thereby making those fired employees incomes fall to zero, they may also reduce the remaining employees wages or salaries so that business costs fall and a good profit level is reached for the business.
Answer:
He may still be covered in some cases.
He faces more risk than insured people do.
He may have to take precautions but many factors are beyond his control.
Not being able to afford insurance was a factor in him not being covered.
Explanation:
I got it correct
Answer:
$226,000
Explanation:
The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:
Cash flow from Operating activities - Indirect method
Net income $240,000
Adjustment made:
Less: Increase in accounts receivable - $9000 ($41,500 -$32,500)
Less: Decrease in accounts payable -$5,000 ($54,000 - $59,000)
Total of Adjustments - $14,000
Net Cash flow from Operating activities $226,000
Answer:
Local market conditions or Local environmental conditions.
Explanation:
The answer is - Local market conditions or Local environmental conditions.
Reason -
Decentralized organizational structures often have several individuals responsible for making business decisions and running the business. Decentralized organizations rely on a team environment at different levels in the business. Individuals at each level in the business may have some autonomy to make business decisions.
Answer:
There will zero economic profits in the long run.
Explanation:
Monopolistic competition is a market structure where there is a large number of firms producing differentiated products. There is very low or no restriction on the entry and exit of firms in the market.
The market for plumbing services in a city is a monopolistic competition. An increase in the market demand will cause the price to increase. This will cause an increase in the profits of the existing firms.
In the long run, new firms will enter the market, increasing the market supply. This will cause the price level to decrease till all the firms are having zero economic profits.
