Answer:
Cash payments for income tax = $165000
so correct option is C. 165,000
Explanation:
given data
Income tax = $175,000
beginning tax payable = $30,000
end of the year tax payable = $40,000
to find out
Cash payments for income tax reported on the statement of cash flows
solution
we get here Cash payments for income tax that is express as
Cash payments for income tax = Income tax + beginning tax payable - end of the year tax payable ..............................1
put here value we get
Cash payments for income tax = $175000 + $30000 - $40000
Cash payments for income tax = $165000
so correct option is C. 165,000
Answer:
B: 40%
Explanation:
Total shares = 2 + 1 + 2 = 5 million
percentage owned by me = 2/5 *100 = 40%
When there is no government involvement in answering the three basic economic questions this is Market Economy.
Market
<u>Explanation:</u>
When there is no government interventions in the market system or economy then it is known as Market Economy or Lassez faire.
Here the firms and household determine who sells the goods and who buys it and everything is carried out according to them and there is no government intervention like that of the command economy.
There is a lot of profit for the businessman as the consumers pay as high the price as they want to and no amount is given to the government.
Answer: Producer surplus, which is equal to the slope of the supply curve.
Explanation: The producer surplus is represented as the upper portion of the supply curve below the equilibrium price. It is the difference between the amount a producer is willing to sell a given commodity to the actual market price the good was sold at.
The extra benefit which the producer makes as profit when the market price at which the goods was sold at is greater than the amount the producer was willing to sell his goods.
