Answer:
Firms need finance to:
start up a business, eg pay for premises, new equipment and advertising.
run the business, eg having enough cash to pay staff wages and suppliers on time.
expand the business, eg having funds to pay for a new branch in a different city or country.
Answer:
d. The $1,500,000 is not taxable because Detroit settled the case
Explanation:
The $1,500,000 is not taxable because Detroit settled the case, Compensation received of damaging Goodwill is not taxable.
Answer:
Explanation:
The government taxes packs of cigarettes both to discourage smoking and to raise tax revenue. The average excise tax on a pack of cigarettes is $2.50 per pack. The table below presents the annual demand and supply schedules, in billions of packs, both before and after the tax on packs of cigarettes.
Answer:
$3,500
Explanation:
Placing a stop-loss order at $165 means that the last amount that the stock traded, it had a price of $165 per share.
Based on that, it is evident that each stock has lost $35 when compared to the price at which the stop-loss order was placed and the initial cost per share of $200.
Loss per share=$200-$165=$35
The loss incurred on 100 shares of IBM=loss per share*number of shares owned
The loss incurred on 100 shares of IBM=$35*100
The loss incurred on 100 shares of IBM=$3,500
