Answer:
The correct answer is $24,500.
Explanation:
According to the scenario, the given data are as follows:
Total Account receivable = $100,000
Amount collected = $70,000
So, if there is sufficient taxable income, then assume tax rate to be 35%.
So, we can calculate the Gains tax by using following formula:
Gain tax = Amount collected × Tax rate
By putting the value, we get
Gain tax = $70,000 × 35%
= $24,500.
<span>I would tell Jenna that she first needs to research what the 7 on the bottom of the bottles means. This number is in reference to the specific type of plastic used in the bottles. She needs to make sure this plastic has not been deemed as dangerous for infants. Once cleared, she should thoroughly wash the bottles and use them.</span>
Answer:
Tell and Vorn
Explanation:
Based on the information given Lott will most likely prevail against TELL and VORN reason been that we were told that both TELL and VORN entered into an agreement on January 1 which means that both of them will be responsible for the DELINQUENT TAXES which has not been paid because Vorn occupy the building that was leased out to Tell from Lott Corp in exchange for the amount of $600 which will be monthly paid by Vorn to Tell, which means that in a situation were the taxes is said to be DELINQUENT TAXES in which neither of them paid the building's real estate taxes, Lott will most likely prevail against both TELL and VORN.
Answer:
Check the explanation
Explanation:
Marginal revenue is the revenue earned by selling an additional unit of output. Marginal Revenue for fifteenth unit of output is calculated as below.
Marginal Revenue= 
=
Marginal Cost is the additional cost incurred on producing additional unit of output. Marginal Cost for fifteenth unit is calculated as below.
Marginal Cost= 
The marginal revenue when the quantity is 25 is
The marginal Cost when the quantity is 15 is
The marginal profit of a monopoly is 0 when the marginal profit is equal to the marginal cost. The monopoly produces at an output where the marginal profit is equal to zero.
Thus, the output produced by the monopoly is
The corresponding price set is at $70.
120 units
A perfectly competitive market produces an output where the marginal cost is equal to
the average revenue. Thus a competitive firm produces
The corresponding price is set at $50.
130 units)
The monopoly price $70 is higher than the competitive firm's price $50.
Hence, the correct option is
Answer:
30 days after receiving notice of the changes
Explanation:
If the insurer offers to renew the policy on different terms, how long does the policyholder have to cancel the policy without being penalized?
An insurer is defined as- a person or company that underwrites an insurance risk; the party in an insurance contract agrees to pay compensation. Generally, the term insurer is synonymous with the term insurance provider or insurance company.
A policyholder is a person who buys an insurance policy. The policyholder is protected by the details in the insurance policy. He or she can add more persons to the policy depending on the type.
In most cases, a policyholder is allowed to cancel the policy within 30 days without been penalized for a short rate cancellation fee.
