Answer:
$2100
Explanation:
Net loss = $5000
Taxable income = $15000
Tax rate = 21%
Fast Rocket's total tax for both years is determined by
Taxable income minus net loss multiplied by tax rate
= $(15000-5000) × 21%
= $10000 × 0.21
= $2,100
Fast Rocket's total tax for both years = $2100
Answer:
Oligopoly
Explanation:
An oligopoly can be defined as a market structure comprising of a small number of firms (sellers) offering identical or similar products, wherein none can limit the significant influence of others.
Hence, it is a market structure that is distinguished by several characteristics, one of which is either similar or identical products and dominance by few firms.
The characteristics of an oligopolistic market structure are;
I. Mutual interdependence between the firms.
II. It's a market that is typically controlled by many small firms.
III. Difficult entry to new firms.
In this scenario, four major breakfast cereal companies share a majority of the cereal market (identical or similar products) such as Kellogg, Post, General Mills, and Quaker. Thus, this is an example of an oligopoly.
Answer: Planning
Explanation: Planning refers to the function of management that focuses on setting future goals and procedures to achieve those goals. This is a highly critical process and is performed by the senior most managers of the organisation.
In the given case, the management is trying to assess whether they should shift the production process or not. Thus, they are deciding for the procedure to be performed in production process.
Hence we can conclude that they are performing the planning function.
Answer: 399,055 patents hope this helps
Explanation:
