Pressure from consumer groups is encouraging some producers to develop more desirable products. The desirable products are products that take care of both the objectives are called desirable products. For example, body shop products are named desirable products because they offer short term gratification and also support the society.
Find the attachments sequence wise for complete solution
Answer:
Market failure
Explanation:
Market failure is the economic situation where goods and services are not evenly spread out on the market.
In question resources (location) is in favour of New Monopoly seaport and shipsbare forced to wait and enter the port.
Ideally, in a free market resources are to be efficiently distributed so that people do not have to go to only one place to get a good or service.
It is similar to a monopoly in the free market.
Answer: The correct answer is e) $32.
Explanation:
Petty cash fund. $300
Office supplies. (80)
Merchandise inventory. (160)
Miscellaneous expenses. (20)
Cash shortage. (8)
Balance in petty cash. $32
In terms of accounting entries,
Debit Office supplies. $80
Debit Merchandise inventory. $160
Debit Miscellaneous expenses. $20
Debit Cash shortage. $8
Credit Petty cash refund. $268
In the above entries, $268 would be refunded to petty cash fund to reinstate it to $300.
Answer:
The answer is: Gail's § 179 deduction for 2019 is $145,000
Explanation:
§ 179 of the IRS Code, allows taxpayer to either:
- deduct the cost of certain types of property from gross income taxes as an expense
- allow the cost of the property to be capitalized and depreciated.
If Gail had a § 179 deduction carryover of $30,000 and then she acquired an asset for $115,000, her total § 179 deduction for 2019 is $30,000 + $115,000 = $145,000
