Healthy competition among businesses is good for consumers.<br><br> True or False

Simone's (57) husband, Charles, died in 2017, and she has not remarried. Simone's mother, Lucy, lives in a nursing home. Lucy's

Naddika [18.5K]

Since Simone does not have any children and no one else lives with her, then, her correct and favorable filing status is Head of Household.

Basically, the filing status determines the amount of tax payable that a tax payer is liable to pay to the authority.

The filing status recognized in U.S. includes Single, Married filing jointly, Married filing separately, Head of household and Qualifying widow(er) with dependent child.

Since Simone does not have any children and no one else lives with her, then, her correct and favorable filing status is Head of Household.

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6 0

2 years ago

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If consumers view the output of any firm in a market to be identical to the output of any other firm in the market and the marke

hichkok12 [17]

Answer:

B. will be horizontal

Explanation:

A type of market where output is identical to the output of any other firm in the market and the market has many firms and transaction costs are low is the perfect competition.

The demand curve is horizontal because in this type of market, price is set by the forces of demand and supply. Buyers are sellers are price takers and they don't have any influence over prices. At the going market price, sellers sell all the quantities of their products.

But if they attempt to increase price, quanitity demanded would fall to zero as consumers would easily shift to other sellers. Also, there would be no incentive to reduce price because they would be earning a loss.

I hope my answer helps you

7 0

3 years ago

abares Corporation had these transactions during 2020. Indicate whether each transaction is an operating activity, investing act

scZoUnD [109]

Answer:

(a) Issued $50,000 par value common stock for cash = Financing Activities

b) Purchased a machine for $30,000, giving a long-term note in exchange. Financing Activities = Non-cash Investing and Financing Activity

(c) Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000 = Non-cash Investing and Financing Activities

(d) Declared and paid a cash dividend of $18,000 = Financing Activities

(e) Sold a long-term investment with a cost of $15,000 for $15,000 cash = Investing Activities

(f) Collected $16,000 from sale of goods = Operating Activities

Explanation:

The Cash flows related to raising of capital is known as Cash flow from Financing Activities.

The Cash flows related to growing and selling of Assets of the business is known as Cash flow from Investing Activities.

The Cash flow related to trade in Ordinary course business of the Company is known as Cash flow from Operating Activities.

7 0

3 years ago

What is the correlation between consumer spending, discounts, rising prices, and the economy

Nataliya [291]

Inflation is the correlating factor between consumer spending, discount, rising prices and the economy.

<h3>What is an inflation? </h3>

An inflation means a persistent rise in general level of goods and service in a particular year.

Inflation affects consumer spending because the purchasing power of currency reduces

Inflation affects discount rates

Inflation results to rising price of goods and services

Inflation gives the overall economy a hard time

In conclusion, an Inflation is the correlating factor between consumer spending, discount, rising prices and the economy.

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7 0

2 years ago

A coupon bond paying semiannual interest is reported as having an ask price of 117% of its $1,000 par value. If the last interes

Vinil7 [7]

Answer:

$1,195

Explanation:

Calculation the invoice price of the bond

Using this formula

Invoice price of the bond =Clean price + Accrued interest

First step is to find the clean price using this formula

Clean price=Bond amount par value×Ask price percentage

Let plug in the formula

Clean price =$1,000×117/100

Clean price=$1,170

Second step is to calculate for the accrued interest.

Since Semiannually means 6 month, and we were told that the last interest payment was made a month ago which mean we have 5 months left. Now let find the accrued interest using this formula

Accrued interest = Number of days in month ×(5months/6months)

Let plug in the formula

Accrued interest=30× (5months/6months)

Accrued interest =30×0.83333

Accrued interest =$25

The last step is to calculate for invoice price of the bond using this formula

Invoice price of the bond =Clean price + Accrued interest

Let plug in the formula

Invoice price of the bond=$1,170+$25

Invoice price of the bond=$1,195

Therefore the Invoice price of the bond will be $1,195

5 0

4 years ago

Healthy competition among businesses is good for consumers. True or False