Which method for calculating a credit card balance does not take into

When firms are faced with making strategic choices to maximize profit, economists typically use a. the theory of monopoly to mod

stepladder [879]

Answer:

The correct answer is option c.

Explanation:

Game theory is a tool in economics. It helps to understand the situation in cases where rational players interact and act in a strategic manner. For instance in an oligopoly market where there are few firms, which are interdependent.

These firms or producers are rational players who have to decide output and price level in order to maximize their economic profits.

The theory of monopoly can be applied only in case of monopoly market. The cartel theory is applicable if firms have formed a cartel. Aggressive competition model is not always necessary.

So, the correct answer here will be option c.

6 0

3 years ago

true or false: self-employed taxpayers pay the employee portion of the fica tax burden through self-employment taxes, but they a

Contact [7]

self-employed taxpayers pay the employee portion of the fica tax burden through self-employment taxes, but they are exempt from paying the employer portion . This statement is false.

Tax payment for self employed?

The practice of working independently rather than for an employer is known as self-employment.If a person chooses to be recognized as a self-employed individual or is generating income for which a tax return must be filed, tax authorities will typically view them as such.The crucial question for tax authorities in the real world is not whether a person is engaged in a business activity—which is still referred to as "trading" when referring to the provision of a service—but rather whether the activity is profitable and, as a result, potentially subject to taxation.To put it another way, the tax authorities generally ignore occasional and hobby- or enthusiast-based economic activity because trading is likely to be ignored if there is no profit.People who work for themselves are typically referred to as sole proprietors (or sole traders), independent contractors, or partners.

to know more about taxation for self employment from the given link

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4 0

2 years ago

The following information is available for a company's utility cost for operating its machines over the last four months.

laila [671]

Answer:

Using the high-low method, the estimated variable cost per machine hour for utilities is $1.875/ machine hour

Explanation:

High Low Method is a method used to separate Fixed and Variable Costs Components of a semi-variable cost/overhead.

Step 1 : Establish 2 points - The Highest and The Lowest

High - March 2,640 hrs : $8,100

Low - April 720 hrs : $ 4,500

Step 2 Calculate the variable Cost Component

Variable Costs = Overhead Cost difference /Activity difference

= ($8,100-$4,500)/(2,640hrs-720hrs)

= $3,600/1,920hrs

= $1.875/hr

4 0

3 years ago

Rockefeller consolidated what appeared to be a dying petroleum industry that was given new life by the internal-combustion engin

leva [86]

Used to feed the machine where there is a transformation of chemical energy into mechanical energy. Rockefeller implanted the internal combustion engine that was a type of engine that runs on fuel, it is produced inside an internal combustion chamber inside the machine. This type of engine opened a world of possibilities within the transport industry and raised the oil industry.

7 0

3 years ago

Cash Flow from Operating Activities (Indirect Method) The Arcadia Company owns no plant assets and had the following income stat

mario62 [17]

Answer:

Sales revenue $1,235,000

Cost of goods sold $871,000

Wages expense $273,000

Rent expense $54,600

Utilities expense $19,500

Net income $16,900

End of Year Beginning of Year

Accounts receivable $83,200 $76,700 ($6,500)

Inventory $78,000 $111,800 $33,800

Prepaid rent $10,400 $9,100 ($700)

Accounts payable $28,600 $36,400 ($7,800)

Wages payable $11,700 $7,800 $3,900

Arcadia Company

Cash flow from Operating Activities

Net Income $16,900

Adjusting entries to reconcile net income $22,700

Decrease in inventory $33,800
Increase in wages payable $3,900
Increase in accounts receivable ($6,500)
Increase in prepaid rent ($700)
Decrease in accounts payable ($7,800)

Net cash flow from operating activities $36,900

4 0

3 years ago