Answer:
b. III and IV
Explanation:
Diego has expected life of 6 month due to his liver disease. He wants to sell his life insurance policy to a company. If he sells the policy, when Diego dies the company will receive all the benefit and will be taxed at ordinary income tax rate. The proceeds are not tax free. In case if Diego sells the policy to his cousin, he will also be taxed on proceed. The tax will be ordinary income tax on the benefit from life insurance policy.
Answer:
did not rely on foreign oil
Explanation:
An electric car is considered as the latest advancement in the field of the automobile industry. The main focus behind introducing the electric car is pollution and dependency on foreign oil.
Both the above factors are important for any developing country. The pollution is main cause of polluting the environment globally hence it is a vital need to introduce something that produce less pollution. As we know when the oil burns it releases the carbon monoxide in the atmosphere which is the main cause behind raising the average temperature of earth atmosphere
On the other side, we have a dependency on foreign oil. We know that the government pays a huge amount of money in purchasing oil from foreign land thus by introducing an electric car we can save this amount of money and can be used for a different purpose
Answer:
Both countries can benefit from trade through specialization.
Explanation:
Specialization refers to the situation when an individual, organization or country focuses on available resources and instead of producing a lot of products, they produce what they may need.
A country achieves specialization by producing a greater quantity of the goods it can produce at lower opportunity cost.
Through specialization, both countries involved in trade can produce well in a larger quantities than they need to consume. They trade the excess goods and are able to consume at a point beyond their production possibility curve.
Answer:
(B) Cost of goods purchased
Explanation:
While a merchandising company buys goods from its suppliers (goods purchased) and adds this to its opening inventory to determined the quantity of goods it has available for sale (goods available for sale), a manufacturing firm makes the goods to be sold (goods manufactured) and add to its opening inventory of finished goods to determine the same metric (quantity of goods available for sale).
This relationship can be seen when the trading account of both firms are compared.
Answer:
Salary in year 2 = $54,379.31
Explanation:
<em>The Consumer price index is the weighted average of the cost of basket of good of goods and services consumed by a typical consumer in an economy. It is used to measure the rate of inflation rate.</em>
A rise in the price index implies inflation
Inflation is the increase in the general price level. Inflation erodes the value of money.
So we can determine the salary in the year 2 as follows:
2006 Salary in the base year terms=
CPI in the current year 2/CPI base year 1 × salary in the current year
190/174× 49,800 = 54,379.31
Salary in year 2 = $54,379.31
