Answer:
Option b. Differs from accounting income due to differences in interperiod allocation and
permanent differences between the two methods of income determination.
Explanation:
Corporation examples are joint stock companies, joint accounts, associations, insurance companies e.t.c.
A Corporation taxable income is simply defined as a part of its profits generated by corporations that is collected by the Federal and State government as an income tax. It is known as a direct tax. It is placed on the net income or profit of a corporate organization. The tax rate for corporation uses the slab rate system or method of taxation that is based on the type of corporate entity and the different revenues gotten by them individually.
Answer:
The four main functions of an economic system are,
a). Production: This is concerned with hat goods and services will be produced in the economy.
b). Allocation: This is concerned with how these goods will be produced, that is using labor intensive technology or capital incentive technology.
c). Distribution: This is concerned with whom the goods are produced, that is how the share of the economic pie will be distributed.
d). Regeneration: This function is concerned with allocating resources between consumption for present use and investment for future use.
Answer:
(a) True.
Explanation:
It should also be known that however, the firm is still responsible for the loan even if the receivables ultimately cannot be collected. The risk of default on the receivables is therefore borne by the firm. An alternative procedure is to sell the receivables at a discount to a financial institution known as a factor and let it collect the money. In other words, some companies solve their financing problem by borrowing on the strength of their current assets; others solve it by selling their current assets. Once the firm has sold its receivables, the factor bears all the responsibility for collecting on the accounts. Therefore, the factor plays three roles: it administers collection of receivables, takes responsibility for bad debts, and provides finance.
Answer:
C) Shows an inverse relationship between the price level and the quantity of all goods and services demanded.
Explanation:
Aggregate demand represents the demand for goods and services while its supply is called aggregate supply. Aggregate demand curve represents the total amount of goods and services demanded by an economy different price levels. Using a pictorial image, this curve has various axis: The vertical one represents the price level of the goods and services. This aggregate price level is determined through a Gross Domestic Product deflator. The horizontal axis represents the quantity of goods and services procured. All aggregate demand curves just like normal demand curves, slopes downwards which means that there is an inverse relationship between the price levels and the quantity demanded. The downward sloping of the aggregate demand curves and normal demand curves might be coincidental but with various reasons. The downward slope normal demand curves is caused by the assumption that prices of goods and services as well as the buyer's income are constant.
Downward slope in aggregate demand curves is assumed to draw reasons from the fact that government most at times are in charge of money supply. Another assumption involves interest rate and net exports.
It is a true statement that the appearance of a résumé can change drastically after it has been scanned.
<h3>How does the appearance of a
résumé changed?</h3>
The real appearance of the resume hardcopy can changed because they lighting and texture will be altered because of the lighting using by the scanning machine.
Therefore, It is a true statement that the appearance of a résumé can change drastically after it has been scanned.
Read more about résumé
<em>brainly.com/question/14178136</em>
