Answer:
Option (d) $5,000,000
Explanation:
Data provided in the question:
Reported revenues = $50,000,000
Operating expenses = $47,000,000
Net income = $3,000,000
Payroll costs included in the operating expenses = $15,000,000
Combined identifiable assets of all industry segments = $40,000,000
Now,
If the revenue derived from sales to any single customer is 10% or more of the revenue of an enterprise then the amount of revenue from each customer shall be disclosed.
Therefore,
Grum should disclose major customer data if
sales to any single customer amount at least = 10% of Reported revenues
= 10% of $50,000,000
= $5,000,000
Option (d) $5,000,000
Answer:
Explanation:
a. "not in the labor force" since she is neither working or looking for a job and instead is studying
b. "employed", currently works as a tennis coach
c. "unemployed", she does not have a paying job yet but is looking for one
d. "not in the labor force", does not have a job and is not looking for one at the current moment in his life.
The correct option is, the quantity of tires bought and sold in the market is reduced.
<h3>When tires are taxed and sellers of tires are required to pay the tax to the government?</h3>
- The amount of tires purchased and sold on the market decreases when tires are taxed and tire vendors are compelled to pay tax to the government.
- The loss of consumer and producer surpluses that are not accounted for in government revenue.
<h3>When a tax is placed on a product the price paid by buyers?</h3>
- In general, taxes increase the price consumers pay, decrease the price sellers receive, and decrease the amount of goods sold.
- A tax must result in a deadweight loss if it is imposed on a good and sales volume is decreased.
<h3>What is deadweight loss?</h3>
- The cost of market inefficiency, which happens when supply and demand are out of balance, is known as a deadweight loss.
- Deadweight loss, a term mostly used in economics, refers to any deficit brought on by an ineffective resource allocation.
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Answer: B. Capital leases do not transfer ownership of the asset under the lease, but operating leases often do.
Explanation:
When using Capital Leases, the lessee will record the lease as if it were their own asset and as a result will also depreciate it. The lessee will also create a long term liability on their balance sheet for the asset.
Capital leases usually also involve a transfer of ownership to the lessee at the end of the lease term. Operating Leases on the other hand do not have these features. They are more like a rental of an asset and as such are recorded as a rental expense in the books of the lessee. The ownership remains with the lessor in an Operating Lease and the asset will be returned once the lease period is over.
Answer:
political union.
Explanation:
Political Union is defined as a political entity that is made up of different states. Usually the different stages come together to form. The political Union in a process called unification.
Lumberne is a continent comprising 18 countries.each country is politically independent, governments of at least 12 countries are negotiating to form a common government. Lumberne is a free trade area and an economic union including all 18 countries as members of free trade.
This is an example of a political Union.
