Answer: Producers driven by the profit motive seek to reduce their competition
Explanation: The government need to regulate the free market to protect competition because producers driven by the profits motive seek to reduce their competition. The government needs to regulate the free market to protect competition when companies form monopolies, the consumers enjoy when there is competition among producers of products as there is variety to choose from, reasonable prices would be charged etc.
<span>The discount rate is the interest rate charged to commercial banks and other depository institutions on loans they receive from their regional Federal Reserve Bank's lending facility--the discount window. :)</span>
Answer:
Deferred tax asset = $2100
Explanation:
Deferred tax asset will be created since deduction allowable for tax purposes in current year is in less amount, the other $6000 deduction for warranty expenses will be allowable in future years. Hence, it has deferred tax asset of [(8000-2000)x35%] $2100.