Answer:
Formal tax legislation is the process by which a proposed tax rule or tax change may become law in the United States. Formal tax legislation follows specific steps as defined by the U.S. Constitution.
Explanation:
Total cost per week = $3600
The correct option is <u>C.$3,600</u>.
<u>Explanation</u>:
<em><u>Given</u></em>:
Cost for constructing and purchasing the equipment for restaurant = $520,000
Minimum return = 10% of investment
Restaurant is opened = 52 weeks per year
No. of meals = 900 meals/per week
Cost of meal = $5
Expense for material and electricity= $600
Expense for weekly wages = $1000
Fixed cost per week = ([520,000(.10)]/52) + 1000 = 2000
Variable cost = 1000 + 600 = 1600
Total cost = Fixed cost per week + Variable cost
= 2000+1600 = 3600.
Total cost per week = $3600
Answer: Data mining
Explanation: Patterns and relationships as indicated are discovered through a technique known as data mining, which is defined as the use of a variety of statistical analysis tools in marketing research to uncover previously unknown patterns in data or relationships among variables. It is also given as a technique for searching large scale databases for patterns; used mainly to find previously unknown correlations between variables that may be commercially useful.
Answer:
Trade Bloc
Explanation:
Trade Bloc is a type of agreement between two sovereign nations in which barriers to trade are either reduced or totally eliminated between the two nations. This type of agreement can either be one agreement between several nations or a part of a regional organization.
So, the example of Iceland and Norway is an example of a trade bloc.
Macroeconomics is important because it allows the public to understand the economy as a whole, fiscal policy and global economic policy.
