Answer:
January 1, 2020
Explanation:
An S corporation isalso called small business corporation. It is a type of company that shields its owners in the case of liabilities. The owners are not directly liable for obligations of the corporation.
A calenders year of a company is defined as the fiscal year in which a company makes profit and declares a profit or loss within that time frame.
If shareholders file a revocation statement on March 20, 2019, to terminate their S corporation's S election, they will have to wait till the end of the fiscal year before the S corporation is terminated.
That is on January 1, 2020.
Answer:
The answer is: B) The reduction in economic surplus resulting from a market not being in competitive equilibrium.
Explanation:
Deadweight loss is an economic cost to society as a whole when market inefficiencies occur preventing it from reaching its equilibrium point. Market inefficiencies are caused by incorrect allocation of resources.
For example if a price ceiling is established, suppliers will tend to lower the quantity supplied while the quantity demanded either increases or stays the same. That economic deficiency resulting from an unsatisfied demand is what we call deadweight loss.
Other causes for deadweight loss are price floors (reduction of the quantity demanded) and taxation (shifts on the demand or supply curves).
Answer:
106,200 units
Explanation:
During August,
Department Z started and completed = 90,000 units
Finished units = 18,000 units
Ending inventory = 26,000 units
The number of equivalent units of production for Department Z during August:
= Started and completed units + (25% of finished units) + (45% of Ending inventory)
= 90,000 + (18,000 × 0.25) + (26,000 × 0.45)
= 90,000 + 4,500 + 11,700
= 106,200 units
Answer:
Explanation:
The government needs to be on top of these situations because each of these factors plays a huge role in the wellness and size of a population. A market economy needs a certain healthy and large population in order to function correctly. The population needs to produce the products and services while at the same time purchasing those products and services from one another in order for the market cycle to function. If such factors as disease and pollution make people sick it will severely cripple the market economy.
Answer:
Monthly installment = $2,202.17
Explanation:
<em>Loan Amortization: A loan repayment method structured such that a series of equal periodic installments will be paid for certain number of periods to offset both the loan principal amount and the accrued interest.
</em>
The monthly installment is computed as follows:
Monthly installment= Loan amount/annuity factor
Loan amount = 200,000
Annuity factor = (1 - (1+r)^(-n))/r
r -monthly rate of interest, n- number of months
r = 1% = 0.01, n = 20× 12 = 240
Annuity factor = ( 1- 1.01^(-240) )/0.01
= 90.81941635
Monthly installment = 200,000/90.819
= 2,202.172
Monthly installment = $2,202.17
