Answer:
<u>(d)True, brokers often have inside information that is generally not available to the public. You should listen to her and profit from her inside knowledge</u>
Explanation:
- A broker is a person who has knowledge and expertise in his field of tradings and takes his commission for the services provided as these brokers also tend to have inside information and the success of the broker for the past five years proves this fact.
- Most of them typically have a formal license and proper training. Most of them are flexible and do dealing with face to face.
The thing which would happen if the United States government<em> </em>lowers the income taxes on the wealthiest Americans, while decreasing welfare payments to the poorest Americans is:
- There will be an increase in efficiency and a decrease in equality in the United States.
<h3>Equality</h3>
This refers to the system where members of a society have <em>equal access</em> to the basic amenities of society where they are and nobody is neglected and there is the abolition of social class.
With this in mind, we can see that when there is a decrease in taxes for the wealthiest Americans and reduction in welfare for the poorest Americans, then this would lead to increase in efficiency and also a decrease in equality.
Read more about equality here:
brainly.com/question/463498
Answer:
$3,000
Explanation:
Under the accrual accounting basis, revenue is recognized once the conditions for recognition have been met. This is when the goods have been transferred or the service has been rendered.
Similarly for cost, it is recognized once it is incurred and not necessarily when cash is paid.
Sales of $4600 on account - This will be recognized as revenue
Collected $2200 for services to be performed in 2019 - This is deferred revenue as the service is yet to be rendered.
Paid $1600 cash in salaries - This expense has been incurred.
Purchased airline tickets for $230 in December for a trip to take place in 2019 - This is a prepayment and not yet an expense in p/l.
Net income = sales - expense
= $4600 - $1600
= $3,000
Waterway’s 2018 net income using accrual accounting-basis after accrual is $3,000.
Answer:
The depreciation tax shield for this project in year 3 is $2668.76
Explanation:
Depreciation in year 3 = 14.81%*53000
= $7849.3
tax shield will = $7849.3*34%
= $2668.76
therefore, The depreciation tax shield for this project in year 3 is $2668.76
<span>Traditional economies do not use money or currency as a medium for trade.
Instead, such economies would use barter as the main medium for trade. This means that people would simply exchange goods for goods, without using money.</span>
