Answer:
c. $107,600 taxable income: $23,672 tax liability.
Explanation:
Taxable Income calculation:
Taxable Income beginning $90,100
Add: gain on sales on Wal-Mart stock $13,000
Less: Loss on sale of PG&E stock $7,000
Add: Gain on Cisco common stock $11,500
Taxable Income at end $107,600
Answer:
The correct answer is: Materials Price Variance: Production Manager
Materials Quantity Variance: Purchasing Agent
Explanation:
The production manager had to buy the materials that are commonly used, as this is an item of great importance in the process of converting the materials, since otherwise there is a risk of becoming waste due to their quality. In the case of the variation presented, each manager or person in charge of the area must supervise that the measurements are well calculated, and that the aspects related to the direct process must be effectively ensured for the good of the operation.
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Answer:
lower investment and raise the interest rate.
Explanation:
If consumers have positive economic expectations, then their marginal propensity to consume (MPC) will increase. That means that for every disposable dollar, a greater proportion will be used to consume goods and services and a smaller proportion will be left for savings.
Since private savings = investment, as the MPC increases, investment decreases. Since total savings decreases, the total amount of money available for borrowing and investing will decrease. Since the supply of available funds decreases, then the price of money (interest rate) will increase.
Answer: Option (d) is correct.
Explanation:
Producer surplus is associated with the producer of a good. Graphically, producer surplus is the area between the upper portion of supply curve and equilibrium price level. Producer surplus is also defined as the difference between the price at which sellers are willing supply and the actual price they received.
Producers surplus = Price paid by buyers - Cost of production
