Answer:
C) Households may save part of the additional income from the tax cut
Explanation:
When we consider the total household income there is always a major part that is spent, this is called propensity to consume. It is defined as the proportion of total income that consumers are willing to spend.
But propensity to consume doesn't include 100% of household income, there also exists the propensity to save. That is the exact opposite, is the proportion of our income that we will save for future use.
Luckily for us all, the propensity to spend is usually much higher than the propensity to save. We have to remember that private consumption represents nearly 70% of the nation's GDP.
What households save goes to investment in GDP. Investment is always needed but it represents future growth of the GDP while consumption represents current growth of the GDP.
Cloud computing is: A) an on demand service that helps to access shared computing and storage resources from anywhere using an internet connection.
An example is when you back up your iPhone to iCloud and store all your contacts, music, photos and other data from your phone into the cloud (cloud computing).
Let me know if you have any questions.
<span>Choice (d) is the most correct. When an auditor looks at the risks involved with possible misstatements (control risk and inherent risk), it helps him or her understand the detection risk that could stem from using the wrong procedures or making the wrong decisions during the audit.</span>
Based on the information given about Mr. Lainson, the taxable estate of the year will be $7,785,000.
The taxable estate for Mr Lainson will be calculated thus:
- FMV $12 million
- Less: Debt $450000
- Less: Funeral expense $15000
- Less: Legal fees $50000
- Less: Donation ($3.5 million + $200000) = $3.7 million
- Taxable estate = $7,785,000
The taxable estate of the year will be $7,785,000.
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Answer:
Correct statement is (B)
Explanation:
Marketing channel is the combination of all the people who are responsible for delivery or reach of the product from producer to the last consumer.
Thus, it is a chain from producer to wholesaler to retailer and then to consumer.
Marketing channel makes sure about the market present for the next level. That is for producers it provides wholesalers, for wholesalers it provides retailers and to retailers it provides consumers.
Thus, statement (B) is correct.
