Answer:
In deciding how many hours to work, Beulah will make a choice that maximizes her utility; that is, she will choose according to her preferences for leisure time and income.
Explanation:
People obtain utility from products they purchase and they also obtain utility from leisure time (leisure time is the time not spent at work). Generally, for people with low wages react to a higher wage by supplying a greater quantity of labor but for higher wages people who can earn so much that respond to a still-higher wage by working fewer hours.
It seems that you have missed the necessary options for us to answer this question so I had to look for it. Anyway, the answer that would best complete the given statement above is the word CLASSICAL. <span>While discussing approaches to boost organization productivity, rene, the president of an auto manufacturer, was interested in a rational approach that through the application of scientific methods, time and motion studies, and job specialization found it is possible to increase productivity. This is the essence of the CLASSICAL viewpoint. Hope this helps.</span>
Answer & Explanation:
Depreciation a/c ...dr
Loss a/c .....dr
Charity a/c .. dr
To machine a/c
- Machine amount = Machine cost value (eg, lets suppose = 2,000,000)
- Charity amount = fair value of machine at time of donation = 1,4300,000. It is the amount that could have been otherwise received on machine sale, but is given as charity.
- Accumulated depreciation is the total depreciation on machine upto date (eg, lets suppose = 5,00,000)
- Loss = (Machine cost - accumulated depreciation) - current fair value
Eg: If cost = 2,000,000 & accumulated depreciation = 5,00,000. Machine value should be = 2,000,000 - 5,00,000 = 15,000,000. The fall in value from 15,000,000 to 1,430,000 = 70,000 is loss on machine disposal.
Answer:
the current income tax expense or benefit is $103,583
Explanation:
The computation of the current income tax expense or benefit is shown below:
Current income tax expense is
= (pre - tax book income - favourable temporary difference + unfavorable temporary difference + unfavourable permanent difference) × tax rate
= ($365,000 - $13,750 + $97,000 + $45,000) × 21%
= $493,250 × 21%
= $103,583
We assumed the tax rate be 21%
hence, the current income tax expense or benefit is $103,583
