Answer: $1,750
Explanation:
Incurring a health insurance cost of $5,000 or increasing salaries by $5,000 will have the same effect on the taxes because they will both be removed from the income before the taxes are calculated.
The reduction in tax in either case is:
= Expense * Tax rate
= 5,000 * 35%
= $1,750
Answer:
The correct answer is option B.
Explanation:
Profit maximization refers to the situation when a firm is able to maximize the total profit that it could earn through the production of goods and services.
The total profit is maximized when the marginal profit is zero or when the marginal revenue is equal to marginal cost. The marginal profit is the difference between marginal revenue and marginal cost.
If the marginal revenue is greater than the marginal cost the firm should increase production till both are equal.
In case, marginal revenue is less than the marginal cost the firm should stop producing more and reduce production till both are equal.
C if not please comment back :))
Answer:
See below
Explanation:
Assets, Liabilities, and Equity form the basis for preparing the balance sheet. They make the accounting equation of Assets= Liabilities + Equity.
<u>Assets </u>are the valuables a business owns. They can be in the form of cash, money in the banks, financial instruments, properties, machines, or motor vehicles.
<u>Assets will be</u>
<u>Liabilities </u>are what the business owes to third parties and supplies. Liabilities are usually in the monetary form, such as loans, rent, and accounts payable.
<u>Liabilities</u>
<u>Equity</u> is the owner's contribution to the business. They include capital and retained earnings.
Equity
- retained owners
- personal investment earnings,
