Short-run macroeconomic equilibrium is when (Hint: Be careful! Be sure to return to the general definition of equilibrium):

After initially self-publishing his debut novel, The Martian, author Andy Weir continued to revise and improve later versions of

Anna35 [415]

Answer:

The correct answer is letter "A": Guide product development with customer feedback.

Explanation:

Companies make market researches before starting the manufacturing of a product. However, even if a study has been conducted to have a clear idea of what consumers want, the initial product offered may not meet customers' needs for different reasons.

In such a case, <em>companies should take advantage of the feedback clients can provide about the product so those suggestions can be considered into the production process which will result in an output that matches better consumers' expectations.</em>

8 0

3 years ago

Justification for the method of determining periodic deferred tax expense is based on the concept ofa. Matching of periodic expe

sukhopar [10]

Answer:

c. Recognition of assets and liabilities

Explanation:

Determining periodic deferred tax is a consequence of difference of tax as per book profit and profit as per income tax norms.

Thus recognition of deferred tax asset or liability is matching of assets and liabilities, as when we recognize deferred tax asset as in the condition that the tax payable as per income tax is less and as per books is more than deferred tax asset arises.

In this case we recognize the asset, then against that asset recognized is income tax payable, further income tax payable is set off against this asset and income tax expense.

6 0

2 years ago

On January 1, 2019, Richard Corporation acquired machinery at a cost of $750,000. The corporation adopted the double-declining b

butalik [34]

Answer:

The depreciation for the year 4 is $54,857.

Explanation:

The double declining depreciation method would be used which is as under:

Double Declining depreciation = (Cost - Acc. Depreciation) * 2 / Useful life

Now by putting values, we have:

Y1 Depreciation = ($750,000 - 0) * 2 / 10 years = $150,000

Y2 Depreciation = ($750,000 - 150,000) * 2 / 10 years = $120,000

Y3 Depreciation = ($750000 - $150,000 - $120,000) * 2 / 10 years

= $96,000

Now from year 3 onward, the depreciation method was straight-line and which can be calculated as under:

Straight-line Depreciation = (Cost - Salvage value) / Useful Life

Here

Cost = $750000 - $150,000 - $120,000 - $96,000= $384,000

Remainder life is 7 years

Now by putting values, we have:

Y4 Depreciation = ($384,000 - 0) / 7 years = $54,857

5 0

3 years ago

If a taxpayer takes a trip within the United States which is primarily for business, the cost of travel to and from the destinat

attashe74 [19]

Answer:

The statement is true

Explanation:

Business expenses are deductible to the extent that they are incurred outside the tax home. Expenses related to business purpose are deductible. For example, meals and lodging expenses. Personal expenses are not deductible.

However, for cost incurred on travel to and from destination within tax home is considered business expenses and is not required to be prorated between business and personal expenses. IRS keeps a close eye on any business travel outside tax home as in this case expenses need to be prorated between business and personal use.

4 0

3 years ago

What is the relationship between aggregate supply, aggregate demand , and gross domestic product?

lukranit [14]

Aggregate demand over the long-term equals gross domestic product (GDP) because the two metrics are calculated in the same way. GDP represents the total amount of goods and services produced in an economy while aggregate demand is the demand or desire for those goods

8 0

2 years ago