Answer:
The correct answer is (C)
Explanation:
Negative externalities occur when an individual or firm making a choice negatively affect other parties. A driver who recklessly drives a car on a busy highway is a negative externality because the amusement of the driver is negatively affecting other people. A negative externality arises when the benefit of a decision is less than the negative outcomes of that decision.
Answer:
c. lump-sum taxes are often viewed as unfair because they take the same amount of money from both poor and rich.
Explanation:
To understand this question, you have to first understand what lump-sum taxes are.
Lump-sum taxes are a system of taxes where everybody pays the same amount of tax no matter their economic status, or their actions. Basically, lump-sum taxes take the same amount of money from the rich and the poor, hugely increasing the burden on the poor and lessening that of the rich.
As an example, a lump-sum tax of $100 would require everybody to pay $100. To a person earning, say $120, that would be a huge hit, and be a huge burden on his normal life. However, to a rich person who earns, say, $10000, that would be much more easier for the rich person.
Hence, lump-sum taxes are often viewed as unfair because of the unfair advantage the rich have over the poor in tax-paying.
Hope this helped!
Answer: false
Explanation:
The statute of frauds requires some specific contracts types to be executed in writing. According to the statute, the contracts covered include agreements that involve goods worth over $500,
contracts for land sale, and also contracts that last for either one year or more.
Based on the scenario above, it is false as Jim's guaranty agreement with West Bank is enforceable under the Statute of Frauds
Answer:
c. $500,000
Explanation:
Given that :
Parker Corp. owns 80% of Smith Inc.'s common stock
During Year 1, Parker sold Smith $250,000 of inventory
Therefore; adjusted for inter Corp. sales = $250,000
The following information pertains to Smith and Parker's sales for Year 1:
Parker Smith
Sales $ 1,000,000 $ 700,000
Cost of Sales $400,000 $ 350,000
Total $ 600,000 $ 350,000
For the Unadjusted Cost of Sales of Parker and Smith = $400,000+$ 350,000
= $750,000
The amount that Parker should report as cost of sales in its Year 1 consolidated income statement = Unadjusted Cost of Sales - adjusted for inter Corp. sales
= $750,000 - $250,000
= $500,000
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Core goods and services: through connectivity and adaptability, they meet the unique demands of each client for a seamless experience. All goods and services shall be made as cost-effective and environmentally friendly as possible.
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In this extremely fragmented and fast-growing economy, the service industry in China is becoming the undisputed market leader.
Core values and concepts form the foundation of our culture. We never err on the side of our core values. They consist of sustainability, quality, and safety. The core of our culture is comprised of our values, which stand for the attitudes and actions that KONE wants to encourage.
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