Answer: d) think at the margin.
Explanation:
A rational person is defined as some who makes decision with the intelligent thinking rather being emotional .This result usually results in sensible outcomes.
According to the Ten principles of Economics,it is supposed that a rational person tends to think intelligently and would prefer to make minute changes in the resources while taking decision so that optimal rate can be maintained and additional action can be further thought.
Other option are incorrect because purchasing items from smaller organization, sunk rate and average cost product equalizing with the price is not the decision ability of a rational person
Answer:
$3,240
Explanation:
Calculation for the annual tax liability on the property
Using this formula
Annual tax liability= (Tax rate× Real property )
Where= Tax rate =18 million
Real property=180,000
Let plug in the formula
Annual tax liability=( .018x180000)
Annual tax liability=$3,240
Therefore the annual tax liability on the property is $3,240
Answer:
German companies do not recognize the profit <u>until the project is completely finished and they have been paid.</u>
Explanation:
German companies prepare their accounting balances under IFRS standards (common for all EU member countries) and German GAAP.
Under IFRS standards, revenue must be recognized when the business satisfies a performance obligation.
German GAAP is very prudent in determining profits, that is why they are only recognized once a project is completely finished and it has been completely paid.
Some specific German rules are to starting to change due to globalization, but others are still subject to legal requirements.
