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3 years ago

13

Real Estate tax, a tax based on the value of the land and the buildings owned by its taxpayers, is a good example of _____. A. I

ncome tax b. Sales tax c. Property tax d. Wealth tax Please select the best answer from the choices provided A B C D.

1 answer:

sesenic [268]3 years ago

4 0

C is the answer property tax

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Specialization is important in an economy because it leads to which important economic concept?

rewona [7]

It leads to voluntary exchange.

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3 years ago

The Commonwealth of Virginia filed suit in October 2014, against Northern Timber Corporation seeking civil penalties and injunct

tatyana61 [14]

Answer:

Northern Timber Corporation

1. Journal entries to record the change:

Debit Litigation Liability $1,000,000

Credit Cash $600,000

Credit Litigation Loss $400,000

To record the payment of the litigation liability and the reduction of litigation loss by $400,000.

2. Northern can restate the 2014 and 2015 Retained Earnings to reflect the change in the litigation loss.

Explanation:

a) Data and Calculations:

Records of probable loss from ultimate settlement:

2014:

Loss—litigation 1,000,000

Liability—litigation 1,000,000

2016:

Agreed settlement = $600,000

Analysis of Entries:

Litigation Liability $1,000,000

Cash $600,000

Litigation Loss $400,000

4 0

2 years ago

Refer to the accompanying graph. If the market price for the product falls, then which of the curves would shift?A. MCB. ATCC. A

ella [17]

If the market price for a product falls, the curve that would shift would be the D. Curve D.

<h3>What curve shifts with market price ?</h3>

In the given graph, the curve that would shift as a result of a shift in the market price would be the demand curve or D. This is because this demand curve is a horizontal curve which makes it perfectly elastic.

A perfectly elastic curve will change demand when there is a change in market price as more people will be interested in the good or service and try to get more or it.

Find out more on shifts in curves at brainly.com/question/29730751

#SPJ1

6 0

1 year ago

Additional information provided by the company includes the following: 1. Current assets, other than cash, increased by $ 22

Alexandra [31]

Answer:

Net cash used in operating activities = $20,900

Explanation:

There is a prescribed treatment of increase in current assets and current liabilities, if there is any increase in current assets such increase is deducted from operating cash flow,

and any decrease in current liabilities is added as a step to calculate cash flow from operating activities.

Therefore with this we have

Net Operating cash Flow

Less: Increase in current assets = ($22,000)

Add: Decrease in Current Liabilities = $1,100

Net cash used in operating activities = $20,900

8 0

3 years ago

Read the scenario. The citizens of Country D have noticed that the average prices of most goods within their nation have begun t

Kazeer [188]

Answer:

stagflation

Explanation:

This country is undergoing a process of stagflation, which is the combination of stagnation in economic activity and high inflation. The recipe for stagflation is exactly as described. Decrease in real wages caused by the inflation process and decrease in consumption because agents are becoming poorer and more fearful about the future.

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3 years ago