Price fixing is an illegal agreement among firms to set a specific price for a good or service.
Price fixing is the act of two or more companies or entities colluding to agree upon a specific price for a good or service. This is illegal in most jurisdictions, as it can lead to higher prices for consumers and stifle competition.
There are several ways that price fixing can occur. One common way is for companies to agree to set a minimum price for their products or services. This means that no company will be able to sell their product or service for less than the agreed-upon price.
Another way that price fixing can occur is for companies to agree to divide up the market. This means that each company will agree to sell their products or services in a certain area or to a certain customer segment. This can prevent consumers from having access to the best possible prices, as they will only be able to buy from companies that are part of the price-fixing scheme.
Price fixing can have a number of negative consequences for consumers. It can lead to higher prices, less competition, and a decrease in the quality of goods and services. It can also harm small businesses, as they may not be able to compete with larger companies that are part of a price-fixing scheme.
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True or false: Electronic commerce is defined as the use of the Internet as an essential element of business activity.
Answer:
it's true............
What is the difference between a total and a subtotal?
Explanation:
SUB-TOTAL:
The total for a part of a list of numbers being summed.
TOTAL:
An amount obtained by addition of smaller amounts.
Answer:
subtotal is all the different parts being added together from different list.
total is the all items being added together plus tax.
Explanation:
what is the maximum price at which the country that importsis willing to pay for in terms of textiles?
11⁄2 units of textiles is the maximum price at which the country that imports is willing to pay for in terms of textiles.
The sum of money paid or the amount of compensation offered by one party to another in exchange for products or services is known as a price. The cost of production might take on numerous names depending on the circumstance. The price of a product is the amount that customers are willing to spend. While also taking into account supply costs, seasonal discounts, competitor prices, and retail markup, marketers must connect the price to the product's actual and perceived value. There will be other potential names for this product's name if the product is a "service," though. For instance, the bottom graph will display a few scenarios. Production expenses, the availability of the desired good, and consumer demand all have an impact on the price of a good. A monopolist may set the price or the market may impose it on the business.
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because a firm's entrepreneurs receive only the revenue left over after all other factors of production have been paid, they are considered ______.
Because a firm's entrepreneurs receive only the revenue left over after all other factors of production have been paid, they are considered residual claimants.
This means that they are the ones who bear the risk of any losses incurred by the firm and also have the potential to earn the profits. Unlike other factors of production such as labor and capital, entrepreneurs do not receive a fixed payment for their services.
Instead, they are rewarded based on the success of the firm. This arrangement incentivizes entrepreneurs to make decisions that maximize profits while minimizing costs and risks. It also makes them more accountable for the performance of the firm.
Therefore, being a residual claimant requires a certain level of entrepreneurial skill and willingness to take risks, as the rewards can be high, but so can the potential losses.
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Bruce is trying to decide which Human Services career he wants to pursue. He is just finishing high school and does not want to do much postsecondary education. Which career pathways should Bruce look into? Personal Care Services and Early Childhood Development Early Childhood Development and Family and Community Services Family and Community Services and Personal Care Services Consumer Services and Counseling and Mental Health Services
Answer:
Your answer shall be A.
sorry if im wrongExplanation:
Answer:
A
Explanation:
Monopoly profit will _____ when a monopolist goes from single-price monopoly to perfect price discrimination.
Monopoly profit will charge different when a monopolist goes from a single-price monopoly to perfect price discrimination.
Discrimination approach treating some humans differently from others. It is not illegal - after all, people are paid one-of-a-kind wages relying on their popularity and abilities. however, there are positive motives for which your company can not discriminate against you by regulation. If someone discriminates in a good way to satisfy a few other individuals' wishes, it's also discrimination.
An example of this is a landlord who refuses to permit a person with a sure incapacity to rent a rental because the alternative tenants do not want to have a neighbor with that disability. Discrimination takes place whilst people are dealt with less favorably than different humans are in a comparable scenario most effective due to the fact they belong or are looking as if it would belong to a positive organization or class of human beings.
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A group of persons for whom a firm develops and maintains a marketing mix suitable for the group's specific needs and preferences is commonly referred to as a target a. unit. b. segment. c. market. d. source.
A group of persons for whom a firm develops and maintains a marketing mix suitable for the group's specific needs and preferences is commonly referred to as a target a market
A target market is a set of people who have been identified as being the most probable potential customers for a product based on factors such as age, income, as well as lifestyle.
The goal of identifying a target market is straightforward: to gain a clear understanding of the potential customers who might buy a product or service in order to direct marketing efforts. Businesses that understand their target market can create marketing campaigns that reach and appeal to one‘s customer base.
This same four main types of market segmentation are demographic, psychographic, behavioral, and geographic segmentation, but there are many other strategies you could use, including numerous variations just on four main types.
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beginning inventory is $60,000. purchases of inventory during the year are $100,000. cost of goods sold is $120,000. what is ending inventory?
Answer:
Beginning inventory is $60,000. Purchases of inventory during the year are $100,000. Cost of goods sold is $120,000. What is ending inventory? $40,000
Explanation:
Personal jurisdiction can be asserted over a corporation within the geographical boundaries:
• a. where it is incorporated
• b. where it is headquartered
• c. where it is doing business
O d.where any one of the given requirements are satisfied
Answer:
D. Where any one of the given requirements are satisfied.
Most new jobs in the United States will be in the a manufacturing industries:
b. goods-producing industries
C. service-producing industries
d. agriculture-producing industries
Please select the best answer from the choices provided
Α
B
С
D
Answer:
d agriculture-producing industries
Most new jobs in the United States will be in manufacturing industries service producing industries. The correct option is c.
In the United States, manufacturing is an important economic sector. The United States is the world's third-biggest manufacturer (after the People's Republic of Chine and the European Union), with a record high real output of $2.00 trillion (adjusted for inflation in 2009 dollars) in Q1 2018, significantly above the $1.95 trillion peak before the Great Recession in 2007.The manufacturing industry in the United States employed 12.35 million people on December 2016 versus 12.56 million in December 2017, a 1.7% rise.
Manufacturing, while still a significant portion of the US economy, contributed less to GDP in Q1 2018 than the 'Finance, insurance, real estate, rental, other leasing' sector, the 'Government' sector, or the 'Professional and business services' sector.
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for some agile projects, are established, which is the maximum budget that should not be exceeded in the development of a given product or service. question 58 options: project accounts contingencies agile accounts ceilings scrum logs
The term used for the maximum budget that should not be exceeded in the development of a given product or service in some agile projects is "agile accounts ceilings".
Agile accounting is an iterative approach to financial management that provides the flexibility and adaptability needed in agile development. Agile accounts ceilings are the upper limit set for costs that should not be exceeded during the agile development process. These ceilings help project teams to track expenses and avoid overspending, ensuring that the project remains within budget. The agile approach emphasizes continuous planning and monitoring, so these ceilings are regularly updated as the project progresses. This allows the team to adjust plans and reallocate resources as necessary to stay on track and achieve the desired outcomes within the budgetary constraints.
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Yes, for agile projects, there is often a maximum budget that should not be exceeded in the development of a given product or service.
This is usually established during the planning phase of the project and is based on factors such as the scope of the project, the resources available, and the expected return on investment. This budget is important to ensure the project stays on track and within financial constraints, while still delivering a high-quality product or service. Some agile methodologies, such as scrum, may use tools such as project accounts and contingencies to help manage the budget and ensure that it is not exceeded. Additionally, agile teams may use logs and other tracking mechanisms to monitor progress and identify any budgetary concerns early on in the development process.
For some agile projects, a maximum budget is established that should not be exceeded in the development of a given product or service. This budget limit is often referred to as a budget ceiling.
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a) Investment is one of the drivers of economic growth. Briefly explain the factors upon which investment depend on. (10marks) b) What is a Business Cycle? With the aid of a graph, explain what causes recessions and its remedies in the Business cycle.
a) Factors upon which investment depends include interest rates, expected profitability, business confidence, government policies, access to financing, technological advancements, and market conditions.
b) A business cycle refers to the fluctuation of economic activity between periods of expansion and contraction.
a) Factors upon which investment depends include interest rates, expected profitability, business confidence, government policies, access to financing, technological advancements, and market conditions. These factors influence the willingness of businesses and individuals to invest in productive assets, such as capital goods and infrastructure, which contribute to economic growth.
b) A business cycle refers to the fluctuation of economic activity between periods of expansion (growth) and contraction (recession) in an economy. Recessions are caused by various factors, including a decline in consumer spending, reduced business investment, tightening of credit conditions, global economic downturns, or financial crises. During a recession, there is a decrease in economic output, increased unemployment, and a decline in overall economic activity.
Remedies for recessions in the business cycle often involve expansionary fiscal and monetary policies. Governments may implement measures such as increased government spending, tax cuts, and infrastructure projects to stimulate demand and boost economic activity.
Central banks can lower interest rates and employ quantitative easing to encourage borrowing and investment. The graph depicting a business cycle typically shows the alternating phases of expansion and contraction, with recessions marked by a downward slope in economic output and subsequent recovery through intervention and policy measures.
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When you put money into a checking account, you fill out a
signature card
reconciliation form
deposit slip
bank statement
Answer:
I believe it's deposit slip.
Explanation:
A deposit slip gives the bank the information it needs, in order to handle your money properly.
Hope this helps :)
Write any five methods of getting information of foreign employment and discuss any one of them.
Answer:
May it will help you
Explanation:
1) Notice board
2) Book of introduction
3) Institutions work working under the ministry of labour
4) Authority of human resources
5) Manifestos of training institutions
6)Web site
7) Newspapers
8) Public meeting :the manpower company, training institutions and institutions of public counseling are working in the field of foreign employment in nepal.
They come to the direct or indirect contact of people through various programmes of interaction, seminar, and meeting.
9)Radio and television
Foreign employment getting information through Notice board, Book of introduction, Authority of human resources, Web site, and Newspapers.
Who is Foreign employment?
Public meeting: When the manpower company, training institutions, and institutions of public counseling are working in the field of foreign employment in Nepal.
Although, They come to direct or indirect contact with people through various programs of interaction, seminars, and meetings.
Also, Foreign employment getting information through Institutions work working under the ministry of labor, Manifestos of training institutions, Radio, and television
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Insurance is an example of a(n)_______
A) fixed cost
B) opportunity cost
C) variable cost
D) none of the above
Answer:
Based on my research I believe that the answer is 'A. Fixed Cost'.
Explanation:
I hope this was helpful, have a blessed day.
ANSWER
Based on my research I believe that the answer is A- Fixed cost
Explanation
Fixed cost are those cost which are not output dependent .
Fixed cost are fixed till certain level of output.
Fixed cost per unit charges with output.
I hope this was helpful
For tax-reporting purposes, qualified dividends are considered to be what type of income? A) Phantom. B) Passive. C) Portfolio. D) Earned
For tax-reporting purposes, qualified dividends are considered to be (c) portfolio income.
Dividends are payments made by a corporation to its shareholders, usually as a distribution of profits. The tax treatment of dividends depends on whether they are classified as qualified or nonqualified.
Qualified dividends are dividends that meet certain requirements set by the Internal Revenue Service (IRS). In general, to be considered qualified, dividends must be paid by a U.S. corporation or a qualified foreign corporation, and the shareholder must have held the stock for a certain period of time (usually at least 60 days for common stock, or 90 days for preferred stock).
Qualified dividends are taxed at the same rate as long-term capital gains, which is generally lower than the tax rate for ordinary income. This makes them a particularly attractive form of income for investors.
Portfolio income is income generated from investments, such as dividends, interest, and capital gains. This is in contrast to earned income, which is income from wages, salaries, and self-employment. Passive income, on the other hand, generally refers to income that is earned without active involvement, such as rental income or royalties.
In summary, for tax-reporting purposes, qualified dividends are considered to be portfolio income, which is income generated from investments such as dividends, interest, and capital gains.
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ILL GIvE BRIANLEST PLZZZ HELP
Flowcharting clarifies what will happen in a process or
a. What needs to happen
c. What is predicted to happen at a future date
b. What is estimated to happen
d. None of these Please select the best answer from the choices provided A B C D
Answer:
What is estimated to happen
Explanation:
Flowcharts are created to gather information to determine what will or what could happen.
Answer:
D
Explanation:
Room inspectors are checking and verifying the room status as
cleaned and ready to be sold. When do they perform this task?
Select one:
a. Prior to updating room status in the hotel's PMS.
b. Immediat
Room inspectors typically perform their task of checking and verifying room status as cleaned and ready to be sold immediately after the room status has been updated in the hotel's property management system (PMS).
This is because the PMS serves as the main source of information for the hotel staff regarding the room status, availability, and reservations. Once a housekeeper has completed cleaning a room and updates the room status in the PMS, the inspector would then go to the room to check its overall cleanliness and ensure that all amenities are working properly.
Performing the inspection immediately after updating the room status in the PMS helps to ensure that the room is truly ready for occupancy and minimizes the chance of errors or miscommunications. If the inspector were to perform the task prior to updating the room status in the PMS, there could be confusion about the status of the room which could cause delays or even double bookings. Additionally, it would be difficult for other hotel staff to know the actual availability of rooms if the room inspector has not yet verified the room status.
In summary, room inspectors perform their task of checking and verifying room status as cleaned and ready to be sold immediately after the room status has been updated in the hotel's PMS. This process helps to ensure accurate information for hotel staff and minimizes the potential for errors or miscommunications when it comes to room availability and occupancy.
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Suppose that a paper mill "feeds" a downstream box mill. For the downstream mill, the marginal profitability of producing boxes declines with volume. For example, the first unit of boxes increases earnings by $40, the second by $36, the third by $32, and so on, until the tenth unit increases profit by just $4.
The cost the upstream mill incurs for producing enough paper (one "unit" of paper) to make one unit of boxes is $4.50.
Assume the two mills operate as separate profit centers, and the paper mill sets the price of paper. It follows that the marginal profitability of boxes represents the highest price that the box division would be willing to pay the paper division for boxes.. Furthermore, assume that fixed costs are $0 for the paper mill.
The following table summarizes the quantity, total revenue, and marginal costs from the perspective of the paper mill for selling paper to the box mill at various prices.
n the following table, fill in the marginal revenue, total cost, and total profit for the paper mill when selling paper to the box mill at each given price.
Price
Quantity
Total Revenue
Marginal revenue
Total Cost
Marginal Cost
Profit
(Marginal Profitability to the Box Mill)
(Units of Paper equivalent to One Box)
($)
($)
($)
($)
($)
($)
$40 1 $40 $4.50 $4.50
$36 2 $72 $4.50
$32 3 $96 $4.50
$28 4 $112 $4.50
$24 5 $120 $4.50
$20 6 $120 $4.50
$16 7 $112 $4.50
$12 8 $96 $4.50
$8 9 $72 $4.50
$4 10 $40 If the paper mill sets the price of paper to sell to the box mill, it will set a price of ? and sell ? units of paper to the box mill. Profits will be
for the paper mill. Companywide profits will be ?
. (Hint: Recall that the prices in the table represent the marginal profitability of each unit of paper, or box, to the box mill.)
Suppose the paper mill is forced to transfer paper to the box mill at marginal cost ($4.50).
In this case, the box mill will demand ? units of paper. This leads to companywide profits of ?
To find the price of paper and the number of units of paper to be sold to the box mill, we need to compare the marginal profitability of boxes to the price of paper.
At a price of $40, the marginal profitability of boxes is $40, which is higher than the cost of producing one unit of paper ($4.50). Therefore, the paper mill will set the price of paper to $40 to sell one unit of paper to the box mill. The box mill will buy only one unit of paper because the marginal profitability of additional boxes is less than the price of paper.
At a price of $36, the marginal profitability of boxes is $36, which is still higher than the cost of producing one unit of paper ($4.50). Therefore, the paper mill will set the price of paper to $36 to sell two units of paper to the box mill. The box mill will buy two units of paper because the marginal profitability of the second box is still higher than the price of paper.
At a price of $32, the marginal profitability of boxes is $32, which is still higher than the cost of producing one unit of paper ($4.50). Therefore, the paper mill will set the price of paper to $32 to sell three units of paper to the box mill. The box mill will buy three units of paper because the marginal profitability of the third box is still higher than the price of paper.
Following this pattern, we can fill in the table as shown below:
Price
Quantity
Total Revenue
Marginal revenue
Total Cost
Marginal Cost
Profit
(Marginal Profitability to the Box Mill)
(Units of Paper equivalent to One Box)
($)
($)
($)
($)
($)
($)
$40 1 $40 $40 $4.50 $4.50 $35.50
$36 2 $72 $32 $9 $4.50 $62.50
$32 3 $96 $24 $13.50 $4.50 $77
$28 4 $112 $16 $18 $4.50 $89.50
$24 5 $120 $8 $22.50 $4.50 $93
$20 6 $120 $0 $27 $4.50 $88.50
$16 7 $112 ($8) $31.50 $4.50 $76
$12 8 $96 ($16) $36 $4.50 $59.50
$8 9 $72 ($24) $40.50 $4.50 $47
$4 10 $40 ($32) $45 $4.50 $-9.50
The paper mill will set the price of paper to $32 to sell three units of paper to the box mill. The box mill will buy three units of paper because the marginal profitability of the third box is still higher than the price of paper. At this price, the paper mill will make a profit of $77 (total revenue of $96 minus total cost of $18). Companywide profits will be the same as the profits of the paper mill because the two mills operate as separate profit centers.
If the paper mill is forced to transfer paper to the box mill at marginal cost ($4.50), the box mill will demand ten units of paper (the point at which marginal profitability of boxes is equal to the price of paper). This leads to companywide profits of $0 (total revenue of $180 minus total cost of $180). The box mill will continue to buy paper until the marginal profitability of boxes is equal to the price of paper, which in this case is at ten units of paper.
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regarding proper ethical accounting guidelines, which, if any, of the following is correct? a.if a client has made a mistake in a prior year's return and refuses to correct it, the accountant should withdraw from the engagement. b.if the exact amount of a deduction is not certain (e.g., around mid-$600s), it should be recorded as an odd amount (i.e., $649) so as to increase the appearance of greater certainty. c.the use of client estimates in preparing a return may be acceptable. d.under no circumstances should a question on a tax return be left unanswered.
Integrity, objectivity, professional competence and due care, confidentiality, and professional behavior are the guiding principles of the Code, which establishes the expected behavior of a professional accountant (PA) and reflects the profession's understanding of its duty to serve the public interest.
What is meant by ethical accounting guidelines?Integrity, objectivity, professional competence and due care, confidentiality, and professional behavior are the guiding principles of the Code, which establishes the expected behavior of a professional accountant (PA) and reflects the profession's understanding of its duty to serve the public interest.
In order to prevent the exploitation of financial information or managerial positions, accounting ethics refers to adhering to certain norms and guidelines established by regulating organizations.
The updated Code creates a theoretical framework for all professional accountants to assure adherence to the following five core ethical principles:
Integrity.Objectivity.Professional Competence and Due Care.Confidentiality.Professional Behavior.Therefore, the correct answer is option a. The use of client estimates in preparing a return may be acceptable.
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In what way is money active?
Why is it important to have cash flow?
Answer:
Money is active because money is money. why is it important to have a cash flow? to build wealth
Explanation:
the writer of a put option . question 2 options: has the right to sell shares at a specified price agrees to buy shares at a specified price if the option holder exercises the option agrees to sell shares at a specified price if the option holder exercises the option has the right to buy shares at a specified price
The writer of a put option has the obligation to sell shares at a specified price if the option holder exercises the option.
What is a put option?A put option is a financial contract between two parties that gives the buyer of the option the right, but not the obligation, to sell a specific underlying asset at a predetermined price to the seller of the option within a specified time period.
There are two types of options: calls and puts. A call option gives the holder the right, but not the obligation, to purchase an asset at a specified price within a specific time frame.
A put option, on the other hand, provides the holder the right, but not the obligation, to sell an asset at a specified price within a specific time frame.
Who is the writer of a put option?The writer of an option is the individual who is responsible for selling the asset or providing the asset to the buyer. The writer has the obligation to sell shares at a specified price if the option holder exercises the option.
Therefore, Option 3: "Agrees to sell shares at a specified price if the option holder exercises the option" is the correct answer for this question.
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Which of the following are characteristics of a scarce resource?
Choose 1 answer:
Choose 1 answer:
(Choice A)
A
The supply of the resource exceeds the demand of the resource.
(Choice B)
B
There is a fixed quantity of the resource available but no demand for it.
(Choice C)
C
There is a demand for that resource with limited supply.
(Choice D)
D
There is limited supply of a resource with no demand for that resource.
(Choice E)
E
The resource has unlimited supply and limited demand.
There is a demand for that resource with limited supply are characteristics of a scarce resource. When the demand for a natural resource exceeds the supply, resource scarcity results, which causes the stock of those resources to decrease.
As a result of rising costs that make the demand resource less accessible to those who are least well-off, this might result in unsustainable supply growth and an increase in inequality. When there aren't enough resources to meet everyone's needs, there is scarce resource. Oil is among the most well-known instances of how resource scarcity affects the United States. Local gas prices will surely climb when oil prices around the world do.
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you are a valuing a peruvian firm and decide to run your analysis in usd rather than peruvian sol. which risk-free rate are you going to use?
If you are valuing a Peruvian firm and decide to run your analysis in USD rather than Peruvian Sol, you would use the US Treasury bill rate as your risk-free rate.
The risk-free rate is the rate of return that an investor would expect to earn on an investment with no risk. The US Treasury bill rate is considered to be a risk-free rate because US Treasury bills are considered to be the safest investment in the world.
The Peruvian Sol is a relatively volatile currency, so using the US Treasury bill rate as your risk-free rate will help to reduce the volatility of your valuation.
Here are some of the reasons why you would use the US Treasury bill rate as your risk-free rate:
* The US Treasury bill rate is the most liquid risk-free rate in the world. This means that it is easy to buy and sell US Treasury bills, which makes it a reliable benchmark for other risk-free rates. * The US Treasury bill rate is considered to be the safest investment in the world. This is because the US government is considered to be a very safe borrower.
* The US Treasury bill rate is a short-term rate, which means that it is less sensitive to changes in interest rates than longer-term rates. This makes it a good choice for valuing Peruvian firms, which are typically expected to have shorter investment horizons.
Of course, you may also want to consider using other risk-free rates, such as the Eurozone risk-free rate or the Japanese risk-free rate. The choice of risk-free rate will depend on the specific factors of your valuation.
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The key development for the creation of a unified national economy in the United States was the railroad network
The railroad network's expansion in the US fostered economic integration, enabling efficient transportation, trade, and urbanization, playing a pivotal role in creating a unified national economy.
The railroad network played a pivotal role in the creation of a unified national economy in the United States. The expansion and interconnectedness of railroads during the 19th and early 20th centuries transformed the country's economic landscape.
Railroads facilitated the efficient transportation of goods and people across vast distances, connecting remote areas and fostering economic integration.
They enabled the growth of industries, facilitated trade and commerce, accelerated westward expansion, and spurred urbanization.
The railroad network became a lifeline for the movement of resources, products, and people, contributing significantly to the development of a unified national economy and laying the foundation for future economic prosperity and industrialization.
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The complete question is :
How did the railroad network serve as the key development for the creation of a unified national economy in the United States, and what impact did it have on economic integration and growth across the country?
the concept of unemployment involves normative judgments because some people view employment as:
Answer:
an individual responsibility and some view employment as a social responsibility
temple trucking co. just hired ed rosenthal to verify daily invoices and accounts payable. he took 8 hours and 42 minutes to complete his task on the first day. prior employees in this job have tended to follow a 85% learning curve.
Based on the information provided, Ed Rosenthal took 8 hours and 42 minutes to complete his task on the first day at Temple Trucking Co. The prior employees in this job have followed an 85% learning curve.
A learning curve refers to the time it takes for a new employee to reach maximum efficiency. With an 85% learning curve, each subsequent day will take 85% of the time of the previous day. We multiply the previous day's time by the learning curve (8.7 hours x 0.85 = 7.395 hours).
Therefore, Ed would take approximately 7 hours and 24 minutes to complete his task on the second day. This information is calculated based on a learning curve assumption and the provided time for the first day.
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The following information relates to Swans Ltd, a vendor, and a resident of the Republic, for its tax period (a two-month period) ended 31 December 2022: Supplies of goods made by it subject to value-added tax at the standard rate amounted to R345 000 (R300 000 plus value-added tax of R45 000 ). Supplies of goods or services made by it subject to value-added tax at the zero-rate amounted to R100 000 (R100 000 plus value-added tax of Rnii), These goods were exported. Supplies of goods or services made by it not subject to value-added tax (exempt) amounted to R30 000 (R30 000 plus value-added tax of Rnil). Input tax of R50 000 was incurred by it for capital goods purchased. Input tax incurred for goods and services supplied to it was R25 000 . Second-hand goods (not of a capital nature) were purchased by it from a non-vendor for R23 000 and paid for in cash. A debtor who owed it R69 000 (R60 000 plus value-added tax of R9 000) was liquidated during this period. A first and final liquidation distribution of 20 cents in the rand was awarded to it. The balance owing was written off by it as a bad debt. The cash equivalent of the value of the fringe benefits (excluding the use of motor vehicles) granted by it to its employees (who are only working with standard-rated supplies) during this period was R17 250 . (This amount has not been included in the above amounts for the supply of goods or services made by it.) During this tax period, it issued two credit notes. The first was to a "local" customer, for R11 500 and the second was to a "foreign" customer, for R6 000 . One credit note for R9 200 (R8 000 plus R1 200 value-added tax) was received by it during this tax period. Since the goods and services supplied to Swans Ltd are used both in the course of making taxable supplies and non-taxable supplies, it has agreed with the Commissioner for apportionment (when applicable) be made on the "turnover-based" method. It has been agreed that 85% of the supplies are taxable supplies. What is the total value of the output tax at the standard rate? A. R 45000 B. R 17000 C. R 362250 D. R 47250
The total value of the output tax at the standard rate for Swans Ltd is R 47,250.
To calculate the total value of the output tax at the standard rate, we need to consider the supplies subject to value-added tax (VAT) at the standard rate made by Swans Ltd. According to the information provided:
Supplies subject to VAT at the standard rate: R345,000 (inclusive of VAT)
Supplies subject to VAT at the zero-rate (exported goods): R100,000 (inclusive of VAT)
Total supplies subject to VAT: R445,000
Since an 85% turnover-based apportionment has been agreed upon, 85% of the total supplies are considered taxable supplies. Therefore, the taxable supplies at the standard rate can be calculated as:
Taxable supplies at the standard rate = 85% of R445,000
= R377,250
The output tax at the standard rate is calculated as the VAT amount on the taxable supplies at the standard rate:
Output tax at the standard rate = VAT on R377,250
= 15% of R377,250
= R56,587.50
However, since the output tax is rounded down to the nearest whole amount, the total value of the output tax at the standard rate is R47,250. Among the given options, the closest value is R47,250, which is the correct answer.
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in which of the following markets are strategic interactions among firms most likely to occur? a. the market for piano lessons b. markets to which patent and copyright laws apply c. the market for corn d. the market for tennis balls
The strategic interactions among firms most likely to occur in the market for tennis balls. So option d. is correct.
The strategic interaction between players in the oligopoly markets gives its study a tint of dynamism. This interdependent nature of oligopolies brings about the concept of conjectural behavior, a situation whereby the actions and decisions of firms in the markets depend on the actions and decisions of others. Strategic interaction is a situation in which the pay-off of one economic agent is dependent upon the choices of others.
For example, in a duopolistic industry, the profit of each firm is dependent on the choice (quantity or price) of the other firm.
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The Federal Reserve implemented a series of new policies and tools in response to the 2007-2008 financial crisis and recession. Many economists believe these policies helped avert another Great Depression, but exacerbated what problem in the financial system
Considering the situation described the many economists believe these policies helped avert another Great Depression but exacerbated the inflation problem in the financial system.
This is because the new policies and tools used to tackle the 2007-2008 financial crisis and recession was based on Keynesian economics.
However, while Keynesian economics concentrates on regulating aggregate demand to solve or prevent economic recessions, it is considered inflationary.
This is because it is believed that these policies encourage lower tax rates and increase the national deficit to ensure there is employment.
However, with more money in circulation, many economists believed it would cause inflation and more income disparity.
Hence, in this case, it is concluded that the correct answer is Inflation.
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