Pronghorn Inc. reports the following pretax income (loss) for both book and tax purposes. (Assume the carryback provision is used where possible for a net operating loss.)
Year Pretax Income (Loss) tax year
2015 $120,000 40%
2016 97,000 40%
2017 (287,000) 45%
2018 125,000 45%
The tax rates listed were all enacted by the beginning of 2015 ?
Prepare the journal entries for years 2015-2018 to record income tax expense (benefit) and income taxes payable (refundable), and the tax effects of the loss carry back and loss carry forward will not be realized.
Answers
The tax rate for each year is multiplied by the pretax income (loss) to calculate the income tax expense (benefit) for that year. The income taxes payable (refundable) is the total income tax expense (benefit) less the tax effects of the loss carryback and loss carry forward.
1. Calculate the income tax expense (benefit) for each year by multiplying the pretax income (loss) by the corresponding tax rate.
2. Calculate the income taxes payable (refundable) for each year by subtracting the tax effects of the loss carry back and loss carry forward from the total income tax expense (benefit).
3. Record the journal entries for income tax expense (benefit) and income taxes payable (refundable) for each year
Income Tax Expense (Benefit) = Tax Rate * Pretax Income
Income Taxes Payable (Refundable) = Income Tax Expense (Benefit) - Tax Effects of Loss Carryback and Loss Carryforward
To record the income tax expense and income taxes payable for the years 2015-2018, the following journal entries would be made:
Year 2015:
Debit: Income Taxes Payable $48,000
Credit: Income Tax Expense $48,000
Year 2016:
Debit: Income Taxes Payable $38,800
Credit: Income Tax Expense $38,800
Year 2017:
Debit: Income Taxes Payable $128,650
Credit: Income Tax Expense $128,650
Year 2018:
Debit: Income Taxes Payable $56,250
Credit: Income Tax Expense $56,250
Therefore, the income taxes payable (refundable) is the total income tax expense (benefit) less the tax effects of the loss carryback and loss carry forward.
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Related Questions
Disadvantages of choosing a job that is extremely popular or in demand
Answers
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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What type of businesses are open "24/7"?
Will mark brainliest!
Answers
Answer: Commercial business. 24/7 service might be offered by a supermarket, convenience store, ATM, automated online assistant, filling station, restaurant, concierge services or a staffed datacenter, or a staffing company that specializes in providing nurses since often nurses cover shifts 24/7 at hospital which are open 24/7.
Explanation:
the principal of a mortgage loan is the
a. down payment minus the closing costs minus the purchase price
b. purchase price plus the closing costs minus the down payment
c. down payment plus the closing costs plus the down payment
d. purchase price minus the closing costs minus the down payment
Answers
The down payment less the closing charges less the purchase price is the mortgage loan's principle.
What does a mortgage look like in its simplest form?When you enter into a mortgage with a lender, you give the lender the right to seize the property if they are unable to make the loan amount back plus the interest. You might be able to get a mortgage loan that will enable you buy a new house using the worth of the an existing home as security.
Why do individuals use mortgages?Mortgage loans assist people in financing the purchase of real estate by taking a small portion of the property's overall worth as payment. How Do Mortgages Work A mortgage is a loan used to pay for the upkeep of a home, piece of land, or other kinds of rental properties.
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Consumer wealth is defined as the total value of ______. Multiple choice question. assets minus the total value of liabilities all investments plus the money in the bank all investments plus the money in the bank minus debt total assets
Answers
Answer:
Assets minus the total value of liabilities
Consumer wealth is defined as the total value of assets minus the total value of liabilities. Thus, the statement "assets minus the total value of liabilities" is the correct statement.
What is the wealth effect?According to the wealth effect, a behavioral economic hypothesis, people spend more money as the value of their possessions increases. Consumers are supposed to feel more financially secure and wealthy as the value of their houses or investment portfolios rises. Even if their income and fixed costs remain the same as before, they are made to feel wealthier.
The wealth effect captures the psychological impact of growing asset prices, such as those that take place during a bull market, on consumer purchasing patterns. The idea focuses on how significant rises in the value of investment portfolios boost consumers' emotions of security, sometimes known as their level of confidence. Increased confidence results in more spending and lower saving rates.
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In 1969, Cynthia and Frederick Brick opened a high-end store in Winnipeg. They called the store Brick’s Fine Furniture. In 1988, Brick Warehouse Corp., a national chain of lower priced furniture, sent the Bricks a letter demanding that they stop using "Brick" as part of their business name. In 1977, Brick Warehouse had filed a number of trademark application, which included the word "Brick" as a trademark. As they had used the same name for over 20 years, they refused to comply with Brick Warehouse demand. The furniture chain sued and after a protracted legal battle that cost the Bricks $178000 in legal fees, the case settled. The parties agreed to co-exist in Winnipeg. What legal argument were available to the Bricks? How could the Bricks have prevented this dispute?
Answers
The legal arguments that may have been available to the Bricks in this case include; Prior Use, Geographical Limitation, Descriptive Use. To prevent this dispute, the Bricks could have taken the following measures; Conducted a Trademark Search, Registered their Trademark, Considered Rebranding.
The legal arguments that may have been available to the Bricks in this case include;
Prior Use; The Bricks could argue that they had been using the name "Brick's Fine Furniture" for over 20 years before Brick Warehouse Corp. filed its trademark applications. They could claim that they had established common law rights to the name through their continuous and exclusive use, which should be recognized and protected.
Geographical Limitation; The Bricks could argue that their business operates in a specific geographic area, specifically Winnipeg, while Brick Warehouse Corp. is a national chain. They could assert that there is no likelihood of confusion between the two businesses since they serve different markets and customer segments.
Descriptive Use; The Bricks could contend that the word "brick" is descriptive in nature and commonly used in the furniture industry to describe certain characteristics or qualities of furniture. They could argue that Brick Warehouse Corp. should not have exclusive rights to a term that is generic or descriptive in the industry.
To prevent this dispute, the Bricks could have taken the following measures;
Conducted a Trademark Search; Before adopting and using the name "Brick's Fine Furniture," the Bricks could have conducted a thorough trademark search to identify any existing trademarks that could pose a potential conflict. This would have alerted them to the existence of Brick Warehouse Corp.'s trademarks and allowed them to make an informed decision on whether to proceed with the name.
Registered their Trademark; If the Bricks had registered their business name as a trademark, it would have provided them with stronger legal protection and exclusive rights to use the name in their industry. Registering the trademark could have deterred Brick Warehouse Corp. from pursuing legal action or strengthened the Bricks' position in negotiations.
Considered Rebranding; If the Bricks had anticipated the potential conflict and the risks associated with it, they could have considered rebranding their business with a different name to avoid any trademark disputes altogether. This would have eliminated the possibility of future legal battles and the associated financial burden.
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Marketing communications managers usually state their media objectives in terms of grp, which represents reach multiplied by frequency. What does grp stand for?.
Answers
GRP stands for gross rating point.
In the field of Business Studies, we can describe Gross Rating Point (GRP ) as an impact that is made by a media delivery on the audience.
A Gross rating point (GRP) is measured in terms of percentage. For example, if the Gross rating point (GRP) of an advertisement is 10 then this means that the advertisement was able to attract 10 percent of the audience.
The method of GRP is most commonly used in ad formats, a format in which other kinds of measurements are difficult.
We can measure the Gross rating point (GRP) by calculating the percentage of an audience that is reached over by an ad and multiply it by the number of times the audience watches the ad.
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jermaine was driving his 812 gts ferrari down highway 1 in california. when his ferrari got a flat tire, he had to call emergency car-towing services to protect his precious ferrari from the busy roadway. the car-towing service is an example of: group of answer choices convenience goods and services shopping goods and services specialty goods and services unsought goods and services
Answers
The car-towing service would fall under the category of convenience goods and services. Convenience goods and services are products or services that are relatively inexpensive, frequently purchased, and require minimal effort to obtain.
Jermaine had an unexpected need for a car-towing service, and he likely selected the one that was most convenient and readily available to him. It's important to note that the other categories of goods and services also play a role in the economy and consumer behavior. Shopping goods and services are items that consumers typically compare and evaluate before making a purchase, such as a new car. Specialty goods and services are unique or high-end products that often require a certain level of expertise to acquire, like a rare antique or a specialized medical procedure. Unsought goods and services are items that consumers don't actively seek out but may need in an emergency or unexpected situation, such as a roadside assistance service like the one Jermaine needed.
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Machining Customizing Machine-hours 23,000 26,000 Direct labor-hours 9,000 10,000 Total fixed manufacturing overhead cost $ 82,800 $ 39,000 Variable manufacturing overhead per machine-hour $1.30 Variable manufacturing overhead per direct labor-hour $ 3.70 During the current month the company started and finished Job T272. The following data were recorded for this job: Job T272: Machining Customizing Machine-hours 60 10 Direct labor-hours 60 50 The estimated total manufacturing overhead for the Machining Department is closest to:
Answers
By considering the fixed and variable manufacturing overhead costs and using the data provided for Job T272 and the Machining Department, we find that the estimated total manufacturing overhead for the Machining Department is approximately $146,000.
To calculate the estimated total manufacturing overhead for the Machining Department, we need to consider both the fixed and variable manufacturing overhead costs.
First, let's calculate the variable manufacturing overhead cost for Job T272 in the Machining Department.
Variable manufacturing overhead cost = Variable manufacturing overhead per machine-hour * Machining machine-hours + Variable manufacturing overhead per direct labor-hour * Machining direct labor-hours
Using the given data for Job T272, we have:
Variable manufacturing overhead cost = $1.30 * 60 + $3.70 * 60 = $78 + $222 = $300
Next, we need to calculate the total fixed manufacturing overhead cost for the Machining Department.
Total fixed manufacturing overhead cost = Fixed manufacturing overhead cost + (Variable manufacturing overhead per machine-hour * Total machine-hours) + (Variable manufacturing overhead per direct labor-hour * Total direct labor-hours)
Using the given data for the Machining Department, we have:
Total fixed manufacturing overhead cost = $82,800 + ($1.30 * 23,000) + ($3.70 * 9,000) = $82,800 + $29,900 + $33,300 = $146,000
Therefore, the estimated total manufacturing overhead for the Machining Department is closest to $146,000.
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Which of the following is not true regarding the Statement of Revenues, Expenses, and Changes in Net Position for a public college?
a) State appropriations and Pell Grants are reported as operating revenue.
b) Revenues from residence halls, dining services and bookstores are reported as Auxiliary Enterprises - within operating revenue.
c) Expenses associated with central management, planning and administration are classified as Institutional Support.
d) None of the above, these are all true
Answers
d) None of the above, these are all true regarding the Statement of Revenues, Expenses, and Changes in Net Position for a public college
All of the statements provided are true regarding the Statement of Revenues, Expenses, and Changes in Net Position for a public college:
a) State appropriations and Pell Grants are reported as operating revenue: State appropriations and Pell Grants, along with other sources of funding, are typically considered operating revenues for a public college. These revenues contribute to the operational activities and financial resources of the institution.
b) Revenues from residence halls, dining services, and bookstores are reported as Auxiliary Enterprises - within operating revenue: Revenue generated from auxiliary enterprises such as residence halls, dining services, and bookstores is typically classified as a separate category within operating revenue. These enterprises are often self-supporting and provide services to students and the campus community.
c) Expenses associated with central management, planning, and administration are classified as Institutional Support: Expenses related to central management, planning, and administration are generally categorized as institutional support. These expenses include activities such as executive leadership, financial management, human resources, and legal services, which support the overall functioning of the institution.
Therefore, the correct answer is d) None of the above, these are all true.
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Question 3 You plan to buy an apartment for $300,000, but you have only $8.000 in cash. The bank will loan you the rest at the annual interest rate of 12%, with the payments spread over 30 years. Find your yearly payments. (6 marks) Question 4 You want to buy a piece of land for $12,000 cash. The owner would allow you to pay for it in six annual installments of $2300 each. Which method is cheaper for you if the discount rate is 12%? (6 marks)
Answers
In Question 3, to determine the yearly payments for buying an apartment worth $300,000 with a $8,000 cash down payment and a bank loan at a 12% annual interest rate spread over 30 years, we can use a mortgage calculation formula. By subtracting the down payment from the purchase price, we calculate the loan amount. Using the loan amount, interest rate, and loan term, we can calculate the yearly payments required.In Question 4, to compare the cost of buying a piece of land for $12,000 cash upfront versus paying for it in six annual installments of $2,300 each, we need to evaluate the present value of the future cash flows. Using a discounted cash flow analysis with a discount rate of 12%, we can determine which method is cheaper based on the present value of the cash flows.
To calculate the yearly payments for the apartment purchase, we subtract the down payment of $8,000 from the total purchase price of $300,000, resulting in a loan amount of $292,000. Using a mortgage calculation formula with the loan amount, interest rate of 12%, and a loan term of 30 years, we can determine the yearly payments required to pay off the loan over the specified period.To compare the cost of upfront cash payment versus installment payments for the land purchase, we need to evaluate the present value of the future cash flows. We calculate the present value of the six annual installment payments of $2,300 each using a discounted cash flow analysis with a discount rate of 12%. Additionally, we compare this present value to the upfront cash payment of $12,000. The method that results in the lower present value would be cheaper for you, considering the discount rate.By analyzing the mortgage payment calculation and conducting a discounted cash flow analysis, we can determine the yearly payments for the apartment purchase and compare the cost-effectiveness of different payment methods for the land purchase. These calculations assist in making informed decisions regarding real estate transactions and understanding the financial implications of various payment options.
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Mary was shopping in a clothing store. She had $100 to spend. She found three items she liked: $99 for a pair of shoes, $98 for a jacket, and $96 for a dress. After over an hour of shopping, she decided to buy the jacket for $98. What was her opportunity cost?
Answers
Answer:
She have two opportunity cost: 1. Shoes
2. Dress
With the return back money of $2
Opportunity cost is the return of a foregone option less than the return on your chosen option.
1. what you have noticed on the posted materials in
What manner did the advertisers promote their producter?
Answers
Answer:
Explanation:
Advertising is the lure that draws new customers to your business or product. Small businesses utilize several options to advertise a product or service. ... that receive heavy traffic is one way to get the word out about your business. ... venue with a stamp that bears your company logo; the attendees will then have your logo ...
Mention five legal ways to spend money
Answers
Some ways that you can spend money legally are:
Buying booksGoing on a vacationBuying a companyGiving to the poor or a charityEmploying laborWhat is Money?This refers to the legal tender that is used for the buying and selling of goods and services that have an inherent value
Hence, we can see that based on the given question, money can be spent in a variety of ways legally and this includes starting a business, giving to the poor, etc.
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The balance sheet for Shaver Corporation reported the following: cash, $6,000; short-term investments, $11,000; net accounts receivable, $37,000; inventory, $42,000; prepaids, $11,000; equipment, $108,000; current liabilities, $42,000; notes payable (long-term), $72,000; total stockholders' equity. $101,000; net
income, $3,520; interest expense, $4,800; income before income taxes, $5,880.
Required:
1. Compute Shaver's debt-to-assets ratio and times interest earned ratio.
2-a. Based on these ratios, does it appear Shaver relies mainly on debt or equity to finance its assets?
2-b. Is it probable that Shaver will be able to meet its future interest obligations?
Answers
Times Interest Earned Ratio = $5,880 / $4,800 ≈ 1.23. To compute Shaver Corporation's debt-to-assets ratio and times interest earned ratio, we need to use the given information:
Total Assets = Cash + Short-term Investments + Net Accounts Receivable + Inventory + Prepaids + Equipment
Total Assets = $6,000 + $11,000 + $37,000 + $42,000 + $11,000 + $108,000 = $215,000
Debt-to-Assets Ratio = Total Liabilities / Total Assets
Total Liabilities = Current Liabilities + Notes Payable (long-term)
Total Liabilities = $42,000 + $72,000 = $114,000
Debt-to-Assets Ratio = $114,000 / $215,000 ≈ 0.53
Times Interest Earned Ratio = Income Before Income Taxes / Interest Expense
Times Interest Earned Ratio = $5,880 / $4,800 ≈ 1.23
Now let's answer the questions based on these ratios:
Shaver Corporation's debt-to-assets ratio is approximately 0.53, indicating that around 53% of its assets are financed by debt.
2-a. Based on the debt-to-assets ratio, it appears that Shaver relies more on debt than equity to finance its assets. This suggests that the company has a significant portion of its assets funded through borrowing.
2-b. The times interest earned ratio is approximately 1.23, which means that Shaver's income before taxes is only 1.23 times its interest expense. A ratio below 1 indicates that the company may have difficulty meeting its interest obligations in the future. In this case, the ratio of 1.23 suggests that Shaver has limited capacity to cover its interest payments with its current income.
Overall, based on these ratios, it appears that Shaver Corporation relies mainly on debt to finance its assets, and it may face challenges in meeting its future interest obligations. It is important for the company to carefully manage its debt levels and ensure sufficient profitability to cover its interest expenses.
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How does technical education play a vital role to develop the entire nation?
pls- don´t lie
;)
Answers
Answer: Education is needed for jobs. If we dont have education people cant get certain jobs. Without certain jobs the world would fall into a pandemic.
Explanation:
Answer:
Technical education play a vital role to develop the entire nation by improvimg the well beimg of youth and communities.
It increases the productivity. It also helps to accelerate the pace of work and motivate the person towards his/her work.It creayes skilled manpower and improves the quality of life.
according to the boston consulting group matrix, cash cows are sbus that do which of the following?
a. star
b. dog
c. question mark
d. defender
e. cash cow
Answers
According to the Boston Consulting Group Matrix, cash cows are SBUs (Strategic Business Units) that do the following:
e. Cash Cow
Cash cows are SBUs with a high market share in a low-growth industry. They generate strong cash flow and profits, which can be used to support other parts of the business.
The Boston Consulting Group (BCG) Matrix is a strategic planning tool that helps organizations analyze their product portfolio and make decisions about resource allocation and investment.
The BCG Matrix categorizes a company's products or services into four quadrants based on their market share and growth rate. These quadrants are stars, question marks, cash cows, and dogs.
A cash cow is a Strategic Business Unit (SBU) with a high market share in a low-growth industry. This means that the product or service offered by the SBU has a relatively low growth rate compared to other products or services in the company's portfolio.
However, the SBU has a high market share, which means that it is a dominant player in the market.
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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
Answers
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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who is called living lion of nepal and why and when he got this title
Answers
Explanation:
Bada kaji amar singh thapa is called the living lion of nepal.
deu to his fighting prowess,greater leader ship and patriotism.
According to the video, Industrial Production Managers need which qualities? Check all that apply.
willingness to travel frequently
ability to lift heavy objects
ambition to own a company
ability to handle stress
desire for responsibility
relationships with news media
Answers
Answer: ability to handle stress
desire for responsibility
Explanation:
Industrial production managers are the individuals who oversee the daily operations of the plants in an organization.
They are responsible for the coordination, and the planning of the activities that are used in the creation of different goods.
According to the video, the qualities needed by Industrial Production Managers include the ability to handle stress and the desire for responsibility.
Answer: It is D and E
( By the way, this is a question related to financial accounting.) International Investment Group is looking to invest $95,000 into a company. Where should International Investment Group look for relevant information about the company's performance? A. The company's Management Books B. The company's Tax Books C. The company's Budgets D. The company's Financial Books
Answers
Answer:
The correct option is;
The company's Financial Books
Explanation:
In order to effectively and clearly let interested parties access pertinent information about a company, financial books are kept which show the companies economic performance and its position related to financing. Information about a company can be located in financial statements including shareholders equity, cash flow statements, income statements and balance sheets.
Deanna purchased $24,000 worth of stock and paid her broker a 1% broker fee. She sold the stock when it increased to $29,100 three years later and used a discount broker who charged $35 per trade. Compute her net proceeds after the broker fees were taken out
Answers
Answer:
Here:
Explanation:
Purchase price of shares = 24000
total purchase cost = price of shares bought + broker fees total purchase cost = 24000 + 0.01*24000 =24240
selling price of shares = 29100
total selling cost = price of shares sold - broker fees total selling cost = 29100 - 35 = 29065
Net proceeeds = total selling cost - total purchase cost Net proceeds = 29065 - 24240 = 4825
comic books originally published in japan
Answers
Answer:
not only Japan but also other country but most of the comic book are from japan
What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answers
Answer:
A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOUAccording to the video, which areas are Postsecondary Education Administrators likely to oversee? Check all that apply.
student attitudes
student orientation
parental distance
student housing
theater performances
academic standards
Answers
Answer:
2，4，6
Explanation:
Answer:
2，4，6
Explanation:
How long should a cover letter be? A. Less than one page B. Two pages C. Three pages D. More than four pages Please select the best answer from the choices provided A B C D
Answers
Answer: A. Less than one page
Explanation:
One of the basic relationships in interest rate theory is that, other things held constant, for a given change in the required rate of return, the ____________ the time to maturity, the _______________ the change in price."
The only acceptable answers to write in must be "lesser" or "greater".
Answers
The basic relationship in interest rate theory states that, other things held constant, for a given change in the required rate of return, the greater the time to maturity, the greater the change in price.
When there is a change in the required rate of return, it affects the yield or interest rate associated with a particular investment. This change in yield has an inverse relationship with the price of the investment. In general, as the time to maturity of a fixed-income security increases, its price becomes more sensitive to changes in the required rate of return. This means that a given change in the required rate of return will result in a greater percentage change in the price of a security with a longer time to maturity compared to one with a shorter time to maturity. This relationship can be understood by considering the concept of present value. As time increases, the future cash flows associated with a security have a higher present value, and therefore, changes in the required rate of return have a greater impact on the price of the security.
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What is the interest on a $4,500 note payable that is due in 3 months with a rate of 9%?
Answers
The interest on $4,500 note payable that is due in 3 months with rate of 9% is $101.25.
What is note payable?A note payable refers to a written agreement between a borrower and a lender that outlines the terms of a loan. It is a promise to pay back the borrowed amount along with any interest or fees within a specified time period. Note payable is a type of liability for the borrower, and it appears on the balance sheet as a current or long-term liability, depending on the repayment period. The repayment terms can vary, including interest-only payments, equal payments, or a lump-sum payment at maturity. Note payable is commonly used for short-term loans, such as bank loans, or for long-term loans, such as mortgages. It is important to carefully review and understand the terms of the note payable before agreeing to it, as failure to meet the repayment terms can result in serious consequences.
Principal = $4,500
Rate = 9% (or 0.09 as decimal)
Time = 3/12 (or 0.25 as decimal, since 3 months is quarter of year)
Interest = Principal x Rate x Time
Interest = $4,500 x 0.09 x 0.25
Interest = $101.25
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which of the following assets is not generally considered a capital asset? a) a computer used in a business b) a personal auto c) u.s. government securities held for investment d) a personal residence
Answers
Option b is Correct. Personal auto are typically not regarded as capital assets. A capital asset is basically anything you own and use for either personal or investment purposes.
An example would be a home, a piece of furniture for personal use, or stocks or bonds that are held as investments. Fixed assets and capital assets are both used interchangeably. They could be any expensive items that will be used in your company for longer than a year, such as machinery, computers, cars, or equipment.
Personal effects, or transportable property, are anything that the assessee or any member of his family who is dependent on him holds for personal use. These items do not include jewelry, archaeological collections, drawings, paintings, sculptures, or any other works of art.
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5. Now create your production possibilities curve, based on the information in the table you just filled out. Use the chart shown as a model, but note that your numbers and your curve will be different. Depending on the numbers you wrote in your table, your "curve" may even look more like a slant. (2 points)
Answers
Two units—blankets and socks—are depicted in the production possibilities curve model. However, in relation to another illustration, coffee and sugar.
What is production possibilities curve?
A production possibility curve essentially depicts two items graphically. The "production possibility frontier" is another name for PPC.
Underutilization of resources and technology is demonstrated by the production possibilities curve model. One unit is added while another is sacrificed on the production possibilities curve. Levels are displayed at various places.
The PPC is a useful tool for demonstrating the ideas of scarcity, opportunity cost, efficiency, and economic development and contraction. The downward slope of the concave shaped.
As a result, production possibility curve model is two different commodities such as sugar and coffee.
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What can a boosted post help an advertiser achieve?
Answers
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
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