Answer:
a. left, making unemployment higher than otherwise
Explanation:
An increase in taxes is a contractionary form of fiscal policy. When taxes are increased, there is usually a decrease in aggregate demand because more taxes will cause a reduction in income which is goes further to cause a reduction in consumption. A rise in taxes will make businesses to lay off workers because there would be less money to pay all workers which makes the unemployment to be higher, thereby shifting aggregate demand inwards that is left of the aggregate demand curve.
For example, the IRS has developed ways of (document matching/ maximizing income) where Treasury can determine if a transaction has been properly reported by comparing (related party information/ third party information/ yearly averages) to relevant taxpayers' returns for the year.
Answer:
Fewer than 1% of all individual tax returns are audited in a given tax year. However, certain types of both taxpayers and income—including, for instance, high-income individuals, cash- oriented businesses, real estate transactions, and estate- and gift-taxable transfers—are subject to much higher probabilities of audit. The ethical tax professional does not "play the audit lottery" and lower his/her reporting standards because of a perception that such actions "will not be caught," nor should the tax professional allow clients to do so.
Explanation:
Fewer than 1% of all individual tax returns as well as all corporate tax return are been audited in a given tax year.
However, certain types of both taxpayers and the income for example high-income individuals, cash- oriented businesses, real estate transactions, estate as well as gift-taxable transfer are often subject to much higher probabilities of audit.
Furthermore the ethical tax professional does not "play the audit lottery" and lower his/her reporting standards because of a perception that such actions "will not be caught," nor should the tax professional allow clients to do so which is why thethe IRS has developed ways of document matching/ maximizing income in which Treasury can help determine if a transaction has been properly and effectively reported by comparing all related party information, third party information and yearly averages to relevant taxpayers' returns for the year.
(B) The accounts receivable balance at the beginning of Quarter 4 will be $1,150.
(C) The firm will collect a total of $2,000 in Quarter 3.
(D) The firm will have an accounts receivable balance of $2,300 at the end of the year.
(E) The firm will collect a total of $2,400 in Quarter 4.
Answer:
(E) The firm will collect a total of $2,400 in Quarter 4.
Explanation:
We will calcualte under two assumptions:
With this we conclude the following:
each quarter has 90 days
the sales from day 1 to 45 will be collected within the quearter while the sales from 46 to 90 will be collected on the next quarter.
so half the sales will be collected during the quarter as sales are done uniformly.
Collection on Q1
2,100 / 2 = 1,050
collection on Q2
1,050 + 1,600/2 = 1,850
collection on Q3
800 + 2,500/2 =2,050
collection on Q4
1,250 + 2,300/2 = 2,400
Answer:
$8,770.00
Explanation:
In this question we use the present value formula i.e shown in the attachment below:
Data provided in the question
Future value = $0
Rate of interest = 0.48%
NPER = 4 years × 12 months = 48 months
PMT = $205
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the answer would be $8,770.00
Answer and Explanation:
The preparation of the sales section of the income statement is presented below:
Income Statement
For the year ended
Sales
Sales revenue $903,400
Less:
Sales Discount $15,400
Sales return & allowances $22,000
Net Sales $866,000
hence the net sales is $866,000
The freight out would not be considered. Hence, ignored it
Complete question:
A monopolist is deciding how to allocate output between two geographically separated markets (East Coast and Midwest). Demand and marginal revenue for the two markets are: P1 = 15 - Q1MR1 = 15 - 2Q1P2 = 25 - 2Q2MR2 = 25 - 4Q2. The monopolist’s total cost is C = 5 + 3(Q1 + Q2 ).
What are price, output, profits, marginal revenues, and dead-weight loss
(i) if the monopolist can price discriminate?
(ii) if the law prohibits charging different prices in the two regions?
Solution:
Through price control, the monopolist selects quantity in each sector in such a manner that total income of each business is equivalent to total expense. The marginal cost is equivalent to three (the slope of the overall cost curve).
In the first market
15 - 2Q1 = 3, or Q1 = 6.
In the second market
25 - 4Q2 = 3, or Q2 = 5.5
Substituting into the respective demand equations, we find the following prices for the two markets : P1 = 15 - 6 = $9 and P2 = 25 - 2(5.5) = $14.
Noting that the total quantity produced is 11.5, then
π = ((6)(9) + (5.5)(14)) - (5 + (3)(11.5)) = $91.5.
The monopoly dead-weight loss in general is equal to
DWL = (0.5)(QC - QM)(PM - PC ).
Here, DWL1 = (0.5)(12 - 6)(9 - 3) = $18 and
DWL2 = (0.5)(11 - 5.5)(14 - 3) = $30.25.
Therefore, the total dead-weight loss is $48.25.
Without pricing disparity, the monopoly holder would demand a single price for the whole sector. To optimize income, we find that the total revenue is equivalent to the total expense. Using demand calculations, we note that the complete market curve is kinked to Q = 5:
P=25-2Q, if Q≤518.33-0.67Q, if Q5 .
This implies marginal revenue equations of MR=25-4Q, if Q≤518.33-1.33Q, if Q5
With marginal cost equal to 3, MR = 18.33 - 1.33Q is relevant here because the marginal revenue curve “kinks” when P = $15.
To determine the profit-maximising quantity, equate marginal revenue and marginal cost: 18.33 - 1.33Q = 3, or Q = 11.5.
Substituting the profit-maximizing quantity into the demand equation to determine price :P = 18.33 - (0.67)(11.5) = $10.6.
With this price, Q1 = 4.3 and Q2 = 7.2.
(Note that at these quantities MR1 = 6.3 and MR2 = -3.7).
Profit is(11.5)(10.6) - (5 + (3)(11.5)) = $83.2.
Dead-weight loss in the first market is DWL1 = (0.5)(10.6-3)(12-4.3) = $29.26.
a. if the company had fewer than 20 employees
b. if Darwin needed a reasonable accommodation to perform his job due to a disability
c. if Darwin planned to retire in less than five years
d. if Darwin was unable to perform the essential functions of his job
e. if Darwin had another job offer elsewhere
f. if the company was a private (non-governmental) organization
g. if there were more highly skilled workers in the organization who could take his place
2. Which law prevents employees like Darwin from discrimination in employment?
a. ADEA
b. Title VII
c. Affirmative action
d. ADA
3. Are the company’s actions permissible, considering its mission and vision?
a. No, because Darwin was treated less favorably than younger employees based solely on his age.
b. Yes, because age is not a protected class in employment law.
c. No, because Darwin was not given compensation or allowed adequate time to find another job.
d. Yes, because the company is private and therefore has the right to hire or fire whomever they want to.
Answer:
Darwin and Compuserve, Inc.
1. d. if Darwin was unable to perform the essential functions of his job
e. if Darwin had another job offer elsewhere
2. b. Title VII
3. a. No, because Darwin was treated less favorably than younger employees based solely on his age.
Explanation:
Title VII of the Civil Rights Act of 1964 is a federal law that protects employees against discrimination based on certain specified characteristics: race, color, national origin, sex, and religion. Under Title VII, an employer may not discriminate with regard to any term, condition, or privilege of employment.
Federal employment laws prohibit discrimination of persons who are over 40 years.