determine the price elasticity of demand if, in response to a decrease in price of 35 percent, quantity demanded increases by 40 percent.

The difference between tax credit and tax deduction is that a tax deduction reduces your taxable income.

The correct option is thus Option A.

A tax deduction is a sum of money you can take out of your taxable income in order to pay less in taxes overall.

It makes sense to itemise if the sum of your itemised expenses exceeds the standard deduction for your filing status.

A sum of money that taxpayers can directly deduct from the taxes they owe is referred to as a "tax credit." Contrary to tax deductions, which reduce a person's taxable income, this is not the same thing.

The kind of tax credit will determine how much it is worth. Individuals or businesses in particular places, groups, or industries may be eligible for certain tax credits.

To know more about tax deduction, click here:

https://brainly.com/question/27051230

#SPJ4

In relation to the initial single sum, the discounted future value A. is greater than the original amount.

Assume the original value if $ 100. When this is given a future value with the interest of 12. 01 %, this becomes:

= 100 x ( 1 + 12 .01 %) ¹⁰

= $ 310.86

Then this amount is discounted at a rate of 11. 99 % to become :

= 310. 86 / ( 1 + 11. 99 %) ¹⁰

= $ 100. 18

In conclusion, the discounted amount is greater than the original amount.

Find out more on discounted values at https://brainly.com/question/28425682

#SPJ1

Taxpayers can write off expenses in the period in which they are incurred, even if they are not yet paid. Reasoning: The accrual method of reporting income has this benefit.

Because liabilities and receivables are not taken into account, it is difficult to get a thorough picture of your financial condition. Not suitable for all businesses: Cash accounting is not suitable if your business has product inventories or gives credit to customers.

The biggest advantage of the cash system is how straightforward it is—it only keeps track of cash that is delivered or received. The monitoring of a company's financial flow is also made easier. It will benefit sole proprietorships and small businesses. since using it probably won't necessitate more personnel (and the related expenses).

To know more about cash method visit:-

https://brainly.com/question/30506513

#SPJ4

International enterprises are most likely to find Argentina's economic climate favorable when considering the possibility of nationalization.

In collective cultures, the desires and aims of the group as a unit are given precedence above the wishes and needs of each person. In such communities, any person's identity is essentially defined by his connection with other band members and other people they are connected to.

Definition. Assimilation is a controversial concept that calls for immigrant groups to fully assimilate into the language, values, and social norms of the host country. Upon entering a new nation, immigrant groups are urged to assimilate through social, cultural, and/or political maneuvering.

To know more about economic Visit:

https://brainly.com/question/14787713

#SPJ1

The amount of raw materials used in production for the year is $4,400.

Given:

Beginning raw materials inventory 3,400

Raw materials purchases 4,900

Ending raw materials inventory 3,900

The amount of raw materials used in production for the year can be calculated by using the following formula:

Direct material used= beginning inventory + purchases - ending inventory

Direct material used= 3,400 + 4,900 -  3,900

Direct material used= $4,400

Raw materials refer to unprocessed or minimally processed natural resources or substances that are used as inputs in the production of finished goods. Raw materials are the basic building blocks for the manufacturing of products, and can include items such as lumber, minerals, metals, oil, grains, and other natural resources. These materials are transformed into finished goods through processes such as manufacturing, refining, and assembly.

For such question on raw materials:

brainly.com/question/23800614

#SPJ4

if the monopolist can engage in perfect price discrimination, c. $130 is the average revenue when 7 ties are sold.

What is price discrimination?

A selling tactic known as price discrimination involves charging clients various rates for the same good or service depending on what the vendor believes they can persuade the customer to accept. When a merchant uses pure price discrimination, they charge each consumer the highest price they will agree to. In more prevalent types of price discrimination, the supplier divides clients into groups based on particular characteristics and assesses a different price to each group.

The basis for price discrimination is the seller's conviction that specific groups of consumers can be requested to pay more or less depending on their demographics or how much they value the goods or service in issue.

The profit gained through dividing the marketplace makes price discrimination the most valuable.

To learn more about price discrimination

https://brainly.com/question/29989422

#SPJ4

A company's balance sheet provides important information about its inflows and outflows of cash during the course of the accounting period, along with specifics  its operating, investing, and financing activities.

Financing activities include deals involving debt, equity, and dividends. The information on debt or equity is provided in the section on cash flow through financing. This information varies according to the leverage ratio, dividend policies, and loan conditions that specific organizations may have.

The financing activity in the statement of cash flow focuses on how a firm raises capital and distributes it to investors using capital markets. These acts also include paying cash dividends, adding to or changing obligations, and releasing and reselling more stock.

To know more about financing activities visit:

https://brainly.com/question/16377227

#SPJ4

Instituting a tax policy encouraging investment at the expense of consumption will lead to an outward shift in the production possibilities curve of an economy.

What is the straightforward meaning of economy?

A system of interconnected production and consuming activities makes up an economy, and these activities ultimately decide how resources are distributed within a society.

                              The needs of persons residing in and operating inside it are met through the production and consumption of goods and services as a whole.

What would lead the production possibilities curve to shift outward?

Changes in the overall number of production elements that are accessible or technological improvements can cause the PPF to migrate outward or inward.

                                   At any point along the frontier, the economy is able to generate more goods if the overall number of production factors, such as labor or capital, grows.

Learn more about an economy

brainly.com/question/2421251

#SPJ4

The price of hamburgers increases by 50%, the quantity of ketchup demanded would decrease by 30%.

The quantity demanded of one good in response to a change in the price of another good is known as cross-price elasticity of demand. It is a fundamental idea in microeconomics and is used to comprehend how two goods are related to one another as well as how much demand for one good is impacted by changes in its price.

The percentage change in the amount demanded of one good divided by the percentage change in the price of another good is used to determine the cross-price elasticity of demand. An rise in the price of one good will result in a drop in demand for the other good if the cross-price elasticity of demand between the two goods is positive, indicating that the two goods are complimentary. The opposite is true if the cross-price elasticity of demand is negative, indicating that the two items are substitutes and that a rise in one good's price will result in a rise in the demand for the other.

According to question:

The cross-price elasticity of hamburgers and ketchup being −0.6 means that if the price of hamburgers increases, the quantity of ketchup demanded will decrease. The formula for calculating the percentage change in the quantity of ketchup demanded is:

Percentage change in quantity of ketchup demanded = Elasticity * Percentage change in price of hamburgers

So, in this case, the percentage change in the quantity of ketchup demanded would be:

Percentage change in quantity of ketchup demanded = -0.6 * 50% = -30%

Therefore, if the price of hamburgers increases by 50%, the quantity of ketchup demanded would decrease by 30%.

To know more about cross-price elasticity visit:

https://brainly.com/question/14469117

#SPJ4

The 3 persons is a bottleneck are the junior accountant's capacity, and if the business wants to increase efficiency, they need to focus on improving the junior accountant's productivity.

Income tax is a tax levied by the government on the income earned by individuals, businesses, and other entities. The income earned could be in the form of wages, salaries, commissions, interest, dividends, rents, and other forms of compensation.

The administrative support person's task is to file and write, which takes approximately 2 hours per income tax statement. Therefore, in a month, the administrative support person can handle 80 income tax statements

=> (160 hours / 2 hours per income tax statement).

The senior accountant's task is to have an initial meeting and review the work done by the junior accountant. This takes approximately 1 hour per income tax statement.

Therefore, in a month, the senior accountant can handle 160 income tax statements

=> (160 hours / 1 hour per income tax statement).

The junior accountant's task is to prepare the income tax statements. This takes approximately 4 hours per income tax statement.

Therefore, in a month, the junior accountant can handle 40 income tax statements

=> (160 hours / 4 hours per income tax statement).

This means that even if the administrative support person and the senior accountant work efficiently, the process will slow down because of the junior accountant's limited capacity.

In conclusion, the bottleneck in the process of preparing income tax statements is the junior accountant.

To know more about income tax here.

https://brainly.com/question/17075354

#SPJ4

Although it frequently touches on money-related issues, it is not just about money. The study of individual decisions is known as microeconomics.

Economics is a social science that examines the decisions that people, businesses, governments, and nations make regarding the distribution and consumption of products and services.

Thus, there is labor economics, which investigates the labor market; public finances, which investigates the revenue and outlays of the government; international economics, which investigates the transfer of resources between nations; etc.

To know more about  Economics visit:

https://brainly.com/question/14787713

#SPJ4

The amount that should be spent according to the rule that says people should only spend 20% of their net income on credit payments is $300.

A credit balance on your billing statement is the amount or value which is owed to you by the card issuer. When you make a payment, credits are added to your account. You are often given a credit whenever you return something that you have bought through your credit card. Credits can also be added to your account as a result of rewards earned or a mistake in a previous bill. Your statement will show a credit balance if the total of your credits exceeds the amount you owe. This is money owed to you by the card company.

the calculation is as follows:

20% of net income= 20% of %1500

= 20/100 x 1500

0.2x 1500 = $300

learn more about credit here:

https://brainly.com/question/29632930

#SPJ4

A business's failure to consider the musical features and culture-specific cues of the music used in advertising can impact purchasing decisions in a negative way because music has the power to start emotions, convey messages, and shape cultural perceptions accordingly.

For example, if a business had an advertisement that mainly aims at the young, urban demographic with the help of music which is associated with a different culture or age group, it may be misinterpreted  to the their target audience. This can also results in a lack of proper cordination  with the target audience and which ultimately reduce the effectiveness of the advertisement and impact the decision making of an individual.

So they can create advertising that is more appealing and relevant to their target audience, which can positively impact purchasing decisions.

To know more about demographic click below:

https://brainly.com/question/8961180#

#SPJ4

Adam believes that his employment information should be kept secure and safe, and that only certain people with the right to know that information should have access to it.  The right is "employee privacy policy''.

The employee privacy policy is the policy in which the documentation specifying the organization's rules and the process of gathering the personal information of the employee, as well as the using and the disclosing the personal information of that employee.

In the workplace, the employer's employment information should be kept secure and safe, and that only certain people with the right to know that information should have access to it.  The policy include the security policy, security and privacy, internet of things, online social networks and personally identifiable information.

To know more about employee privacy policy here,

https://brainly.com/question/17057802

#SPJ4

The following is true about motivation is:

Motivation is a key influence over an employee's performance level.

Motivation is the urge, drive, desires, aspirations, or needs of human being, which are internal. Motivation produces goal directed behaviour. For example, a promotion may be given to an employee with the objective of improving his performance

Motivation theory is the study of understanding what drives a person to work towards a particular goal or outcome. It's relevant to all of society but is especially important to business and management. That's because a motivated employee is more productive, and a more productive employee is more profitable.

Learn more about Motivation at:

https://brainly.com/question/972761

#SPJ4

As the business now has the right to receive cash, the solution is to deduct $9,000 from Accounts Receivable, an asset, and credit $9,000 to Revenue to recognize the revenue from the sale.

Since the transaction would have been recorded on the date the invoice was issued, the company's accrual method will have no effect.

When the payment is received, the transaction will be recorded if the business uses the cash method.

The money that a company's customers owe for goods or services they have received but have not yet paid for is referred to as accounts receivable. For instance, the amount owed is added to the accounts receivable when customers purchase goods on credit. Through a business transaction, it becomes an obligation.

Wise Guys Consulting Issues an Invoice for $9,000 to one of their clients for services provided. The terms of the invoice call for payment 30 days after the invoice date. What would be the impact at the date the services are completed and invoiced?

Learn more about account receivable:

brainly.com/question/24871345

#SPJ4

Option D. The FDA is a federal agency responsible for protecting public health by ensuring the safety, efficacy, and security of human and veterinary drugs, biological products, and medical devices; and by ensuring the safety of the nation's food supply.

As part of its mandate, the FDA regulates the labeling and advertising of food and drug products to prevent the promotion of adulterated or misbranded products. Marketers are prohibited from making false or misleading claims about the safety, efficacy, or quality of their products, and may face penalties if they violate these regulations. The Food and Drug Administration (FDA) is an agency within the U.S. Department of Health and Human Services. It is responsible for protecting public health by regulating and supervising the safety, efficacy, and security of a wide range of products, including human and veterinary drugs, biological products, medical devices, cosmetics, food and dietary supplements.

To learn more about federal agency please click on below link.

https://brainly.com/question/13874468

#SPJ4

Marketers cannot advertise for adulterated and misbranded food or drug products due to the power of: group of answer choices

A. The association for prohibition of adulteration

B. The general food regulations

C. The consumables protection bureau

D. The food and drug administration

Bondholders are safeguarded by a Call penalty if the issuer calls the bond before its maturity.

Bondholders are protected by a Call penalty in the event that the issuer calls back the bond before maturity, in which case they would receive their principal back earlier than anticipated. This is significant for bondholders since they buy bonds expecting to get their principal returned at maturity as well as monthly interest payments. The issuer would be required to pay a call penalty if they decided to call back the bond before its maturity date.

For a variety of reasons, businesses may decide to discharge debt before it matures. For instance, the business might be able to refinance the debt at a lower cost if interest rates have decreased since the bond was issued. In addition, if the company has extra cash on hand, it might decide to use it to pay off debt, which would lower its overall debt levels and strengthen its financial situation.

In general, a callable bond would have a greater coupon rate than a noncallable bond. This is because the issuer gains the potential to retire the bond early thanks to the call option, which is advantageous to the issuer. Callable bonds often offer a higher yield to investors as compensation for this risk.

For such more questions Finance: brainly.com/question/15419360

#SPJ4

The supply of a good does not alter as the selling price increases, but the quantity supplied does.

If a product's price goes higher, the supply will rise as well. Supply and pricing are inversely correlated. In contrast to demand for goods and services, which is inversely proportional to price These laws are under the category of price elasticity of demand and supply; they demonstrate how consumers react to price changes. With price change, supply has an incline. Every manufacturer and seller compete for sales in a free market, yet profits seldom stay the same over the long term. As a result, businesses turn their attention to products and services that are more profitable, which causes a shift in the supply of goods and services and a corresponding change in pricing.

Learn more about Selling price here:

https://brainly.com/question/29804360

#SPJ4

If a U.S. citizen buys a television made in Korea by a Korean firm, then U.S. net exports decrease and U.S. GDP is unaffected.

What is GDP?

The value added produced through the production of products and services in a nation over a specific time period is typically measured by its gross domestic product (GDP). As a result, it also accounts for the money made from that manufacturing, or the total amount spent on finished goods and services (less imports).

It serves as a thorough assessment of a particular country's economic health as a broad indicator of entire domestic production.

GDP = private consumption + gross private investment + government investment + government spending + (exports – imports).

Usually, GDP is estimated using the international standard by the nation's national statistical agency.

To learn more on GDP from the link:

https://brainly.com/question/1383956

#SPJ4

The entry to reflect the cost of the returned inventory would be to debit merchant inventory by $600 and credit projected returns inventory by $600.

An adjustment to inventory for anticipated future returns is shown in the liability account known as Inventory Returns Estimated, which is normally included under Current Liabilities on the balance sheet.

Estimated Return of Inventory is the name of an example asset account that is created to account for the cost of goods that a business believes the customer will return. Option A is the asset account used to record the cost of the items a business expects to be returned.

An inventory return occurs when items that were previously given out for use are brought back into stock and added to the quantity that is now on hand.

Learn more about Inventory Returns Estimated: https://brainly.com/question/21780268

#SPJ4

The time it would take for $250 to develop to $1,000 at an annual rate of 8% is approximately 18 years.

The rate of interest is used to determine the amount of interest owed to the lender by the borrower. Lenders' quoted rates are annual rates. The interest payment on most home mortgages is calculated monthly. As a result, before calculating the payment, the rate is divided by 12.

The annual rate of return is determined by dividing the amount gained or lost at the finish of the year by the original investment at the start of the year. This technique is also known as as the annual rate of return or the nominal annual rate.

To know more about annual rate visit:

https://brainly.com/question/17613825

#SPJ4

Buyer interest in branded athletic footwear is expected to rise. 7-9% per year in North America and Latin America from Year 11 to Year 15, increasing to 9-11% per year in Years 16-20.

For example, if a hungry consumer purchases a slice of pizza, the first slice will provide the most benefit or utility. Each additional slice increases consumer satisfaction while decreasing utility. In theory, the first slice could command a higher price from the customer.

The amount of goods and services that buyers are willing to purchase is referred to as demand. Typically, as prices rise, demand falls; this trend can be graphically represented by a demand curve.

Therefore, Changes in income, price, and relative price can all have an impact on demand.

To know more about Buyer demand visit:

brainly.com/question/28461705

#SPJ1

A given period's disposable income is made up of earned income + government transfers less taxes.

Earned income: What does that mean?

Earned income for the year your are filing includes all earnings from employment, only if those earnings are deductible from gross income. Earned income includes things like wages, salaries, tips, or other taxable employee remuneration. Net earnings through self-employment are also considered earned income.

What's your annual gross income?

You can get your total income by taking the sum of all of your sources' gross income and deducting predetermined amounts for expenses, benefits, and other charges. If you're married or in a civil relationship and are jointly assessed, the income of your spouse or civil partner is added to your total income.

To know more about income visit:

https://brainly.com/question/17961582

#SPJ4

Managers who made minor improvements in management tactics were able to achieve impressive increases in production quality and quantity. option (C) is correct.

The time of 18th and 19th centuries was a period having very carelessness in the executive's abilities period. Firms couldn't deal with the framework of mass creation and mass worker system. At that period, the chiefs who made minor upgrades in administration strategies supposedly got a weighty expansion in quality and amount underway similarly.

The Modern Unrest is known to bring about the coming of better and quicker innovation that assists firms with doing the task all the more productively. It additionally assists the board with extraordinarily expanding its output.  

Learn more about industrial revolution:

https://brainly.com/question/26258950

#SPJ4

This question is not complete , Here I am attaching the complete question:

throughout history, most managers operated on a trial-and-error basis. during the industrial revolution in the 18th and 19th centuries, major advances in manufacturing and transportation technologies occurred, such as the steam engine, cotton gin, and railway networks. and with the availability of large numbers of low-skilled laborers, businesses and factories grew in size, becoming more complex to operate. managers who made minor improvements in management tactics were .

(A)  Unable to achieve mass production.

(B) not able to bring about increases in production quality.

(C) able to achieve impression increases in productivity quantity and quality.

(D) able to hasten the emergence of management as an informal art.

(E) Unable to achieve economies of scale.

The political environment includes the attitudes and reactions of the general public, social and business critics, and other organizations, such as the better business bureau, i.e. option B.

The state, the government, and the public and private entities that function, interact, and/or have an effect on the system are referred to as the political environment. The political environment must be favourable and highly stable for a firm to prosper. The political atmosphere of a nation forms the basis of its business climate.

For a corporation, the political environment might be of the highest significance. A government's economic policies and decision-making processes can affect a company's ability to succeed or fail. While promoting one type of company might enhance earnings for that industry and its participants, it can also result in losses for other businesses.

The question is incomplete. The complete question is, "The _____ includes the attitudes and reactions of the general public, social and business critics, and other organizations, such as the better business bureau. Group of answer choices

A. competitive environment

B. political environment

C. social environment

D. legal environment

Learn more about Politics here:

https://brainly.com/question/10744844

#SPJ4

The company's revenues almost always improve as the size of the sales team is raised. The given statement is true.

What are revenues?

Revenue is the cash that a business generates via its operations. Depending on the accounting technique used, there are various ways to compute revenue. Sales made on credit will be counted as revenue for products or services delivered to the customer in accrual accounting. Revenue may be recognized in accordance with certain standards even though payment has not yet been made.

The cash flow statement must be examined in order to determine how effectively a business collects debts. Contrarily, cash accounting only counts sales as revenue when money has been exchanged. A "receipt" is a record of money given to a business. Even without income, receipts are conceivable.

To learn more about revenues visit;

https://brainly.com/question/8645356

#SPJ4

Financial goals are targeted objectives individuals set to attain specific desired financial outcomes.

Saving for college is a prime example, involving allocating funds for forthcoming educational expenses. Similarly, making recurring deposits into a savings account constitutes a financial goal, fostering savings growth for future needs like emergencies or investments.

In contrast, the other options—such as shopping during sales, purchasing a new computer, and obtaining a credit card—may involve transactions but lack the inherent long-term financial purpose of savings, investment, or fiscal stability that characterizes genuine financial goals.

To learn more about Financial gaols, click here.

https://brainly.com/question/29238593

#SPJ2

Life insurances companies type of lender organized as either a mutaul or a stock company is the largest source of funds for financin apartment complexes and commercial properites .

Who is the company's lender?

Anyone who makes money accessible to a person or company with the intention that they would pay them back is referred to as a lender.

                        This can be an individual, a public or private organization, or a financial institution.

What other names have lenders had?

A mortgagee is a lender, more particularly a company that extends credit to a borrower in order for them to buy real estate. The borrower is referred to as the mortgagor in a mortgage transaction, while the lender acts as the mortgagee.

                             A typical bank is an institution with physical locations that offers credit cards, checking accounts, and other financial services such as mortgages. The terms "traditional banks" or "traditional lenders" are also used to refer to traditional banks.

Learn more about the lender of the company

brainly.com/question/25739338

#SPJ4

The OECD Anti-Bribery Convention set legally required standards and asks for a variety of additional activities in order to make bribery of foreign public officials in international business transactions illegal.

In order to make bribery of foreign public officials in international business transactions illegal, the OECD Anti-Bribery Convention established legally obligatory criteria and calls for a number of complementary steps.

When businesses offer, promise, or provide a bribe to a foreign official to gain an advantage in an international business transaction, such as winning a construction contract, an oil or gas concession, or an operating license, they are engaging in "foreign bribery," or the bribery of foreign public officials.

According to the Convention, nations must make bribing foreign public officials a criminal offense under their domestic law and make sure that attempting to bribe foreign public officials and conspiring to do so are both punishable by the same penalties as bribing domestic officials.

Therefore, the OECD Anti-Bribery Convention set legally required standards and asks for a variety of additional activities in order to make bribery of foreign public officials in international business transactions illegal.

Know more about the Convention on Combating Bribery of Foreign Officials here:

https://brainly.com/question/17120929

#SPJ4