A shop that sells one type of thing
Answer: Market Economy
Explanation:
A country in which the economic decisions are majorly controlled by individuals or private companies is a market economy.
A market economy is an economic system where there is very little government interference which is in the form of regulations, the economy is controlled mainly by private individuals and production is determined by the forces of demand and supply.
Answer:
The correct answer is A.
All other things being equal, in the early years of the asset's life, the amount of income shown <u>on the tax return will be higher than the amount of income shown on the income state.</u>
Here's why
Explanation:
In the United States, the Modified Accelerated Cost Recovery System (MACRS) is a depreciation system used for tax purposes.
It allows the capitalized cost of an asset to be recovered over a specified period via annual deductions. The MACRS system puts fixed assets into classes that have set depreciation periods.
This depreciation system allows an asset to be depreciated faster in the first years of an asset's life and slows depreciation later on. This is beneficial to businesses from a tax perspective.
This is logical, the less the value of an assets, the less the property tax applicable to it and so the company increases it's bottom line in tax savings whiles maximizing the useful life of the asset.
Cheers!
Answer:
Manufacturing Cost = 94,100
Explanation:
Given that,
Direct materials used = $ 20,500
Direct labor used = 26,000
Factory overhead = 47,600
Beginning work in process = 12,200
Ending work in process = 12,800
Manufacturing Cost = Direct Material + Direct Labor + Factory Overhead
Manufacturing Cost = $20,500 + 26,000 + 47,600
Manufacturing Cost = 94,100
Strong people skills. You could have the greatest worker ever but if he can not work well with people. That person will never improve or help anyone.
