On May 31, 2017, Core Company issued 1,000, 14%, 10-year $1,000 bonds at 105. Each bond was issued with one detachable stock warrant. Shortly after issuance, the bonds were selling at 102,
but the market value of the warrants cannot be determined.
Instructions (a) Prepare the entry to record the issuance of the bonds and
warrants. (b) Assume the same facts as part (a), except that the warrants had a fair value of $8. Prepare the entry to record the issuance of the bonds
and warrants.

Answers

Answer 1

(a) The issuance of the bonds and warrants on May 31, 2017, by Core Company would be recorded as follows:

First, we calculate the total proceeds from the bond issuance:

Number of bonds issued: 1,000

Face value of each bond: $1,000

Total face value of bonds issued: 1,000 bonds * $1,000 = $1,000,000

Issue price of each bond (105% of face value): $1,000 * 105% = $1,050

Total proceeds from bond issuance: 1,000 bonds * $1,050 = $1,050,000

Now, we record the entry:

Debit: Cash ($1,050,000)

Credit: Bonds Payable ($1,000,000)

Credit: Premium on Bonds Payable ($50,000)

The entry reflects the increase in cash from the bond issuance and the corresponding increase in Bonds Payable, as well as the recognition of the premium on the bonds.

(b) If the warrants had a fair value of $8, the entry to record the issuance of the bonds and warrants would be as follows:

First, we calculate the total proceeds from the bond issuance:

Number of bonds issued: 1,000

Face value of each bond: $1,000

Total face value of bonds issued: 1,000 bonds * $1,000 = $1,000,000

Issue price of each bond (105% of face value): $1,000 * 105% = $1,050

Total proceeds from bond issuance: 1,000 bonds * $1,050 = $1,050,000

Next, we calculate the value of the warrants:

Number of warrants issued: 1,000 (one warrant per bond)

Fair value of each warrant: $8

Total value of warrants issued: 1,000 warrants * $8 = $8,000

Now, we record the entry:

Debit: Cash ($1,042,000) [($1,050,000 - $8,000)]

Debit: Warrants ($8,000)

Credit: Bonds Payable ($1,000,000)

Credit: Premium on Bonds Payable ($42,000) [($1,042,000 - $1,000,000)]

The entry reflects the decrease in cash due to the reduction in proceeds from the bond issuance by the fair value of the warrants, the recognition of the warrants as a separate asset, and the adjustment of the premium on the bonds payable to reflect the reduced cash proceeds.

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Related Questions

which one of the key concepts of marketing refers to a transaction

Answers

he key concept of marketing that refers to a transaction is "exchange." Exchange is the process of obtaining a desired product or service by giving something of value in return.

It is the fundamental concept underlying all marketing activities. In the context of marketing, exchange occurs when two or more parties willingly engage in a mutually beneficial transaction. This transaction involves the transfer of goods, services, or ideas in exchange for money, time, attention, or other forms of value.

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"drawing relevant examples from the extract, discuss
the leadership qualities of Steve Jobs and bring out how his
leadership embodies the nature and elements of leadership

Answers

Steve Jobs, the co-founder of Apple Inc., exhibited remarkable leadership qualities that contributed to his success and the transformation of Apple into one of the world's most valuable companies.

Firstly, Jobs demonstrated a visionary leadership style. He had a clear and compelling vision of creating innovative products that would revolutionize industries. For instance, his vision of a user-friendly personal computer led to the development of the Macintosh.Secondly, Jobs possessed strong passion and charisma. He had a relentless drive to pursue excellence and inspire others to share his vision. His charisma and persuasive communication skills motivated employees and stakeholders His leadership embodied several key elements.

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Question 7 of 10
Which of the following is a tax-advantaged savings plan designed to
encourage savings for future college costs?
A. University plan
B. 529 plan
C. Scholarship plan
D. 592 plan

Answers

It is the 529 plan to save money for college.

Answer:

It is the 529 plan to save money for college.

Explanation:

research solutions is competing in the labor market for top-skilled data analysts and economists. the company wants to offer outstanding benefits, including paid time off brainly

Answers

Research Solutions competes for top-skilled data analysts and economists by offering outstanding benefits, including paid time off (PTO), which prioritizes employee well-being and work-life balance. This approach helps attract and retain talent while fostering a positive company culture.

Research Solutions recognizes the fierce competition in the labor market for top-skilled data analysts and economists.

In order to attract and retain the best talent in these fields, the company aims to offer outstanding benefits, one of which is paid time off (PTO).

PTO is a crucial component of a comprehensive benefits package as it provides employees with the opportunity to rejuvenate, recharge, and achieve a healthy work-life balance.

By offering paid time off, Research Solutions demonstrates its commitment to the well-being and happiness of its employees.

Paid time off enables data analysts and economists to take time away from work without worrying about financial repercussions.

This ensures that employees can enjoy vacations, spend quality time with their families, pursue personal interests, or simply relax and recharge.

By providing this benefit, Research Solutions acknowledges the importance of rest and relaxation in maintaining a motivated and productive workforce.

Moreover, paid time off helps promote a positive company culture and fosters employee loyalty.

When employees feel valued and supported, they are more likely to stay with the company long-term, reducing turnover and ensuring a stable and experienced team of data analysts and economists.

In conclusion, by offering paid time off as part of its benefits package, Research Solutions aims to attract and retain top-skilled data analysts and economists by prioritizing their well-being, work-life balance, and overall job satisfaction.

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Complete question:

How does Research Solutions compete in the labor market for top-skilled data analysts and economists by offering outstanding benefits, such as paid time off (PTO), and how does this approach help attract and retain talent while fostering a positive company culture?

Advertising on a website is considered mainly what type of advertising media.

Answers

Answer:

Social media advertising

Explanation:

Types of advertising:

Paid search advertising.

Social media advertising.

Native advertising.

Display advertising.

Print advertising.

Broadcast advertising.

Outdoor advertising.

How does Ana spend her time in seedfolks?

Answers

Answer:

B

Explanation:

Got it right on edg 2020

Scott and Laura are married and file a joint tax return. Laura owns a sole proprietorship (not a "specified services" business) that incurs qualified business income of $300,000. The proprietorship pays W–2 wages of $40,000 and holds property with an unadjusted basis of $10,000. Scott is employed by a local school district. Their taxable income before the QBI deduction is $381,400 (this is also their modified taxable income What is their tentative QBI based on the W-2 Wages/Capital Investment Limit? 20,000 Determine their allowable QBI deduction. 75,000 X

Answers

Solution :

QBI           300000        W-2 wages      40000

Taxable    3814000      QBP                 10000

income

                                      W-2 limit

Phase                           greater of

out MFJ

Start          315000      50% of W-2       20000

Finish        415000    or 25% of W-2     10250

                                  + 2.5% of QBP

                                  Selected             20000     Being higher      As part 1

Taxable income above phase out

\($\frac{381,400-315000}{100000}$\)        66%

Now applying gross deduction and phase out

Gross deduction        Being 20% of QBI      = 66000

Less : wage limit of QBI                                 - 20000

Phase out %                                                     x 66%

Phase out amount                                           30,360

Final deduction = gross deduction- phase out amount

                         = 66,000 - 30,360

                         = 35,640

If a person deposited $500 once earning 8 percent over 6 years, this would involve what type of computation? Simple interest Present value of a single amount Present value of a series of deposits Future value of a single amount Future value of a series of deposits

Answers

The computation involved in this scenario is the future value of a single amount.The person deposited $500 once, and it earned 8 percent interest over a period of 6 years.

The future value calculation determines the value of an initial amount (present value) after a specified period of time with a given interest rate. In this case, the $500 deposit is growing over the 6-year period at an 8 percent interest rate, and the computation will provide the future value of that initial deposit after the 6 years.

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which of the following most accurately describes an 2 cfr part 200.425(2) audit?

Answers

It is an annual audit of an organization that receives over a certain threshold of federal funds each year.

The annual audit is only a check cycle of your organization's financial systems and proclamations. The auditor will take a gander at the exactness of the numbers and the cycles and let you know as to whether interior control steps ought to be taken to assist with safeguarding your organization against extortion.

Albeit the audit may now and again be troublesome and meddlesome, your participation in providing the required data will contribute enormously to the speed with which auditors can go about their responsibilities.

The annual audit can be a costly endeavor, both in worker time and company cash. Be that as it may, the audit can be a greater amount of a venture than a cost on the off chance that auditors are allowed to examine and assess records and techniques, as opposed to plan bookkeeping type plans. This can be accomplished exclusively through planning, coordination and collaboration among the groups engaged with the audit.

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paying dividends to stockholders reduces taxable income because dividends are an expense. group startstrue or falsetrue, unselectedfalse, unselected

Answers

False. Paying dividends to stockholders does not reduce taxable income because dividends are not considered an expense. Instead, they are a distribution of profits to shareholders and are taxed at a different rate than regular income.

False. Paying dividends to stockholders does not reduce taxable income because dividends are not considered an expense. Dividends are a distribution of profits to shareholders, and they are not deductible from a company's taxable income. The company pays taxes on its earnings before distributing dividends, and shareholders pay taxes on the dividends they receive.

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Look positively at objections offered by prospects because an objection often reveals the key to a successful sale. If prospects have been properly qualified, then offering sales resistance is another way for them to say:
A. "I do not want to buy your product at this time."
B. "I want to buy as soon as you give me a few more facts or answers that reassure me that buying from you is the smart thing to do."
C. "I like your product, but I like your competitor's better."
D. "Your product is nice, but we cannot utilize it at present."
E. Any of the above are logical.

Answers

Answer:

B. "I want to buy as soon as you give me a few more facts or answers that reassure me that buying from you is the smart thing to do."

Explanation:

In the case wghen the prospects would be qualified as compared to the offering sales that represent the another way so here it can be said that want to purchase as soon as it provided more facts or answers that given assurance for purchasing from you which shows the smart thing to be done

Therefore the option b is correct

And, the rest of the options would be incorrect

I would like to buy as quickly as you can provide me with a few more data or answers that persuade me that buying from you is the best option."

When customers are qualified as opposed to offering sales, it can be argued that they want to buy as soon as they are given additional facts or answers that give them confidence to buy from you, which is a wise thing to do.

So, the option "B" is the correct answer to the following question.

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If a stock has a beta of 4, what can one infer about the expectations of that stock relative to the market?.

Answers

What happens if the beta of a stock is 1?

If a stock has a beta of 1, it will move in the same direction as the index, by about the same amount. An index fund that mirrors the S&P 500 will have a beta close to 1.

Caroline Company began operations in 2018. The company reported $128,000 of depreciation expense on its income statement in 2018 and $84,000 in 2019. On its tax returns, the company deducted $192,000 for depreciation in 2018 and $112,000 in 2019. The 2019 tax return shows a tax obligation (liability) of $132,000 based on a 25% tax rate.
What is the temporary difference between the book value of depreciable assets and the tax basis of these assets at the end of 2019?
Select one:
a. $92,000
b. $24,000
c. $60,000
d. $4,000

Answers

The temporary difference between the book value of depreciable assets and the tax basis of these assets at the end of 2019 is $92,000 (Option A).

The temporary difference arises when there is a difference between the amount of depreciation expense reported on the income statement and the depreciation deducted for tax purposes. In this case, the depreciation expense reported on the income statement in 2019 was $84,000, while the depreciation deducted for tax purposes was $112,000.

To calculate the temporary difference, we need to find the difference between the depreciation expense reported on the income statement and the depreciation deducted for tax purposes.

Temporary Difference = Depreciation Expense (Income Statement) - Depreciation Deducted (Tax Return)

= $84,000 - $112,000

= -$28,000

Since the depreciation deducted for tax purposes is higher than the depreciation expense reported on the income statement, the temporary difference is negative. This indicates that for tax purposes, the company has deducted more depreciation than it has reported on its income statement.

However, the question asks for the absolute value of the temporary difference, so we take the positive value, which is $28,000. Therefore, the temporary difference between the book value of depreciable assets and the tax basis of these assets at the end of 2019 is $28,000.

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Define a Small Scale Enterprise as per ‘MSMED Act, 2006’.

Answers

Explanation:

the Government of India has in acted, small and medium enterprises development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises is an enterprise where the investment in plant and machinery is more than rate 25 lakh but does not exceed rate.

how to get stimulus check 2021 if you didn t file taxes

Answers

Answer:

you may need to file a 2020 tax return even if you don’t traditionally file.

Explanation:

This FAQ can help you understand how the system works and what you can do to claim any stimulus that you may be eligible to receive.

\begin{tabular}{l|l|l|} 2 & \multicolumn{1}{l|}{ Enterprise Process Management (EPM) is used for? } \\ \cline { 2 - 3 } A & Managing an end-to-end portfolio of business processes \\ \cline { 2 - 3 } B & Designating process owners for every core process \\ \cline { 2 } C & Both B and C \\ \cline { 2 } & & Neither B nor C \\ \cline { 2 - 3 } & & \end{tabular}

Answers

Based on the given options, there seems to be some confusion in the provided table. The options mentioned (A, B, C) do not match the corresponding answer choices in the table. Additionally, the question asks about "Enterprise Process Management (EPM)," but the options provided do not directly address EPM.

To provide a correct answer, please provide accurate and corresponding answer choices for options A, B, C, and D, along with their descriptions.

About Management

Management is the art of getting things done through other people. Mary Parker Follet's definition means that a manager is in charge of managing and directing other people to achieve organizational goals.

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Which of the following is usually true
about the demand of consumers who
make more money?
A. They demand less of lower quality products.
B. They demand more of lower quality products.
C. They demand the same amount of lower quality
products.

Answers

Answer:

A

Explanation:

Honesty is an example of a value.

True
False

Answers

Answer:

True

Explanation:

Honesty is a value

:)

Answer: true, personally not sure if this is for edge or not

Explanation:

yeah

ownership of personal property can be acquired only by purchase.

Answers

The statement that ownership of personal property can be acquired only by purchase is not accurate. While purchase is a common way to acquire personal property, it is not the sole method. There are various legal mechanisms through which individuals can acquire personal property without purchasing it.

One such method is through inheritance, where personal property is passed down to an individual through a will or the laws of intestate succession. In this case, ownership is transferred without any monetary exchange taking place. Another way to acquire personal property is through gifts. Personal property can be voluntarily transferred to another person as a gift, without any purchase involved. This can occur between family members, friends, or even through charitable donations. Additionally, personal property can be acquired through legal processes such as adverse possession or through the division of jointly owned property. Therefore, while purchase is a common means of acquiring personal property, it is not the only way, and ownership can be obtained through various other legal mechanisms.

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which conditional formatting rule is best suited to highlight sales value greater than $5,000?

Answers

The conditional formatting rule that can be used in highlighting sales value than more than $5000 as regards this question is greater than.

Conditional formatting can be regarded as  feature in spreadsheet applications , which helps when there is a need to  apply specific formatting to cells that meet certain criteria.

In the case, of formatting rule for figures greater than $5,000, the the Greater Than sign is used to achieve this.

The greater-than sign is helps in denoting an inequality between two values

Other uses of formatting rule are to :highlightEmphasize

differentiate among data as well as  information stored in a spreadsheet

Therefore, conditional format helps in changing the appearance of cells

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Given the following financial statements for ZEIN Company:

ZEIN Company

Balance Sheet

At December 31

Assets 2017 2016

Cash EGP102,700 EGP33,400

Accounts Receivables 60,800 37,000

Inventories 126,900 102,650

Land 79,500 107,000

Plant Assets 315,000 205,000

Accumulated Depreciation (44,500) (40,000)

Total Assets 640,400 445,050

Liabilities and Stockholders' Equity Accounts Payable 57,700 48,280

Accrued Expenses Payable 15,100 18,830

Bonds Payable 145,000 70,000

Common Stock 250,000 200,000

Retained Earnings 172,600 107,940

Total Liabilities and Stockholders' Equity 640,400 445,050

ZEIN Company

Income Statement

For the year ended, December 31, 2017

Sales EGP297,500

Cost of goods sold 99,460

Gross profit 198,040

Operating expenses 53,110

Earnings Before Interest and Tax 144,930

Gain on sale of plant assets 5,000

Income before tax expense 149,930

Tax expense (Tax rate = 24. 86%) 37,270

Net income 112,660

Additional information:

1. Operating expenses including depreciation expense of EGP30,500.

2. New plant assets costing EGP146,000 were purchased for cash during the year.

3. Land was sold at cost.

4. Plant assets costing EGP36,000 with book value of EGP10,000 were sold for EGP15,000.

5. A cash dividend of EGP48,000 was declared and paid during the year.

6. Bonds with EGP75,000 face value were issued for cash.

7. The company issued common stock for EGP50,000 for cash.

Prepare the cash flow statement for ZEIN Company for 2017

Answers

The financial statement for ZEIN Company and preparing of cash flow statement is mentioned below.

Depreciation expense EGP    30,500

Gain on sale of plant assets    (5,000)

Increase in accounts receivable   (23,800)

Increase in inventories       (24,250)

Increase in accounts payable    9,420

Increase in accrued expenses payable   (3,730)

Net cash provided by operating activities EGP  95,800

Cash flows from investing activities:

Purchase of plant assets (146,000)

Proceeds from sale of land - Proceeds from sale of plant assets 15,000

Net cash used in investing activities (131,000)

Cash flows from financing activities:

Proceeds from issuance of bonds payable 75,000

Proceeds from issuance of common stock 50,000

Dividends paid (48,000

Net cash provided by financing activities 77,000

Net increase in cash 41,800

Cash at beginning of year 33,400

Cash at end of year EGP75,200

What is an analysis of cash flow?

A company's working capital, or the amount of money available for operations and transactions, is determined by a cash flow analysis. That is calculated by subtracting current liabilities (liabilities due during the upcoming accounting period) from current assets (cash or near-cash assets like notes receivable).

Cash flow statement:

A cash flow statement, also known as a statement of cash flows, is a financial statement in financial accounting that breaks down the analysis into operating, investing, and financing activities and shows how changes in balance sheet accounts and income affect cash and cash equivalents.

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Describe the Calvin Cycle.
Describe how the Na+-K+ pump and the K+-Na+ leak channels function to polarize a nerve cell membrane such that it attains its characteristic – 40 to – 90 mV resting potential.

Answers

The Calvin Cycle is a series of biochemical reactions that occur in the stroma of chloroplasts during photosynthesis. It is the second stage of photosynthesis and involves the conversion of carbon dioxide (CO₂) into glucose. The cycle utilizes the energy from ATP and NADPH, which are produced in light-dependent reactions, to synthesize glucose molecules.

The Na+-K+ pump and K+-Na+ leak channels play a crucial role in establishing and maintaining the resting potential of a nerve cell membrane. The Na+-K+ pump actively transports sodium ions (Na+) out of the cell while pumping potassium ions (K+) into the cell against their concentration gradients. This process requires ATP energy. By doing so, the pump helps maintain a higher concentration of K+ inside the cell and a higher concentration of Na+ outside the cell, resulting in an electrochemical gradient.

The K+-Na+ leak channels, on the other hand, provide a passive pathway for K+ ions to leak out of the cell and Na+ ions to leak into the cell. This leakage occurs due to the concentration gradients established by the Na+-K+ pump. The net effect is the polarization of the nerve cell membrane, with the inside becoming negatively charged relative to the outside. This polarization creates the characteristic resting potential of the nerve cell, typically ranging from -40 to -90 mV.

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speakers should prepare a contingency plan in case of technology glitches when preparing online presentations. T/F

Answers

The statement "speakers should prepare a contingency plan in case of technology glitches when preparing online presentations" is true.

Because technical difficulties can occur at any time during a virtual presentation, and having a contingency plan can help speakers to maintain their composure and deliver a successful presentation.

In the era of virtual presentations and remote work, it is crucial for speakers to be prepared for technical glitches that may occur during their online presentations. To prepare for these potential issues, speakers should develop a contingency plan that outlines specific actions to take in the event of a technical problem.

One effective strategy is to have a backup device or internet connection available. This can help to minimize disruptions and ensure that the presentation can continue even if the primary device or connection fails. Additionally, speakers should rehearse their presentations in advance and be familiar with the technology they are using.

This can help them to troubleshoot any issues that may arise during the presentation.Providing contact information for technical support is another key element of a contingency plan. This can be particularly useful in cases where the speaker is unable to resolve the issue on their own.

By having a plan in place, speakers can approach their online presentations with greater confidence, knowing that they are prepared to handle any unexpected issues that may arise.

The given statement is true.

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Theresa works as a Risk Management Specialist for an investment corporation. Which best describes her educational pathway?

an associate’s degree, then a bachelor’s degree
a master’s degree, then a vocational school
a vocational school, then an associate’s degree
a bachelor’s degree, then a master’s degree

Answers

Answer:

probably way too late for you but if anyone else is still searching for this answer, if it isn't b, it might be D. either way, vocational school in the answer doesn't sound quite right.

Theresa works as a Risk Management Specialist for an investment corporation. the best description for her educational pathway is a bachelor’s degree, then a master’s degree. Option D. This is further explained below.

What is education?

Generally, education is simply defined as methodical teaching, particularly in a school or university setting.

In conclusion, Theresa works for an investing firm as a Risk Management Specialist. Her educational journey is best described as a bachelor's degree followed by a master's degree.

The Option D(a bachelor’s degree, then a master’s degree) can be the only path as the right steps are vocational school, bachelor's degree, Masters degree, then Associates degree.

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If you invest for a single period at an interest rate of r, your money will grow to ______ per dollar invested.

Answers

If you invest for a single period at an interest rate of r, your money will grow to (1 + r) per dollar invested.

How to determine the rate of growth of a single period investment

The formula for calculating future value of an investment is:

FV = P (1 + r)^n

Where:

FV = Future value P = Present value R = interest rate N = number of years

For example, if you invest $100 in an account that earns 10% per annum. The future value is:

$100 X ( 1 + 0.1)

$100(1.1) = $110.

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Five hair stylists at a salon perform 12 haircuts in two hours. One of the stylists,
Francesca, is leaving the salon after 10 years. Francesca usually performs 2
haircuts per hour. Which of the answer choices is correct?

Answers

The salon's average product of labor will decrease when Francesca leaves the salon in the given circumstances.

How is the average product of labor determined?

The average product of labor (APL) gauges the typical output of each employee. The total product is simply divided by the workforce. The total output of labor divided by the quantity of workers employed, or Q/L, yields the average product of labor (APL). A popular metric for assessing labor productivity is the average product of labor.

The form of the AP curve on the left suggests that as more workers are hired, AP initially increases to a maximum before decreasing. The average output (or products) that each input produces is referred to as an "average product", factors of production like labor and land.

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If an increase in the price of coconut oil brings about an increase in total revenue, then the percent rise in price is _____ in magnitude than the percent decline in quantity demanded.

Answers

If an increase in the price of coconut oil brings about an increase in total revenue, then the percent rise in price is Greater in magnitude than the percent decline in quantity demanded.

Total revenue is the overall sum of money received by a business through the sale of its products and services. Based on demand and price, it measures how successfully a company is generating revenue from its main operations. The price of the goods and services is multiplied by the whole volume of sold goods and services to arrive at the calculation. Because it represents the increase in total revenue from selling one additional unit of a good or service, marginal revenue is directly tied to total revenue. Total revenue is significant because, in order to increase profits, firms want to maximise the gap between their total revenues and total costs.

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What are five questions you should ask yourself to help you determine the type of health care coverage that is most important to you?

Answers

Cheap

Effective

Fast

Options

Safe

There are now twice as many people in the household, but your income has also doubled. Is your new tax liability about twice as much as when you were single, more than twice as much, or less than twice as much? Tell whether you think this difference- or the lack of one- seems fair

Answers

Answer:

It is fair because due to marriage the resources tends to accumulate and thus the common expenses like living housing eating costs goes down than they were sustaining when they were not married.

Explanation:

Solution

It will result in higher tax due to the marginal rate rising due to increase in income plus due to joint filing after marriage.

The difference seems to be fair from the point of view that due to marriage the resources become pooled and thus the common expenses like living housing eating costs come down than they were incurring when they were single. Hence, they can now afford to pay higher taxes and it kind of does seem fair.

Using productivity software ensures that the end product will look professional.

Answers

Answer: false

Explanation:

on edge 2021

Answer: The answer is false

Explanation:

props to the other dude, give them brainliest

Other Questions
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