Answers
The Gross Domestic Product (GDP) without regard to inflation is known as nominal GDP. Real GDP is a nation's GDP that has been corrected for inflation.
What is nominal GDP?
The total market goods and services that a country generates are referred to as nominal GDP. This value is unaffected by price variations brought on by ongoing market movements throughout time. In a nutshell, this GDP is calculated using current market prices. Real GDP, which determines the entire worth of the goods and services an economy produces or offers after researching and taking into account the effects of market fluctuations on product prices, is different from nominal GDP.
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Related Questions
Which of the following changes could explain the reason for the shift in output from Y1 to Y2?Increase in income tax ratesDecrease in input pricesIncrease in household spendingDecrease in price levelIncrease in private investment
Answers
The changes could explain the reason for the shift in output from Y1 to Y2 is Increase in income tax rates.
What is meant income tax rate?Individuals (or family units) and corporations are subject to income taxes. The basis for calculating individual income tax is the income received. Since the burden is presumably on the individuals who pay it, it is typically categorized as a direct tax. A sort of tax that governments levy on the income produced by people and enterprises under their control is called income tax. Public services, debt obligations, and the provision of products for citizens are all paid for using income tax. If customers opted for direct deposit and there are no additional concerns with their tax return, the IRS anticipates that the majority of these refunds will be accessible in taxpayer bank accounts or debit cards by February 28.To learn more about income tax rate refer to:
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Amanda wants to buy a new car. What questions of financial responsibility should she ask herself before she makes the purchase? Select three options.
Do I need this car or should I walk, bike, and take the bus to save money?
Is this a reliable vehicle or will I have to make costly repairs?
What will my friends think when I buy this car?
Will I be able to afford the insurance, gas, maintenance of battery, oil, tires, and also repairs?
Will this new car be fast and my favorite color?
Answers
Answer:
second answer
fourth answer
first answer
Explanation:
because,if you want to buy a car,you need to budget your money...it is worth for you to buy it or not...
Answer:
1 Do I need this car or should I walk, bike, and take the bus to save money?
2 Is this a reliable vehicle or will I have to make costly repairs?
4 Will I be able to afford the insurance, gas, maintenance of battery, oil, tires, and also repairs?
Explanation:
Which connotation is more negative?
We bought ____________ souvenirs at the amusement park.
Question 4 options:
Cheap
Inexpensive
Answers
_____________ planning focuses on delivering products or services to consumers as well as warehousing, delivering, invoicing, and payment collection.
Answers
Answer:
Distribution
Explanation:
Distribution is one of the phases in production. It is often said that production is not complete until goods and services gets to the final consumers. Distribution planning entails getting the goods produced to consumers as well as warehousing them. It also entails delivery, invoicing and payment collections.
As the last chain in production processes, distribution planning makes goods and services produced gets to the final consumes whilst also taking care of the logistics involved and payment collections.
Suppose a perfectly competitive firm with total cost function given as: TC = Q³-50² +300 + 10 5.1. Given the equilibrium price for the product in the market is $6, find profit maximizing level of output and the maximum profit generated, and show if margina cost is increasing, decreasing or at its minimum at this point.
Answers
At the profit-maximizing level of output, the quantity (Q) is approximately 35 units, and the marginal cost (MC) is $6.
The maximum profit generated at the profit-maximizing level of output is approximately -$40,375.
How to explain the informationThe total cost function given is: TC = Q³ - 50² + 300 + 10
MC = d(TC)/dQ
MC = d(Q³ - 50² + 300 + 10)/dQ
= 3Q² - 100Q
When Q = 35, MC = 3(35)² - 100(35) = 175
So, at the profit-maximizing level of output, the quantity (Q) is approximately 35 units, and the marginal cost (MC) is $6.
TR = P * Q
= $6 * 35
= $210
TC = Q³ - 50² + 300 + 10
= 35³ - 50² + 300 + 10
= 42875 - 2500 + 300 + 10
= 40585
Profit (π) = TR - TC
= $210 - $40585
= -$40375
The maximum profit generated at the profit-maximizing level of output is approximately -$40,375.
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Prepare an income statement for Rex manufacturing for the year ended December 31 using the following information
Finished goods inventory ending $17,000 general and administrative expenses 15,000 accounts receivable 19,000 finished goods inventory beginning 20,000 cost of goods manufactured 41,000 selling expenses 13,000 cash 56,000 land 29,000 sales 94,000 equipment 2000
Answers
The preparation of the income statement for the year ended December 31 is as follows:
Sales $94,000
Cost of goods sold
Begininng finish goods inventory $20,000
Add:Cost of goods manufactured $41,000
Cost of goods available for sale $61,000
Less: Ending finish goods inventory -$17,000
Cost of goods sold $44,000
Gross margin $50,000
Less: Operating Expenses
General and Advertising Expenses $15,000
Selling Expenses $13,000
Total operating Expenses $28,000
Operating Income $22,000
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The income statement for Rex Manufacturing Co. for the year ended December 31, is as follows:
REX MANUFACTURING CO.
Income StatementFor the year ended December 31
Sales Revenue $94,000
Cost of goods sold 44,000
Gross profit $50,000
Operating expenses :
General &
advertising expenses $15,000
Selling expenses $13,000 $28,000
Net Income $22,000
What is an income statement?An income statement is a financial statement that shows an entity's performance for a financial period.
The income statement shows the difference between Sales Revenue, Cost of goods sold and other expenses, which is regarded as the net income or loss.
Data and Calculations:Cost of goods sold:Begininng finish goods inventory $20,000
Cost of goods manufactured $41,000
Cost of goods available for sale $61,000
Ending finish goods inventory $17,000
Cost of goods sold $44,000
Thus, the income statement of Rex Manufacturing indicates a net income of $22,000.
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A firm sells 1000 units per week. It charges $15 per unit, the average variable costs are $10, and the average costs are $25. In the short-run, the firm should:
a. Shut-down as the firm is making a loss of $10,000 per week
b. Shut-down as price is lower than average cost
c. Continue operating as the firm is covering all the variable costs and some of the fixed costs
d. Shut-down because it is cost effective to pay off the remaining fixed costs
Answers
In the short run, the firm should continue operating as the firm is covering all the variable costs and some of the fixed costs.
According to the concept of the short run, certain input would be fixed while others will be variable within a particular period of time in the future. It conveys the idea that an industry responds to sensory stimulation significantly based on the amount of time it has to perform so. The term "short run" does not refer to a precise amount of time but rather to the business, sector, or macroeconomic component undergoing investigation.
In the short run, enterprises encounter both variable and fixed costs, which implies that output, salaries, and pricing do not have complete freedom to find a new equilibrium. This is a basic assumption guiding the concept of the short run and long - run.
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What is the most popular brand in the world?
Answers
Answer:
I would say Amazon
Explanation:
Answer:
Apple!
Explanation:
Ranks # 1
Deregulation of world financial markets
(I) provided a natural environment for financial innovations, like currency futures and options.
(II) has promoted competition among market participants.
(III) has encouraged developing countries such as Chile, Mexico, and Korea to liberalize by allowing foreigners to directly invest in their financial markets
Group of answer choices
O Only (II)
O (I), (II), (III)
O Only (I)
Answers
Deregulation of world financial markets provided a natural environment for financial innovations, like currency futures and options, has promoted competition among market participants and has encouraged developing countries such as Chile, Mexico, and Korea.
The deregulation of financial markets has allowed for more financial innovation, including the development of currency futures and options, which can help investors manage their risks and hedge against currency fluctuations. This has provided a natural environment for the development of new financial products.
Deregulation has promoted competition among market participants by removing barriers to entry and allowing more market players to compete on a level playing field. This has led to greater efficiency and lower costs for investors.
Deregulation has encouraged developing asset countries to liberalize by allowing foreigners to directly invest in their financial markets. This has enabled these countries to attract more foreign investment and gain access to international capital markets, which can help finance their economic growth.
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Joey has opened a restaurant. He paid a large amount of money up front to get the business started. He only sells products that are licensed by someone else. What type of business opportunity is Joey a part of?
Question 9 options:
1: Franchise
2: Dealership
3: Licensing
4: Network marketing
Answers
Answer:
Franchise
Explanation:
The answer is FRANCHISE
a manager is most likely to use financial reports to
Answers
A manager is most likely to use financial reports to: D. make day-to-day decisions.
What is financial report?Financial reports provide managers with timely and accurate information about the organization's financial performance, which can be used to make day-to-day decisions.
One example is Cash flow management: Financial reports can provide managers with an up-to-date picture of the organization's cash flow, including how much cash is coming in and going out. This information is essential for making decisions about paying bills, managing expenses, and investing in new projects
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The complete question is:
A manager is most likely to use financial reports to
answer choices
decide whether to continue operations
decide on the terms of a business loan
detect fraudulent practices
make day-to-day decisions
Customers might sometimes describe contradictory needs
Answers
Customers might sometimes describe contradictory needs which means Option C. Customers sometimes describe needs that oppose each other.
When customers require two different things that cannot be addressed by the same product, it is referred to as a conflicting requirement. There are many reasons why customers may have conflicting needs. Some customers might have a requirement for a product to be both inexpensive and of high quality, for example. Others may desire a product that is both small and powerful. Customers may sometimes find it difficult to articulate what they want, which might result in vague descriptions.
This might make it more difficult for the supplier to provide a solution that satisfies the customer’s needs. Customer service staff must be trained to engage with customers and listen actively to their concerns. They must also be able to identify when there is a contradictory requirement and provide solutions that address the customer's needs in a way that satisfies the customer's expectations while also meeting the supplier's operational needs. Understanding customer needs is an important part of the customer service profession, and it may take some time and effort to develop the necessary skills.
Some customers are very detailed in describing their needs, which can be beneficial for suppliers because it allows them to provide an appropriate solution for the customer. Overall, being aware of conflicting customer requirements is essential in the customer service sector to provide an effective solution. Therefore, the correct option is C.
The question was incomplete, Find the full content below:
Customers might sometimes describe contradictory needs.
A. A customer's needs can sometimes be confusing.
B. Customers might sometimes give vague descriptions.
C. Customers sometimes describe needs that oppose each other.
D. Some customers are extremely thorough in describing their needs.
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1. Identify a business or product or service idea
2. how you came by the idea
3. the challenges your group faced in coming up with the idea
4. why you believes in the chosen business or product or service idea
Answers
This method, developed as a fundamental teaching module at Harvard Business School, highlights the distinctions between service and product organizations.
What exactly is a developed example?
She has been exercising consistently to build her back muscles. The narrative was eventually turned into a novel. The island's economy has revolved around tourism. The course is meant to help you improve your writing abilities. Both allude to moving forward and improving in a certain area. Yet, 'development' is generally about improvement in several areas and has a broader meaning, whereas 'progress' is a subset of 'development' and refers to advancement toward a specific goal.
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Which of these career positions typically advise customers of the amount of money they need to support their families in case of death or to protect themselves in case of an emergency with their homes or cars?
bank teller
insurance agent
financial manager
mortgage broker
Answers
Answer:
c. financial manager
Explanation:
i took the test
The career positions that advise customers of the amount of money they need to support their families in case of death or to protect themselves in case of an emergency is insurance agent.
Who is an insurance agent?Insurance agent can be defined as the person whose sole responsibilities is to advice a person to insure in order for the person to have insurance coverage.
Insurance provide coverage to a person in case of unforeseen or unexpected circumstances and help to save cost.
Therefore the correct option is b.
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If Sears Roebuck sells six times as many batteries as Firestone, and their difference in
sales is 250,000 batteries, how many batteries did each sell?
Answers
AtQ
\(\\ \sf\longmapsto x+6x=250000\)
\(\\ \sf\longmapsto 7x=250000\)
\(\\ \sf\longmapsto x=\dfrac{250000}{7}\)
\(\\ \sf\longmapsto x\approx 35714\)
Macroeconomics is best defined as the study of
how people make decisions about operating businesses.
the overall operation of the national and global economy.
how the government makes decisions about regulating businesses.
how scarce resources are used by households and businesses.
the study of the interaction of supply and demand.
2.
Mike asked Rachael to go to the beach with him. Rachael knew she should stay home and study for her Macroeconomics exam but felt she could spend some time doing both. In the past, she had always studied about five hours for her exams but today she studied for only two hours. Her normal grade of an A fell to a B. What was the opportunity cost of going to the beach?
The B she received on the exam.
The 2 hours she studied.
The 3 hours she spent at the beach.
The 3 hours she could have spent studying.
The 5 hours she spent at the beach.
3.
When two variables have an inverse relationship, then
if A increases, B increases.
if B increases, A is unchanged.
if A increases, B is unchanged.
the slope of the graph is positive.
the slope of the graph is negative.
4.
When two variables have a direct relationship, then
if A decreases, B increases.
if B decreases, A is unchanged.
if A increases, B is decreases.
the slope of the graph is positive.
the slope of the graph is negative.
5.
The production possibilities curve
graphically illustrates the concept of absolute advantage.
graphically illustrates the concept of scarcity.
allows us to see the concept of absolute advantage.
shows the opportunity cost between all goods and services in an economy.
shows the relationship between absolute and comparative advantage.
6.
A production possibilities curve that is concave or bowed out from the origin represents
increasing opportunity cost.
decreasing opportunity cost.
constant opportunity cost.
zero opportunity cost.
static opportunity cost.
Answers
Answer:
1. the overall operation of the national and global economy.
2. The B she received on the exam.
3. the slope of the graph is negative.
4. the slope of the graph is positive.
5. graphically illustrates the concept of scarcity.
6. increasing opportunity cost.
Explanation:
1. Macroeconomics is best defined as the study of the overall operation of the national and global economy.
Macroeconomics can be defined as the study of behaviors, performance and factors that affect the entire economy. Hence, it focuses on aggregate phenomena such as price level, economic growth, Gross Domestic Product (GDP), inflation, unemployment and national income levels with respect to the central bank, demand or supply shocks, government policies, aggregate spending and savings.
2. The opportunity cost of going to the beach is the "B" grade she received on the exam.
In Economics, opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.
Thus, the value of the opportunities lost (scoring an "A" grade) by going to the beach is the opportunity cost of her choice.
3. When two variables have an inverse relationship, then the slope of the graph is negative.
An inverse relationship can be defined as a relationship between two variables, in which an increase in the value of one variable leads to a decrease in the value of the other variable i.e as the value of one variable becomes large, the value of the other variable becomes small.
4. When two variables have a direct relationship, then the slope of the graph is positive.
A positive relationship or correlation can be defined as the relationship between two variables in which there exist a direct relationship between them i.e as one variable increases, the other increases and vice-versa.
5. The production possibilities curve graphically illustrates the concept of scarcity.
The production possibilities curve (PPC) is also known as the production possibilities frontier (PPF) and its a curve which illustrates the maximum (best) combinations of two products that can be produce in an economy if they both depend on these factors;
1. Technology is fixed.
2. Resources are fixed.
6. A production possibilities curve that is concave or bowed out from the origin represents increasing opportunity cost.
The production possibilities curve (PPC) is depicted graphically as an arc, by representing one good on the y-axis and the other on the x-axis.
Is the manager of telkom actively involved in the decisions of the business
Answers
A manager is actively involved in the decisions of a business if he acts directly in the operation of the business and does not delegate tasks to others.
Who is a Manager?This refers to the person that is in charge of coordinating the activities of a group of individuals.
Hence, we can see that A manager is actively involved in the decisions of a business if he acts directly in the operation of the business and does not delegate tasks to others.
He makes direct decisions for his business.
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sơ đồ nhân sự của nhà hàng
Answers
Answer:
Science
Explanation:
Multiple choice Questions about the statement u write
The entry that includes a debit to Cash and credit to Accounts Receivable at a discounted price is recording the ______. Multiple choice question.
Answers
We are recording a sales credit when the entry a debit to Cash and credit to Accounts Receivable at a discounted price.
What does sales discounts entails?Normally, the debit of sales discounts account by the amount of the discount are recorded.
For instance, when we debit cash by $99 and debit sales discounts by $1, we will credit the accounts receivable account in the same journal entry.
In conclusion, we are recording a sales credit when the entry a debit to Cash and credit to Accounts Receivable at a discounted price.
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During the assessment phase of networking, it’s best to be specific about your business _______.
Doing some research on the key players will help you make the most of business _______ or _______.
Chatting with other people at parties or meetings is a great way to make _______.
When out networking people in _______ naturally gravitate to others.
Based on what you've read, respond to the following.
List two of the qualities that help form a strong foundation for business relationships.
What are two important stages in making business connections?
Answers
1. During the assessment phase of networking, it is best to be specific about your business objectives.
2. Doing some research on the key players will help you make the most of business contacts or opportunities.
3. Chatting with other people at parties or meetings is a great way to make connections.
4. When out networking, people naturally gravitate to others.
Business relationships are an essential aspect of all types of business enterprises, whether large or small. Developing good relationships is vital to the success of any business. Two qualities that help form a strong foundation for business relationships are trust and reliability. These two qualities help establish a sense of honesty, transparency, and consistency in business practices.
Trust and reliability are vital components of business relationships because it creates a safe and comfortable environment for business partners to communicate freely, share ideas, and brainstorm on how to grow the business together. In addition, it provides an avenue for open discussions and sharing of constructive feedback that will help businesses identify areas of improvement.
The two most important stages in making business connections are networking and relationship building. Networking is a critical stage in business development because it enables businesses to build a vast array of contacts that they can leverage to grow their business. Relationship building, on the other hand, focuses on building trust and nurturing relationships with clients, partners, and other stakeholders.
This stage requires a long-term commitment and entails consistent communication and transparency to establish a sense of mutual trust and respect. To conclude, strong business relationships are essential to the success of any business. Building such relationships takes time and effort. Trust and reliability are crucial elements that can help establish a strong foundation for business relationships. Networking and relationship building are two vital stages in making business connections, and they require commitment, time, and effort.
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For for computation of pre-incorporation profit salary to vendor
Answers
Interest on purchase consideration, the salary of partners, and interest on vendor capital are to be charged during the pre-incorporation period.
Answer:
vendor is. OTreated as pre-incorporation.recently the canadian dollar realized an unexpected appreciation in value. which of the following actions being considered by tall timber exports, a canadian logging firm specializing in exporting raw forest products, would be considered a highly unlikely response to the appreciation of the canadian dollar? A. Tall Timber Exports might raise export prices only slightly in an effort to increase market share. B. Tall Timber Exports might lower export prices in an effort to maintain market share. C. Tall Timber Exports might leave export prices as they are and wait to determine what actions to take if any in the future. D. all of the above
Answers
The correct answer to the given question is option A) Tall Timber Exports might raise export prices only slightly in an effort to increase market share.
The percentage of a company's industry's total sales that it generates is known as market share. By dividing the company's total sales for the time period by the industry's total sales for the same time period, market share is determined. This indicator is intended to provide a broad understanding of a company's size in relation to its market and competitors. The business having the biggest market share is the market leader in a given sector. Market Share = Total Company Sales / Total Industry Sales, according to the formula
A business can increase by providing clients with cutting-edge technology, fostering customer loyalty, appointing brilliant staff, and acquiring rival businesses.
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What are the purposes of communication in business or organizational settings?
Answers
if there is no form of communication in a business or organization there would bad decisions making also no one to consult in while make a decision
Answer:
Communication is vital to coordinating actions and articulating goals. The ability to effectively communicate is a necessary condition for a manager to successfully planning, organizing, leading, and controlling functions.
Transmitting information is vital to an organization's ability to function. Coordinating effort within the organization helps people work toward the same goals. Sharing emotions and feelings bonds teams and unites people in times of celebration and crisis.
Effective communication helps people grasp issues, build rapport with coworkers, and achieve consensus.
Explanation:
Communication fulfills three main functions within an organization: (1) transmitting information, (2) coordinating effort, and (3) sharing emotions and feelings. All these functions are vital to a successful organization.
Aster Inc. uses the LIFO method for calculating its cost of goods sold and inventory. What was the total cost of goods sold on January 27th?
Answers
Answer:
The answer is 7,000
Explanation:I got it right on Plato/edmentum
Time, energy, and money are examples of:
-unlimited resources.
-limited resources.
-flexible resources
-fixed resources
Answers
Answer:
Flexible resources
Explanation:
Flexible resources are defined as those that can be utilised under different categories of resource groups.
They are able to serve multiple functions.
For example money can be used for different activities like production of goods, training of staff, purchase of raw materials, and so on.
Time can be allocated to different endeavours.
Same applies to energy. It can be focused on pursuing various objectives
Which one of the following is not an example of collaborators? O Public relations companies O Customers O Savings and loans O Marketing research firms
Answers
The Savings and loans are not an example of collaborators. Option B
What are collaboratorsCollaborators typically refer to individuals, groups, or entities that work together or cooperate on a project, initiative, or business endeavor. They often have some shared goals, interests, or responsibilities. Let's break down the other options to understand how they fit the concept of collaborators:
Public relations companies: These companies help businesses manage their public image and communications. They collaborate with businesses to shape their messaging, handle media relations, and enhance their reputation.
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Although all could potentially act as collaborators, Savings and Loans, being primarily financial institutions, are less commonly associated with the role of collaborators.
Explanation:In the context of business and organizational collaboration, the options provided - Public relations companies, Customers, Savings and loans, and Marketing research firms, all can be considered as potential collaborators. However, if we focus on the most traditional definition, savings and loans, which generally refers to specific financial institutions, might be less associated with the role of collaborators in a standard business scenario. Unlike public relations companies, customers, and marketing research firms, savings and loans are primarily engaged in the sphere of financial transactions rather than collaborations for business strategy or product/service development.
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A form of advertising that uses rational arguments to communicate why consumers need a specific product by highlighting the benefits associated with the use of that product
Answers
Benefits are significant because they respond to your client's inquiry, "Why should I care about what you have?" Instead of just listing what you have to offer, explain to your customer how your good or service will improve their life in a meaningful way.
What is the importance of knowing the product details before you purchase it?The most crucial sales tool is product knowledge. It is challenging to persuade a customer that a particular product will meet their needs by outlining its benefits or drawbacks. This includes having knowledge of the statistics, advantages, and rivals.
You want your goods or services to have characteristics that clients consider to be worthwhile advantages. You'll boost your sales and profits by emphasizing benefits in your marketing and sales efforts. Remember that customers purchase goods and services in order to satisfy a need or solve a problem.
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f the inflation rate was 2.60% and the nominal interest rate was 8.00% over the last year, what was the real rate of interest over the last year? Disregard cross-product terms; that is, if averaging is required, use the arithmetic average. Round intermediate calculations to four decimal places.
Answers
If the inflation rate was 2.60% and the nominal interest rate was 8.00% over the last year, the real rate of interest over the last year was 5.40%.
How to solve for the real rate of interestTo calculate the real rate of interest, we need to subtract the inflation rate from the nominal interest rate.
Real interest rate = Nominal interest rate - Inflation rate
Real interest rate = 8.00% - 2.60%
Real interest rate = 5.40%
Therefore, the real rate of interest over the last year was 5.40%.
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Rent payments that are processed through a third-party network after March 11, 2021, should be reported to the taxpayer on:
Answers
After March 11, 2021, such rent payments as described above should be reported on Form 1099-MISC, Miscellaneous Information.
The subject of rent payments made through third party networks is covered under the American Rescue Plan Act which:
Was signed by President Biden on March 11, 2021.Clarifies the scope of Form 1011-K.The Act shows that when rent payments are made through third-party networks, they should be treated as miscellaneous information and reported on Form 1099-MISC.
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True or False & Why? “Every time price goes up, demand goes up and every time price falls, demand falls too, and so on ad infinitum.”
Answers
Answer: ▶False◀
Explanation:▶ realistically when prices fall, demand goes up. This is because everyone would buy something that cost less, than something that is expensive. Now when prices go up, demand usually goes down. This is because the consumer wouldn't want to buy something from ( ex:) retailer 1, who's products are too expensive. Than retailer 2, who's prices are very reasonable. People wouldn't want to demand something that has a price going up and up.
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