Question 1 Figure 1.1- A tax on Producers a) i) Equilibrium Price and Quantity before tax: 100-10Q = 20 +10Q ∴ 20Q = 80 ∴ Q = 4 When Q = 4‚ P = 60 ∴ Equilibrium price equals $60 and equilibrium quantity is 4 million ii) Consumer Surplus = ½ x 4 x 40 = 80 Producer Surplus = ½ x 4 x 40 = 80 iii) An efficient market occurs when total
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Portfolio Project ACT400 Corporate Tax-ACT400 September 1st‚ 2012 Portfolio Project ACT400 I. Problem 1-Osprey Corporation a. Facts Dan and Patrick Zimbrick‚ sole shareholders of Osprey Corporation have been required to repay compensation to Osprey Corporation that was found by the IRS to be excessive. In order to determine how these repayments are to be treated for tax purposes‚ it is important to note that in 2006 the board of directors made up of Dan‚ Patrick
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Warrior with Shield by Henry Moore‚ from the mid-twentieth century (1954). This sculpture is composed of form because it is three-dimensional which‚ has height‚width and depth. This form has geometric shapes; the shield that the men is holding is a thin spherical shape with a pointy middle and the head of the man is an oval spherical shape. A strong sense of form has been created by increasing the contrast between highlights and shadow areas. For example the pointy part of the shield‚ the stomach
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"The Shield of Achilles" is a poem by W. H. Auden first published in 1952. The Shield of Achilles is also the title poem of a collection of poems by Auden‚ published in 1955. Description The poem is Auden’s response to the detailed description in Homer’s epic poem the Iliad of the shield borne by the hero Achilles‚ illustrated with scenes from daily life. Auden’s poem is written in two different stanza forms‚ one form with shorter lines‚ the other with longer lines. The stanzas with shorter
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Reconstruction had multiple failures and some successes. It’s pretty much agreed on by many historians that the idea of reconstruction was a failure. The Civil War preserved the Union and freed the slaves. However‚ during Reconstruction‚ a lack of political focus on the effort failed to solve the sectional wounds‚ and the elimination of the freed slaves’ new gained civil liberties failed to bring about long-term racial integration. Through the primary sources of: The Emancipation Proclamation by
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Between Simple Interest and Compound Interest We will be going into the difference between simple interest and compound interest. The results can be astounding when comparing the two results of any kind of example when comparing the two. To understand your finances and how your money works this will be a very integral part of knowledge. The first and most important difference between these two types of interest is that in compound interest you begin to earn interest on the interest that you earned
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Critical Thinking Monstrosity and Celebrity Culture in Mean Girls Mean Girls‚ written by Tina Fey and directed by Mark Waters‚ takes its viewers through high school from the perspective of Cady Heron‚ a young girl who never known what “high school” genuinely meant. Upon arrival‚ she makes friends with Janis and Damian‚ who were in the stereotypical “unpopular” crowd. They warn her to stay away from “The Plastics”‚ an exclusive clique that includes three drama-filled girls who are superficial‚
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Unit 3 Assignment 1: Homework Short Answer 5‚ 6 p. 71 5. What two things must you normally specify in a variable declaration? You must specify the variable type and identifier. 6. What value is stored in uninitialized variables? Some languages assign a default value as 0 to uninitialized variables. In many languages‚ however‚ uninitialized variables hold unpredictable values. Algorithm Workbench Review Questions 3-10 p.71 3. Write assignment statements that perform the following operations
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How do interest groups influence policy? Use examples to illustrate your answer. “Interest groups are no less a threat than they are an expression of freedom” (Berry‚ 1984). We start this essay with this famous quote from Berry introducing us to what exactly an interest group is. Indeed in general‚ public opinion and people unaware of an interest group’s actions might regard interest groups in a negative light. The more famous interest groups can tend to generate a lot of negative
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| Tax Return Position | Axia College | | Kelli J Revel | 8/6/2012 | A look at how the tax laws are supported by its sources and a look at the secondary and substantial authorities. | Throughout the beginning of time there has always been a need for rules‚ kings and queens created new ones as there were needed. Rules are something that we as people live by‚ rules tell us how to live and give us guidelines in which we must follow. Taxes are kind of like rules for the financial world
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