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MX is resident in Country X for tax purposes.Part of MX's plant and equipment was purchased on 1 October 2012 at a cost of $112,000and the remainder was purchased on 1 October 2013 at a cost of $188,000.MX depreciates all its plant and equipment on the straight line basis at 20% per annum.For the year ended 30 September 2014 MX's profit before tax was $291,100.MX's expenses included entertaining $22,120; staff travel and subsistence $41,300 anddonations to political parties of $9,440.
Calculate the tax payable by MX for the year ended 30 September 2014.
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Discribe in detail ONE factor of how government involvement in the marketplace can impact or not impact the economy.
Ethan works 10 hours a day and produces two goods, tables (T) and chairs (C). His individual PPF curve per day is given by the function: T=8-2C Given this information and holding everything else constant, how many hours does it take for Ethan to mak..
Describe and graph (using AD/AS framework) an example in today's news of fine tuning economy. Assume the MPC in an economy is 0.8, the APC is 0.8 and disposable income is $9 billion. If disposable income increases to $14 billion, what is the new le..
Reading marginal product, marginal revenue product, and marginal profit from a table. Fill in the missing values for this table:
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What is the steady-state growth rate of the economy? How does this answer differ from the one discussed in the text for the case in which the intermediate inputs were perishable goods?
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Calculate real GDP in each year using 2010 as the base year. Present your results in a table by adding a column titled "Real GDP, blns" to the right of the above table. Calculate the percentage change in nominal GDP and real GDP (add two new colu..
Whenever a beer company rise its advertising budget 18 percent, the demand for its beer increased 28 percent. What is the advertising elasticity for the company's product.
What is the difference between a traditional monopoly and a natural monopoly. Include the following points Identify the incentives to produce and price the product for a traditional monopoly and natural monopoly.
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