4. Other things being equal, a lump sum tax is at least as good for a consumer as a quantity tax that collects the same revenue from him.

TRUE or FALSE (Explain)

The demand equation for video games is given by x = 320 − 10p where x is the number of video games and p is in dollars. Find the value of p that maximizes the total revenue.

Consider the demand curves for beer: Q= 40 –2P. If the supply curve for beer is P=10 and the government imposes a tax of 2 on beer, the total revenue raised is equal to:

13. How will the IRS treat special allocations of income or loss among partners if the allocations do not have substantial economic effect? Attach Internal Revenue Code Section

How do you determine Firm's maximum profit if given quantities of units sold, price per unit sold, marginal revenue of unit sold, and marginal cost?

15. What is the general rule regarding attribution of stock ownership to a redeemed shareholder from an entity in which the shareholder has an interest. Attach Internal Revenue Code Section

Why does capital budgeting rely on analysis of cash flows rather than on net income? Base your answer on the accounting principles of recognizing and reporting revenue and expenses.

What are the 2-dual entry effects of billing client?

What are the 2-dual entry effects of receiving bill?

What are the 2-dual entry effects of unearned revenue?

On November 1, 2018, Gabriel received $8,400 for services to be rendered over the next 6 months and recorded it as Deferred Revenue. Record the adjusting entry at Dec. 31, 2018.