Tax form a deadweight loss
Why does a tax form a deadweight loss? A tax forms deadweight loss by artificially increasing price above the free market level, therefore reducing the equilibrium quantity. This reduction in demand decreases consumer as well as producer surplus.
Describe the provision of 'Indian partnership Act 1932‘concerning sharing of profits in lack of any provision in partnership deed. Answer: In the lack of any p
Write some main features of partnership? Answer: Essential elements or major features of Partnership are as follows: A) Two or m
Give a brief introduction of the term ‘Management Accounting’. And also write down its objectives?
What are the possible broad regions of decision making process where management accounting information is required?
What do you mean by the term SWOT analysis? Explain in brief?
Responsibility Center: It is an organizational unit headed by the manager or a group of managers who are responsible for its actions. The responsibility centers can be measured as revenue centers (that is responsible for revenue or sa
Write down a short note on the developing objectives and plans in decision making process?
What do you understand by the terms partners, firm and firms name? Answer: The persons who have entered into a Partnership with each other are individually termed 'P
An account in financial reporting that increases the book value of a liability account. An adjunct account is a valuable account from which cred
Variable Cost: A cost which differs with changes in the level of an activity, whenever the other factors are held constant. The cost of material treating to an activity, for illustration, differs according to the number of material de
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