Answer:
D) Carry the loss forward to reduce income in future years
Explanation:
The IRS allows corporations to carry losses both forward and backwards in order for them to reduce their taxable income. A corporation can carry an operating loss back two years, and it can carry them forward up to 20 years in order to reduce taxable income generated in subsequent years. A backwards carryover lowers the taxes that the corporation might owe to the government.
Answer:
Given that,
Percent Change in prices = 10%
Percent Change in quantity demanded = 20%
Therefore,
Price elasticity of demand =
Price elasticity of demand =
Price elasticity of demand = 2
Hence, price elasticity of demand is greater than 1 which means that the Tasty Treat Tea has a elastic demand.
B. The demand for Tasty Treat Tea is elastic.
Answer:
You've asked an incomplete/unclear question. However, the context shows you want to know more about the Veto power of the President.
Explanation:
Remember, the veto power allows the President to either accept or reject/ignore a bill (proposal).
Since Congress prefers proposal A over B (which the President likes), then either or both or neither may become law.
The four possible outcomes, and the rankings of the two sides is attached as an image below.
c. Taking risks
b. Having a lot of money
d. Being an expert in your field