Leht-set barriers. 5. microsoft and its operating system are often cited as an example of a company that grew through: a. ownership of a resource b. patents c. network externalities. d. large economies of scale into a monopolis more difficult: 6. hank runs a pedicure business in a perfectly competitive industry. he knows that he will break even (economic profit $0) if the price of pedicures is $15 but that he will have to shut down if the price is $11. if the market demand in the industry is p = 30-(02)q and the market supply is p = (0.2)q in the short run, hank will: a. shut down, since he cannot cover any of his variable costs b. produce, but just break even. c. produce with a loss, since he is operating below his break-even level. d. shut down, although his is making a positive economic profit. using the equations, determine price and quantity for hank's firm. 7. refer to question #

Match the different financial tasks to their corresponding financial life cycle phases wealth protection, wealth accumulation and wealth distribution

The accountant at bramble corp. has determined that income before income taxes amounted to $10800 using the fifo costing assumption. if the income tax rate is 30% and the amount of income taxes paid would be $900 greater if the lifo assumption were used, what would be the amount of income before taxes under the lifo assumption?

Aiden is 19 years old, unmarried, and was a first-year full-time student working on a degree in accounting during 2018. he has never had a felony drug conviction. aiden did not provide more than half of his own support and can be claimed as a dependent by his mother. aiden’s income was $4,000 in wages working as a part-time cook at a fast food restaurant. aiden received form 1098-t indicating $5,000 for payments received for qualified tuition and related expenses in box 1. he received $8,500 in scholarships and grants, which was reported in box 5. aiden’s scholarship was used to pay for room and board, tuition, and books. the cost of his books was $845. aiden is a u.s. citizen with a valid social security number. 1. which of the following statements is true? a. the portion of the scholarship that was not used for qualified educational expenses must be included in aiden's income. b. the amount spent on books is not a qualified education expense. c. the taxable portion of the scholarship must be reported on aiden's mother’s return. d. none of aiden's scholarship is taxable.