Hiro owns and operates a small business that provides economic consulting services. During the year he spends $57,000 on travel to clients and other expenses. In addition, he owns a computer that he uses for business. If he didn’t use the computer, he could sell it and earn yearly interest of $100 on the money created through this sale. Hiro’s total revenue for the year is $100,000. Instead of working as a consultant for the year, he could teach economics at a small local college and make a salary of $50,000.

Which of the following statements is true:A. If Hiro only spent $50,000 on travel services he would be indifferent between the two careers. B. The salary Hiro earns from his job teaching economics is irrelevant information when calculating his economic profit. C. Since Hiro’s revenues from his consulting job are greater than his salary from his job as an economics teacher, he should continue providing consulting services. D. Since Hiro’s economic profit is negative, he would be better off if he didn’t operate the consulting business and taught economics instead.

Brandon, a manager at fairpro technologies corp., is required to provide individual performance feedback to his subordinates. in this scenario, the communication between brandon and his subordinates is at a(n) level

9. tax types: taxes are classified based on whether they are applied directly to income, called direct taxes, or to some other measurable performance characteristic of the firm, called indirect taxes. identify each of the following as a “direct tax,” an “indirect tax,” or something else: a. corporate income tax paid by a japanese subsidiary on its operating income b. royalties paid to saudi arabia for oil extracted and shipped to world markets c. interest received by a u. s. parent on bank deposits held in london d. interest received by a u. s. parent on a loan to a subsidiary in mexico e. principal repayment received by u. s. parent from belgium on a loan to a wholly owned subsidiary in belgium f. excise tax paid on cigarettes manufactured and sold within the united states g. property taxes paid on the corporate headquarters building in seattle h. a direct contribution to the international committee of the red cross for refugee relief i. deferred income tax, shown as a deduction on the u. s. parent’s consolidated income tax j. withholding taxes withheld by germany on dividends paid to a united kingdom parent corporation

Which plan offers a tax-free education?