A Corporation Has a June 30 Year End

question 31

Multiple Choice

A corporation has a June 30 year end.What is the last date it can file its return due for its June 30,2013 year-end if it files an extension?

• A)December 31,2013
• B)September 15,2013
• C)January 30,2014
• D)March 15,2014

Analyze the impact of consumer demand changes on market equilibrium in different types of industries.

Understand the concept of allocative efficiency and its relevance to purely competitive markets.

Grasp the principle of marginal cost (MC) and marginal revenue (MR) equality for profit maximization.

Define economic, normal, and accounting profits and their significance to business decisions.

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Definitions:

Budget Deficit

A budget deficit occurs when an entity, typically a government, spends more money than it receives in revenue over a specific period.

Exports

Goods or services sent to another country for sale.

Dumping

The practice of selling a product in a foreign market at a price that is below the cost of production or below the price in the home market, often with the aim of driving out competition.

Producer

A producer is an individual or organization that creates goods or services for sale to consumers or other businesses.