Answer:
Approximately 18.64% of this economy's income is held by the poorest 40% of the population.
Explanation:
In an economy of 10 individuals, the poorest 40% of the population means the poorest 4 individuals.
from the table, the poorest 4 individuals are:
Anna, Walter, Bob and Steve.
total income of the poorest 4 individuals = $100 + $200 + $300 + $500
= $1,100
total income of all the individuals in the population = $1000 + $300 + $800 + $700 + $200 + $600 + $500 + $100 + $800 + $900
= $5,900
The percentage of the economy's income held by the poorest 40% is given by:
= [(total income of the poorest 4 individuals)/(total income of all the individuals in the population)]*100
= [($1,100)/$5900]*100
= 18.64%
Therefore, Approximately 18.64% of this economy's income is held by the poorest 40% of the population.
Answer:
November 27 Debit Credit
Bank $15,750
(15,000+15,000*10%*180/360)
Accrued interest income $125
Interest income $625
Note receivable from customer $15,000
Explanation:
The following journal entry shall be booked by the Louvers, Inc. in its accounts as at November 27 in respect of note from customer:
November 27 Debit Credit
Bank $15,750
(15,000+15,000*10%*180/360)
Accrued interest income $125
(Interest receivable recorded at June 30)
Interest income $625
(Interest income from June 30 to November 27)
Note receivable from customer $15,000
Answer:
flat tax is a set percentage that dies not change
graduated tax changes according to the amount being taxed. usually, the higher the amount, the higher the tax rate is.
Answer:
A) considers only the amount of daily trading volume
Explanation:
On-balance volume (OBV) is a technical trading momentum indicator that uses volume flow to predict changes in stock price.
