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1 year ago

The question of how a tax change might impact U.S. economic output is most closely associated with the study of

Business

1 answer:

inn [45]1 year ago

8 0

A tax change that might impact U.S. economic output is most closely associated with the study of macroeconomics.

<h3>What do you mean by macroeconomics?</h3>

Macroeconomics is the study of how economies function, including changes in the balance of payments, inflation, interest and foreign exchange rates, and economic production. Only with a solid monetary and fiscal policy are poverty alleviation, social equality, and sustainable growth conceivable.

Maximizing the standard of living and achieving steady economic growth are the overarching objectives of macroeconomics.

Functioning of an Economy, Formulation of Economic Policies, Understanding Macroeconomics, Understanding and Controlling Economic Fluctuations, Inflation and Deflation, Study of National Income, Study of Economic Development, Study of an Economy's Performance, and Nature of Material Welfare are all important aspects of macroeconomics.

To know more about Macroeconomics refer to: brainly.com/question/13120341

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Joe Keho and Mike McLain share income on a 6:4 basis. They have capital balances of $90,000 and $70,000, respectively, when Lind

lions [1.4K]

Answer:

Joe’s Capital (existing partner) = $90,000

Mike’s Capital (existing partner) = $70,000

Profit-sharing ratio = 6:4

Admission of Linda (new partner) with bonus to existing partners:

$100,000 cash contributed for 25% share

So, implied value of partnership firm after admission = $100,000 / 25% = $400,000

However, actual value of partnership firm after admission will be = $90,000 + $70,000 + $100,000 = $260,000

Linda’s Capital in new partnership = 25% * $260,000 = $65,000

However, Linda is contributing $100,000

So, bonus accruing to existing partners = $100,000 - $65,000 = $35,000

Bonus to be split in profit sharing ratio

Bonus accruing to Joe = $35,000 * 6/10 = $21,000

Bonus accruing to Mike = $35,000 * 4/10 = $14,000

Joe'sCapital

$21,000

Mike'sCapital

$14,000

Lindia's Capital

$65,000

b. Admission of Linda (new partner) with bonus to the new partner:

$36,000 cash contributed for 25% share

So, implied value of partnership firm after admission = $36,000 / 25% = $144,000

However, actual value of partnership firm after admission will be = $90,000 + $70,000 + $36,000 = $196,000

Linda’s Capital in new partnership = $196,000 * 25% = $49,000

However, contribution by Linda= $36,000

So, bonus accruing to Linda = $49,000 - $36,000 = $13,000

Joe’s share in bonus to Linda = $13,000 * 6/10 = $7,800

Mike’s share = $13,000 * 4/10 = $5,200

Joe'sCapital

$7,800

Mike'sCapital

$5,200

Lindia's Capital

$49,000

6 0

3 years ago

Explain the difference between socialism and a pure command economy

AleksandrR [38]

Command economies have public enterprises where the government controls everything including business and production. In socialism, the means of production, distribution, and exchange are owned or regulated by the community as a whole.

4 0

3 years ago

One year ago, you purchased $6,000 worth of a mutual fund at an offering price of $38.10 a share. Today, the fund distributed $0

dalvyx [7]

Answer:

a. 7.48%

Explanation:

Number of shares = $ 6,000 / $ 38.10

Number of shares = 157.48

Rate of return = [Number of shares * (Short term gans + Long term gains + ((1 - Front end load) * (Current offering price)) - Purchase price] / Purchase price

Rate of return = [157.48 * ($0.20 + $1.04 + ((1 - 0.05 ) * $41.80)) - $6,000] / $6,000

Rate of return = [157.48 * ($0.20 + $1.04 + (0.95 * $41.80)) - $6,000] / $6,000

Rate of return = [157.48 * ($1.24 + $39.71) - $6,000] / $6,000

Rate of return = $448.806 / $6,000

Rate of return = 0.074801

Rate of return = 7.48%

6 0

3 years ago

Charlie's brother, Alexander, also consumes apples (A) and bananas (B). Alexander's utility function happens to be U(A, B) = 5A

Andrei [34K]

Solution :

$U(A, B) = 5A + 2B$