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CaHeK987 [17]
10 months ago
13

Knowledge Check 01

Business
1 answer:
qwelly [4]10 months ago
6 0
Budgeting involves planning
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Mining Corporation bought land for $330,000 (residual value $22,000) that is estimated to yield 660,000 pounds of a removable na
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Answer:

35933

$46,200

Explanation:

Depletion = amount of pounds extracted x depletion factor

depletion factor  = (cost of asset - salvage value) / estimated yield

(330,000 - 22,000) / 660,00 = 0.467

2021 = 0.467 x 99,000 = $46,200

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3 years ago
Frederick works in a local government for a certain city. One his primary responsibilities is to check whether the city’s contra
7nadin3 [17]

Answer: B - City administrator

Explanation: took the plato test

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3 years ago
Consider two of the income security programs in the United States: Temporary Assistance for Needy Families (TANF) and the Earned
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Answer:

a. When a woman with children and very low income earns an extra dollar, she receives less in TANF benefits. This feature of TANF will cause the labor supply of low-income women to be <u>LOWE</u>R. One of the most important characteristics of TANF is that as the beneficiary starts to earn money, they start losing benefits. The more money they earn, the less benefits they receive.

b. The EITC provides greater benefits as low-income workers earn more income (up to a point).

<u>True</u>

This feature of EITC will decrease the labor supply of low-income workers. <u>b. False</u>

Earned income tax credit (EITC) is a refundable tax credit aimed at low income workers (and low middle income workers) with children. The tax credit received by the beneficiaries of this program depend on their income levels and number of children. E.g. during 2020, the EITC for joint filers earning up to $52,493 and having 2 children is $5,828. This program increases the labor supply of low income workers, it doesn't decrease it. If you do not work, you do not receive EITC.

4 0
3 years ago
An example of the ___________ effect is when BMW gained in-depth information about visitors to a popular Chinese social media si
Bezzdna [24]

Answer:

information effect.

Explanation:

Based on the information provided within the question it can be said that the effect being illustrated in this scenario is known as the information effect. This term refers to when a company obtains confidential information that allows them to make specific decisions to drastically increase their position within the market. Such as BMW is doing by using the information to target the correct population segment within the market.

5 0
3 years ago
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What change could be considered an effective sign of economic recovery from the Great Recession?
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Answer:

The answer is C. architecture and construction industry demonstrating a sustainable level of growth

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3 years ago
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