To find the EAR:
EAR = (sold price/purchase price)^(days in year/days you had it) -1
EAR = (9,675/9,575)^(365/60)-1
EAR = .06524
Then to make the decimal a percentage multiply the answer by 100.
EAR = .06524(100)
EAR - 6.52%
$342,000
Regardless if the amount of supplies has not been paid or not, it is still accounted for in the balance sheet. You would have a debit of 342,000 for supplies, credit of supplies payable of 240,000 and a credit to cash for 102,000 assuming that the difference between both amounts was paid for with cash.
Answer:
The correct answer is option A.
Explanation:
Income tax is a tax imposed by the government on the income earned by the individuals. This income can be from capital and labor. It creates a deadweight loss in the market for labor and capital.
Deadweight loss is the loss to economic efficiency and production caused by a tax. The imposition of a tax creates a tax wedge, this tax wedge leads to a deadweight loss. Deadweight loss due to income tax is the loss of purchasing power or reductions standard of living due to tax.
The inefficiency or tax burden depends upon the elasticities of demand and supply. Whoever has the least elasticity will share most of the tax burden.
Answer:
Acceleration, a = 28m/s²
Explanation:
Given the following data;
Initial velocity, u= 150m/s
Final velocity, v = 10m/s
Time, t = 5secs
To find the acceleration;
Acceleration, a = (v-u)/t
Substituting into the equation, we have;
Acceleration, a = (150-10)/5
Acceleration, a = 140/5
Acceleration, a = 28m/s²
Therefore, the acceleration of the drag racer is 28m/s².
