Answer:
Option C is correct
Explanation:
Using straight line depreciation method we can calculate the annual depreciation of the machinery, which can be calculated from the following formula:
Straight Line Depreciation = (Cost - Salvage Value) / Useful value
Straight Line Depreciation = ($95000 - $5000) / 5 years life = $18,000
The double entry would be:
Dr Depreciation Expense $18,000
Cr Accumulated Depreciation $18,000
Answer:
$17.9469
Explanation:
Calculation for what dollar wage must be paid in the third year
Since the first year is tend to be the base year in which the real wage and nominal wage are both $15 per hour in that year.
The real wage is suppose to increase by 2 percent in the second year which means that the real wage in year two will be $15.30 ($15 * 1.02) per hour.
In a situation where the real wage was supposed to also increase by 2 percent in the third year, this means that the real wage in year three will be $15.606 ($15.3 * 1.02) per hour.
Therefore In order for us to find the nominal wage in third year , we have to index the real wage in order for it to adjust for inflation. Thus the nominal wage in third year will be $17.9469($15.606 * 1.15).
Therefore what dollar wage must be paid in the third year will be $17.9469
A: raises
B: lowers
c: does not change
I would put B as the answer because the government helps control the price so everyone can rent an apartment.
Answer:
1. False 2. True
Explanation:
1. The candidate for political office announcing that the policy to reduce immigration from abroad which, he says, economics clearly demonstrates will lead to higher output in the long run; is false.
What increases output are the factors of production of which labor is a major component. When there are more people willing and able to work in an economy, <u>they help companies to produce more output but that is not the case when immigration is reduced, obviously that would reduce productivity and output.</u>
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2. However his second claim is right, that making trade more open between the US and other countries will increase output on the long run.
Trade barriers like tariffs and duties impede the level of trade between countries which could either reduce the amount of money countries make after netting off custom duties or the price of imported goods are increased by the effect of tariffs. Increased price means reduced demand
<u>Hence if tariffs are replaced with subsidies in open trade, prices of U.S imported goods will fall and demand will increase.</u>
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