Answer:
Midpoint elasticity = 2.38
Supply of labor is Elastic
Explanation:
Midpoint elasticity = (Change in labor supplied / Average labor supplied) / (Change in wage rate / Average wage rate)
When Change in labor supplied= 19-10=9
Average labor supplied=(19+10)/2 =14.5
Change in wage rate=65-50=15
Average wage rate
=(65 + 50)/2=57.5
Midpoint elasticity = (9/14.5) / (15/57.5)
= 0.62/0.26
= 2,3846
= 2.38
Since elasticity is higher than 1, supply of labor is Elastic.
Answer:
$9,800
Explanation:
The computation of the supplemental operating cash flow for the first year is shown below:-
For computing the supplemental operating cash flow for the first year first we need to follow some steps to reach the answer which is here below:-
Total Inflows = Annual savings in cost + Increase in earning
= $5,000 + $6,000
= $11,000
Earnings before tax = Total Inflows - Depreciation
= $11,000 - $8,000
= $3,000
Tax = Earnings before tax × 40%
= $3,000 × 40%
= $1,200
Earning after tax = Earnings before tax - Tax
= $3,000 - $1,200
= $1,800
Cash flow in year 1 = Earning after tax + Depreciation
= $1,800 + $8,000
= $9,800
So, for computing the cash flow in year 1 we simply added earning after tax with depreciation.
A project has a team member who routinely is not showing up to meetings or completing assignments. the appropriate place to capture this would be issue log.
<h3>What is issue log?</h3>
This is a register that contains all happening around a project.
Negative issues that affects that project is also recorded for reviews and furthermore deliberation.
Therefore,
Aproject has a team member who routinely is not showing up to meetings or completing assignments. the appropriate place to capture this would be issue log.
Learn more in project team below
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A dynamic forecast of the incremental revenue from a tax rate increase Presumes that taxpayers modify their behavior and the tax rate and tax base are correlated.
Explanation:
The dynamic forecasting uses the magnitude of the dependent variable for the measurement of the next expected value. From the other side, for each following prediction, static forecast uses the real value.
A dynamic forecast for such an increase in tax receipts presumes that:
A) taxpayers will not change their attitudes as a result of the increase in tax rates.
B) The tax base increases by as much as the increase in rates.
C) The base tax falls to the same degree as the increase rate.
D) The tax rate is associated with the tax base.
Answer: A) Fair value of the asset(s) given up.
Explanation:
Non-monetary exchange occurs when non-financial assets are exchanged in a transaction. Recording this transaction is based on the fair value of the assets exchanged and the recording is usually done in one of 3 ways being,
1. At the fair value of the asset transferred in exchange for it with a gain or loss on the exchange being recorded.
2. At the fair value of the asset received, if the fair value of this asset is more evident than the fair value of the asset transferred in exchange for it.
3. At the recorded amount of the surrendered asset, if no fair values are determinable or the transaction has no commercial substance.
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