Answer:
C. the Phillips curve is vertical
Explanation:
Philips Curve shows the inverse relationship between inflation rate & unemployment level. High inflation rate implies low unemployment rate; and low inflation rate implies high inflation rates. Economic growth (output rise) leads to inflation & reduces unemployment ; Economic slowdown (output fall) leads to deflation & increases unemployment.
However; In long run, real GDP (output level) returns to its potential level. So; output level defining the inverse relationship (trade off) between inflation rate & unemployment level, is stable. Hence, inflation rate & unemployment level have no inverse (trade off) relationship & they are unrelated. Therefore, the long run Phillips curve is vertical.
Nah I don’t think the us really needs to trade with Canada
Answer and Explanation:
The Journal entries are as follows:
On January 1
Petty cash Dr. $140
To cash $140
(Being the petty cash fund is recorded)
On January 8
Postage expense Dr. $47
Merchandise inventory Dr. $12
Delivery expense Dr. $14
Miscellaneous expenses Dr. $36
To Cash $109
(Being the reimbursement of the petty cash fund is recorded)
On January 8
Petty cash Dr. $450
To cash $450
(being the increase in petty cash fund is recorded)
Only these three entries are recorded
Answer:
$320 left for me after all taxes have been paid.
Explanation:
Individual Tax is paid on dividend received from the investment in the shares. The corpporation declare the dividend after deducting the corporate tax.
Amount of Earning = Number of shares x Per share earning = 100 shares x $4per share = $400
Earning After tax = Amount of Earning x ( 1 - Individual Tax rate )
Earning After tax = $400 x ( 1 - 0.20 )
Earning After tax = $400 x 0.8
Earning After tax = $320
A business plan is important because it can help secure and protect your business from financial issues.
