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3 years ago

Government can encourage entrepreneurs by

1 answer:

7 0

A. Tax incentives. Entrepreneurs are being encouraged by the government to put up business through tax incentives. Tax incentives may be in the form of tax holiday wherein the firm will not pay taxes for a certain period of time provided that it meets all the conditions laid out by the government. Another incentive would be a tax reduction or rebates. Tax exemptions are also a form of tax incentive to invite entrepreneurs to do business.

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Which of the following is a characteristic of a public good?

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The answer is B trust me

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2 years ago

A commercial bank has $50 million in checkable-deposit liabilities and $10 million in actual reserves. The required reserve rati

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The bank’s excess reserves are $6 million.

The required reserve ratio is 8%. It means that banks should keep 8% in their deposits as required reserves. The bank has a deposit of $50 million. It means it has to maintain only $4 million(50×0.08 )i.e 8% of 50 million, as a required reserve. Excess reserves are the reserve, over and above required reserves. If overall reserves are 10 million and required reserves are only 4 million then excess reserve =6 million (10 -4)

The reserve ratio is the portion of reservable liabilities that business banks must keep onto, rather than lend out or invest. this is a requirement decided with the aid of the country's primary bank, which in America is the Federal Reserve. it is also known as the cash reserve ratio.

A reserve assets ratio for a bank which units the minimal liquid reserves that a bank ought to hold in the event of a sudden boom in withdrawals. A high reserve property ratio may limit the lending that a bank is able to do – it must maintain better amounts of cash.

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2 years ago

allatin County Motors Inc. assembles and sells snowmobile engines. The company began operations on July 1 and operated at 100% o

vodomira [7]

Answer:

Sales 2,600,000

Less Cost of Goods Sold

Opening Stock 0

Add Cost of Goods Manufactured

Direct materials 1,218,000

Direct labor 522,000

Variable factory overhead 87,000

Fixed factory overhead 130,500

Less Closing Stock (350×(1,957,500/4,350) (157,500) (1,800,000)

Gross Profit 800,000

Less Expenses

Selling and administrative expenses:

Variable selling and administrative expenses (60,000)

Fixed selling and administrative expenses (25,000)

Net Income 715,000

Explanation:

Product Cost (Absorption Costing) = Direct Materials + Direct Labor + Variable Overhead + Fixed Overheads

Period Cost (Absorption Costing) = All Non- Manufacturing Overheads

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3 years ago

Corning, Inc. transforms a blend of materials to create optical fiber capable of carrying much of the telephone traffic in the U

astra-53 [7]

Answer:

B. Industrial

Explanation:

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3 years ago

If, in the long run, real GDP returns to its potential level, then in the long run, A. the Phillips curve represents a struc

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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.

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3 years ago

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