Answer: tax revenue
Explanation:
The Laffer Curve was developed by Arthur Laffer and it depicts the relationship that exists between the tax rates and tax revenue.which the government collects.
The curve is typically used to show that there can be an increase in the total revenue for an economy when the tax rate is reduced.
Answer:
Explanation:
September October Nov December
Opening cash balance - 9250 3490 3290 3090
Football tickets (160)
Entertainment (250) (250) (250) (250)
Tuition fee (4,800)
Rent (600) (600) (600) ( 600)
Food (550) (550) (550) (550)
Apartment deposit (600) 600
Earning 1200 1200 1200 1200
3490 3290 3090 3490
Covaig Kovar does not have enough cash for the tuition
The projected cash balance of $3490 is less than the tuition of $4800 by $1310
With this budget he is able to realize that he needs to augment his cash inflow or cut his expenses to meet up
Answer:
a. Variable cost
Explanation:
Variable cost -
It refers to the amount of money which increases or decreases with the production output , is referred to as variable cost .
Variable cost is directly proportional to the production .
For example , the cost of raw material increases as the production of the output increases .
In numerical terms , the variable cost is the sum of the marginal cost over the total units .
The summation of the fixed cost and variable cost gives the total cost .
Hence , from the given scenario of the question ,
The correct option is a. Variable cost .
Answer:
The correct answer is option B.
Explanation:
The political business cycle can be defined as the fluctuations in the economy caused because of political activities. Often before elections, politicians enact expansionary policy to show economic growth to prove their competence.
But if used in excess these policies can be harmful to the long term growth of the economy. So after getting re-elected, politicians who are aware of the negative effects of these policies will reverse these policies and adopt a contractionary policy to reduce inflationary pressures.
Answer:
The correct answer is A.
Explanation:
Giving the following information:
The following information related to inventory for Shoeless Joe Inc.
Date Quantity Price
March 1 Beginning Inventory 20 $2
March 7 Purchase 15 $3
March 11 Sale 30 $7
March 12 Purchase 15 $6
Average cost= (2+3+6)/3= $3.67
COGS= 3.67*30= $110
