Answer:
15.90%
Explanation:
TO calculate the percentage of its budget is allocated annually to healthcare we need to calculate total tax revenue in a year by multiplying the quarterly tax revenue by 4. and then divide the health care allocation percentage by dividing the amount of health care by total tax revenue in a year.
Quarterly tax revenue = $33 billion
Number of quarters in a year = 4
Yearly tax revenue = $33 billion x 4
= $132 billion
Annual allocation to healthcare = $21 billion
Annual allocation to healthcare = ($21 billion/$132 billion) x 100
Annual allocation to healthcare = 15.90%
Unemployed means Unemployed so i'd go with the first option. But i'm not sure so i'd wait for another answer
Answer:
$50,000
Explanation:
Since Tinsel Co.’s balances in allowance for credit losses were $70,000 at the beginning of the current year and $55,000 at year end.
If during the year, receivables of $35,000 were written off as uncollectible, the amount that Tinsel should report as credit loss expense at year end is $50,000 and this is derived by
Opening balance .................................... 70,000
Add: Receivables written off .............. .35,000
less: Closing balance .............................<u>(55,000)</u>
= Amount of credit loss for the year - <u>50,000</u>
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Answer: An individual cartel member has an economic incentive to sell more than its quota, thus cheating on the cartel agreement. However, if all cartel members sell more than their quotas, the cartel price will fall, and profits will vanish
Explanation: A cartel is defined as group of businesses or nations that collude to limit competition within an industry or market. Thus, a major purpose of a cartel is to drive up price and profits thus restricting market output. This restriction however, requires cartel members to sell no more than their given quotas which provides individual cartel member with economic incentives to sell more than its quota resulting in cheating and a breach of cartel agreement. This leads to a fall in cartel price and vanishing profits should all members sell above their quotas which is a direct contradiction to the purpose of cartels.
Answer:
Retained earnings on the December 31, 2019: $253,000
Explanation:
Ending balance in retained earnings is calculated by using following formula:
Ending balance in retained earnings = Beginning balance in retained earnings + Net income - Cash dividends - Stock dividends
Grizzly Company had Retained Earnings at December 31, 2018 of $210,000. Beginning balance in retained earnings at January 01, 2019 is $210,000
Net income = Revenues - Expenses = $410,000 - $355,000 = $55,000
Ending balance in retained earnings = $210,000 + $55,000 - $12,000 = $253,000
