Answer:
a) -4
b) -12 billion
Explanation:
Question 1) Calculate the Tax Multiplier
FIrst, we know that the Marginal Propensity to Consume = 0.8
Based on this, the formula is as follows:
Multipier = -Marginal Propensity to Consume/ (1-Marginal Propensity to Consume)
Multiplier = -0.8/ (1-0.8) = -0.8/ 0.2 = -4
The Tax Multiplier = -4
Question 2) The resulting change in the equilibrium quantity of real GDP demanded
Change in Demand = Change in Tax x The Tax Multiplier
Change in Demand = $3 billion x -4
= -12
This means that the equilibrium quantity of the real GDP is -12 billion
Answer: Option (B)
Explanation:
From the given options, option (B) is correct. The triple bottom line also known as T.B.L. It is referred to as an accounting groundwork with the 3 parts:. These are as follow: social, environmental and financial. Most of the organization tend to adopt the Triple Bottom Line framework in order to appraise performance in wider perspective so as to create better organization value.
Answer:
None of the given options.
Depreciation expense for year 1 would be $37,500.
Explanation:
Cost = $400,000
Residual value = $50,000
Expected hours = 40,000
Working hours (year 1) = 6,000 hours
Now,
Depreciation per hour = 
Depreciation per hour = 
Depreciation per hour = 
Depreciation per hour = $6.25
Depreciation expense (year 1) = Depreciation per hour × Working hours (year 1)
Depreciation expense (year 1) = $6.25 × 6,000
Depreciation expense (year 1) = $37,500
Answer:
Amount to pay by PAP = $39,600
Explanation:
The liability limits of $20,000/$40,000/$20,000 implies that the highest amount PAP will pay for driver's injuries is $20,000, while the highest to pay for the first of two passenger is $40,000 and $20,000 for second passenger.
Since the a passenger received injuries worth $12,500, and another passenger received injuries of $7,100, the PAP will the actual amount and $20,000 for the driver's injuries. The total can therefore be calculated as follows:
Amount to pay by PAP = $20,000 + $12,500 + $7,100 = $39,600
I believe your answer is A: Unearned Revenue.
Because, if a business has received cash, in advance of services performed, and credits a liability account, the adjusting entry needed, after the services are performed, will be debit Unearned Revenue and credit Cash.
