You could say something like "From this day forth all staff in the in-house sales department and <span>the traveling sales department. All men must wear suit and tie, and all women must be dressed in jeans and a long sleeve shirt!?"</span>
Answer:
C) over time inflation will fall back down to the inflation target.
Explanation:
In the scenario, there is a positive aggregate demand shock which will lead to inflation because prices of goods will rise as aggregate demand increases with supply being unchanged
<u>A demand shock is a sudden event that increases or decreases demand for goods or services temporarily. A positive demand shock increases aggregate demand and a negative demand shock decreases aggregate demand. </u>
<u>Therefore there will be an initial inflation with the shock but since demand shocks are temporary and the central bank commits to an inflation rate target, then over time inflation will fall back down to the inflation target.</u>
<u>Answer: </u>A deduction for a loss incurred on the sale of a capital asset held for investment is a deduction for AGI.
<u>Explanation:</u>
AGI means the Adjusted gross income in the US tax system. Specific deductions are made from the individuals gross income to arrive at the AGI. the income which is taxable is calculated from the adjusted gross income from which personalized exemptions and itemized deductions.
In this case Sara has got a loss of $2,000 on the investment so this amount is deducted as a capital loss for AGI. AGI factors many allowable deductions from the gross income on which the income tax liability is calculated.
The purpose of financial accounting is to provide information that helps with the assessment of a firm's financial history and current performance. Financial accounting includes income statements, balance sheets, and statements of cash flows.
Answer:
$448,800
Explanation:
The computation of the ending balance of PBO is shown below:
Beginning balance of PBO $390,000
Add: Service cost $92,000
Add: Interest ($390,000 × 12%) $46,800
Less: Pension Benefit paid ($80,000)
Closing balance of PBO $448,800
We simply applied the above formula to find out the ending balance of PBO
