If a country wants the economy to be able to produce increasing quantities of goods and services, an economic goal which the country has is: B. growth.
<h3>What is an economy?</h3>
An economy can be defined as a function of how the various means of production, money, and scarce resources (raw materials) are carefully allocated and used to facilitate the demand and supply of goods and services in a country, so as to meet the unending needs or requirements of consumers.
<h3>The five (5)
economic goals.</h3>
In Economics, there are five (5) main economic goals and these include the following:
- Full employment
- Economic growth
- Economic stability
- Equality
- Enhanced efficiency.
Basically, if a country wants the economy to be able to produce increasing quantities of goods and services, an economic goal which the country has is most likely an economic growth.
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Answer:
Dr Bonds payable $50,700
Dr premium on bonds payable $4,265
Cr Cash $53,000
Cr gain on bonds retirement($50,700+$4,265-$53000) $1,965
Explanation:
The premium yet to be amortized on the bond at retirement is the carrying value minus face value i.e $54,965-$50,700=$4265
The premium on bonds payable would now be debited with $4265
The cash paid on retirement would be credited to cash account
The face value of the bonds payable of $50,700 would be debited to bonds payable in order to show that the obligation has been discharged.
Answer:
correct option is (a) The lesser of 50% of business wages or 25% of wages plus 2.5% of the unadjusted basis of qualifying property
Explanation:
As we know that when a single taxable income of the single filer is exceed by $157,000 by the $50000 or more, then their QBI must not exceed
so
- 50% of the taxpayer's share of W-2 wages paid in respect of a qualified trade or occupation
- 25% of such salary and 2.5% on a volatile basis immediately after acquiring the tangible depreciation asset
Qualified Business Income (QBI) exemption refers to taxable income recognized by a partnership, S corporations, LLC or sole proprietorship. This is below the line deduction that does not deduct your AGI, but it does reduce the amount of taxes.
Answer:
Annual Dividend Amount is approximately $0.85
Explanation:
Dividend yield = Annual Dividend Amount / Current selling price
∴ Dividend yield * Current selling price = Annual Dividend Amount
Annual Dividend Amount = $36.75 * 2.3%
=$36.75 * 0.023
=$0.84525
Annual Dividend Amount = $0.85 (approximately)
