Answer: eventually rise and fall to match upward or downward changes in the price level.
Explanation:
Long-run aggregate supply (LRAS) curve simply shows the long-term output for a country. In the long-run, it should be noted that the aggregate supply curve is vertical, which shows that the changes in the aggregate demand will only result in a temporary change with regards to the total output of the economy.
The aggregate supply curve of an economy assumes that the wages and other resource prices eventually rise and fall to match upward or downward changes in the price level.
Therefore, the correct option is A.
Answer:
The amount of FICA tax withheld is $532.78
Explanation:
Earnings subject to tax = $117,000
Earnings for current month = $110,500
Therefore, the money subject to tax = Earnings subject to tax - Earnings for current month = $117,000 - $110,500 = $6500
Gross pay for current month = $8,950
Tax rate OASDI = OASDI rate × money subject to tax = 6.2% × $6500 = 0.062 × $6500 = $403
Tax rate Medicare = Gross pay for current month × Medicare rate = $8950 × 1.45% = $8950 × 0.0145 = $129.775
The amount of FICA tax withheld = Tax rate OASDI + Tax rate Medicare = $403 + $129.775 = $532.78
The amount of FICA tax withheld is $532.78
Answer:
D. 15 percent
Explanation:
Cost of the machine = $2,000
Having considered operating costs as power, taxes, and so forth, the additional revenue from the output of this machine is expected to be $2,300
Expected return = $2,300 - $2,000
= $300
Therefore, the rate of returns
= Returns/cost
=300/2000
= 0.15
In Percentage, 15%. The expected rate of return on this machine is 15%
Answer:
$3,716.37
Explanation:
Initial investment $70,000 (cost of the equipment)
Depreciation expense per year = (cost- salvage value) / useful life = ($70,000 - $0) / 5 years = $14,000
net cash flows per year (the same for every year):
[(revenues - operating expenses - depreciation expense) x (1 - tax rate)] + depreciation expense = [($30,000 - $11,000 - $14,000) x (1 - 30%)] + $14,000 = $3,500 + $14,000 = $17,500
year NCF
0 -$70,000
1 $17,500
2 $17,500
3 $17,500
4 $17,500
5 $17,500
6% discount rate
using a financial calculator, the NPV = -$70,000 + $73,716.37 = $3,716.37
$73,716.37 is the present value of the 5 future cash flows
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