Answer:
Nothing.
Explanation:
It is known that a good credit score generally comes from a history of managing money responsibly. This doesn’t mean you shouldn’t borrow money though; in fact, companies often like to see a track record of timely payments and sensible borrowing. In Leon's case, he has no dealings with credit cards as he makes all his transaction with physical cash; therefore he has no credit score in any way.
Leon has to work towards improving his poor credit score or need to build up credit history from nothing.
Answer:
According to the sticky-wage theory, the economy is in a recession because the price level has declined so that real wages are too high, thus labor demand is too low.
According to the sticky-price theory, the economy is in a recession because not all prices adjust quickly.
According to the misperceptions theory, the economy is in a recession when the price level is below what is expected.
Explanation:
The above mentioned are the three theories of the upward slope of the short-run aggregate-supply curve.
Answer:
$10,000
Explanation:
Depreciation of an asset is the systematic allocation of estimated cost to an asset over time. It is added over the years to get the accumulated depreciation that is netted off the cost to get the net book value.
It is given as
Depreciation = (Cost - Salvage value)/Estimated useful life
Depreciation expense for Year 1 (the first year of the asset's life) under the straight-line method would be
= ( $60,000 - $10,000 ) / 5
= $50,000/5
= $10,000
