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Answer: Equilibrium income will increase by $800 million
Explanation:
When taxes rises means tax rate increased, an increase in tax rate decreases consumption and income. Increase in Government spending increases income
the increase Government Spending by $2 Billion will increase income by $2 Billion. An increase in taxes will decrease Consumption by $1.2 Billion ($2 billion x 0.6)
Equilibrium income will increase by $800 million (2 billion - 1.2 billion)
Missing information attached along with the complete worksheet
Answer:
rent expense 1,700 debit
prepaid rent 1,700 credit
dep expense 350 debit
acc dep equip 350 credit
advertizing expense 1,400 debit
prepaid advertizing 1,400 credit
Explanation:
advertizing:
5,600 divide into 4 months = 1400 accrued per month
depreciaton:
42,000 / 10 years = 4,200
then we divide by 12 month: 350
Answer: The answers are given below
Explanation:
From the question, we are informed that First National Bank charges 14.4 percent compounded monthly on its business loans and that First United Bank charges 14.7 percent compounded semiannually. Calculate the EAR for First National Bank and First United Bank.
The formula to calculate the effective annual rate will be:
EAR = (1+ i/n)^n – 1.
where,
n = number of compounding periods for the year.
First National Bank is compounded monthly on its business loans. This means that n = 12 since there are 12 months in a year.
First United Bank is compounded semiannually. This means that n = 2 since it's compounded semiannually.
EAR for First National Bank will be:
n = 12
I = 14.4% = 14.4/100 = 0.144
EAR = (1+ i/n)^n – 1
= (1 + 0.144/12)^12 - 1
= (1 + 0.012)^12 - 1
= (1.012)^12 - 1
= 0.1539
=15.39%
EAR for First United Bank will be:
n = 2
i = 14.7% = 14.7/100 = 0.147
EAR = (1+ i/n)^n - 1
= (1 + 0.147/2)² - 1
= (1 + 0.0735)² - 1
= (1.0735)² - 1
= 0.1524
= 15.24%
Answer:
answer is $3000 to$12000 hope it will help you