Answer:
$3.2 million
Explanation:
The revenue and gross profit or loss which the company identify in the first and second year if it recognizes revenue upon contract completion is calculated below.
Total costs = Incurred costs + estimated costs to complete = $8 million + $12 million = $20 million
Revenue to recognize = $8m/$20m*$28m = $11.2 million
Gross Profit = Revenue recognized less costs incurred
= $11.2m - $8m = $3.2 million
When there is an increase in education and training of the workforce then it leads to a rise in production function in aggregate.
Option B is the correct answer.
<h3>What is the workforce?</h3>
The workforce is referred to the individuals who are being employed in an occupation. It is also known as the labor force or workers or employees.
When the workforce is educated and provided training in the respective areas of their interest fields, then it develops their personality and makes them skilled workers. This results in increasing the production in aggregate for the company in which they are working.
Therefore, the production function aggregately rises due to the increase in the education and training of the workers.
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The preferred stock effect is not a notion that can be used to explain abnormally high excess stock returns.
<h3>What is the preferred stock?</h3>
The term "stock" refers to a company's ownership or equity. Common stock and preferred stock are the two forms of equity. Preferred investors are entitled to more dividends or asset distributions than common stockholders. The specifics of each preferred stock vary depending on the issuance.
When it comes to dividends, preferred stockholders have a preference over ordinary stockholders, which typically yield more than common shares and might be paid monthly or quarterly. These dividends can be fixed or determined by reference to a benchmark interest rate, such as the London Interbank Offered Rate.
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Answer: -9
Explanation:
The Tax multiplier of a nation shows how much the aggregate demand of an economy will change if there is a change in taxes.
It is calculated by the formula:
= -MPC / ( 1 - MPC)
= -0.9 / (1 - 0.9)
= -9
<em>If taxes are reduced, aggregate demand would increase by 9 times. </em>
