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3 years ago

Suppose profits are less than zero. From this it follows that:

Business

1 answer:

Vladimir [108]3 years ago

6 0

Answer:

D. the sum of employee compensation, rents, and interest exceeds aggregate income.

Explanation:

Aggregate income is defined as the total income in an economy of a company that does not take into account inflation, taxes, or double counting.

Aggregate income is equal to summation of employee compensation, interest, rent, and profits.

If profits are less than zero it follows that the other elements of aggregate income, that is the sum of employee compensation, rents, and interest exceeds aggregate income.

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What investment per quarter does Luisa need to make at the end of each quarter into her savings account over 8 quarters to reach

EastWind [94]

Answer:

c. $1,010.36

Explanation:

Options <em>" ) $1,610.36 2) $522.93 3) $1,010.36 4) $110.02"</em>

<em />

Future value = Pmt * ((1+r)^n - 1) / r

Pmt = FV / ((1+r)^n - 1) / r

Size of the deposit = 10,000 / ((1.06^8) - 1) / 0.06

Size of the deposit = 10,000 / (1.59384807453 - 1) / 0.06

Size of the deposit = 10,000 / (0.59384807453/0.06)

Size of the deposit = 10,000 / 9.897467908833333

Size of the deposit = 1010.359426482723

Size of the deposit = $1,010.36

4 0

3 years ago

(A) Prepare an individual income tax return.George Large (SSN 000-11-1111) and his wife Marge Large (SSN 000-22-2222) live at 20

tatuchka [14]

Answer:

Explanation:

prepare from 1040 to disclose Income and respective Tax

FORM 1040

Amount ($)

Salary Received 80,000

Business Income- Wn1) 2,789

Total Income 82,789

Less - Itemized wise Deduction-Wn2 21,405

Total Income 61,384

Standard deduction 11,900

Total Taxable Income 49,484

tax

From 0-$17400 10% 1,740

From $17400-$70700 15% 4,813

Total Tax Liability 6,553

Schedule A

wn2

Real Estate Tax 2,500

Interest on Mortgage 4,500

Gifts to Charity 3,500

Unreimbursed Job Expeses(FORM 2106) 10,905

Total Itemized wise Deduction 21,405

wn1

Income from rubbery toy boat 15,000

Less cost

Cost of suppies 5000

Business phone call 3500

Cost of suppies 500

Total 9000

Total Business Income 6,000

Less- FORM 8829 Expeses 3211

Business Income- 2,789

FORM 2106

Car expenses 9990

Travelling Expense 665

Meal Expenses 5500

Total 10655 5500

Less Reimbursement 5000

Total 10655 500

Expenses Allowed 10655 250

Total 10905

FORM 8829

25% is used for Business

Income from buisness 6000

Mortgage Interest' -1125

Reat estate tax -625

Utility Bills -500

Depreciation -961

Total Business Income 2789

Calculate depreciation

Lesser of fair market value or adjusted cost 1,70,000

Less - value of Land -20,000

Total 1,50,000

Basis of building 37,500

rate of depreciation 2.56%

960

3 0

3 years ago

In a fuel economy study, each of 3 race cars is tested using 5 different brands of gasoline at 7 test sites located in different

romanna [79]

Answer:

210

Explanation:

The number of race cars = N₁ = 3
The number of gasoline brands = N₂ = 5
The number of test sites = N₃ = 7
The number of drivers that participated = N₄ = 2

This study must include each N₁, and it has to be done at each N₃, using each N₂, while carried out by each N₄ ⇒ that means that the total number of possibilities:

N₁ x N₃ x N₂ x N₄ = 3 x 7 x 5 x 2 = 210

The total number of test runs is 210.

4 0

3 years ago

Refer to the data for a private closed economy. If gross investment is $12 billion, the equilibrium level of GDP will be:

mezya [45]

Answer: $360 billion

Explanation:

In a private closed economy, there will be two components missing which are Government spending and Net exports.

There will be no Government spending because the economy is private and there will be no net exports because the economy is closed.

GDP will therefore be:

= Consumption + Investment

If Investment is $12 billion then the equilibrium level of GDP will be the GDP which when Consumption is deducted, the investment amount of $12 billion will be the result.

That GDP level is $360 billion.

When the consumption amount of $348 billion is subtracted from the GDP, you get $12 billion for investment.

4 0

3 years ago

Classical economists saw the depression as a political problem, not an economic problem. why?

navik [9.2K]

Classical economists saw the depression as a political problem, because they believed labor unions were stopping the wage level from moving to the right level.

<h3>Classical economists</h3>

The Classical economists believe that the great depression experience was as a result of as a political problem.

The reason why they believe it was political problem was because they felt the labor unions who is the union responsible for fight for the right of workers were the one that stop or prevent the wage level from moving to the right level.

Therefore they believed that labor unions were stopping the wage level from rising.

Learn more about Classical economists here:brainly.com/question/419703

#SPJ12

5 0

2 years ago