Answer:
b. 7 percent
Explanation:
Benefits here means the statutory benefits that the employees have a right to receive. These on the legal terms are the requirements, as the employer is required to contribute around 7.65% of the salary paid to the employee towards benefits of social security and Medicare.
This clearly is the standard set for the payroll. Now this also provides for the minimum contributions, thus it provides that at-least these are to be made.
Thus, each employer when making a standard salary shall contribute more than 7% towards the benefits of the employees.
The amount of tax revenue is $130 billion and teh governemnt budget balance is negative 10 billion
<u>Explanation:</u>
We are given
I = 130 billion, S = 110 billion, G = 120 billion, X = 210 billion and M = 220 billion, we need to derive tax revenue = T??
At equilibrium; S+T +M = I+X+G or
110 + T + 220 = 130 + 210 + 120 or
T + 330 = 460, implies tax revenue (T) = $130 billion
the government budget is calculated as follows:
Government budget = G-T = 120 minus 130 = -10 billion
Answer:
A.
Explanation:
The cost principle means that in accounting, any transaction is recorded at the historical purchase price.
A fair value is the amount at which an asset could be exchanged in an arm´s length transaction between knowledgeable and willing parties.
Revaluation of fixed assets is not allowed for GAAP.
An appreciated value is an increase in the value of an asset over time.
A market value is the price at which a product or service could be sold in a competitive, open market.
Answer:
b
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Answer:
$46.31
Explanation:
Calculation to determine the current share price
Using this formula
Current share price=6.5*Present value of annuity factor(9.1%,12)
Present value of annuity=Annuity*[1-(1+interest rate)^-time period]/rate
Let plug in the formula
Current share price=6.5*[1-(1+0.091)^-12]/0.091
Current share price=6.5*[1-(1.091)^-12]/0.091
Current share price=6.5*7.124793
Current share price=$46.31
Therefore the current share price will be $46.31
