Answer:
False
Explanation:
A country has comparative advantage in production if it produces at a lower opportunity cost when compared with its trading partners.
I hope my answer helps you
The largest proportion of federal revenues comes from C. Personal income taxes.
Answer:
It cost $5.84 to run the LED bulb for one year if it runs for five hours a day.
Explanation:
E = Pt
= (16W)(365*5)
= 29200Wh
= 29.2 kWh
cost of operation = E($0.2/kWh)
= (29.2 kWh)($0.2/kWh)
= $5.84
Therefore, It cost $5.84 to run the LED bulb for one year if it runs for five hours a day.
Answer:
$1,388,200
Explanation:
The total stock holders equity as at the end of the year shall be determined as follows:
Common stock Retained Earnings Total
Balance of Jan 1 $597,000 $690,000 $1,287,000
Net income for year $96,000 $96,000
Dividend paid ($14,800) ($14,800)
Common stock $20,000 $20,000
Balance at year end $617,000 $771,200 $1,388,200
Answer: $1091.61
Explanation:
From the question, we are told that fifteen years ago, Mr. Fairhold paid $50,000 for a single-premium annuity contract and that this year, he began receiving a $1,300 monthly payment that will continue for his life and based on his age, he can expect to receive $312,000. The amount of each monthly payment is taxable income to Mr. Fairhold goes thus:
Based on the question, Mr Fairhold will have a tax free return of the $50,000 paid. The exclusion ratio will be the investment divided by the expected return. This will be:
= $50,000/$312,000
= 0.1603
Since he received monthly payment of $1,300 and exclusion ratio is 0.1603, the tax free return on investment will be:
= $1,300 × 0.1603
= $208.39
Taxable annuity payment will now be:
= $1300 - $208.39
= $1091.61
