Answer:
False
Explanation:
Employee overstating the reimbursable expenses is a fraudulent activity in itself. There's no point in expecting to reducing expenses in the next period for compensating this year's overstating.
Answer:
Here, Kevin is an entrepreneur.
Explanation:
- An entrepreneur is someone who has creative ideas that identifies the need of the society and uses the opportunity to earn profit.
- There is no specific age for entrepreneurs. Creativity, thirst for work, optimism are some characteristics of entrepreneurs.
- They are very curious, optimistic and opportunistic. They train their minds to find solution to problems in the surrounding.
- Here, Kevin used his own ideas and identified the need for business in graphic design and started a graphic design business evaluating its risks and benefits. SO, he is the entrepreneur.
Answer:
withdraw amount = 28532.45
so correct option is a. $28,532
Explanation:
given data
present amount = $275,000 bonus
interest rate = 8.25% per year = 0.0825
time period = 20 year
solution
first we get here Cumulative discount factor that is
Cumulative discount factor = 
.........................1
here r is rate and t is time period
put here value and we will get
Cumulative discount factor = 
solve it we get
Cumulative discount factor = 9.638148
and now we get so here withdraw amount at the end of each of the next 20 years that is
withdraw amount = Present amount ÷ cumulative discount factor ............2
put here value
withdraw amount = 
solve it we get
withdraw amount = 28532.45
so correct option is a. $28,532
Answer:
Annual depreciation 2017= $54,000
Explanation:
Giving the following information:
The company purchased equipment on January 1, 2017, for $600,000. The residual value is $60,000 and the estimated useful life is 10 years.
Under the straight-line depreciation method, the annual depreciation is the same in all of the useful life. We need to use the following formula:
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (600,000 - 60,000)/10= $54,000
Answer:
1. The Fed uses open market operations to increase the money supply, thus lowering interest rates and stimulating investment.
Expansionary monetary policy is done to stimulate economy by increasing money supply. It lowers interest rates and leaves more money for consumption and investment.
2. Increased aggregate demand leads to some higher prices and more total output.
Increased AG will lead to prices being higher in response. This would spur producers to produce more thereby increasing output.
3. Sticky input prices adjust to inflation.
Input prices will rise overtime to match the increase in prices.
4. Producers lay off some workers in response to higher input prices, causing a decrease in aggregate supply.
When the inputs rise, production becomes more expensive so producers will have to lay off workers to maintain profitability. They will also supply less goods as a result.
5. In the long run, equilibrium returns to the same initial production level.
In the long run therefore, the reduction in AS leads to production returning to pre-monetary policy figures.
