Answer:
b. $288,000
Explanation:
Data provided
Beginning retained earning = $256,000
Net income = $44,000
Dividend = $12,000
The computation of retained earnings balance is shown below:-
Retained earnings balance = Beginning retained earning + Net income - Dividend
= $256,000 + $44,000 - $12,000
= $288,000
Therefore for computing the retained earning balance we simply applied the above formula.
According to question, there be an inflationary expenditure gap or a recessionary expenditure gap of between 4.2 % .
<h3>
Recessionary expenditure gap ?</h3>
A recessionary gap, also known as a contractionary gap, is the discrepancy between actual and prospective production in an economy. Gross domestic product (GDP), a measure of an economy's output used to compare annual growth between nations, is calculated for each country. A slowdown in economic activity that lowers a country's GDP is known as a recession. A contractionary gap in the business cycle occurs when an economy is not operating at equilibrium or at its maximum level of production.
GDP swings are referred to as the business cycle. There are four phases: the trough, growth (or recovery), the peak, and the recession. The low point of the business cycle is during trough times. When production is low and unemployment is high, this happens.
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Answer:
Below in the attached image is a well formatted solution to the above question as required
Answer:
TVM=34,720*0.075/12 : [1-(1+0.075/12)^-48]
TVM=839.49
Explanation:
An=34,720
t=4 yrs , ---> n=48 (4*12)
j=7.5 %.---> i=0.075/12
m=12
* i=j/m
*n=mt
TVM=An*i : [1-(1+i)^-n]
TVM=34,720*0.075/12 : [1-(1+0.075/12)^-48]
TVM =839.49 (round two decimal)
Answer:
excise
Explanation:
A tax is a compulsory sum levied by the government on goods and services. Taxes increase the price of a good
excise tax is a type of tax levied on certain good and services. It is an example of an intranational tax. Producers pass on this tax to consumers by increasing the price of the good directly
