Answer:
The uniform amount that can be used for scholaship, every year, first being at the end of the first year is $1,745.14
Explanation:
Hi, in order to find the amount that can be used to pay for school so the balance would last forever, given that $30,000 were left in the savings account, we need to solve for A the following equation.
Where;
r1 = 7%
r2 = 5%
n = 10
PresentValue = $30,000
Everything should look like this:
So, uniform amount that could be used for the student scholarship each year, beginning at the end of the first year and continuing forever is $1,745.14
Best of luck.
Marginal tax rate in relation to this question is:
The percentage of tax applied to Daniel's income for each tax bracket in which Daniel qualify. Thus, the marginal tax rate is the percentage taken from Daniel's next dollar of taxable income above a predefined income threshold.
Therefore, since Daniel neglected to include a $1,280.00 tax deduction, this will decrease Daniel's taxes by:
$1,280.00 × 0.22 = $281.60
Answer:
Decreases taxes by $281.60
Answer:
The correct option is c. 78.39%.
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question. See the attached pdf file for the complete question.
The explanation to the answer is now given as follows:
In regression model, R-squared (R^2) is the statistical measure that shows the percentage of the total variation a dependent variable that is explained by an independent variable(s).
From the question, the candy bar sales is the dependent variable while the Price is the independent variable.
Therefore, the R^2 is calculated using the RSQ function in the Microsoft excel.
Note: See the attached excel file for the calculation of the R^2 using the RSQ function.
For the data in the excel, the R^2 is calculated by simply typing =RSQ(C3:C8,B3:B8) anywhere in the attached excel file. This gives 0.7839. Converting this to a percentage gives 78.39%.
Therefore, percentage of the total variation in candy bar sales explained by prices is 78.39%. The correct option is c. 78.39%.
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Answer:
Explanation:
A. The effect of a permanent increase in government purchases is different from that of a temporary increase.
I case of a permanent increase, the income effect is more as compared to that of a temporary increase. This happens because in case of a permanent increase, the present value of taxes is high in order to pay for the added government purchases. Hence, labor supply increases more in case of permanent change.
B. When consumption falls by the equal amount of taxes, there will be no change in the desired national savings. As a result, there will be no shift in the savings curve. If investment is also not changed or affected, The IS curve would not shift.
C. When there is a permanent increase in government purchases and taxes, the supply of labor will increase, thus shifting the FE curve to the right. In order to restore equilibrium back in the economy, the price level must decline, shifting LM curve to the right. As a result, output increases and interest rate falls.
I believe the answer is: a. dominated by cotton
After the civil war, the south still hasn't fully adopted the manufacturing industry like the norhtern states did, due to the limited machineries that they possess. Because of this, their economy still dominated by agricultural sectors (mostly cotton). The only difference is that they pay their workers with salary rather than using slaves.
