Answer:
The amount of depreciation expense for the year is $400
Explanation:
The amount of depreciation expense for the year using the Straight Line Method (SLM) as:
Depreciation expense = Asset cost - Salvage value / Number of years of useful life × Portion of year that will be expensed
where
Assets cost is $10,000
Salvage value is $2,000
Number of years of useful life is 5 years
Portion of year that will be expensed is 3 months / 12 (For 3 months from October to December)
Putting the values above:
Depreciation expense = $10,000 - $2,000 / 5 × 3/12
= $8,000 / 5 × 3/12
= $1,600 × 3/12
= $400
Therefore, the amount of depreciation expense for the year using the Straight Line Method (SLM) amounts to $400
Answer:
c. is illustrated when a government program is justified not on its merits but on the number of jobs it will create.
Explanation:
Answer:
Wage rate is $5
Explanation:
The marginal utility of money=marginal utility of leisure/wage rate
When the formula is rearranged,wage rate is given thus:
wage rate=marginal utility of leisure/marginal utility of money
wage rate=15/3
wage rate =$5
In other words, the correct option is C,wage rate is $5
Option D would have been correct if the requirement was to calculate marinal utility of leisure
Answer:
A prediction as to the volume of sales that a business excepts to make in the upcoming future.
Explanation:
Answer:
<em>Country X has a labor force of </em><em><u>32,000,000</u></em><em>, a labor force participation rate of </em><em><u>64%</u></em><em>, and an unemployment rate of </em><em><u>7.3%</u></em><em>.</em>
Labor force:
= Unemployed people + Employed
Unemployed people here are those looking for jobs.
= 2,336,000 + 29,64,000
= 32,000,000 people
Labor force participation rate:
= Labor Force / Population of working age
= 32,000,000/50,000,000
= 64%
Unemployment rate:
= Unemployed / Labor force
= 2,336,000/ 32,000,000
= 7.3%