Answer:
$213,500.
Explanation:
Retained earnings balance at the beginning of the year $ 166,000
- Cash dividends declared for the year 52,000
+ Net income for the year 99,500
Answer:
A. There is a tax rate at which tax revenues are maximized.
Explanation:
By Laffer Curve definition we can easily understand the relationship between tax rate and tax revenues. It was developed by Arthur Laffer. The Laffer Curve describes that:
- with an optimal tax rate government maximizes total tax revenues
- there is no tax revenue collection at the two extreme tax rates of 0% and 100%
- at the left side of the curve higher tax rates decrease the incentive to work and invest. As a result this leads to to decrease in total tax revenue.
Answer:
<u>Mistake of ignoring secondary effects</u>
Explanation:
Whenever there arises an adverse impact of a policy and it's implementation, owing to ignorance of secondary consequences, it is termed as ignoring secondary effects.
In short, it refers to assessing and viewing only the positive aspects of a policy or a move, meanwhile not taking into consideration the other adverse consequences which are also associated with the same policy.
In the given case, the environmentalists have only considered the generation of alternative sources of energy via windmills which will lead to preservation of fossil fuels. The proposed policy has been implemented without taking into account it's flip side i.e the harm it causes to bat population and migratory birds.
Thus, it can be stated that the environmentalists herein only considered the favorable outcome of a policy implementation and ignored the adverse effect of the same. Hence, they are said to have committed the mistake of ignoring the secondary effects.
Answer:
Total weekly pay of August = = $ 1468.75
Explanation:
Annual salary = $30,000
Monthly Salary = $ 30,000/12= $ 2500
Salary for 40 hours * ( 4 weeks) = 160 hours = $ 2500
Salary for 1 hour= $ 2500/160= $ 15.625= $ 15.63
He worked additional 4 hours so pay for four hours is = 4 * 15.63= $ 62.5
But as he is a non exempt employee he is entitled to get 1.5 times higher than normal pay for over time so
he will be paid $ 62.5 * 1.5= $ 93.75 for over time
Commission on Sales = 3 % of $25,000
= $ 750
Weekly pay= $ 2500/4= $ 625
Total weekly pay of August = Weekly pay + Commission + Overtime
= $ 625 + $ 750 + $ 93.75
= $ 1468.75
A euro equals $1.08 in American dollars.
