Answer:
1) A: Gross wages do not represent a decrease in net cash received on an employees paycheck. The gross wage s what the employee would have earned if no deductions were made.
2) C: Year to date summaries on a paycheck stub accumulate salaries and deductions in the same way an income statement accumulates revenues and expenses over a period.
3) B: At the end of each accounting period temporary accounts have to be set to zero. Their balances are transferred to permanent accounts.
Answer: 1.67
Explanation:
The following can be gotten from the question:
MPC = 0.75
Taxes = 20% = 0.2
Income spent for foreign goods = 25% = 0.25
Then we slot the values into the GDP formula. This will be:
GDP = C+I+G+NX
GDP = C+0.75(Y-0. 2Y)+G+I+NX-0. 25(Y-0. 2Y)
Y = C+0.75(0.8Y)+G+I+NX-0.25(0.8Y)
Y = C+0.6Y+G+I+NX-0. 2Y
Collect like terms
Y = C+I+G+NX+0.6Y-0.2Y
Y= C+I+G+NX+0.4Y
Y-0. 4Y = C+I+G+NX
Y(1-0.4) = C+I+G+NX
0.6Y = C+I+G+NX
Divide through by 0.6
0.6Y/0.6 = 1/0.6(C+I+G+NX)
Y = 1.67(C+I+G+NX)
The expenditure multiplier is 1.67
The correct option is D.
When one overpaid her credit card bill and request for refund, the overpaid amount must be return unto her within seven business days. This is one of the rules that were put in place by Federal Reserve Board. The rule, which is also called Regulation Z requires all lenders to declare the terms of their loans.
<span>Yes. In the English language the comma is a separator. Without the comma placement in that sentence, it would become a run-on. This is known as an if/then statement. Another example of its usage is:
If you need anything at all, please ask.
When you feel you are presenting an if/then statement, make sure to add a comma.</span>
Answer:
B) 3 scarves
Explanation:
total fixed costs per day = $60 (rent)
selling price per scarf = $40
variable cost per scarf = $15
contribution margin = selling price per unit - variable cost per unit = $40 - $15 = $25
break even formula in units = total fixed costs / contribution margin = $60 / $25 = 2.4 units, since you can only sell complete units, the break even amount is 3 scarves.