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3 years ago

The following trial balance was extracted from the books of Kalekeno, a sole trader, at 31st Dec2018:

Business

1 answer:

professor190 [17]3 years ago

6 0

Answer:

do you still need help?

Explanation:

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If real GDP increased from $10 billion to $11 billion from the first quarter of 2016 to the first quarter of 2017, but had incre

Sphinxa [80]

Answer:

10%; 16%

Explanation:

Given that,

Real GDP in the first quarter of 2016 = $10 billion

Real GDP in the first quarter of 2017 = $11 billion

Increased from the fourth quarter of 2016 to the first quarter of 2017 = 4%

Growth rate from the first quarter of 2016 to first quarter of 2017:

= $\frac{GDP_{2017}-GDP_{2016} }{GDP_{2016}}\times 100$

= $\frac{11-10 }{10}}\times 100$

= 10%

Real GDP growth rate is as follows:

= 4% × 4

= 16%

3 0

3 years ago

Miranda works 40 hours a week at a wage rate of $25. Thus, her total weekly income is $1000. On this income, she pays total t

Vlad1618 [11]

Answer:

15%

Explanation:

If Miranda works 40 hours a week at a wage rate of $25. and she however calculates that on the last hour that she works, she pays $3.75. then her marginal tax rate is derived as follows

The marginal tax rate is the incremental tax paid on incremental income.

From the scenario, we are given the following:

Weekly wage rate is $25.

Weekly tax pay is $3.75

Hence, Marginal tax rate can be computed as = $3.75 / $25 = 15%

8 0

3 years ago

The interval at which an asset should be replaced to minimize cost (or maximize worth) is known as the: ________

madam [21]

Answer:

c. Optimum replacement interval (ORI)

Explanation:

Optimum replacement interval used to estimate the most cost effective time to replace an asset on the basis of their replacement cost.

There needs to be a balance between the replacement cost and the value that is being lost by changing the asset.

The useful value must be low to justify replacement cost.

For example if the cost of maintaining a machine has increased a lot as a result of wear and tear, it will be more cost effective to make a replacement in order to minimise cost and increase efficiency

3 0

3 years ago

Jeanie realizes that her values differ significantly from some of her younger subordinates. what should jeanie do to understand

m_a_m_a [10]

Seek out others' points of view and perspectives

5 0

3 years ago

When the utility function for a risk-neutral decision maker is graphed (with monetary value on the horizontal axis and utility o

andreev551 [17]

Answer:

The correct answer is letter "D": straight line.

Explanation:

Utility represents the satisfaction a person receives from the use of a good or service. In case there is a risk-neutral decision-maker, that individual is unlikely to vary the value he or she provides to the use of products to remain in a comfort zone. However, the utility could vary according to satisfaction the good or service provides in different situations.

Thus, if plotted in a graph, the value representing the horizontal axis and the utility the vertical axis, there will be a straight line departing from the horizontal axis parallel to the vertical axis.

7 0

3 years ago