Answer:
C) Yes, Elisa can file a tax return
Explanation:
As in the given situation Elisa could file a tax return as she is considered to be dependent as her age is less than 24 years also her income is lower than the taxable income so she can file her return herself in order to claim the return
Therefore as per the given situation the option c is correct
Non price competition is competing against others when price isn't the driving force of differentiation. If a local restaurant repairs a new recipe for it's lunch menu it is using the physical characteristic form of non price competition. The restaurant is hoping to differentiate based on the quality and taste of their new lunch item compared with another restaurants.
Janice have adjustable rate mortgage.
An adjustable-rate mortgage or ARM is a home loan with a variable interest rate. With the ARM, the initial interest rate is fixed for a period of time.
After that, the interest rate is applied on the outstanding balance resets periodically at yearly or even monthly intervals.
ARMs are also known as variable-rate mortgages and floating mortgages. The interest rate for ARMs is reset based on a benchmark or index, plus an additional spread is also there which is called an ARM margin.
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Answer:
80,000
Explanation:
Cost data of the month of May was taken from Terrence manufacturing company
The manufacturing cost incurred during the month can be calculated as follows
= wages of production workers + raw materials + materials handling + factory rent + factory insurance + depreciation of factory equipment
= 28,000 + 47,000 + 1,500 + 2,000 + 500 + 1,000
= 80,000
Hence the manufacturing cost incurred during the month is 80,000
Answer:
- 1800
- 500
- Spending multiplier =5 , Tax multiplier =4
- new GDP =2000 , Increase GDP level = 11.11%
- new GDP =1800 , Increase in GDP level = 0%
Explanation:
- Equilibrium GDP = C+I+G+net export
C = private consumption
I = investment
G = government consumption
Net export = export - import
800+400+500+100 = 1800
- Saving at GDP = (GDP-T-C) +(T-G)
(1800-400-800)+(400-500) = 500
- SPENDING MULTIPLIER = 1 / 1 - MPC
= 1 / 1 - 0.8 = 5
TAX MULTIPLIER = MPC / 1 - MPC
= 0.8/1-0.8
=0.8 / 0.20 = 4
- New equilibrium GDP = GDP + 200 = 2000
Increase in GDP level = (NEW GDP - OLD GDP / OLD GDP) *100
(2000-1800) / 1800 = 11.11%
- New Equilibrium GDP = C + I+ G + Net export
(800-200) +400 +(500+200) +100 = 1800
Increase in GDP level = (NEW GDP - OLD GDP / OLD GDP) *100
There is no change in GDP.
