The natural level of output is the amount of real GDP produced b. when the economy is at the natural rate of unemployment.
Real GDP is essentially a measure of a country's total economic output, adjusted for changes in prices. The value of real GDP reflects a country's economic statistics at a macro level.
When real GDP produces natural output, that is, the output level is in line with the equilibrium of the labour market when the real price level is equal to the expected price level. Then the economy makes the most of its productivity, including fully utilized labour, which means that the economy is at the natural rate of unemployment.
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Answer:
c. 50 percent
Explanation:
The amount of tax to paid by Tim on the second income he earned during the year shall be calculated as follow:
Amount of tax on 2nd income=21,000-(20%*30,000)
=21,000- 6,000
=$15,000
Marginal tax rate on 2nd income=Amount of tax on 2nd income/2nd income earned during year
Marginal tax rate=15,000/30,000=50%
So the answer is c. 50 percent
Answer:
$236.25
Explanation:
Given that,
Recently dividend paid, D0 = $6.75
Growth rate of dividend, g = 5 percent per year
Required rate of return, rr = 8 percent
Therefore, the stock price is calculated as follows:
= [D0 × (1 + g)] ÷ (rr - g)
= [6.75 × (1+5%)] ÷ (8% - 5%)
= $236.25
Hence, the maximum you would be willing to pay for a share of its common stock if your required rate of return is 8 percent is $236.25.
Answer:
Misinterpretation by management of facts that existed when the financial statements were prepared.
Explanation:
Under accounting standard , an error is defined as an unintentional act that can disrupt the interpretation of a financial statement and which could likely mislead the users in making a wrong decision.
An error is different from a fraud as a fraud is an intentional act to gain undue advantage by manipulating and altering transactions .
While every other option given in the answers choice are fraud, Misinterpretation by management of facts that existed when the financial statements were prepared is an error.
Answer:
Yes, Comfort Furniture should report the additional 16 percent as part of the revenue from selling the furniture.
Explanation:
The 16 percent is an example of a sales discount that is stated indirectly.
A sales discount can be described as the percentage reduction in the price of a commodity that is enjoyed by customers when they pay early.
For example, if the retail price is $100, the customer will pay $116 (i.e. 100 * 116%) If the customer decides to pay after one year.
The direct discount rate on the $116 can be calculated from the example as follows:
Discount rate = (Additional 16 percent / (100% + Additional 16 percent)) * 100 = (16% / (100% + 16%)) * 100 = 14%
Based on this explanation, the total revenue if the customer decides to pay after one year is therefore the sum of the retail and the additional 16 percent.
Therefore, Comfort Furniture should report the additional 16 percent as part of the revenue from selling the furniture.
