A sharp increase in taxes affects many middle-class families.
A sports-apparel company cuts jobs as a result of slow sales.
A fast-food chain goes out of business and shuts down all of its restaurants.
Explanation:
The circular income or circulated flow is a model for the economy where the big transactions between the market participants are represented as cash flows, goods and services, etc. The cash and goods flows transferred in a closed circuit complement the interest but are going in the reverse direction.
Retirements are factors in an economy that escapes from distributed labor flows and reduces national income sizes.
Withdrawals include: savings, taxes and imports.
Explanation:
It can be tempting to pay the minimum amount due on your credit card bill, but it can be really expensive in the long run. Here's what happens if you only pay the minimum on your credit card.
Answer:
$222,450
Explanation:
Computation of annual income statement for Kvass Inc. is shown below
Sales revenue
$4,887,000
Less:
Selling and admn expenses
($1,052,000)
Other expenses
($249,300)
Advertising and promotion expenses
($553,350)
Salaries and wages expenses
($2,527,800)
Income tax expenses
($167,350)
Interest expense
($114,750)
Net income
$222,450
The deprecation expense in year 1 is $1225.
<h3>
What is the depreciation expense in year 1?</h3>
Depreciation is a method that is used to expense the carrying value of an asset. Straight line depreciation is a depreciation method that allocates the deprecation expense evenly across the useful life of the asset.
Straight line depreciation expense is a function of the useful life of the asset, the cost of the asset and the salvage value of the asset.
Straight line depreciation expense = (number of months from Sept to Dec / number of months in a year) x (Cost of asset - Salvage value) / useful life
(3/12) x [(28,400 - 3900) / 5]
1/4 x (24,500/5) = $1225
To learn more about straight line depreciation, please check: brainly.com/question/6982430
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