Answer:
Businesses borrow more money.
Consumption increases.
Explanation:
The Federal Reserve is the body responsible for conducting monetary policy in the US. Monetary policy basically consists of two actions. The increase / decrease in the money supply in the economy and the increase / decrease in the interest rate. These actions may happen together, but they are technically independent.
When the Federal Reserve increases the supply of money in circulation, more money is circulated through loans and personal spending. This is considered a policy of stimulating the economy and can be done independently of interest rate changes, although the reduction of interest is also a stimulus monetary policy that can be done in conjunction with the increase in the money supply.
Answer:
The answer is 44.84%
Explanation:
39% tax bracket takes back the advantage of the lower 15% and 25% tax rates.
The process will finish once the income that is taxable gets to $10 million.
Therefore, you can get the tax attributable to taxable income which ranges from $335,000 to $10 million by using all the rates in the above schedule or, more simply, by multiplying by 34%
208000*34% = 50000*15% + 25000*25% + 25000*34% + 108000*T%
70720 = 22250 +108000*T%
T=44.84%
20 = 23+124 ? mab
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Answer:
Adjusting Entry
Date Accounts/ Description Dr. Cr.
January 31 Insurance Expenses $950
Prepaid Insurance $950
Explanation:
On January 1 insurance purchased will be considered as the prepaid insurance and it is for 2 years ( 24 months ). On January 31 one month's insurance expense has been accrued and it should be recorded and balance for this accrual should be transferred from prepaid insurance to insurance expense account.
Insurance paid = $22,800
Per month Insurance = $22,800 / 24 = $950 per month
Answer:
B. This is a firm that sell highly differentiated consumer goods
Explanation:
This tends to explain monopolistic competition type of market in which many firms sell products that are similar but not identical. In this market there are many sellers or firms competing for the same group of customers. It is a market structure that lies between the extreme cases of competition and monopoly. Hence, many producer or firm uses advertisement to attract many customer and they spend large percentage of their profit on advertisement in order to control the larger part of customers in the market.
