Answer:
The CVP income statement would report a contribution margin $220000.
Explanation:
CVP income statement
sales $480000
total variable cost ($260000)
contribution margin $220000
total fixed expenses ($150000)
operating income $70000
Therefore, The CVP income statement would report a contribution margin $220000.
sold 500 tickets therefore it is not economically efficient
Answer:
b. She receives $10,000
Explanation:
Taxes owed = (1/4 of income) - $15,000.
Taxes owed = (1/4 x 20,000) - $15,000.
= 5,000 - 15,000 => -10,000
Hence, she receives $10,000 from the government.
A negative income tax is a system where people earning below a certain amount receive supplemental pay from the government instead of paying taxes to the government.
Answer:
increase both aggregate supply and real output.
Explanation:
A rise in productivity makes it possible for each and every firm to rise the greater amount of output. due to this aggregate supply will rise which will lead to increase in the real output.
Also the rise in productivity increase the aggregate supply and the AS curve would be shifted to right that rise the real output but reduce the level of the price in the new equilibrium output level
Therefore the above represent the answer
