Homework Answers
Profit in simple terms is the final value of money that is lest after by paying all the the amount
In terms of formula it is expressed as a difference between total revenue and total cost
In the given options only option C satisfy where it is given the difference between total revenue and total government spending
The payment that firms make to the employees are called salaries not profits
The income earned from the bond is called interest not profit
so the only correct answer here is option C
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Profits represent the income earned from a bond. O a reward to entrepreneurs. O the difference...
An individual income tax is a tax on: Select the correct answer below: o the profits...
An individual income tax is a tax on: Select the correct answer below: o the profits of a corporation O an individual's annual income O an individual's purchases at major retailers o the wages an individual receives from an employer When the budget deficit rises... Select the correct answer below: O domestic private investment falls O government spending falls O the trade deficit falls O private savings fall Which of the following will lead to expansionary fiscal policy? Select all...
The largest federal income tax subsidy measured by reduced revenue a.is the mortgage interest deduction. b.is the earned income tax credit (EITC). c.is the municipal bond interest exclusion. d.is the...
The largest federal income tax subsidy measured by reduced revenue a.is the mortgage interest deduction. b.is the earned income tax credit (EITC). c.is the municipal bond interest exclusion. d.is the exclusion from taxation of the value of health insurance benefits provided by employers to employees.
4. The difference between expenditure and income approach to measure GDP resides in: A) Expenditure approach...
4. The difference between expenditure and income approach to measure GDP resides in: A) Expenditure approach address the question “Who gets income”, while income approach “Who purchases GDP” B) Expenditure approach counts compensation of employees, rents, interest, proprietor’s income and corporate profit, while income approach counts consumption, investment, government spending and net export C) From the spending side 70% of national income is paid in wages and benefits, while from income side 72% consists of consumer expenditures D) The expenditure...
Question 5 Economic income is the sum of consumption and net worth. the change in net...
Question 5 Economic income is the sum of consumption and net worth. the change in net worth. wealth. transfer payments. uestion 6 Suppose demand for widgets is given by the equation P 20-0,50. Originally, the price of the good is $10 per unit. When a tax of S2 per unit is imposed, the price of the good rises to $12 per unit. How much total tax revenue is raised by the tax? Hint: How will the tax impact the quantity...
17. Assume a bond is currently selling at par value. What will happen if the bond's...
17. Assume a bond is currently selling at par value. What will happen if the bond's expected cash flows are discounted at a rate lower than the bond's coupon rate? A. The price of the bond will increase B. The C. The par value of the bond will decrease. D. The coupon payments will be adjusted to the new discount coupon rate of the bond will increase. 18. As the discount rate is increased, the NPV of a specific project...
A study compared the individual pre-tax yearly income earned by residents from two states. The following...
A study compared the individual pre-tax yearly income earned by residents from two states. The following table lists the statistics resulting from this study: Yearly Income Location Sample Size Sample Mean ($'000s) Sample Standard Deviation ($'000s) State A 51 113 19 State B 58 | 34 56 Calculate the upper and lower bound of the 95% confidence interval of the mean difference (State A - State B) between the income earned by individuals from the two states. Give your answers...
6. The biggest difference between the income statement and the balance sheet is a. the income...
6. The biggest difference between the income statement and the balance sheet is a. the income statement shows incoming deposits, while the balance sheet shows account balances from the bank b. the income statement is submitted to the government, while the balance sheet is shown to investors c. the income statement is alwavs more accurate than the balance sheet d. the balance sheet represents flows at a point in time, while the income statement reflects flows over a time period....
Please help with these questions Question 17 0.4 pts The point of the 1890 Sherman Act...
Please help with these questions
Question 17 0.4 pts The point of the 1890 Sherman Act was to O establish patents and copyrights as ways to protect creative activity O make rent seeking through lobbying of public officials illegal. O nationalize industries where economies of scale were especially important. O prevent monopoly practices and promote commercial competition. forbid states from imposing import tariffs on other states. Question 18 0.4 pts With monopolistic competition, firms have demand curves that are the...
Based on the below excerpt from an Economics textbook, please answer the question below the text:...
Based on the below excerpt from an Economics textbook, please answer the question below the text: Over the years, the federal government budget experiences imbalances. A budget deficit occurs when federal expenditures (including both spending on final goods and transfer payments such as social security benefits, welfare, unemployment benefits etc.) exceed tax revenues collected by the federal government for that fiscal (budget) year. A surplus occurs when the government collects more in taxes than it spends. For example, for four...
Samantha is a single individual with no dependents. In 2018, she had total income of $162,000,...
Samantha is a single individual with no dependents. In 2018, she had total income of $162,000, of which $9,500 is from municipal bond interest. She has FOR AGI deductions of $12,000, itemized deductions of $9,800 and tax credits of $1,200. She also made estimated tax payments of $25,000. (Hint: Refer to the tax formula for individuals in “Helpful Formulas from the Book” PDF.) a.Compute Samantha’s taxable income for 2018. b.Compute Samantha’s tax due for 2018. c.Assume that Samantha is a...
An individual income tax is a tax on: Select the correct answer below: o the profits of a corporation O an individual's annual income O an individual's purchases at major retailers o the wages an individual receives from an employer When the budget deficit rises... Select the correct answer below: O domestic private investment falls O government spending falls O the trade deficit falls O private savings fall Which of the following will lead to expansionary fiscal policy? Select all...
Question 5 Economic income is the sum of consumption and net worth. the change in net worth. wealth. transfer payments. uestion 6 Suppose demand for widgets is given by the equation P 20-0,50. Originally, the price of the good is $10 per unit. When a tax of S2 per unit is imposed, the price of the good rises to $12 per unit. How much total tax revenue is raised by the tax? Hint: How will the tax impact the quantity...
17. Assume a bond is currently selling at par value. What will happen if the bond's expected cash flows are discounted at a rate lower than the bond's coupon rate? A. The price of the bond will increase B. The C. The par value of the bond will decrease. D. The coupon payments will be adjusted to the new discount coupon rate of the bond will increase. 18. As the discount rate is increased, the NPV of a specific project...
A study compared the individual pre-tax yearly income earned by residents from two states. The following table lists the statistics resulting from this study: Yearly Income Location Sample Size Sample Mean ($'000s) Sample Standard Deviation ($'000s) State A 51 113 19 State B 58 | 34 56 Calculate the upper and lower bound of the 95% confidence interval of the mean difference (State A - State B) between the income earned by individuals from the two states. Give your answers...
6. The biggest difference between the income statement and the balance sheet is a. the income statement shows incoming deposits, while the balance sheet shows account balances from the bank b. the income statement is submitted to the government, while the balance sheet is shown to investors c. the income statement is alwavs more accurate than the balance sheet d. the balance sheet represents flows at a point in time, while the income statement reflects flows over a time period....
Please help with these questions
Question 17 0.4 pts The point of the 1890 Sherman Act was to O establish patents and copyrights as ways to protect creative activity O make rent seeking through lobbying of public officials illegal. O nationalize industries where economies of scale were especially important. O prevent monopoly practices and promote commercial competition. forbid states from imposing import tariffs on other states. Question 18 0.4 pts With monopolistic competition, firms have demand curves that are the...
Based on the below excerpt from an Economics textbook, please answer the question below the text: Over the years, the federal government budget experiences imbalances. A budget deficit occurs when federal expenditures (including both spending on final goods and transfer payments such as social security benefits, welfare, unemployment benefits etc.) exceed tax revenues collected by the federal government for that fiscal (budget) year. A surplus occurs when the government collects more in taxes than it spends. For example, for four...
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