Although our development of the keynesian cross in this chapter assumes that taxes are a fixed amount, in many countries taxes depend on income. let’s represent the tax system by writing tax revenue as t = t + ty where t and t are parameters of the tax code. the parameter t is the marginal tax rate: if income rises by $1, taxes rise by t x $1.a. how does this tax system change the way consumption responds to changes in gdp? b. in the keynesian cross, how does this tax system alter the government-purchase multiplier? c. in the is-lm model, how does this tax system alter the slope of the is curve?
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Business, 22.06.2019 12:50
You own 2,200 shares of deltona hardware. the company has stated that it plans on issuing a dividend of $0.42 a share at the end of this year and then issuing a final liquidating dividend of $2.90 a share at the end of next year. your required rate of return on this security is 16 percent. ignoring taxes, what is the value of one share of this stock to you today?
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Business, 22.06.2019 20:40
Cherokee inc. is a merchandiser that provided the following information: amount number of units sold 20,000 selling price per unit $ 30 variable selling expense per unit $ 4 variable administrative expense per unit $ 2 total fixed selling expense $ 40,000 total fixed administrative expense $ 30,000 beginning merchandise inventory $ 24,000 ending merchandise inventory $ 44,000 merchandise purchases $ 180,000 required: 1. prepare a traditional income statement. 2. prepare a contribution format income statement.
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Business, 22.06.2019 21:30
China white was the black market selling of ivory, in which the profit was redistributed back into the trafficking of heroin.
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Business, 23.06.2019 00:30
Shelly bought a house five years ago for $150,000 and obtained an 80% loan. now the home is worth $140,000 and her loan balance has been reduced by $12,000. what is shelly's current equity?
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Although our development of the keynesian cross in this chapter assumes that taxes are a fixed amoun...
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