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Consider a worker who earns $8.00 per hour and has no other source of income. Compare the following two transfer policies:
i. A negative income tax that sets the tax (per day) at T = 0.2Y - 15
ii. An earned income tax credit that subsidizes the worker at 40 cents for each dollar earned, up to a maximum daily subsidy of $15, maintains the subsidy at $15 until the worker's labour earnings equal $45 per day, and then phases out at a rate of 20 cents per dollar of earnings.
Illustrate the budget constraints generated by these programs, showing both in the same diagram.
Q. Cost related issue of debt? Debt is cheaper in comparison of equity because debt is less risky from an investor point of view. This is for the reason that it is often secure
Defunct Companies A company may be dissolved under s.338 without winding up if the registrar has reasonable cause to believe it is defunct: The procedure is: a. Registrar writ
Star Corporation issued both common and preferred stock during 19X6. The stockholders' equity sections of the company's balance sheets at the end of 19X6 and 19X5 follow.
How to determine the depreciation To determine depreciation in straight-line method, take cost of the asset, less the trade-in value, and divide by the estimated years of usefu
Table on subsequent page lists 21 ratios being calculated by the Bombay Stock Exchange. Tick the board class to that each of the 21 ratios belongs to the blank columns of the Table
what is the explanation?
what is the formulae for calculating Net income?
given the following information: cash-171,100 accounts receivable-9400 prepaid studio rent-3000 unexpired insurance-7200 supplies-500,equipment-18,000 accumulated depreciation-7200
Explain the term- Not-for-profit organisations There are many organisations that don't exist mainly for the pursuit of profit. Instance include: ?charities ?clubs and ass
Swap - Financial contract in which 2 parties agree to exchange net streams of payments over a specified period. Payments are normally determined by applying different indices (for
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