Answer:
a. Supply increases, Supply curve shifts to the right
b. Demand decreases, Demand curve shifts to the left
c. Demand increases, Demand curve shifts to the right
d. Supply decreases, Supply curve shifts to the left
Explanation:
a. There have recently been some important cost-saving inventions in the technology for making paint- Supply will increase due to lower cost in production. Shifting the supply curve to the right. Price of paint will fall and quantity will increase.
b. Paint is lasting longer, so that property owners need not repaint as often- Demand for paint will fall due to its long lasting. This shifts the demand curve to the left decreasing the price and quantity of paints.
c. Because of severe hail storms, many people need to repaint now- Demand for paint will increase shifting the demand curve to the right increasing the price and quantity of paints.
d. The hail storms damaged several factories that make paint, forcing them to close down for several months- Supply of paint will decrease as factories close down. This will shift the supply curve to the left increasing the price of pain and decreasing the quantity of paint.
Maggie can buy 3 gifts
Solution:
Total budget $19
Each gift costs $4
Shipping fee $7
a. Total budget — Shipping fee = $19 - $7 = $12
Maggie’s got $12 more
Each gift costs $4
Number of gifts that Maggie can buy = 
=3
b. Let x represent the number of gifts.
19 = 7 +4x
Subtract -7 from both sides
19 - 7= 7 + 4x - 7
Now Simplify,
12 = 4x
Divide both sides by 4
x = 3
Answer:
$11,300
Explanation:
The computation of the deferred tax asset is shown below:
= 21%(20X2 Expense) + 25%(20X3 and 20X4 Expense)
= 21%($30,000) + 25%($15,000) + 25%($5,000)
= $6,300 + $3,750 + $1,250
= $11,300
Answer:
a. A salary check received at 6:00 p.m. on December 31, after all the banks have closed.
b. A rent check received on December 30 by the manager of an apartment complex. The manager normally collects the rent for the owner. The owner was out of town.
Explanation:
The principle of constructive receipt is determined by when the person who receives the income had control over it. An individual or company is considered to have control over income when it is credited to that person or company. Basically, it's when you could spend that income if you wanted, even if you don't spend it.
From the principle of constructive receipt in the above paragraph, only option a (A salary check received at 6:00 p.m. on December 31, after all the banks have closed.) and b ( A rent check received on December 30 by the manager of an apartment complex. The manager normally collects the rent for the owner. The owner was out of town.) fall within the category. The other three options, the person is unable to spend the check even if they wanted to, until after December 31.
Answer:
For 2 years
Explanation:
Financial responsibility is the procedure or the process which is defined as managing the money and also the other similar assets, in a method which is considered as productive and in the best interest of family, business or individual.
So, in order to show the proof of the financial responsibility in the near future, business or individual needs to show the proof for the 2 years because to make the proof comparable with the previous year.
