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3 years ago

12

Household members tend to have different preferences, but empirical evidence shows that overall, most households are Pareto effi

cient.
a. True
b. False

1 answer:

otez555 [7]3 years ago

8 0

A. true b is not your answrrr

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The payroll register for Gamble Company for the week ended April 29 indicated the following: Salaries $1,250,000 Social security

Nastasia [14]

Answer with its Explanation:

Part A. The with held taxes will adjusted against the salaries which means with held taxes will be credited and the salaries accrued will be debited and the difference of the accrued salary and with held taxes will go to the salaries payables (Credit).

The double entry is given as under:

Dr Salaries Expenses $1,250,000

Cr Social Security Payables $75,000

Cr Medicare Tax Payables $18,750

Cr Federal Income Tax Payables $250,000

Cr Salaries Payables $906,250

Part B. The state and federal unemployment taxes will also result in the increase in the salaries expense just like the with held taxes.

The double entry would be as under:

Dr Salaries Expense $13,500

Cr State Unemployment Taxes $12,150 (225,000 * 5.4%)

Cr Federal Unemployment Taxes $1,350 (225,000 * 0.6%)

3 0

4 years ago

Fiscal policy refers to:_____________.

solmaris [256]

Answer:

c. Changes in government expenditures and taxation to achieve particular economic goals.

Explanation:

Fiscal policy is the government tool by which the government alters its spending and the taxation to influence the aggregate demand in the economy.

An expansionary fiscal policy involves means to increase aggregate demand and can include increased government spending and lower taxes. A contractionary monetary policy is used when the government aims to reduce the aggregate demand and thus can either reduce its spending or raise taxes.

Money supply is influenced by monetary policy and other options are wrong and irrelevant to the fiscal policy definition.

Hope that helps.

7 0

4 years ago

Robert started his company in his parents' garage because he could not afford to rent an office space. Most of his finances were

Levart [38]

Answer:

having lower overhead costs.

Explanation:

Robert started his company in his mother's garage so he did not have to pay rent or lease at the initial stage of his business. This gave him the opportunity to put his finances in essential aspects of his business.

Therefore he had an opportunity to reduce his overhead cost.

4 0

3 years ago

Which of the following is an annual expense?

castortr0y [4]

Life insurance is an annual expense

6 0

4 years ago

Read 2 more answers

match each label to the appropriate scenario. note that some labels may be used more than once, while other labels may not be us

olga55 [171]

Demand and supply increases in this scenario:

Gasoline: a new housing development goes up. Several new gas stations are built nearby

Demand increases and supply decreases in this scenario:

Taxis: public transit workers at a popular tourist attraction go on strike as a holiday weekend approaches

Demand and supply decreases in this scenario:

Pumpkins: an early frost destroyed much of the pumpkin crop. A newspaper reports zucchini is better for pie than pumpkin.

Demand decreases and supply increases in this scenario:

Corn: news media run stories about people with corn allergies. The corn crop is unusually large.

<u><em>The factors that lead to a change in the demand of a good</em></u>

Change in the price of a substitute good: if the price of a substitute good increases, the demand for the good increases and if the price of the substitute decreases, the demand for the good decreases.

Reports: If a favourable report is released about a good, the demand for the good would increase. If the opposite is the case, the demand for the good would decrease.

Change in weather: When winter is approaching, the demand for winter coats would increase and it would decline in summer.

<u><em>Factors that lead to a change in supply</em></u>

A change in the number of suppliers: if the number of suppliers of a good increases, there would be an increase in supply of the good. If the number of suppliers declines, there would be a fall in supply.

Natural disaster: A flood would reduce the supply of a good.

Please find attached more information needed to answer this question. A similar question was answered here: brainly.com/question/14456267

3 0

3 years ago