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Jobisdone [24]
3 years ago
11

the federal government announced significant tax cuts, enabling people to keep a greater portion of their income. what will happ

en to the demand curve

Business
2 answers:
Strike441 [17]3 years ago
5 0

It will shift the demand curve to the right meaning that more people will buy things.

Nostrana [21]3 years ago
3 0

Answer:

The demand curve will move to the right

Explanation:

Tax cuts: This is the reduction of tax been levied on income of individuals or firms. this enables workers/employees to have increased take home pay.this kind of policy can be initiated and implemented by the government and and not by employers of labor

The increase in take home pay will definitely lead to increase in quantity of goods or services been demanded ( D1 to D2 )  in the open market which will invariably drive prices higher ( P1 to P2 ), while the supply curve will remain the same the demand curve will shift to the right. businesses tend to flourish in times of tax cut because the increase in demand means profit maximization for business.

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Lynn Ally, owner of a local Subway shop, loaned $40,000 to Pete Hall to help him open a Subway franchise. Pete plans to repay Ly
Juliette [100K]

Answer:

Lynn will receive $63,754 at the end of 8 years.

Explanation:

Future value is the sum of value of principal invested and compounded return received over the investment period.

Using following formula of future value to calculate the required interest rate.

FV  = PV x ( 1 + r )^n

PV  = Present value = $40,000

n = number of years = 8 years

r = Interest rate = 6%

FV = Future value = ?

FV  = $40,000 x ( 1 + 6% )^8 = $63,754

8 0
4 years ago
Read 2 more answers
Cost of Goods Sold account is debited and Finished Goods Inventory is credited for A) purchase of goods on account. B) the sale
Firlakuza [10]

Answer:

B) the sale of goods to a customer.

Explanation:

When goods are sold to a customer, the cost of goods sold account is debited by the same value that the finished goods inventory is credited.

For example, suppose a company sells $1,000 worth of goods to a customer, and the sales price is $1,200. The customer pays by cash the full value of the goods. The journal entry would be:

Account                                    Debit           Credit

Cash                                         $1,200

Sales Revenue                                             $1,200

Cost of Goods Sold                $1,000

Finished Goods Inventory                           $1,000

7 0
3 years ago
Which term describes an action that can damage or compromise an asset?
defon

The term that describes an action that can damage or compromise an asset is “Threat”. The word “Threat” can be explained as the possibility of damage of loss or compromise for an asset. Threat can include theft, accident, degradation, impairment, breakdown or other negative happening for an asset.

Hence “Threat” is the term that describes an action that can damage or compromise an asset.



6 0
4 years ago
Woodman Products, Inc., has found that new products follow a learning curve. The first two units have been completed with the fo
ahrayia [7]

Answer:

(a) 72

(b) 57.6

(c) 46.08

Explanation:

Given that,

Units produced = 1

Marginal Labor Time = 112.50

Units produced = 2

Marginal Labor Time = 90.00

First, we need to calculate the learning rate.

Learning Rate:

= (Marginal labor time for producing 2 units ÷ Marginal labor time for producing 1 units) × 100

= (90 ÷ 112.50) × 100

= 80%

At production level of 1 unit:

Marginal Labor time = 112.5

At production level of 2 units:

Marginal Labor time:

= Marginal Labor time at 1 unit × Learning rate

= 112.5 × 80%

= 90

(a) At production level of 4 units:

Marginal Labor time:

= Marginal Labor time at 2 units × Learning rate

= 90 × 80%

= 72

(b) At production level of 8 units:

Marginal Labor time:

= Marginal Labor time at 4 units × Learning rate

= 72 × 80%

= 57.6

(c) At production level of 16 units:

Marginal Labor time:

= Marginal Labor time at 8 units × Learning rate

= 57.6 × 80%

= 46.08

5 0
3 years ago
The problem of bankruptcy is associated with misuse of credit in the ______________ component of financial planning.
MrRissso [65]

The problem of bankruptcy is associated with the misuse of credit in the <u>borrowing</u> component of financial planning.

Making a plan for your future, specifically one that addresses how you will handle your finances and be ready for any potential expenses and problems is known as financial planning.

Policy creation in relation to borrowing and lending, cash management, and other financial activities results from financial planning. Such policies will aid in making crucial decisions for the management of capital and achieving financial activity coordination.

To know more about financial planning, click here:-

brainly.com/question/21780268

#SPJ4

4 0
2 years ago
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