Answer:
true
Explanation:
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Answer:
A) DEBIT to Accounts Payable for $1,500
Explanation:
The records that the company should make regarding the payment of the purchased merchandise is:
- Debit record Accounts Payable account 1,500 (since Accounts Payable is a liability account, when it decreases it should be debited)
- Credit record Cash account 1,500 (since Cash is an asset account, when it decreases it should be credited)
Answer: The marketing slice would be three times as big as the accounting slice.
Explanation:
The total number of majors are:
= 2 + 4 + 6 + 8
= 20 majors
The proportions of the majors are:
Accounting = 2 / 20 * 100% = 10%
Finance = 4 / 20 * 100% = 20%
Marketing = 6 / 20 = 30%
Insurance = 8 / 20 = 40%
Notice how marketing takes 30% and Accounting takes 10%.
Marketing will therefore take up three times as much slices as Accounting.
A tax cut results in an increase in aggregate demand. The total demand for goods and services increases by more than a dollar for every dollar the government reduces the levy. The multiplier effect is the name of this effect.
A tax decrease increases the income of households. Spending increases as consumer income does. The companies that make consumer products hire more people and make more money as consumer spending increases. Consumer spending is once again stimulated by higher income and profits. The multiplier effect is the overall impact of the tax change on overall demand.
A tax reduction boosts overall demand for goods and services, but it also raises interest rates. A tax decrease that increases income also increases demand for money. Interest rates rise in tandem with the rising demand for money.
The number of products and services requested decreases as interest rates rise. It's easy to understand why. Borrowing costs increase when interest rates are high. Investment spending consequently decreases. Consequently, a tax cut boosts the demand for goods.
To learn more about consumption spending:
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The right question is:
Which of the following helps explain how the multiplier and crowding-out effect impact the size of the shift in aggregate demand from a tax change?
a. Tax cuts stimulate consumer spending, and earnings and profits rise, which further stimulates consumer spending with the multiplier effect.
b. The higher income leads to an increase in the demand for money, which tends to lead to higher interest rates.
c. The higher interest rates make borrowing more costly and reduce investment spending the crowding-out effect.
d. All of the above
B. false because the food has still been the same no food shortages
