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kaheart [24]
3 years ago
13

When does the government assume a contractionary fiscal policy position?

Business
1 answer:
Step2247 [10]3 years ago
4 0
The government assume a contractionary fiscal policy when the economy is strong. When the economy is strong, prices increases as a result of fierce competition for resources. In this situation, the government will assume a contractionary fiscal policy by reducing its spending and by increasing tax. This position will normally create a surplus for the government: a surplus is the amount of taxes left over after government spending.
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If job a and job b are identical in all aspects, except that job b pays higher wages, what will happen over time?
Bumek [7]
Job b will go out of business sooner if their profit is the same as A
6 0
3 years ago
You are the manager of a clothing store. You must decide how many of your employees to put on the sales floor, and how many to p
Fiesta28 [93]

Answer:

c. 60 on the sales floor, 24 on the register.

Explanation:

Given that

The total number of employees to manage is 84

and w assume that the no of employees on the sales floor after having division be x

also the given condition is that there should be minimum of 2 employees for every 5 employees that worked on the sales floor

So that means

x ÷84 = 5 ÷ (5 + 2)

after solving this x = 60

So the no of employees on register is

= 84 - 60

= 24

7 0
2 years ago
RST Company produces a product that has a variable cost of $6 per unit. The company's fixed costs are $30,000. The product sells
Anni [7]

Answer: $75000

Explanation:

In order to solve the question, firstly we need to calculate the contribution margin ratio which will be:

= ($10 - $6) / $10

= 40%

Then, the break even sales will then be:

= Fixed cost / Contribution margin ratio

= $30000 / 40%

= $75000

Therefore, the break-even point in sales dollars is $75000

5 0
3 years ago
In July 1, 2018, a two-year insurance premium on equipment in the amount of $672 was paid and debited in full to Prepaid Insuran
Helen [10]

Answer:

Income tax expense is $8,250. It is recorded by debiting Income tax expense by $8,250 and crediting Income tax payable by $8,250.

Explanation:

The income tax rate is 25%. Income tax is calculated on the taxable income after all other adjustments have been made.

Note that the question gives an income figure of $33,000. This is stated as the <em>income after the preceding adjustments but before income taxes.</em> Hence, this is the amount on which we calculate the income tax expense as follows.

Income tax expense = Taxable income x Income tax rate

                                  = $33,000 x 0.25

                                  = $8,250

The next requirement is to record the income tax expense in the journal. This income tax has not yet been paid by the company. Therefore, an income tax payable liability is created. The journal entry is as follows.

Debit: Income tax expense $8,250

Credit: Income tax payable $8,250

8 0
3 years ago
joshua purchased a new car from hometown motors. on the way home, the airbag deployed for no apparent reason. joshua was forced
OverLord2011 [107]

The solution is conciliation, a method of conflict resolution that Joshua is using. It entails the provision of a third party who will act as a judge or someone who will play the role of someone who will try to solve and resolve the conflict of both parties.

<h3>What is conciliation?</h3>

Conciliation is a form of alternative dispute resolution (ADR), in which the disputing parties hire a conciliator to mediate their disputes.  They achieve this through easing tensions, enhancing communications, deciphering problems, enticing parties to consider viable solutions, and supporting parties in reaching a consensus.

Both individually and collectively, the parties meet with the conciliator.

Conciliation is different from arbitration in that there is no legal standing for the conciliation process in and of itself, and the conciliator typically has no power to request evidence or call witnesses, write a decision, or issue an award.

To learn more about conciliation from the given link:

brainly.com/question/28139060

#SPJ4

7 0
1 year ago
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