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3 years ago

Consider the market for portable air conditioners in equilibrium. A summer of unseasonably cool weather would cause:

2 answers:

4 0

C.

First consider the effects on demand and supply. What will occr is that demand will decrease and the curve will shift to the left. As a result, if you draw the diagram out, equilibrium price and quantity will decrease.

Thepotemich [5.8K]3 years ago

3 0

Answer:

The correct answer is A. equilibrium price to increase and equilibrium quantity to decrease.

Explanation:

DETERMINANTS OF THE OFFER:

The price of the good: increasing the price of the good will increase the quantity offered and vice versa.
Price of resources and inputs used in the production of the good: As the price of the inputs of a good increases, its supply will decrease and vice versa. When talking about the price of resources and inputs, it refers to the price of labor (wages), price of raw materials, energy prices, interest rates, etc.
Production technology: by improving technology in production, the supply of a good will increase.
Expected future prices: If the price of the produced good is expected to increase in the short term, the offer will increase, and vice versa.
Number of bidders: With a larger number of bidders the offer of a good will increase and vice versa.

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Paul wishes to claim the Child Tax Credit by claiming his nephew, Jack, as a qualifying child dependent. Jack has an ITIN. Paul

Alekssandra [29.7K]

Answer:

Do the child's parents live with you? Why are the parents not claiming the dependent?

Explanation:

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3 years ago

When there is no beginning Finished Goods Inventory and all the goods that are produced are sold, the operating income ________.

natali 33 [55]

Answer:

C) will be the same for both absorption costing and variable costing

Explanation:

If the beginning and ending balance for Finished Goods Inventory is 0, that means that all the absorption costs have been assigned and all the fixed costs (for variable costing) have been assigned also. So whatever costing method you choose the valuation should be the same.

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4 years ago

Goldin Corporation currently pays its salesperson a flat salary of $5,000 per month and is considering paying him $20 per unit i

Naddik [55]

Answer:

The net operating income will c. increase by $7,000

Explanation:

The formula to calculate net operating income is =

Gross income - Operating expenses

If Sales are equal to 200 units and the payment for a salesperson is

a flat salary of $5,000

Gross income = 200 * $80 = $16,000

and

Operating expenses = $5,000

Net operating income = $16,000 - $5,000 = $11,000

If we rise the Sales to 300 units then the payment for the salesperson will be 20$ * 300 = $6,000.

Gross income = 300 * $80 = $24,000

and

Operating expenses = $6,000

Net operating income = $24,000 - $6,000 = $18,000

$18,000 - $11,000 = $7,000

6 0

3 years ago

Samantha, who is single and has MAGI of $36,000, recently was employed by an accounting firm. During the year, she spends $1,650

jek_recluse [69]

Answer:

a) $0

b) $4,000

Explanation:

No deduction will be allowed to samantha for the amount spent on CPA exam review course.

So, Samantha can deduct $0.

Under section 222 of IRS Code, maximum amount of deduction allowed to tax payer (whose adjusted gross income is less than $65,000) on account of tuition fees and other education expenses is $4,000.

So, Samantha can deduct $4,000.

Hope this helps!

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3 years ago

These are selected 2022 transactions for Pronghorn Corporation:

Nataly [62]

Answer:

Dr Amortization expense 19,500

Cr Copyright 19,500

December 31, 2022, amortization expense of patent

Dr Amortization expense 10,000

Cr Patent 10,000

No journal entry required for the Goodwill since its useful life is indefinite

5 0

3 years ago