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3 years ago

A decrease in individual income taxes disposable income, which consumption spending.

Business

1 answer:

Marta_Voda [28]3 years ago

7 0

Answer:

A decrease in individual income taxes increase disposable income, which increases comsumption spending

Explanation:

In a classic economic model, people want to consume all of their income, but if consumers have other obligations (such as taxes), they paid them (obligations) first and the remain income is called disposable income. If these obligations decrease then the remaining income will increase (disposable income increases) and because people always want to consume, this increase in disposable income will traduce in an increase in consumption.

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answer the two questions relating to demand and the law of demand. a. which can cause a shift in the demand curve? a change in t

fredd [130]

One thing that can cause a shift in the demand curve is a change in one of the determinants of demand.

The law of demand can be shown as Pat wants to buy more candy bars at $1 than at $2

<h3>What does the law of demand say?</h3><h3 />

The law of demand posits that people will demand more of a good when the price is lower as opposed to when it is higher. This is why Pat will want to buy more candy bars when the price is lower at $1 as opposed to $2.

The demand curve will shift when there is a change in one of the determinant of demand such as the income of people and the price of substitutes.

Find out more on the law of demand at brainly.com/question/24500422

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2 years ago

[The following information applies to the questions displayed below.] Vail Resorts, Inc., owns and operates five premier year-ro

Sphinxa [80]

Answer:

JOURNAL ENTRIES

01 Dec Debit bank $2,900,000 Credit Note payable $2,900,000

31 Dec Debit Snowplow $95,000 Credit Bank $95,000

c) Debit inventory $31,000 Credit Accounts Payable $31,000

d) Debit Maintenance expense $55,000 Credit Bank $55,000

e)Debit Bank $378,000 Credit Season Passes $378,000

f) Debit Accounts receivables $740 Credit Revenue $740

g) Debit Cost of sales $420 Credit Inventory $420

h) Debit Bank $260,000 Credit Daily lift passes $260,000

i) Debit Bank $2,200 Credit refundable deposit $2,200

j) Debit Accounts payable $15500 Credit Bank $15,500

k) Debit Bank $410 Credit Accounts receivables $410

l) Debit Salaries and Wages $264,000 Credit Bank $264,000

Explanation:

1. Prepare journal entries for each transaction. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

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3 years ago

Consider the following for Guardian Manufacturing Company: Change in finished goods inventory $ 315 increase Change in work-in-p

vesna_86 [32]

Answer:

B) $ 485 $ 170

Explanation

The cost of goods manufactured includes all the manufacturing costs in a given period adjusting for changes in work in process balances. The total manufacturing costs are $ 630 but this results in an increase in work in process inventory by $ 145, so in other words, part of the total manufacturing costs have gone towards increasing the work in process balance.

So the cost of goods manufactured is $ 630 - $ 145 = $ 485.

The cost of goods sold is the cost of goods manufactured above adjusted for changes in finished goods.

so the cost of goods sold is $ 485 - $ 315 ( change in finished goods inventory) = $ 170.

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3 years ago

In some states, real estate agents are legally required to A. hire home inspectors to perform pre-sale inspections. B. appraise

Doss [256]

D.back up the claims their clients make about home conditions

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3 years ago

Gary has an 80% LTV loan on his new $318,000 townhome with an annual interest rate of 4.125%. What’s his interest payment the fi

Mumz [18]

Answer:

interest amount = $874.50

Explanation:

given data

LTV loan = 80%

amount = $318,000

interest rate = 4.125% = 0.04125

to find out

interest payment the first month

solution

first we get here loan amount that is

loan amount = 80% of $318,000

loan amount = $254,400

now we get here interest amount for 1st month that is

interest amount = loan amount × interest rate × time period

put here value

interest amount = $254,400 × 0.04125 × $\frac{1}{12}$

interest amount = $874.50

3 0

3 years ago

A decrease in individual income taxes​ ________ disposable​ income, which​ ________ consumption spending.

A decrease in individual income taxes disposable income, which consumption spending.