<u>Solution and Explanation:</u>
<u>The following calculation is made in order to find out the value of sales tax which is payable</u>
Sales including the sales tax = $8,400
Sales tax rate = 5%
Sales Tax ![[\$ 8400 / 105 \% \times 5 \%]](https://tex.z-dn.net/?f=%5B%5C%24%208400%20%2F%20105%20%5C%25%20%5Ctimes%205%20%5C%25%5D)
= $400
Sales ![[\$ 8400 / 105 \% \times 100 \%]](https://tex.z-dn.net/?f=%5B%5C%24%208400%20%2F%20105%20%5C%25%20%5Ctimes%20100%20%5C%25%5D)
= $8,000
Sales Tax payable = $400
<u>The following Journal Entry will be passed in the books of accounts</u>
Date Account Title Debit Credit
Mar 16 Cash $8,400
Sales $8,000
Sales Tax Payable $40
Answer:
A. There will be a movement up along a stationary aggregate demand curve.
Explanation:
The aggregate demand curve is downward sloping in light of the fact that a decrease in the price level causes consumption, investment, and net exports to increment. In the event that the price level changes yet all else stays consistent, at that point the economy will go up or down a stationary aggregate demand curve.
Answer: Find the facts, look for the issue, identify the judge's reason and conclusion, locate the rules of law that govern the reasoning, and apply critical thinking to the judge's reasoning.
Explanation:
When reading cases, one must first get acquainted with the facts of the case so look for them first. From this you can be able to look for the issue in question.
After this then read the Judge's conclusion as well as the Judge's reason for concluding the case as such. The Judge will base their ruling on rules of law so you should locate those laws as well as others that you think might be relevant and then finally apply critical thinking to the Judge's decision to see if the Judge interpreted and applied the law as it should have been.
Answer:
Organizational Structure
Explanation:
The organizational structure is the system designed to assist the management by providing a procedure which is followed from the top to bottom of the organization to achieve the set objectives and goals of the organization. The department of the organization acts just like our body organs and are integrated with each other which lead the organization to achievement of objectives. So in the scenario, the question talks about departments that are part of organization structure and internal environment of organization.
Answer:
The marginal product for the third worker is 150 packets
Explanation:
Marginal product is the change in the output of a firm as a result of an additional input or factor of production. These additional inputs may include materials, labor etc.
The Marginal product for the third worker can therefore be calculated as
change in Total product / change in labour
change in total product = New packets of senior portrait - old packets of senior portraits ( 600 - 450) = 150
change in labour ( 3 - 2 ) = 1
150/1 = 150 packets
