The reason that the companies are selling their goods on an open account because of the fact that competitive pressure are likely to push firms into engaging and selling into open account basis, that is why major companies are likely to sell goods in an open account.
Answer:
Nominal wages will fall, and the short-run aggregate, supply curve, shifts to the right.
Explanation:
When the economy is on the short-run aggregate supply curve and to the left of the long-run aggregate supply curve, actual aggregate output will eventually equal potential output as nominal wages fall(s) and the short-run aggregate supply curve shifts to the right.
Answer:
d) $3: $6
Explanation:
The computation is shown below:
Before the one firm cheats, the firm revenue is
= $10 × $6
= $60
Before the one firm cheats, the firm revenue is
= $9 × $7
= $63
No cheating firm's revenue
= $9 × $6
= $54
Now in case of cheating, it is
= $63 - $60
= $3
And, in the case of non cheating, it is
= $60 - $54
= $6
I had to look for the options and here is my answer.
Some accountants assert that variances should be written off directly to the price of the sold goods, regardless or materiality because product proration would indicates that assets values on the balance sheet consist of the inefficiency costs.
Answer:
Option A: Must be calculated on earned income as well as adjusted gross income in some cases
Explanation:
Earned Income Credit also abbreviated to EIC is known to be a refundable tax credit. It is usually for qualified (low-income) taxpayers who have earned income such as wages.
Earned income are simply wages, self-employment income, and eligible disability pay.
The reason/purpose of the Earned Income Credit is to limit or reduce the tax burden on working families with lower earned income.
