If there is an increase in government spending, the new equilibrium will be at <u>B</u> holding everything else constant.
<h3>What is government spending?</h3>
Government spending can be the defined as the money spent on goods and service or money spent by government to provide services to the public.
An increase in government spending will tend to lead to increase the demand of goods and service which inturn means that consumption expenditure will as well increase.
Inconclusion the new equilibrium will be at <u>B</u> holding everything else constant.
Learn more about Government spending here:brainly.com/question/27232573
Answer:
Identity theft
Explanation:
Identity theft is when a person steals another person's information like name and credit card information and uses it to commit a crime. For example, a person can use someone else's name and social security number to get a loan. According to this, Sean experienced identity theft because someone stole his information and got a credit card under his name.
Answer:
credited; right; debited; left
Explanation:
The journal entry to record this transaction is shown below:
Cash A/c Dr $1,900
To Service revenue A/c $1,900
(Being the cash is collected)
It to be displayed in T accounts
For cash account
Cash
Debit side
Service revenue $1,900
For service revenue account
Service revenue
Credit side
Cash $1,900
So, the cash account would be debited and would be displayed on the left hand side while the service revenue would be credited and would be displayed on the right hand side
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Direct Labor Variances Dvorak Company produces a product that requires 3 standard hours per unit at a standard hourly rate of $17 per hour. If 1,000 units required 2,800 hours at an hourly rate of $16.50 per hour.
A)
Direct labor price variance= (SR - AR)*AQ
Direct labor price variance=(17 - 16.5)*2,800= 1,400 favorable
B) Direct labor efficiency variance= (SQ - AQ)*standard rate
Direct labor efficiency variance= (3,000 - 2,800)*17= 3,400 favorable
C) Total direct labor variance= -1400 - 3400= -4,800 favorable
Answer:
This has no effect on the period-end balance sheet.
Explanation:
A statement of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period.
According to the question asked the balanced sheet was prepared before the pay period came so this effect will not affect the balance sheet.
