Answer:
The law of demand states that consumers will request more of a product if its price decreases. For supplement goods, an increase in the price of one will increase demand for the other. The demand curve for apples will react as follows.
Explanation:
<u>A). More people begin to prefer apples to oranges.</u>
Should peoples' preference change to apples, the demand for oranges will decrease while that of apples will increase. The demand curve is downward sloping. If demand increases, the demand curve will shift to the right. It is also referred to as moving outwards. In this case, the demand curve for apples will shift to the right.
B) <u>The price of peaches rises (because peaches are a substitute for apples).</u>
Substitutes imply a good can be used in place of another. If the price of a substitute increases, it demands decreases. The demand for the substitute good will go up. An increase in the price of peaches will increase the demand for apples. As a result, the demand curve will shift outwards. In other words, shift to the right.
C. People's incomes rise (and apples are a normal good).
Demand for normal goods increase as the people's income rises. More people will afford to buy apples. If people are now earning more, the demand for apples will go up. The demand curve will shift to the right to indicate a surge in demand.
Answer: Interest earned by the account.
Explanation: When a bank debits an account money is been removed from the account. This can either be as a result of: the account owner withdrawing from the account, a cheque paid to another person, bank service charges.
While when a bank credits an account money is added to the account. It can occur as a result of : money paid into an account, bank interest paid on accounts.
Therefore interest earned on an account is credited to the account holder.
Answer:
Taxes to be Withheld From Gross Pay (Employee-Paid Taxes)= @141.2
Explanation:
<em>Taxes to be Withheld From Gross Pay (Employee-Paid Taxes)</em>
<em>September Earnings Subject to Tax </em>
Federal income tax @$70
FICA—Social Security = 800 (@tax rate= 6.20%)= $49.6
FICA—Medicare :800(@tax rate=1.45%)= $11.6
Total taxes withheld : 141.2
Taxes to be Withheld From Gross Pay (Employee-Paid Taxes)= @141.2
Answer:
d. task force
Explanation:
Task force -
It is the combination of people or a unit , which is established in order to work on a specific activity or task .
Similarly in the question ,
the committee is assigned in order to do research for a new product , and as soon as the target or the task assigned to the group is done , it group is resolved .
Answer:
Depreciation for 2017
Account - Dr - Cr
Depreciation expense $4900
Accumulated Depreciation $4900
Depreciation for 2018
Account - Dr - Cr
Depreciation expense $4900
Accumulated Depreciation $4900
Sale of Truck:
Account - Dr - Cr
Cash $5300
Equipment $22,000
Accumulated Depreciation $9800
(4900*2)
Loss on Sale $6,900
Explanation:
- Depreciation = (Cost + Sales tax - Salvage value) / useful life
=(20515+1485-2400)/4
=$4900
- Book value = Cost + Sales tax - Annual depreciation computed in (a) * 2 years
=20,515+1,485-4900*2
=$12,200
Gain (loss) = Proceeds - Book value
=5,300 -12,200
=$6,900