Answer:please refer to the explanation section
Explanation:
Mechanic = $100
Vet = $100
Alex (payment from vet) = $100
Will's $100 bill has created $300.
This situation is explained in detail by the concept known has the multiplier. The multiplier measures how much impact will a change in an exogenous variable will cause in endogenous variables, for example How much a increase in Government spending will change Gross Domestic Product.
The multiplier in this case is 3,
Answer:
He can deduct on his 2019 federal income tax return for state income tax $1,550
Explanation:
According to the given data, we can conclude that Carlos cannot deduct the addition of $600 of state income until next year.
Therefore, in order to calculate how much state income tax can Carlos deduct on his 2019 federal income tax return for state income tax we would need to make the following calculation
income tax to deduct on 2019 federal income tax return= Taxes paid+ withheld state income tax from salary
income tax to deduct on 2019 federal income tax return= $800 + $750 income tax to deduct on 2019 federal income tax return=$1,550.
Answer: $455,000
Explanation:
As the question states what will be the pledges receivable for 20x8 therefore, we will calculate all the pledges:
$35,000 + $20,000 + $400,000 = $455,000
Hence, the answer is $455,000 as we take into account all the pledges for the year 20x8.
Answer:
Date Account Title Debit Credit
May 7 Materials $9,600
Accounts Payable $9,600
<u>Working:</u>
= Units purchased * cost per unit
= 640 * 15
= $9,600
As the goods were purchased on account, they will be sent to accounts payable. Materials are assets so they will be debited when acquired.
