The supply curve will shift upward if a tax is levied on the sellers of a product.
<h3>What is a supply curve?</h3>
A supply curve shows the graphical representation of the price of the product and the quantity of the product for the given time period.
When a supply curve shift upwards, it shows a decrease in the supply of the goods and increase in the price of goods. This shows how the curve will shift with a change in the prices of goods.
A supply will get a shift in the direction due to factors like the cost of input, changes in technology, events caused by natural shifts and so on.
Learn more about the supply curve, here:
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Answer:
a) debit to Salaries and Wages Expense for $98400.
Explanation:
The Journal entry is shown below:-
Salaries and wages expenses Dr, $98,400
To FICA tax payable $7,530
To Federal Income tax payable $20,500
To Medical Insurance payable $3,700
To Salaries and wages payable $66,670
(Being monthly payroll on April 30 is recorded)
Therefore, we debited the salary and wages expenses as expenses is increasing while we credited FICA taxes payable, federal income tax payable, medical insurance payable and salaries and wages payable as its increasing the liabilities.
The state unemployment taxes is ignored as it is not relevant
A pregnant woman’s due date is not necessarily the actual
date she will give birth because a due date is only an estimated date or a
guess of when delivery will happen. It is estimated that delivery will happen
between 37-40 weeks since the baby was conceived or the last menstrual cycle of
the pregnant woman.
Answer:
The purpose of researching a market is to figure out how you can best attract those who are likely to buy your company's products or services.
Answer:
Present value of $1
Explanation:
In this question, we are asked to give the value by which the amount due on a truck is to be multiplied given the interest rate.
From the question, we can identify that $15,000 is the future value of the truck.Now, we are tasked with calculating the present value of the truck.
In order to obtain the present value, the $15,000, which is the present value will have to be multiplied by the present value of $1 for an interest rate i of 8% and a time of year n = 1( considering the time between February 1 2018 and February 1, 2019)