The percentage of the US labor force that is unemployed is known as the _________

Reporting an Income Statement, Reporting a Statement of Retained Earnings, Reporting a Balance Sheet and Recording Closing Journ

Ber [7]

Answer and Explanation:

The Journal entry is shown below:-

1. Sales Revenue Dr, $42,030

Rent Revenue $300

To Salaries and Wages Expense $21,600

To Depreciation Expense $1,300

To Utilities Expense $4,220

To Insurance Expense $1,400

To Rent Expense $6,000

To Income Tax Expense $2,900

To Retained Earnings $4,910

(Being closing of revenues and expenses is recorded)

2. Retained Earnings Dr, $300

To Dividends $300

(Being closing of dividend is recorded)

4 0

3 years ago

1 point

Alenkinab [10]

Capital

Have a good day

6 0

3 years ago

whole number. a. Before the tax is imposed, the equilibrium price is $ 1.5 per bottle and the equilibrium quantity is 4 billion

Sonbull [250]

Answer: hello your question is poorly structured attached below is the missing graph and missing part of the question

Assume the government imposes a $1.00 excise tax on the sale of every 2 liter bottle of soda. The tax is to be paid by the producers of soda. The figure below shows the annual market for 2 liter bottles of soda before and after the tax is imposed.

answer :

a) $2 , 4 billion

b) $2.5

c) $1.5

d) 3 billion

e) $3 billion

Explanation:

a) equilibrium price = $2 per bottle

equilibrium quantity = 4 billion bottles

b) After imposition of excise tax

consumers will pay = $2.5

c) The amount producers keep after the imposition of taxes

= $2.5 - tax

= 2.5 - 1 = $1.5

d) New equilibrium quantity ( after tax is imposed )

= 3 billion bottles ( from graph attached ) i.e. intersection of S2 and D

e) Amount of tax revenue collected by the government from the imposition of tax

= quantity of bottles sold * $1

= 3 billion * $1 = $3 billion

6 0

3 years ago

The north american free trade agreement continues to spark debate today, particularly concerning?

raketka [301]

The North American free trade agreement continues to spark debate today because of their concerns with the agreements and alliances of three countries namely United States, Mexico and Canada. There have been agreements and beliefs in which had cause concerns and had cause a continuous debate within the three countries.

8 0

4 years ago

The initial cost to rent a bike is 6$. each hour the bike is rented costs 1.50. connor is going to rent a bike an can spend at m

ki77a [65]

$6.00 + 1.50(x) ≤ $12.00
1.50 x ≤ $12 - 6
1.50 x ≤ 6
x = 6.00÷1.50
x= 4 hours

4 0

3 years ago

The percentage of the US labor force that is unemployed is known as the __________.