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aksik [14]
3 years ago
15

Higher income taxes cause a ____________ shift of the labor supply curve, which then produces __________ Real GDP. a. leftward;

more b. rightward; less c. rightward; more d. leftward; less
Business
1 answer:
TEA [102]3 years ago
5 0

Answer:

Option (d) is correct.

Explanation:

If there is an increase in the income taxes then as a result there is a leftward shift in the labor supply curve and we know that labor supply curve indicates the the amount of labor hours workers devoted towards the production of the goods. Hence, this will lead to a reduction in the real GDP as there will be less working hours devoted by the workers because of the higher income taxes.

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Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant ra
BabaBlast [244]

Answer:

See

Explanation:

Sales volume = 1,000 units

Selling price = $70,000/1,000 = $70

Variable cost = $12,000/1000 = $12

900 units

Contribution margin income statement

Sales (900 × $72)

$64,800

Less:

Variable expenses (900 × $12)

($10,800)

Contribution margin

$54,000

Less:

Fixed expenses

($23,310)

Net Operating income

$30,690

6 0
3 years ago
Cushman Company had $812,000 in sales, sales discounts of $12,180, sales returns and allowances of $18,270, cost of goods sold o
Svetach [21]

Answer:

$395,850

Explanation:

Calculation for Cushman Company Gross profit

Using this formula

Gross Profit=Sales-Sales discounts-Sales returns and allowances-Cost of goods sold

Let plug in the formula

Gross Profit = $812,000 - $12,180 - $18,270- $385,700

Gross profit= $395,850

Therefore Cushman Company Gross profit will equal $395,850

3 0
3 years ago
your cash T-account has a debit of $1,200. The following entries are made to cash T-account: debit $345, debit $43, credit $123.
IRINA_888 [86]

starting with a balance of $1200,

debit -345:  1200 - 345 = 855

debit -43:  855 - 43 = 812

credit +123:  812 + 123 = 935

New balance is $935

3 0
3 years ago
_____ was withheld specifically for the tax that is used to pay for a healthcare program.
Neporo4naja [7]

Answer: First : 612.65$

second :   2567.45$

Third : Increase

Explanation: i did this by self its surity

7 0
3 years ago
Rafael, Fraud Unit Manager, has just received an interview report from Stefano, a systems analyst. Rafael was interviewed by Ste
KatRina [158]

Answer:

Post-interview follow-up

Explanation:

Post-interview follow-up is done after an interview has been conducted to clarify any areas that were unclear, did not adequately provide insight, or that was contradictory.

It also provides reinforcement of points already captured in the interview process.

On this instance Rafael is the Fraud Unit manager. He received an interview report from Stefano. Stefano then interviewed Rafael to get clarifications and corrections on the interview report. This is done in the post-interview follow-up.

5 0
3 years ago
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