Answer:
In California, if the tip is included in the service charge, Anne's employer must pay taxes for them. The employer is required to pay for these taxes in California, not the employee. Even though tips are not part of an employee's wage, they are still taxable. This means that Anne must include the $51 in her AGI.
Answer:
1. Tastes and Preferences of the Consumers
2. Income of the People
3. Changes in Prices of the Related Goods
4. Advertisement Expenditure
5. The Number of Consumers in the Market
6. Consumers’ Expectations with Regard to Future Prices
Explanation:
Answer and Explanation:
The journal entries are shown below:
On Apr 2
Petty cash $290
To Cash $290
(Being the establishment of the petty cash fund is recorded)
For recording this we debited petty cash as it increased the cash and credited the cash as it reduced the assets
On Apr 10
Mail & Postage $62
Contributions and Donations $33
Meals & entertainment $114
Cash Short and Over $4 ($290 - $62 - $33 - $114 - $77)
To Cash $213
(Being the replenishment of the fund is recorded)
For recording this, we debited the mail & postage, contributions & donations, meals & entertainment as it increased the expenses and credited the cash as it reduced the assets and the balancing figure is debited to cash short and over
On Apr 11
Petty Cash $140 ($430 - $290)
To Cash $75
For recording this we debited petty cash as it increased the cash and credited the cash as it reduced the assets
• eqm Q = 175
• eqm P = $ 190
<u>Explanation:</u>
At current price, Quantity Demanded is less than Quantity supplied
As Qd = 200, Qs = 160
• so market is currently experiencing a deficiency, as Qd > Qs
•so to adjust, market price will incraese,
so that Quantity Demanded decrease & Quantity supplied increases, till Qd = Qs
• eqm Q = 175
• eqm P = $ 190
As if P falls by 1, then P = 194
Qd = 200 minus 5= 195
Qs = 160 plus 3= 163
If P = 193, Qd = 190, Qs = 166
If P = 191, Qd = 180, Qs = 172
P = 190, Qd = 175, Qs = 175
The answer to this is 1000
