Answer and explanation:
<em>Check the attached file for a well formatted answer</em>
Headland Company
Pension worksheet 2020-2021
General Entries Memo Record
Items Annual Pension expense Cash OCI- Prior service cost OCI- Gain/Loss
Answer:
$112,800
Explanation:
The computation of the total amount of current asset reported is as follows:
= Cash + account receivable + supplies + prepaid rent
= $53,000 + $15,000 + $8,800 + $36,000
= $112,800
Hence, the amount reported is $112,800
We simply added the above four items so that the current asset value could come
Answer:
Impact on growth.
Explanation:
If the government is forced to increase taxes / cut spending to meet a budget surplus, it could have an adverse effect on the rate of economic growth. If government spending is cut, then it will negatively affect AD and could lead to lower growth. A budget surplus doesn't have to cause lower growth.
Answer:
The amount of the tax on a bottle of wine is <u>$3</u> per bottle;
Amount of tax = Amount paid by consumers - Amount received by producers
= 5 - 2
=$3
Of this amount, the burden that falls on consumers is $1 per bottle;
Burden on consumer = Price paid by Consumer after tax - Price paid before
= 5 - 4
= $1
The burden that falls on producers is $2 per bottle;
Burden on producers = Tax - Consumer burden
= 3 - 1
= $2
The effect of the tax on the quantity sold would have been the same as if the tax has been levied on producers. FALSE
If the tax had been on producers then the price might not have increased as it did. This would leave the price at or close to the point it was at and consumers would still be able to afford more of the bottles.
