It really depends on where the tax cut was applied. If it was a cut in profit tax for firms, then you could say that it is D, as firms will reinvest profits into production and amke more. But if it was an income tax cut, then it can be A,
Answer:
A. Dr Cash $100,000
Cr Notes Payable $100,000
B. Dr Interest expense $1,500
Cr Interest Payable $1,500
Explanation:
a Preparation of the entry on April 1 when the note was issued.
Dr Cash $100,000
Cr Notes Payable $100,000
(To record note issued)
B. Preparation of any adjusting entries necessary on June 30 in order to prepare the semiannual financial statements
Dr Interest expense $1,500
Cr Interest Payable $1,500
($100,000 x .06 x 3/12)
Answer:
B. An oligopoly
Explanation:
An oligopoly is characterised by a few firms operating in an industry. The babysitters came together to set price in collusion. Collusion is a characteristic of an oligopoly.
Also the babysitters set the market price for their goods. This is a characteristic of an oligopoly.
A purely competitive industry is when there are many buyers and sellers of homogenous goods and services. Firms are price takers. They have no influence over the market price. Price is set by the forces of demand and supply.
A monopoly is when there is only one firm operating in an industry.
A monopolistic competition is when there are many buyers and sellers of differentiated goods. Firms set the market price of their good.
I hope my answer helps you
Answer:
3. fall if the price index rises.
Explanation:
- According to the nominal income, the inflation is a one of the major factors that decrease the amount of the goods and the services that would be afforded with a given amount of the nominal incomes thus if the person wants to keep this real income steady for the next year's nominal income may fall as the increase of the inflation in the economy. And can erode the nominal income gains.