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shusha [124]
3 years ago
6

A substantial revision of the income tax code that made business and personal tax returns much easier to complete would tend to

cause which of the following changes in the labor market for accountants?
a. an increase in the demand for accountants
b. an increase in the employment of accountants
c. a decrease in the wage rate of accountants
d. an increase in the number of students choosing to major in accounting

Business
1 answer:
finlep [7]3 years ago
6 0

Answer:

c. a decrease in the wage rate of accountants

Explanation:

As a result of the revision that makes personal tax returns much easier to complete, people would no longer need the services of accountants to calculate their tax returns. As a result, the demand for accountants would fall, all other things remaining equal.

The fall in demand would lead to a fall in wage rate of accountants

Please check the attached image for a graph explaining this concept

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Langer Company produces plastic items, including plastic housings for humidifiers. Each housing requires about 15 ounces of plas
Alex

Answer:

Langer Company

Direct Materials Purchases Budget

For July, August and September

                                                             July August September Total

Units to be produced                        3500 4400 4900 12800

Direct materials per unit (ounces)             15 15 15 15

Production needs                                52500 66000 73500 192000

Desired ending inventory (ounces) 19800 22050 28350 28350

Total needs                                        72300 88050 101850 220350

Less: Beginning inventory                15750 19800 22050 15750

Direct materials to be purchased (ounces) 56550 68250 79800 204600

Cost per ounce                               $0.08 $0.08 $0.08 $0.08

Total purchase cost                     $4,524 $5,460 $6,384 $16,368

3 0
3 years ago
Which phase of decision making finds or recognizes a problem?a) Intelligenceb) Designc) Choiced) Implementation
Mashcka [7]

Answer:

a) Intelligence

Explanation:

Intelligence phase is the first phase in decision making process. It basically attempts to first identify what problems do the organization faces. What are the relevant opportunities for the organisation.

Performing the basic SWOT analysis is the basic aim of this stage. Though it  is not the complete SWOT analysis. But it identifies the opportunities, the data is collected then, and then the possible problems and hindrance are identified.

6 0
3 years ago
In 1931, the U.S. President was paid a salary of $75,000. Government statistics show a consumer price index of 15.2 for 1931 and
Gelneren [198K]

Answer: $1,021,382

Explanation:

The Consumer Price index (CPI) is an economic measure that enables us calculate inflation. It checks for a price changes in a group or basket of goods and then averages these price changes to find out how much they may have changed overtime.

A higher CPI means prices have increased.

CPI can then be used to calculate the potential values of goods in different years using another year as a base. This means that prices of goods in one year can be written in terms of prices in another year.

This can be done by Dividing the CPI in the current year by the CPI in the base year (year being expressed in terms of) and then multiplying the result by the price of the good in question.

In this case the good is the salary of $75,000.

The 2007 equivalent of a 1931 salary will therefore be,

= 75,000 * ( 207/15.2)

= $1,021,381.57

= $1,021,382

8 0
3 years ago
Ryan estimates that he drove approximately 2,260 miles on business trips, but he can only provide written documentation of the b
tester [92]

Answer: $1,355.41

Explanation:

Business expense deductible:

= Adjusted Cost of gasoline + Depreciation

As Ryan can only provide documentation for 1,300 miles, this is what the deductible will be based on:

= (Cost of gasoline * Documented miles for business / Estimated miles for business) + (Depreciation * Documented miles for business / Total miles travelled)

= (1,920 * 1,300 / 2,260) + (3,900 * 1,300 / 20,200)

= $1,355.41

3 0
3 years ago
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