C. Deficit spending requires a government to take on debt hope this helps
Answer and Explanation:
The journal entries are shown below:
1 Cash $9,000
To Land $7,200
To Gain on Disposal $1,800
(Being the land is sold is recorded)
2 Cash $22,900
To Common Stock $22,900
(being the issuance of the common stock is recorded)
3 Depreciation Expense $16,600
To Accumulated Depreciation - Buildings $16,600
(being depreciation expense is recorded)
4 Salaries and Wages Expense $7,000
To Cash $7,000
(being salary paid is recorded)
5 Equipment $9,200
To Common Stock $1,100
To Paid in capital in excess of par-Common stock $8,100
(Being the common stock issued for the equipment)
6 Cash $1,728
Accumulated Depreciation-Equipment $10,080
Loss on Disposal $2,592
To Equipment $14,400
(being equipment sold is recorded)
Answer:
A. Please see attachment .
B.Please see attachment . B) Benefits will end under these conditions when earned income is $9,000/.75 = $12,000, just as shown in a. The difference is that the all-leisure income is higher, but the slope of the line segment from 500 hours of leisure to 2,000 hours of leisure is flatter.
C. (C) A higher income guarantee with a higher reduction rate is more likely to discourage work for two reasons
Explanation:
(C) A higher income guarantee with a higher reduction rate is more likely to discourage work for two reasons. First, not working at all yields a higher income. Second, a person who works less than 1,500 hours will be allowed to keep much less of his or her earned income when the effective tax rate is 75%. With a 75% benefit reduction rate, the effective hourly wage is only $2 per hour (25% of $8).
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Hope this helps! :-)
<u>Answer:</u>
a. The price of comparable Florida orange juice decreases.
a-a This would shift left and affect demand.
b. One hundred new fruit juice processing plants open in California.
b-a This would shift Right and affect demand
c. The price of a bottle increases significantly due to new government anti-shatter regulations.
c-a This would shift left and affect Demand
d. Researchers discover a new fruit juice processing technology that reduces production costs.
d-a This would shift right and affect demand
e. The average age of consumers increases, and younger people drink less orange juice
e-a This would shift left and affect demand
<u>Explanation:</u>
A state of market where market supply is equal to market demand thus understood as "market equilibrium". The price of equilibrium is the price of a good or service, if its supply is equal to the market demand for it.
A reduction in demand will trigger the price of the equilibrium to fall; the amount delivered will decrease. An increase in supply, unmodified for all other things, will provoke the price of equilibrium to fall; the amount requested will increase. While declining supply will cause the price of the equilibrium to rise; the demanded quantity will decrease.