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Lena [83]
2 years ago
13

Short Answer 7: If the government announced that they were going to reduce the income tax next year, financed by finding a large

and previously-unknown warehouse of real goods. What would happen to labor
Business
1 answer:
GalinKa [24]2 years ago
7 0

Answer:

The labor would increase

Explanation:

When the government decides to lower the income tax in the coming year, which is financed by the findings of a large as well as a previously unknown warehouse for real goods, then there would be an increase in the labor as the reduction in the income tax would cause more and more investment. And thus organizations and firms increase their efficiencies and create more and more output by increasing the labor.

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Exercise 8-9 Colaw Stores accepts both its own and national credit cards. During the year, the following selected summary transa
Mandarinka [93]

Answer:

The Journal entries with their narration is given below:-

Explanation:

The Journal entry is shown below:-

1. Account receivables  Dr,    $22,200

        To Sales                                      $22,200

(Being sales is recorded)

2. Cash  Dr,                              $6,048

Service charge expense Dr,   $252

($6,300 × 4%)

        To Sales                                 $6,300

(Being credit card sales is recorded)

3. Cash Dr,                          $11,600

        To accounts receivable       $11,600

(Being cash is recorded)

4. Accounts receivable Dr,  $364

($22,000 - $11,600) × 3.5%

         To Interest revenue           $364

(Being finance charges is recorded)

5 0
2 years ago
Which of the following items is not a part of planning?
Savatey [412]
E. Objectional plan is the answer
4 0
3 years ago
Read 2 more answers
CAN SOMEONE PLEASE HELP ME ASAP PLEASE!!!!​
Kobotan [32]
Answer: B

Explanation: There is an unlimited amount of wants but limited amount of resources
5 0
3 years ago
The following December 31, 2021, fiscal year-end account balance information is available for the Stonebridge Corporation:
Dvinal [7]

Answer:

1. $132,600

2. $7,700

3. $25,600

Explanation:

1. Calculation to determine Total current assets

First step is to calculate the Current liabilities using this formula

Current liabilities = salaries payable + accounts playable + accrued interest

Let plug in the formula

Current liabilities= 19000 + 58000 + 1000

Current liabilities= 78000

Now let calculate the Total current assets using this formula

Total current assets = current ratio * current liabilities

Let plug in the formula

Total current assets = 1.7* 78000

Total current assets = $132,600

Therefore Total current assets is $132,600

2. Calculation to determine Short-term investments

Using this formula

Short term investments = Current assets - [cash + accounts receivables + inventory]

Let plug in the formula

Short term investments = 132,600 - [6900 + 39,000 + 79,000]

Short term investments = $7,700

Therefore Short term investments will be $7,700

3. Calculation to determine the Retained earnings

Using this formula

Current assets + fixed assets = Current liabilities + Long term liabilities + paid in capital + retained earnings

Let plug in the

132,600 + 215,000 = 78,000 + 49,000 + 195,000 + Retained earnings

347,600 = 322,000 + retained earnings

Retained earnings = 347,600 - 322,000

Retained earnings = $25,600

Therefore Retained earnings will be $25,600

8 0
3 years ago
What general conclusions can be drawn about Eli’s situation? Check all that apply.
Alex777 [14]

Answer:

He may still be covered in some cases.

He faces more risk than insured people do.

He may have to take precautions but many factors are beyond his control.

Not being able to afford insurance was a factor in him not being covered.

Explanation:

I got it correct

7 0
3 years ago
Read 2 more answers
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