Answer:
Laffer curve is the curve built on graph which explains that tax revenue will be increased when tax rates are raised. It also indicates that the tax revenue will increase to a certain point on the R-max line after which the curve starts declining which means the tax revenue will decline.
Explanation:
Laffer curve is a theory by economists which indicates the relationship between tax rates and the tax revenue. If the tax rates are increased then the tax revenue will also rise. This is the theory which is believed by many economists and many businesses also follow such strategy to improve their business profits.
Answer:
The residual value of the building is $19000
Explanation:
depreciation expense=cost-residual value/useful life
cost is $67,000
useful life is 8 years
residual value is unknown
$6000=$67,000-x/8 years
$6000* 8 years=$67,000-x
$48,000=$67,000-x
x=$67,000-$48,000$
x=$19,0000
The residual value of the asset is $19,000
Answer:
amount of the net source $15
Explanation:
![source\ of\ cash =[Cash+AR+Inventory]- [Amount\ Payable]](https://tex.z-dn.net/?f=source%5C%20of%5C%20cash%20%3D%5BCash%2BAR%2BInventory%5D-%20%5BAmount%5C%20Payable%5D)
cash = $183
received amount = $392
inventory =$714
payable amounts =$463
current assest = (183+392+714)-463=$826
current liabilities =(167+682+409-447)=$811
cash = $167
received amount = $409
inventory =$682
payable amounts =$447
current liabilities =(167+682+409-447)=$811
Hence since current liabilities is more than current assests, therefore there will be loss of accounts
Hence source of cash= (826-811) = $15.
Answer and Explanation:
To calculate ending work in progress we use the formula:
Ending WIP = Beginning WIP + Manufacturing costs - Cost of goods manufactured
Debit ($) Credit ($)
Work-in progress $39,200(Dr)
Wages payable:
Job No. 321 $11,000(Cr)
Job No. 329 $9,200(Cr)
Job No. 336 $5,000(Cr)
Job No. 342 $8,300(Cr)
Job No. 346 $5,700(Cr)
Work-in progress $8,000(Dr)
Manufacturing overhead
$8,000(Cr)
Work-in progress $27,440(Dr)
Factory overhead ($39,200 * 70/ 100)
$27,400(Cr)
Work in progress refers to goods that are yet to be finished but have passed raw material stage as they have been partly processed. The formula stated above is used to calculate ending work in progress however we just made journal entries to reflect costs and work in progress.
<span>Based
on the graph, the expansionary fiscal policies affect the economy by letter B; the
government increases spending to raise output of goods and services and create
jobs in the short term. Expansionary fiscal policies are considered useful
strategy amidst recession. The raise in the demands of goods and services may
result to the increase of production thus, generate more jobs to people. Since
people are now employed, then, more people will spend for the goods and
service, and the cycle continues.</span>
