Answer:
It is customary for a feeder fund to keep all client fees
Explanation:
Answer: 8.56crews
Explanation:
To get critical fractile probability SL,
We stock up the local trash collection capacity.Cost of overstocking by 1 ton =MC = 625/5 = $125Cost of understocking by 1 ton = additional cost of using outside trash pick up = MB = $650-$125 = $5
SL = Prob(RQ) = MB /( MB + MC) = 525/(125 + 525) = 0.8077 appropriate # of crews = 8.56 crews
Answer:
Debit Expenses $90,000; credit Accrued wages and salary $90,000
Explanation:
If we assume that the City of Juneau maintains its books and records to facilitate the preparation of its fund financial statements. The employees paid from the general fund had earned $90,000 on Monday, Tuesday, and Wednesday (June 28, 29, and 30).
The entry, if any, should be made in the city’s general fund on June 30 is to: Debit Expenses $90,000; credit Accrued wages and salary $90,000
The amount has been incurred in the month but has not been paid hence it has to be captured as expenses for the month of June while the double entry will be that the amount is captured as accrued wages signifying that it has not been paid within the period it was incurred
Answer:
Ben would pay more in taxes.
Explanation:
A progressive income tax increases the tax rate as the taxpayer earns more money.
In this case, Ben would be taxed as earnings $60,000 which is probably a much higher tax rate than the applicable one for $30,000. If we use the current tax brackets for 2020, Ben would fall under the 22% tax bracket while both Cathy and Dylan would fall under the 12% tax bracket. Obviously Ben would pay much more in taxes.
Answer:
✔️Demand Pull Inflation:
1. Too much money chasing too few goods
2. Stiff competition among consumers
✔️Cash Pull Inflation:
1. Increase in cost of production
2. Decrease in supply of goods and services
3. Aim of sellers is to maximize profit
Explanation:
Demand pull inflation is often caused by the increase in the aggregate demand of outputs than an economy can produce as a result of increased government spending, expanding economy and so on.
On the other hand, cash pull inflation is caused by the decrease in aggregate supply of goods and supply as result of increased cost of the factors of production.
Thus, let's match each description to the types of inflation they belong to:
✔️Demand Pull Inflation:
1. Too much money chasing too few goods (excess demand as a result of expanding economy)
2. Stiff competition among consumers (businesses, households, governments and foreign buyers bid prices up and compete to purchase the limited available goods and services)
✔️Cash Pull Inflation:
1. Increase in cost of production (this pushes the cost of goods and services up)
2. Decrease in supply of goods and services (aggregate supply decreases)
3. Aim of sellers is to maximize profit (as production cost increase, sellers would have to increase the price of goods and services in order not to run at a loss).
