Answer:
Answer to every question is in the explanation section
Explanation:
a) On December 1 supplies are purchased for 2000$ cash.
b) Insurance premiums of the company were prepared for $1,540 cash on December 2.
c) The company received an advance payment of 13000$ cash on December 15.
d) For a remodeling work, the company received a payment of 3700$ cash in January.
e) The company has $1,840 of supplies accessible.
f) Insurance policy analysis shows that 340$ insurance coverage has expired.
3) 5570$ advance cash was received for a remodeling project
the answer is false, hope this helps
Answer:
Ideally, the amount of the social security payout depends on the average lifetime earning of the residents of the country. The government averages the earning and then finalizes on the amount to be paid by each of the resident. If the payroll tax increases, in the longer run a few workers will get affected but, in the short run the increase has its immediate effect on 92% of the workers. Out of the 92%, 78% have a phase out option whereas 48% of them are under the as-needed scenario.
But, the longer a rate increase is delayed, the higher the increase in lifetime taxes for later generations. Workers born1936–1990 would have higher increases in lifetime taxes under an immediate rate rise, workers born 1996–2005 would generally have higher increases in lifetime taxes under phased increases, and workers born 2006–2015 would have higher increases in lifetime taxes under as-needed increases. The future workers would experience the smallest tax increases under the immediate option. Lifetime taxes for workers born 2011–2015 would rise 16 percent under an immediate increase, 27 percent under phased increases, and 33 percent under as-needed increases.
Thus,The increase in the payroll taxes will increase the cost for the people at different income level, as it is calculated on the basis of the income of the individual. As the women are paid lesser than their male counterparts, it can be said that the male population will be affected more by the increase in the social security payout.
Explanation:
Answer:
c. marginal benefit is less than the marginal cost of the good.
Explanation:
Allocation of resources is important in every nation or society because, human wants are unlimited whereas the resources meant to satisfy these wants are in short supply. Therefore, only the most important needs are satisfied before the less important needs. Marginal benefit is the maximum sum of money that consumers are willing to pay for an additional good or service. Marginal cost is the difference in cost when a new or additional unit of goods is produced.
Nations would allocate less to the production of a good when the maximum price consumers are willing to pay for an added unit of that good becomes less than changes in cost when a unit of that good is produced. Marginal benefit reduces when consumption of the good has increased to a reasonable extent. The consumers then lose interest in paying more for that good.
Answer:
b. $250
Explanation:
In the given case, the marginal cost of firm is $250 per unit.
This marginal cost is constant. When the marginal cost is constant, it reflects the average variable cost.
average variable cost is also $250 per unit.
A firm shuts down when price is less than the average variable cost.
The price can go as lows as $250 per unit before the firm decides to shut down.
If price goes below the $250 per unit then firm will definitely shut down.
