QUESTION 02 What is the meaning of the following words: 2.1.1 Shackled.(1)

Suppose the state of Florida passes a law that increases the tax on alcoholic beverages. As a result, resi-dents in Florida star

Volgvan

Answer:

Residents (people's) reaction to Incentives

Explanation:

An incentive represents something, an action or a law that causes people to act or change their behaviour about something at a particular time. Basically, incentives work by making rewards available to individuals who change their behaviour on a targeted issue.

Usually, since people rationally compare the costs and benefits of their actions, incentives gives them the opportunity to raise their perception of this costs and benefits and also induces them to respond.

Florida increases the tax on alcoholic beverages, the people still see the benefits of taking alcohol but not at the increased, the reaction therefore, is to purchase in surrounding states where they are still cheaper without a tax increase.

It should be noted from the Florida example that the reaction of people to incentives can both be negative and positive. This example shows a negative response as a result of raised costs when compared with benefits.

3 0

4 years ago

Use the adjusted trial balance for stockton company below to answer the questions that follow. stockton company adjusted trial b

kotegsom [21]

Given:
stockton company adjusted trial balance december 31
cash 7,530
accounts receivable 2,100
prepaid expenses 700
equipment 13,700
accumulated depreciation 1,100
accounts payable 1,900
notes payable 4,300
common stock 1,000
retained earnings 12,940
dividends 790
fees earned 9,250
wages expense 2,500
rent expense 1,960
utilities expense 775
depreciation expense 250
miscellaneous expense 185

To determine the total assets, we only have to consider the following:
cash 7,530
accounts receivable 2,100
prepaid expenses 700
equipment 13,700
accumulated depreciation (1,100) 
Total assets: 22,930 CHOICE D.

NET INCOME:
fees earned 9,250
wages expense (2,500) 
rent expense (1,960) 
utilities expense (775) 
depreciation expense (250) 
miscellaneous expense (185)
Net Income 3,580

LIABILITIES AND S.H.E
accounts payable 1,900
notes payable 4,300 
common stock 1,000 
retained earnings 12,940 
dividends (790)
Net Income 3,580
TOTAL LIABILITIES & SHE 22,930

4 0

3 years ago

A tool that has been __________defective will creates headache and irritation. *

Bad White [126]

Answer:

frequently

Explanation:

I think its frequently

3 0

3 years ago

Which legal form of business ownership does the government have the most control in?

kirill115 [55]

Answer:

i am not sure for the first one, but for the second its a corporation

Explanation:

there are a lot of regulations connected with corporations and the taxation of these organizations

5 0

3 years ago

Read 2 more answers

tina is the sole owner of tina's lawn mowing, incorporated (TLM). In one year TLM collects $1,000,000 from customers to mow thei

Arisa [49]

Answer: See explanation

Explanation:

This is the remainder of the question:

How much does this economic activity contribute to GDP, NNP, National income, compensation of employees, Proprietors' Income, corporate profits, personal income, disposable personal income?

a. GDP – $1,000,000

The GDP is the value for the goods and services that a country sells. To loan customers lawns, Tina collects $1,000,000.

b. NNP – $875,000

NNP = GDP - Depreciation

= $1000000 - $125000

= $875000

c. National income – $875,000

d. Compensation of employees- $600,000

This is the amount paid by the company to its workers for work done as wages and salaries.

e. Proprietors’ income – $0

Because it is a Corporation, this will be $0.

f. Corporate profits – $275,000

This will be:

= $50,000 + $150,000 + $75000

= $275000

g. Personal income – $750,000

= NNP + Dividend - Profit

= $875000 + $150000 - $275000

= $750000

h. Disposable personal income – $550000

= $750000 - $60000 - $140000

= $550000

4 0

3 years ago