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8090 [49]
3 years ago
6

When President Obama was president he had discussed raising income taxes for individuals earning over $250,000 in income. Explai

n how these higher income taxes will affect the aggregate demand curve. What variables cause the short-run aggregate supply curve to shift
Business
1 answer:
Allisa [31]3 years ago
7 0

Answer:

A) Higher income taxes will cause a decrease in disposable income and this will affect personal expenditure which will cause the aggregate demand curve to shift leftwards ( decrease in price level and real GDP )

B)

i) Change in input price

ii) Change in production cost

iii) Increase in labor supply or increase in capital stocks

Explanation:

A) Effects of higher income taxes on aggregate demand curve

i) Higher income taxes will cause a decrease in disposable income and this will affect personal expenditure which will cause the aggregate demand curve to shift leftwards ( decrease in price level and real GDP )

B) The factors that will cause the short-run aggregate supply curve to shift

a) Change in input price

b) Change in production cost

c) Increase in labor supply or increase in capital stocks

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Answer: the correct answer is 56% of the original price.

Explanation: Let's say the original price is 100 - (0.20*100) = 80. the price is now 80 with the discount. The new discount is now 80- (0.30*80) =80-24 = 56. If 100 is 100%. How much is 56 of 100 in terms of percentage and the answer is 56%.

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4 years ago
The Pioneer Company has provided the following account balances: Cash $38,600; Short-term investments $4,600; Accounts receivabl
Artyom0805 [142]

Answer:

Total Current Assets      $ 100,800

Explanation:

The current asset are those assets which are cash cash or the firm expect to convert in cash within a 12 month period (one-year)

Assets with a useful life or collection date longer than a year will be considered non-current thus, non included in current asset

Cash                                $  38,600

Short-term investments $     4,600

Accounts receivable      $    51,000

Supplies                        <u>  $     6,600  </u>

Total Current Assets      $ 100,800

4 0
3 years ago
Seaside vistas leases an apartment to tori. during a severe storm, the premises are destroyed by flood. under most state laws, l
PilotLPTM [1.2K]

Seaside vistas leases an apartment to tori during a severe storm, the premises are destroyed by flood. under most state laws, liable for the rent for the rest of the lease term is no one.

<h3>What is a lease?</h3>

It should be noted that a lease simply means a contract where a party conveys land, property, etc for a period of time.

In this case, Seaside vistas leases an apartment to tori during a severe storm, the premises are destroyed by flood. under most state laws, liable for the rent for the rest of the lease term is no one.

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2 years ago
Why is freshness of ingredients important in salad preparation​
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7 0
3 years ago
Read 2 more answers
In the AD partnership, Allen's capital is $140,000 and Daniel's is $40,000 and they share income in a 3:1 ratio, respectively. T
Virty [35]

Answer: Option (B) is correct.

Explanation:

Capital contribution by David = $40,000

Interest of David in partnership = \frac{1}{5}

Total capital of the partnership after the admission of new partner:

= \frac{40,000}{\frac{1}{5} }

= $200,000

Total capital of partnership before decreasing of obsolete inventory:

= $140,000 + $40,000 + $40,000

= $220,000

Therefore, value of decrease in inventory:

= Total capital before decrease - Total capital after decrease

= $220,000 - $200,000

= $20,000

The reduction in value of inventory will be distributed in old partners in ratio of 3:1

Hence,

Capital balance of Allen after admission of David:

= 140,000 - 20,000\times\frac{3}{4}

= $125,000

Capital balance of Daniel after admission of David:

= 40,000 - 20,000\times\frac{1}{4}

= $35,000

5 0
3 years ago
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