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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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During March, the production department of a process operations system completed and transferred to finished goods 25,000 units
lesya692 [45]

Answer:

175,000 units

Explanation:

total transferred units = beginning work in progress units + number of units started and completed

  • beginning work in progress = 25,000 units
  • units started and completed during March = 150,000 units

total transferred units = 25,000 + 150,000 = 175,000 units

7 0
3 years ago
what is a basic premise of the acquisition method regarding accounting for a noncontrolling interest?
miv72 [106K]
Answer: D) A subsidiary is an invisible part of a business combination and should be included in its entirety regardless of the degree of ownership.


What is a basic premise of the acquisition method regarding accounting for a non controlling interest?
A) Consolidated financial statements should not report a non controlling interest balance because these outside owners do not hold stock in the parent company.
B) Consolidated financial statements should be primarily for the benefit of the parent company's stockholders.
C) Consolidated financial statements should be produced only if both the parent and the subsidiary are in the same basic industry.
D) A subsidiary is an invisible part of a business combination and should be included in its entirety regardless of the degree of ownership.


D) A subsidiary is an invisible part of a business combination and should be included in its entirety regardless of the degree of ownership.
7 0
2 years ago
As production increases:
Margaret [11]

Answer:

Correct option is (D)

Explanation:

Total cost is a sum of Total fixed cost and total variable cost. Fixed cost does not change with the change in number of units produced. Variable cost on the other hand increases with the increase in production.

So, initially fixed cost is higher than variable cost at a certain production level. As production increases, fixed cost is spread across units and per unit fixed cost falls but variable cost keeps increasing, so total cost keep increasing with increase in production because of variable cost component.

7 0
3 years ago
Which of the following changes can take place in the long run? A.labor force b.machinery c. Technology. D. All of these can be c
ehidna [41]
D. All of these can be changed in the long run
4 0
3 years ago
The Mixing Department’s output during the period consists of 20,000 units completed and transferred out, and 5,000 units in en
Zigmanuir [339]

Answer:

Materials = 23,000 units

Conversion Costs = 23,000 units

Explanation:

Note that the weighted-average method is being used to calculate the equivalent units.

Using this method, we are interested only in calculating equivalent units in units that were completed and transferred and units of ending work in process.

<u>Calculation of equivalent units of production for Materials and Conversion Costs.</u>

Materials

Completed and transferred (20,000 units × 100%)     20,000

Ending Work In Process (5,000 units × 60%)                 3,000

Equivalent units                                                              23,000

Conversion Cost

Completed and transferred (20,000 units × 100%)     20,000

Ending Work In Process (5,000 units × 60%)                 3,000

Equivalent units                                                              23,000

4 0
3 years ago
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