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3 years ago

Hich of the factors listed below does not cause the demand curve for labor to shift?

Business

1 answer:

kvv77 [185]3 years ago

3 0

D. A change in the price of the product will lead to a movement along the curve and not a complete shift of the curve

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In the RST partnership, Ron's capital is $80,000, Stella's is $75,000, and Tiffany's is $50,000. They share income in a 3:2:1 ra

uysha [10]

Answer:

C. Stella, Capital will be debited for $4,000.

Explanation:

As for the provided information, we have,

Out of all the partner's Tiffany is retiring.

Tiffany's capital balance = $50,000

On his retirement he is paid $60,000

Since no goodwill is recorded, the excess amount paid over capital = $60,000 - $50,000 = $10,000, will be debited in remaining partner's ratio.

Ron's share in these $10,000 = $10,000 $\times$ 3/(3+2) = $6,000

Stella's share = $10,000 $\times$ 2/(2+3) = $4,000

Thus, Correct answer is debiting Ron's capital by $6,000 and Stella's capital by $4,000

3 0

3 years ago

Firm ML, a noncorporate taxpayer, exchanged residential rental property for 20 acres of investment land with a $200,000 FMV. ML

wlad13 [49]

Answer:

a. $222,000

b. $22,000

c. $158,000

Explanation:

a. FMV of rental property = FMV of land received + Received cash

= $200,000 + $22,000

= $222,000

b. FMV of land received $200,000

Cash boot received $22,000

Less: Basis of rental property $158,000

Realized gain $64,000

Recognized gain (Boot) $22,000

this transaction qualify for a like-kind exchange under section 1031 When no gain or loss is recognized on an exchange but on Boot received. But recognized gain will be lower of boot amount of realized gain.

c. Carryover basis of original assets = FMV of rental property - Realized gain

= $222,000 - $64,000

= $158,000

8 0

2 years ago

A company had revenues of $54,000 and expenses of $43,250 for the accounting period. The company paid $5,950 cash in dividends t

ratelena [41]

Answer:B. Debit Income Summary $54,000; credit Revenues $54,000.

Explanation:

The following entries can be a closing entry

a)To record closing entry of revenue account

Account Debit Credit

Revenues $54,000

Income summary $54,000

b)To record closing entry of expense account

Income summary $43,250

Expenses $43,250

c)To record closing entry of income summary account

Income summary ( $54,000- $43,250) $10,750

Retained earnings $10,750

d) to record the closing entry of dividends account

Retained Earnings $5,950

Dividend $5,950

The entry that could not be a closing entry is B. Debit Income Summary $54,000; credit Revenues $54,000 because income summary account should be credited with the revenue amount of $54,000 as Revenue increases the income of every business.

7 0

3 years ago

A couple has a joint net worth of $12,000,000. If one dies in 2021, the taxable amount of the estate is:

frutty [35]

The answer id 0

hope this helps!!

5 0

2 years ago

The evidence on the supply curve of financial capital is controversial, but at least in the short run, the elasticity of savings

geniusboy [140]

Answer:

a) elastic

Explanation:

Elasticity is a microeconomic concept that aims to measure the sensitivity of demand for savings to changes in interest rates. When calculating elasticity is a result greater than 1, the demand for savings is said to be elastic (interest-sensitive). Thus, slight interest rate variations will be sufficient to increase savings deposits. This is because people stop consuming to save and earn interest income. When the value is less than 1, savings are inelastic - little interest-sensitive. Thus, interest rate changes would not affect savings. This means that interest earned on savings is not attractive and people prefer to invest their money. in the consumption of goods and services.

This relationship is not fully known to economists in the long run, but in the short run there is a direct relationship between rising interest rates and increasing savings deposits. Thus, it is said that in the short term, the demand for savings is elastic at the interest rate. With each interest rate increase, the savings deposit rate increases.

4 0

3 years ago

Hich of the factors listed below does not cause the demand curve for labor to​ shift?

Hich of the factors listed below does not cause the demand curve for labor to shift?