Answer: The opportunity cost of producing 1 apple will be 1 orange.
Explanation:
Opportunity cost is defined as the loss or cost of another alternative when another alternative is being chosen by an economic agent.
In this scenario, the opportunity cost of producing every additional apple will be 1 orange due to the fact that as there's an increase in the production of apple from 80 to 90, there'll be a reduction in the production of orange from 30 to 20.
This indicates that for the increase of 10 apples, there's a reduction of 10 oranges which implies that an increase of 1 apple brings about a reduction by 1 orange.
Answer:
$95,000
Explanation:
Jackson's net cash provided by operating activities is calculated below;
Cash collected from customers
$245,000
Less : Salaries paid. ($135,000)
Less utilities ($15,000)
Net cash provided. $95,000
Answer: A) debit to Salaries and Wages Expense for $88,800
Explanation:
When recording the payroll for the month, the gross pay of $88,800 will be debited to the Salaries and Wages expense account.
The relevant deductions are then made which in this case would be FICA taxes, Income taxes withheld and Medical insurance deductions. The unemployment taxes are the responsibility of the employer so will not be deducted.
The Journal entry will therefore be;
Debit Credit
April 30 Salaries and Wages Expense 88,800
FICA Taxes withheld 6,790
Income taxes withheld 18,500
Medical Insurance deductions 3,300
Salaries and Wages Payable 60,210
$7,060.
First, you will need a copy of the Form 1040 for 2013 (https://www.efile.com/tax-form/2013-federal-form-1040-a-us-individual-income-tax-return.pdf). Next, you will start at the top of the second page with Adjusted Gross Income (AGI) of $73,015. You will next subtract the standard deduction for a married filing jointly couple of $12,200 to get Line 25 of $60,815.
Next, you will subtract the number of exemptions multiplied by $3,900. Because this is a filer and her spouse, with no dependent children, you only have two exemptions, for a total of $7,900 for Line 26. You subtract this amount from Line 25 to get your Taxable Income of $53,015. You use this Taxable Income and the 2013 Tax Table (https://www.efile.com/tax-form/2013-federal-tax-tables.pdf) to find the amount of federal tax income for 2013, or $7,060.
Answer:
The answer is "In the <u>classical</u> view, there are ample loanable funds available at the current interest rate. When G increases, no crowding out occurs, interest rates do not rise, and aggregate expenditures rise by the full amount of G."
Explanation:
In the classical view, the capital market will find the balance between the demanded investment quality and the supplied savings one itself. However, in the Keynesian view, for example during a recession, government spending (G) will increase and there will be a competition to acquire available capital supply, that leads to the crowding out occurs and the general interest rate increases.