The aggregate supply curve shifts to the left as the price of necessary inputs rises, potentially resulting in lower output, higher unemployment, and higher inflation.
alterations in the overall supply
The aggregate supply/demand model illustrates the macroeconomic interactions between total supply and total demand as well as the factors that influence either total supply or total demand for the economy.
The aggregate supply curve moves to the right when productivity increases or the cost of necessary inputs lowers, allowing for a combination of lower inflation, increased production, and less unemployment.
The aggregate supply curve shifts to the left as the price of necessary inputs rises, potentially resulting in lower output, higher unemployment, and higher inflation.
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Answer:
Taylor should recognize revenue in 2021 in the amount of $0.00
Explanation:
IFRS 15 Requires entity to recognise revenue WHEN the transfer of control of goods and services is made to the customer.
It is important to note that Control is transferred on an as-needed basis to King Associates
Tylor has not yet transfered any handyman services during 2021. Therefore no revenue is recognised as transfer of control of goods and services is made to the customer does not exist.
Only when handyman services are provided then the revenue is recognised in the year the servises are provided.
Answer:
Government should spend more on education because if they do there will be many more skilled workers.
Explanation:
Answer:
Investments in liquid securities, such as stocks, bonds, and derivatives, are not included in cash and equivalents.
Explanation:
Even though such things may be easily turned into cash typically with a three day settlement period, they are still excluded. The assets are listed as investments on the balance sheet.
Answer: is increased by credits
Explanation:
Revenue accounts are increased by credits because they are an equity account and equity accounts increase by credit. This is because the corresponding entry would be an asset such as cash and as the asset has to increase by being debited, revenue must be increased by credit.
Other accounts that are increased by credit include liabilities. Accounts that increase by debits apart from assets include purchases and expenses.
