Answers
The correct statement is if supply decreases and demand decreases, there would be an indeterminate change in equilibrium price.
What is the correct statement?The supply curve is a positively sloped curve that shows the relationship between price and the quantity supplied. The demand curve is a negatively sloped curve that shows the relationship between price and the quantity demanded.
If supply decreases, the supply curve would shift to the left. Price would increase and supply would decrease. If demand decreases, the demand curve would shift to the left. Price and quantity would decrease. Taking both the decrease in supply and demand together, there would be an indeterminate change in price and and a decrease in equilibrium quantity.
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Related Questions
Let's say the production function of an economy.
Answers
The production function of an economy is an equation which expresses the relationship between the quantities of productive factors which are used and the amount of product obtained.
The production function tends to explain the utmost quantity of output which can be manufactured by using different combinations of the 2 factors of production which is labour and capital.
This production function of an economy says that a firm can produce one unit of output for every unit of capital or labor it employs. Production functions tend to generally have two important properties which are - positive marginal product and diminishing marginal product of an input.
Hence, the production function represents its relationship between input and output factors.
The given question is incomplete, the complete question is -
Let's say that what is the production function of an economy?
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Mo’yur lawn landscaping worksheet
Answers
Answer:
Company Chart of AccountsAssets100 Cash110 Accounts Receivable120 Inventory125 Supplies128 Prepaid Insurance129 Prepaid Rent130 Computers & Software132 Accumulated Depreciation -Computers & Software136 Company Vehicles137 Accumulated Depreciation - Vehicles138 Office Building139 Accumulated Depreciation - Office Building140 Land150 Intangible Assets (Patents, Copyrights, etc.)Liabilities200 Accounts Payable210 Wages Payable220 Taxes Payable230 Short-term Loan240 Unearned Revenue220 Long-term LoanOwner's Equity300 Owner's Capital Contribution310 Owner's Draws320 Retained EarningsRevenue400 Merchandise Sales410 Fees Earned420 Other RevenueExpenses500 Wages Expense510 Rent Expense520 Utilities Expense530 Office Supplies Expense540 Depreciation Expense550 Meals & Entertainment Expense560 Maintenance & Repair Expense570 Postage Expense580 Printing Expense590 Miscellaneous Expense
There are six workers, one at each of the six stations (A-F). They begin their workday at 8:00 a.m. and work steadily until 4:00 pm. (They are replaced with other workers for breaks and lunches, but the production is not slowed or stopped during these times.) Their hourly wage rate is $25 per hour. You can assume unlimited demand.
What are the direct labor costs (you can ignore any start-up or empty system effects)associated with producing one razor, in dollars?
Answers
The direct labor costs is $ 1500
What is Direct Labor Costs?
Wages paid to employees directly related to producing goods or rendering customer services are referred to as direct labor costs. The overall direct labor cost exceeds wages paid by a significant amount.
Any employee directly involved in a product's manufacturing is referred to as direct labor.
Calculation for What is the process capacity in razors/hour
Based on the information given we would be using process capacity of station D Assembly 3:
Process capacity of D = 1/60*60sec * 60 mins
Process capacity of D = 1/60*3600 razors per hour
Process capacity of D = 60
Therefore, the process capacity in razors/hour will be 60.
Since, their hourly wage rate is $25 per hour. Therefore, the direct labor costs is
= 60 * 25
= $ 1500
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Linda installed a special pool for the hydrotherapeutic treatment of severe arthritis, as prescribed by her doctor. The cost of installing the pool was $16,160, and her insurance company paid $4,040 toward its cost. The pool increased the value of Linda's house by $5,656, and it has a useful life of 10 years.
How much of a deduction (before any AGI limitations) is Linda entitled to in the year of installation of the pool?
$fill in the blank 1
Answers
Linda installed a special pool for the hydrotherapeutic treatment of severe arthritis, as prescribed by her doctor. The amount of deduction is $6464
What are AGI limitations?Generally, Your Adjusted Gross Income (AGI) will never be more than the total gross income reported on your tax return, and in certain instances, it may even be lower.
On more information, please refer to the instructions for Form 1040 (PDF Schedule 1). If you file your taxes using the Married Filing Jointly status, the $73,000 AGI ceiling applies to the total amount of income that both of you bring in as a married couple.
Compute the amount of deduction as follows:
The deduction amount would be allowed as an expense in the year of installation.
Amount of deduction allowable = Special Equipment cost - Increase in property value -Insurance Received
Therefore
=16160- 4040 - 5656
= 6464
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Why do economic members choose according to the principle that marginal benefit equals marginal cost?
Answers
Economic members will choose based on the principle of marginal benefit equaling marginal cost because at this point, resources are being utilized efficiently.
What is the meaning of marginal benefit equals marginal cost?The principle that marginal benefit equals marginal cost refers to economic members producing goods or making decisions at the point where the benefit of each additional unit is equal to the cost of that unit.
The reason for this is that at this point, resources are most efficiently being utilized. This is because marginal benefits are not so large that resources are being underutilized, and marginal costs are not so large that resources are being over utilized.
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Which is not a general lien?
Answers
Answer:
This is different from a specific lien, which is against a specific piece of property. A typical home mortgage or car loan is an example of a specific lien.
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Supply Club, Incorporated, sells a variety of paper products, office supplies, and other products used by businesses and individual consumers. During July 2024, it started a loyalty program through which qualifying customers can accumulate points and redeem those points for discounts on future purchases. Redemption of a loyalty point reduces the price of one dollar of future purchases by 20% (equal to 20 cents). Customers do not earn additional loyalty points for purchases on which loyalty points are redeemed. Based on past experience, Supply Club estimates a 60% probability that any point issued will be redeemed for the discount. During July 2021, the company redeemed 12,200 points and sold additional product of $152,500, so it recorded $164,700 of revenue. The aggregate stand-alone selling price of the purchased products is $164,700. Seventy percent of sales were cash sales, and the remainder were credit sales.
Required:
1. & 2. Prepare Supply Club’s journal entry to record July and August sales. During August, customers redeem loyalty points on $73,200 of merchandise. Seventy-five percent of those sales were for cash, and the remainder were credit sales.
Answers
A journal entry is the record of the financial transaction of a business in its financial books.
(1)
Cash ($164,700 * 70%) 115,290
Accounts Receivable ($164,700 * 30%) 49,410
Sales revenue 163,053 Deferred Revenue - Loyalty Point 1,647
(2)
Cash (73,200 * 75% * 70%) 38,430
Accounts Receivable (73,200 * 25% * 70%) 12,810
To Deferred Revenue 16,470
To Sales Revenue 67,710
WORKING NOTES:
a) Price of loyalty points = (Loyalty points × Estimated redemption) =$12,200 × 20% × 60%
= $1,464
b) Total Stand−alone selling price
= Stand−alone selling price of the purchased product + Stand−alone selling price of the loyalty points
= $164,700+$1,464 = $166,164
c) Percentage of FMV for loyalty points
= (Total stand-alone selling price FMV of loyalty points)
= ($164,700 + $1,464 = $166,164) = 1%
d) Percentage of FMV for purchased products
= (Total stand−alone selling price FMV for purchased products) = ($164,700 + $1,464 = $166,164) = 99%
e) Revenue allocation for the purchased product
= Package amount of purchased products × Percentage of FMV for purchased products = ($164,700 × 99%) = $163,053.
(f) Revenue allocation for loyalty points
= Package amount of loyalty points × Percentage of FMV for loyalty points
= ($164,700 × 1%) = $1,647.
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1. According to Starbucks Chairman Howard Schultz, "Consumers now commonly engage in a cultural audit of [product and service] providers. People want to know your value and ethics demonstrated by how you treat employees, the community in which you operate." Discuss the concept of social responsibility marketing and how it impacts both companies and consumers.
Answers
Social responsibility makes the environment much more friendly as well as enhances the bond between the company and the employees.
Who is a consumer?The person who purchases a thing or receives a service is known as a consumer. A consumer is essentially someone who pays for a good or service.
According to the chairman, he suggested that consumer not only seize the product but also sees how the environment, as well as the employees, are being treated at this point in time. This increased the company's social responsibility which impacted both the companies as well as the consumers.
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Marigold Corporation purchased 4,000 shares of its $8 par value common stock for $268,000 on August 1. It will hold these shares in the treasury until resold. On December 1, the corporation sold 2,400 shares of treasury stock for cash at $73 per share. Journalize the treasury stock transactions.
Answers
When shares are purchased, the Cash account is credited and the Treasury Stock account is debited. The Additional Paid-In Capital account should be credited if the proceeds are greater than the initial cost.
August 1 Treasury stock a/c..........dr 268000
To Cash a/c 268000
December 1 Cash a/c (2400 x 73)...................dr 175200
To Treasury stock a/c 160800
To Additional paid-in capital 14400
For the purchase price, the journal entry will credit cash and debit treasury stock. The journal entry is to credit treasury stock and paid-in capital from treasury stock if the corporation reissues all shares of treasury stock at a price greater than what it paid to purchase them.
The term "treasury stock," sometimes known as "treasury shares" or "reacquired stock," refers to previously issued stock that the issuing company buys back from stockholders. As a result, there are fewer shares outstanding overall on the open market.
Treasury stock is a sort of reserved stock usually used to raise capital or fund future investments. Companies might use treasury stock as a source of funding for investments or acquisitions of competitors.
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If you happen to be the financial manager of a company, which would you prefer to issue equity securities or debt securities?
Answers
Answer:
this is your answer hope this helps you
Consider an asset that costs $655,000 and is depreciated straight-line to zero over its seven-year tax life. The asset is to be used in a five-year project; at the end of the project, the asset can be sold for $133,000. If the relevant tax rate is 24 percent, what is the aftertax cash flow from the sale of this asset?
Answers
The after tax cash flow from the sale of the asset at the end of its seven year life span is $145,994.29.
What is the after tax cash flow?The after tax cash flow is the cash flow calculated after taxes have been deducted. Tax is a form of transfer of wealth from the private sector to the government. Tax is the compulsory amount that is deducted from the income of an individual or company.
After tax cashflow = value after the sale - tax(salvage sale - Book value)
Book value = value of the asset - accumulated depreciation
Annual depreciation = ($655,000 - 0) / 7 = 93,571.43
Accumulated depreciation = 93,571.43 x 5 = $467,857.14
Book value = $655,000 - $467,857.14 = $187,142.86
After tax cashflow = $133,000 - 0.24($133,000 - $187,142.86)
$133,000 - (0.24 x -54,142.86)
$133,000 + 12,994.29 = $145,994.29
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a) Beef supplies are sharply reduced because of drought in the beef-raising states, and consumers turn to pork as a substitute for beef. Describe how you would illustrate this change in the beef market in supply-and-demand terms.
Answers
The decrease in the supply of beef has led to increased demand for the product which ahs made the people to turn to pork as a substitute. Thereby increasing the demand for pork. Tre supply curve for beef would shift downward while the supply curve for pork would shift outward.
What is supply?This is the term that has to do with the number of goods and services that consumers would need that are available in the market for consumption by the producers.
The supply of beef has fallen due to the drought.
What is demand?This is the need that the people would have that would cause them to want to buy more of a product or a service.
Pork can replace beef, hence the demand for pork is now increased in the market.
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You are a mid-level manager at a water distillation and filtration plant that provides five gallon bottles of water to consumers and businesses. Your organization produces three types of water that are marketed:
Distilled bottles (7$/bottle) that are typically used by businesses in the medical and chemical industries
Spring bottles (5$/bottle) that are typically used by consumer households
Artesian bottles (10$/bottle) that are typically used by high-end hospitality businesses
Unfortunately, your production plant suffered a mechanical breakdown. One of the lines is not operational, and therefore one of the specific types of water will not be produced for one month. Recognizing that it is off-season for tourists in your region, your direct manager has decided to stop production of Artesian water. You are tasked with emailing your largest hospitality client, Golden Mango Resort. You must inform them that you will not be able to provide their Artesian water order. It is possible that you may substitute their ordered water for another type of water. How are you going to deliver the bad news?
Answers
The appropriate way to inform the hotel about the breakdown situation of the production plant and the proposal to solve the problem caused to the hotel is by means of a letter in formal and proactive language.
What is a letter?A letter is a term to refer to a means of written communication through which we can send a message to another person. Letters were a means of communication used for much of history. However, in recent years they have been replaced by emails and instant messages.
How to write a formal letter?A formal letter is generally a document that a sender sends to a receiver to formally inform, request or communicate a specific event. Generally, this type of language is used in the workplace between companies, employee - employer, students - teachers, scientists, entrepreneurs or others.
Sample formal letter for Golden Mango ResortSan Francisco, CA. St 7 - 54
October 18, 2022
Margaret Brennan.
Cordial greetings Mrs. Margaret Brennan, I respectfully communicate with you to inform you that in recent days one of our production plants suffered a mechanical breakdown and its repair will take at least a month to return to producing the amount before.
In response to this situation, the directors of our company have made the decision to pause the production of artisanal water bottles that we had been selling to Golden Mango Resort given the low number of tourists in the region. Due to the above, we will not be able to fulfill your request for artisanal water from the last month.
On the other hand, we want to offer you an alternative with our line of spring bottles that are half the value of craft bottles. I apologize in advance for this situation and await your response.
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At their accounting meeting, Philipe tells Justin to stop making foolish comments. Justin, who felt he was being treated unfairly, says nothing for the remainder of the meeting. In this example, Justin was acting _______.
a.
Positively
b.
Assertively
c.
Arrogantly
d.
Passively
Answers
As per the given example, the act that has been shown by Justin in the given case is of being passive. Justine was acting passively. Hence, Option D is correct.
What is passive behavior?Passive behavior entails remaining silent in response, keeping emotions to yourself, hiding emotions from others, and possibly even keeping emotions hidden from themself.
Passive behavior frequently entails dishonesty and allowing others to violate others constitutionally protected right to respect and dignity. Depending on the person's overall personality type, the passive personality trait can manifest in a variety of ways.
Therefore, Option D is correct.
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Which statement about studying management is most likely true?
Management is universally needed in all organizations.
Nonbusiness professionals do not benefit from studying management because they don't supervise people.
Studying management will inevitably enable you to earn more money and be a better manager.
As the holacracy concept expands, the need for traditional managers grows.
There is little value to studying management if your aspirations do not include transitioning into a management
position.
Answers
The statement about studying management that is most likely true is that Management is universally needed in all organizations.
What is Management?Management can be described as the process that is been usd in almost all the organization ranging from the non governmental organization to the governmental organization which involves the planning as well as managing the resources as well as other tools that is been used in the organization so that the goals as well as the main objectives of the organization can be achieved.
It should be noted that the management is very essential because without management there will no be planning and the process of planning is very essential because it help in defining the goals as well as the task that is required by the teams in the organization and this can help the team that wil;l organize this task and how it would be achieved , hence the process of management can be seen in all the organization.
Therefore the first option is correct.
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How do immigrants help the aging population of Florida?
Answers
Answer: by infusing Florida with young workers
Explanation:
List one benefit to creating a laminated menu. When should a restaurant not
laminate its menus?
Answers
Laminating enhances the color of any inks, which makes it better at attracting attention. A sense of extraordinary preparation and quality is also conveyed by the paper's thickness and strength.
What is Lamination?Lamination, used in the printing business, describes the process of adhering a transparent plastic film to printed material. In order to completely encase the menu in plastic when laminating restaurant menus, it is most frequently done by adhering this film to both sides of the printed item and including a sealed edge.A composite is created by laminating two or more films or sheets of paper, which are often bonded together with adhesives. Laminations can be used for a variety of objectives, frequently functional ones like creating a paper sheet more thicker and stronger.Learn more about lamination here:
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1. In your own words, explain what ethics is.
2. The video states that "codes of conduct express relevant ethical standards for many professions, such as medicine, law, journalism, and accounting." Brainstorm 3 possible codes of conduct for one of these professions.
Answers
The term ethics is in a broader sense, considers how people interact with one another and with nature, as well as their own freedom, responsibility, and sense of justice.
The possible codes of conduct for medicine professions are:
Non-maleficenceBeneficenceHealth maximizationWhat are the rules of conduct for professionals?In order to understand what is morally right or wrong, just or unjust, ethics explores the intellectual justifications for our moral judgments.
Therefore, professional code of conduct is a statement that informs staff members of how they should conduct themselves while representing their employer. The company's values, sanctions, and obligations are just a few examples of the components that can be found in a code of conduct.
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Does anyone know how to do this worksheet? I’m very confused.
Answers
Answer: Look up the definitions.
Explanation:
I know this isn’t very helpful but knowing what the definitions of the words will help a LOT.
Also, does anyone have an answer to Why did the history of digital animation begin in 1946?
Match each description with the correct key term. Group of answer choices the total dollar value of all final goods and services produced in the country in a given time period [ Choose ] the value of gross domestic product adjusted for inflation [ Choose ] the value of the GDP at current prices [ Choose ] refers to stabilizing increases in the price level over time so that a country’s money will retain its purchasing power [ Choose ] s a measure of the average change over time in the prices paid for a specific market basket of consumer goods and services [ Choose ]
Answers
Gross Domestic Product - The total dollar value of all final goods and services produced in the country in a given time period.
Real Gross Domestic Product - The value of gross domestic product adjusted for inflation
Nominal Gross Domestic Product - The value of the GDP at current prices
Monetary policy - It refers to stabilizing increases in the price level over time so that a country’s money will retain its purchasing power
Consumer Price Index - It is a measure of the average change over time in the prices paid for a specific market basket of consumer goods and services.
What are these component of?All as explained above are part of National income, which involves variety of measures of output used in economics to estimate total economic activity in a country or region.
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Discuss a time that you had to pitch an idea to someone and why that pitch was successful or unsuccessful?
Answers
To present a pitch for an idea Consider your concept carefully. Think out the specifics first before presenting your concept to anyone. Think about the concept's reach.
The required details for pitch in given paragraph
When someone makes a pitch, they are attempting to persuade others to do or purchase something. Another pitch for the President's economic plan was made. [ + for] Prue invited the editor of the magazine to lunch and presented her idea.
According to START UP, in order to make a strong pitch, you must perform the following three things: attract your audience's attention. lead them on a route that is both clear and rational. leave them with a strong call to action.
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Tad, who does not have health insurance, obtains medical treatment at Urgent Care Clinic, but does not pay for it. To collect the debt, the clinic contacts Tad’s parents. This violates
Answers
To collect the debt, the clinic contacts Tad’s parents. This violates National Insurance Act of 1911.
Why do so many Americans not have health insurance ?
In the United States, 46 million people—nearly one in five non-elderly adults and children—do not currently have health insurance, a 6 million-person rise since 2000. Recent increases in The lack of insurance has been linked to a number of variables, such as increasing medical expenditures, the reductions in governmental programs, a decline in employer-based insurance, and the economy
Understanding the causes of people's lack of insurance is necessary for creating successful methods to reduce it. insurance protection The reasons people report not having insurance generally and by important demographic groupings (identified by age, race/ethnicity, health, and family and aspects of the workplace). We also look at the evolution of those motives through time.
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how can i implement sponsorship to launch a sports brands
Answers
Consider the kind you want. Selecting the ideal sponsorship might be difficult at times because there are so many factors to take into account. Finding Companies Wanting to brands Sponsor Athletes and Selecting the Best Athlete Sponsor.
Make an effort to find sponsors. Supporting events has a number of advantages for businesses, most notably the following: increased brand awareness thanks to media coverage, event advertising, and the event itself. Sponsorship chances during events that assist build their brand equity. Direct interaction with a warm lead brands audience. When seeking corporate support, be sure to emphasise how your initiatives will further the company's greater charitable objectives.
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This interview type is used to determine which applicants have the necessary qualifications and will continue to the next level of interviews.
a.
Group interview
b.
Performance interview
c.
Stress interview
d.
Screening interview
Answers
Answer: D
Explanation: Screening interviews are conducted to determine if an applicant is qualified for a job and it is typically the first round of hiring process
Lars Osberg, a single taxpayer with a 35 percent marginal tax rate, desires health insurance. Volvo, his employer, has a 21 percent marginal tax rate. The health insurance will cost Lars $8,500 to purchase if he pays for it himself through the health exchange (Lars’s AGI is too high to receive any tax deduction for the insurance as a medical expense). Answer the following questions about this benefit. (Do not round intermediate computations. Round your final answer to the nearest whole dollar amount.)
b. What would be the after-tax cost to Volvo to provide Lars with health insurance if it could purchase the insurance through its group plan for $5,000?
c. Assume that Volvo could purchase the insurance for $5,000. Lars is interested in getting health insurance, and he is willing to receive a lower salary in exchange for the health insurance. What is the least amount by which Volvo would be willing to reduce Lars’s salary while agreeing to pay his health insurance?
Answers
b) the after-tax cost to Volvo to provide Lars with health insurance if it could purchase the insurance through its group plan for $5,000 will be $3000
c) the least amount by which Volvo would be willing to reduce Lars’s salary while agreeing to pay his health insurance will be $5000
A tax deduction is something you can take out of your taxable income in order to pay less in taxes overall. On Schedule A of your income tax return, you have the option of taking the standard deduction—a single deduction with a set dollar amount—or itemizing deductions.
b) Calculate the after-tax cost to the company Volvo of providing Mr. Las Osberg with health insurance.
Health Insurance = $5000
Marginal Tax Rate = 40%
The after-tax price can be calculated using the formula below.
After-Tax Cost = [Health Insurance * (1 - Marginal Tax rate)]
= 5000 * (1 - 40)
= 5000 * 0.60
After-Tax Cost = $3000
As a result, it will cost Volvo $3000 after taxes to cover Mr. Las Osberg's medical expenses.
c) Choose the salary reduction that Volvo will be willing to make while still agreeing to pay the life insurance sum.
From Las Osberg's wages, Volvo will withhold $5000 to cover the cost of his health insurance. This is carried out because the amount earned when a person receives compensation from the employer in the form of a wage or fringe benefit is deductible.
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What is the conservatism principle
Answers
Question 6 of 10
What was the main purpose of the Sarbanes-Oxley Act?
A. To increase competition in the accounting industry
B. To increase tax revenue for the government
O C. To create jobs for accountants
D. To protect investors from fraud and false financial reporting
Answers
The main purpose of the Sarbanes-Oxley Act is to protect investors from fraud and false financial reporting (option D).
What is financial reporting?Financial reporting is described as a process through which the financial statements of an organization are issued. It is a process that includes communication as well as documentation of the financial performance and financial activities of an organization that is carried out for a specific period.
The Sarbanes-Oxley Act is a law in the US, and the main purpose of this act is to protect investors. The disclosure made through financial reporting is made accurate and reliable through the implementation of this act.
It can be concluded that the main purpose of the Sarbanes-Oxley Act is to protect investors from fraud and false financial reporting (option D).
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What is the great resignation
Answers
Beginning in early 2021 in the wake of the COVID-19 outbreak, a widespread economic movement known as "The Great Resignation" saw employees willingly quit their jobs in large numbers.
What was the reason behind great resignation?The high rate of resignations among American workers that began in the spring of 2021, when there was a high demand for labor and a low unemployment rate but the COVID-19 pandemic's intensity was being lessened by vaccinations, is known as "The Great Resignation."Calculations indicate that the Great Resignation led to an uptick in inflation of up to 1.1 percentage points. It's interesting to see that the contribution to inflation increased as the pandemic problem grew worse. At its peak in May 2021, this inflationary pressure reached a plateau before dipping somewhat in September 2021.Learn more about COVID-19 here:
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Donald is a 21-year-old full-time college student. During 2021, he earned $2,550 from a part-time job and $1,150 in interest income. If Donald is a dependent of his parents, what is his standard deduction amount? If Donald supports himself and is not a dependent of someone else, what is his standard deduction amount?
Answers
His standard deduction amount would be of $ 2,900
To determine his standard deduction amount, he must first compute it. In the event that Donald is considered a dependent by his mother and father, we would need to do the following calculation:
His adjusted gross income is more than $1,150; hence, his standard deduction would be equal to $2,550 plus $350.
The amount deducted as the standard would be $2,900.
In light of this, Donald's standard deduction amount would be $ 2,900, provided that he is considered to be dependent on his parents.
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Can someone help me on this please?
Answers
Answer:
Here are the answers
Explanation: