$2,554.26 debit seller is prorated tax entry for this year's taxes for September 11 closing.
What is a tax?Tax compliance refers to both governmental actions and individual behavior in order to make sure that taxpayers are paying the correct amount of tax at the right time and receiving the correct tax allowances and tax reliefs. A tax is a levy that must be paid by the taxpayer and is imposed by the government in order to pay for various public expenses and other necessary financial charges. Ancient Egypt saw the first taxation on record sometime between 3000 and 2800 BC. A violation of the legislation includes failing to make payments on time, evading taxes, or opposing taxation. Cash or the labor equivalent may be used to pay direct and indirect taxes.
Debit= 4567-2012.74=2554.26
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Which of the following assets purchased in the current year are eligible to be expensed under Section 179 assuming the cost does NOT exceed the limitations? (Check all that apply.)Used equipmentLand for future building siteStorage warehouseNew office furnitureNew delivery truckApartment complex
Used equipment, new office furniture, and new van equipment purchased in the current year are subject to Section 179 costs unless the costs exceed the limit.
For an unlimited number of years, the taxpayer may carry forward the amount of the cost of eligible Section 179 assets that are to be expensed in the tax year but are not eligible due to the taxable income limit for that year. I can do it. This carryforward may instead be deducted in future tax years.
Any business that leases, finances, or purchases business equipment for less than $2 million is eligible for Section 179 deductions, but excess amounts will affect the deductible value of business expenses.
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If the required reserve ratio is 10% and the fed conducts an open market purchase of $100, what is the maximum possible change in the money supply?.
This instance indicates that if the reserve requirement is 10 percent, the Fed could enlarge the cash grant by way of $1,000 by using purchasing a $100 Treasury consignment (T-bill) in the open market.
However, if the reserve requirement have been 5 percent, a $100 T-bill purchase would lead to a $2,000 enlarge in the money supply.
What does a reserve ratio of 10% mean?If the required reserve ratio is 10 percent this capacity that banks have to hold 10 percent of their deposits as required reserves. If deposits are $20 million, then $2 million ($20 million x . 10) should be held as required reserves. Excess reserves are reserves over and above required reserves.
If the reserve requirement is 10%, then the cash grant reserve multiplier is 10 and the money grant be 10 instances reserves.
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https://brainly.com/question/13758092#SPJ4seeking to end luke lea's hold on state government, what group composed of lea's enemies held public meetings throughout the state to expose his malfeasance and demand justice?
Answer: Public Emergency Comittees
Explanation:
sanjay, an industrial equipment sales rep, purchases a quick snack to eat on the way to work. he buys lunch while on the road visiting customers, and grabs bread and milk on the way home when he stops to buy gas. sanjay probably does most of this shopping at a
On his way to work, Sanjay, a sales agent for industrial equipment, stops for a quick snack. He makes an pit stop at the a convenience shop on the way home to purchase milk and bread before stopping for lunch while observing customers.
Which are the three subcategories of industrial?The main objective of the mining, agricultural, and fishing sectors is to get raw materials. In the secondary industry, manufacturing comprises the production of items like steel and vehicles. Tertiary industries that provide a service include teaching and nursing.
Describe an job in industrial as an example?1. Industry Sector. It includes those who actually produce goods or turn raw materials into finished or semi-finished items. The three categories of industrial occupations include
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deb has found it very difficult to repay her loans. because of these difficulties, the bank decided to forgive one of her most recent loans, an amount of $53,500. after the loan was discharged, deb had total assets of $260,000 and her remaining loans totaled $226,000. what amount must deb include in her gross income?
The amount of entries to be computed for Deb as a part of her gross income will be $0.
Gross income can be referred to or considered as the total revenues generated by a person during a particular financial period. The gross income includes earnings and revenues from all the sources that a person may have. It does not take liabilities and insolvency into consideration.
For the above condition, Deb was not fully solvent at the time of computation of her liabilities. However, she became solvent only after selling the part of her assets. Thus,
Solvency = Total Loans - Income before sale of assets
Solvency = 226000+535000 - 0
Solvency = $(-2795,000)
Therefore, Deb does not have gross income during the accounting period.
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suppose the delta of a call is 0.75. approximately, how much will the price of the call change if the underlying stock increases in value by $1.00?
The term "delta" describes how much the price of an option will fluctuate for every $1 that the underlying stock's price changes. The call option will grow by 0.75$ if the underlying stock increases by $1. Option 5
What is the stock's price?
Generally, The cost of purchasing one individual share out of a company's total number of equity shares that are available for sale is referred to as the share price.
In terms that are more understandable to the average person, the price of a share of stock is the most money that someone is prepared to pay for that share or the least money that it can be acquired for.
The value of the delta indicates how much the price of an option will vary for every $1 change in the price of the stock that it is based on. If the underlying stock goes up by one dollar, the Call option price will go up by 0.75 dollars.
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CQ
Suppose the delta of a call is 0.75. Approximately, how much will the price of the call change if the underlying stock increases in value by $1.00?
1. $1.33
2. More Information Needed
3. $1.00
4. $1.75
5. $0.75
with which type of organization did the trend toward privatization of sport facilities begin in the united states?
Professional team facilities type of organization did the trend toward privatization of sports facilities begin in the united states.
When did professional sports begin in America?
The Cincinnati Red Stockings assembled paid players from all around the nation to become the first professional club, which made its debut in 1869. From that point on, the number of professional clubs increased. In 1875, the National League and the American League were founded, respectively.
Sports complexes provide people with the tools they need to stay active all year long. Even outdoor facilities offer users court lines, netting, and smooth surfaces for gameplay. Indoor sports facilities, of course, allow you to play a sport in all weather conditions.
Therefore, The trend toward privatizing sports facilities started in the United States with the establishment of professional team facilities.
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Generally accepted accounting principles do not allow variable costing to be used in external financial statements because absorption costing makes it easie financial statement users to interpret year-to-year changes in reported net income.
True or False
Generally Accepted Accounting Principles forbid the use of variable costing in external financial statements because absorption costing makes it simple for users of financial statements to assess variations in reported net income from year to year.
Net income, also known as total comprehensive income, net earnings, net profit, bottom line, sales profit, or credit sales, in the context of business and accounting refers to an entity's income less cost of goods sold, expenses, depreciation and amortization, interest, and taxes for a given accounting period. It has also been described as the net growth in shareholders' equity that arises from a company's operations. It is calculated as the residual of all revenues and gains less all expenses and losses for the period. Contrary to gross income, which merely deducts the cost of products sold from revenue, this is not the same thing. Net income for families and individuals is defined as (gross) income less any applicable taxes and other deductions.
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user-owned, nonprofit, cooperative financial institution that is organized for the benefit of its memberscredit union
A cooperative financial institution that is owned by its members and is not for profit. It is a credit union.
Because their members own and run them, credit unions are the most common type of financial cooperative.Only customers with accounts can use these financial institutions, which typically charge interest rates that are higher than the average.
What is the name of a financial institution that is owned by its members?
The people who use credit union services, or members, own and run the institutions.Every vote matters.Members elect a volunteer board of directors to run a credit union.
What does the term "cooperative credit union" mean?
Financial cooperatives known as credit unions are established by an organized group of people who share a common bond.In order to offer loans and other financial services to one another, credit union members pool their assets.
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which of the following is deducted from the total selling and administrative expense budget to determine the cash disbursements for selling and administrative expense budget?
The cash distribution for the selling and administrative expenditure budget is calculated by subtracting the depreciation expense from the total.
When an asset is depreciated for a specific period, the cost of the asset reflects how much of its value was used up during that year. The total amount of depreciation expenditure assigned for an asset after it was first used is known as accumulated depreciation.
Companies can recoup the cost of an item at the time it was acquired thanks to depreciation. Instead of recovering the full cost of an asset at the time of purchase, this technique enables businesses to do so during the asset's lifecycle. This enables businesses to replace current assets with the necessary quantity of income in the future.
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assume that the standard cost to make one finished unit includes 1 hour of direct labor at $4 per hour. during october, 11,000 direct labor-hours were worked, 5,250 units of product were manufactured, and total direct labor cost was $40,000. what is the labor rate variance for october?
The labor rate variance for October is $39,820 and it is an unfavorable variance.
The labor rate variance is the difference between the actual rate and predicted labor costs. It is computed by
Labor rate variance = (Actual rate - Standard rate) x Actual hours
An unfavorable variance means that the cost of labor was higher than expected, whereas a favorable variance suggests that the cost of work was lower than planned. This data can be used in the establishment of future budgets for planning purposes.
Parameters given in the problem:
standard rate = $4 per hour
actual hours = 11,000
Since one finished unit needs 1 hour of direct labor, then
actual rate = $40,000/5,250 = $7.62 per hour
Hence,
Labor rate variance = (7.62 - 4) x 11,000 = $39,820
Since the actual rate is higher than the standard rate, the variance is unfavorable.
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you bought 5 call option contracts on a stock when it is trading at $44.00. the exercise price of the call is $50 and the call was priced at $3.50. what is your profit or loss on this trade if the stock is trading at $52.00 at expiration date of the calls?
The solution:
What is your gain or loss on this transaction if the stock is trading at $52.00 on the call expiry date:
=(5*100*(52-50))-(5*100*3.50)
=-750
What is a stock?
All the shares by which ownership of a corporation or firm is split constitute stock (also known as capital stock) in the world of finance. (Stocks is another synonym for shares, especially in American English.) A single share of stock represents a percentage of the corporation's ownership in relation to the total number of shares. This typically confers the shareholder (stockholder) with the right to a certain percentage of the company's earnings, proceeds from the sale of company assets (after all senior claims, such as secured and unsecured debt, have been satisfied), or voting rights, with these rights frequently being distributed in accordance with the amount of money that each stockholder has invested. Not all stock is created equal. For instance, some classes of stock may be issued with improved voting rights, without voting rights, or with a specific priority to collect profits or proceeds from liquidation sooner or after other classes of shareholders.
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you bought 5 call option contracts on a stock when it is trading at $44.00. the exercise price of the call is $50 and the call was priced at $3.50. what is your profit or loss on this trade if the stock is trading at $52.00 at expiration date of the calls?
interest rates in the economy have fallen. how will this affect aggregate demand and equilibrium in the short run? group of answer choices aggregate demand will rise, the equilibrium price level will rise, and the equilibrium level of gdp will rise. aggregate demand will fall, the equilibrium price level will fall, and the equilibrium level of gdp will fall. aggregate demand will fall, the equilibrium price level will rise, and the equilibrium level of gdp will fall. aggregate demand will rise, the equilibrium price level will fall, and the equilibrium level of gdp will rise.
If interest rates in the economy have fallen this will result in aggregate demand will rise, the equilibrium price level will rise, the equilibrium level of GDP will rise.
Gross domestic product is a monetary measure of the market value of all final goods and services produced and sold by countries during a given period. Due to its complex and subjective nature, this measure is often modified before it is considered a reliable indicator.
However, GDP per capita does not reflect differences in cost of living and inflation rates across countries; therefore, using a purchasing power parity (PPP) GDP per capita basis may be more useful for comparing living standards across countries, while nominal GDP is more useful for comparing economies country in the international market.
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marc and mikkel are married and earned salaries this year of $64,000 and $12,000, respectively. in addition to their salaries, they received interest of $350 from municipal bonds and $500 from corporate bonds. marc contributed $2,500 to a traditional individual retirement account, and marc paid alimony to a prior spouse in the amount of $1,500 (under a divorce decree effective june 1, 2006). marc and mikkel have a 10-year-old adopted son, mason, who lived with them throughout the entire year. thus, marc and mikkel are allowed to claim a $2,000 child tax credit for mason. marc and mikkel paid $6,000 of expenditures that qualify as itemized deductions, and they had a total of $2,500 in federal income taxes withheld from their paychecks during the year. What is Marc and Michelle’s taxes payable or refund due for the year (use the tax rate schedules) ?
If marc and mikkel are married and earned salaries this year of $64,000 and $12,000, respectively. Marc and Michelle’s taxes payable or refund due for the year is $210.
How to find the taxes payable?Gross Income: $76,500
Adjusted gross income AGI $4,000
Adjusted income $72,500
($76,500 - $4,000)
Greater standard item $25,100
Taxable income $47,400
($72,500 - $25,100)
Income tax liability $5,290
Credits ($3,000)
Prepayments ($2,500)
Taxes (refund) ($210)
Therefore the taxes payable is the amount of $210.
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does kraft foods bear the responsibility for the effects of their advertising on children, or does this responsibility fall mainly on the parents?
Kraft's advertising influences children's diets, but parents clearly make purchasing decisions and prepare/provide food for their children.
In order to advertise a good, service, or cause, advertising entails purchasing advertising space. Ads, as they are commonly known, are the real advertising messaging. The purpose of advertising is to persuade those who are most likely to be willing to pay for a company's goods or services to make a purchase.
A paid form of communication that promotes service, product, or brand is referred to as an advertisement. Advertisements are used by marketers to help businesses achieve their goals and increase revenue.
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a set of priority planning techniques for planning component items below the end item level is called:
The set of priority planning techniques for planning component items below the end item level is called as material requirements planning (MRP).
MRP is the system which establishes a schedule plan that illustrates the quantity of components required at each level of assembly and, based on lead times, calculates the time when these components will be needed. It helps to avoid the missing errors. This system also helps to evaluate the time needed for shipping the whole set of items. However it faces some limitations related to inventory management, quality control, supply demand etc. The other three inputs of an MRP system are given below:
Master Production Schedule (MPS)Inventory Status File (ISF)Bill of Materials (BOM)Learn more about MRP at:
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To refer to complete question, see below:
A set of priority planning techniques for planning component items below the end item level is called:
A) master scheduling
B) material requirements planning
C) capacity planning
D) production control
E) none of the above
In the expression 2^5, what is the 2?
A. exponent
B. power
C. base
D. model
Answer:base
Explanation:
Explanation:
2 is the base while 5 is the exponent.
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what is the name of the computerized technique would be used to perform sentiment analysis on an annual accounting report?
The name of the computerized technique that would be used to perform sentiment analysis in an annual accounting report is text mining
What is Text Mining?It is a mathematical analysis to derive patterns and trends that exist in the data. These patterns can be uncovered by classical exploration because the relationships are very complex or because the volume of data is overwhelming.
These patterns and trends are collected and defined as a data mining model. Data Mining refers to the set of statistical methods that provide information when huge amounts of data are available.
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rodgers corporation produces and sells football equipment. on july 1, 20y1, rodgers issued $19,400,000 of 10-year, 11% bonds at a market (effective) interest rate of 9%, receiving cash of $21,923,488. interest on the bonds is payable semiannually on december 31 and june 30. the fiscal year of the company is the calendar year. required: for all journal entries, if an amount box does not require an entry, leave it blank. question content area 1. journalize the entry to record the amount of cash proceeds from the issuance of the bonds on july 1, 20y1.
The required journal entry record will be to premium on bonds payable A/C is $2,523,488.
What is a journal entry?The act of logging any transaction, whether or not it is an economic one, is known as a journal entry. Recurring items that can be included in journal entries include depreciation and bond amortization. The general ledger is typically affected indirectly by the subledger for accounts payable, and journal entries are frequently entered using a distinct module of accounting software. As a result, journal entries have a direct impact on the balances of general ledger account. Examples make it easier for us to understand diary entries. To help us record transactions, events, and recurring items in a real-world firm, we use accounting examples. As an illustration, the ABC Company sold a $300 laptop for cash in a single day.
The required Journal Entry will be:
Cash A/C Dr. $21,923,488
To Bonds Payable A/C $19,400,000
To Premium on Bonds Payable A/C $2,523,488
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which of the following market growth factors that accelerates customer demand allows customers to experiment with a new product during a hands-on trial basis?
The degree to which a new product is thought to be superior to the one it replaces in terms of satisfying customer requirements is referred to as its relative advantage.
Which of these processes is a definition of Emergent Strategy Making?Strategies that emerge as spontaneous responses to unanticipated events, serendipitous occurrences, and altered circumstances as a result of individual managers' autonomous actions.
What is an example of a new product?
Even though it may have been produced in the same form by others, a new product is one that is new to the company that introduces it.For instance, in the field of toilet soap, the various brands that each company introduces are new products because they are new to the company.
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a firm should invest as long as the funds are available and the expected rate of return is greater than the interest rate. true false
False a firm should invest as long as the funds are available and the expected rate of return is greater than the interest rate.
What distinguishes the real interest rate that really occurs from that which is anticipated?Subtracting or calculating the difference between the inflation and nominal rates yields the actual real interest rate. By deducting anticipated inflation from the nominal interest rate, the predicted real interest rate is obtained.
What distinguishes the real return from the nominal return?Real or nominal interest rates are the two ways that interest rates can be expressed. Real rates are adjusted for inflation, as opposed to nominal rates, which are not. As a result, nominal rates are often higher, with the exception of the infrequent instances where deflation or negative inflation set in.
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When the CPI goes below 1.0 or gradually gets smaller, corrective action should not be taken, the project is performing well.
When the CPI goes below 1.0 or gradually gets smaller, corrective action should not be taken, the project is performing well. False
The Consumer Price Index (CPI) is a gauge of how prices for a market basket of consumer goods and services have changed on average over time for urban consumers.
Consumer prices rise when the CPI does, and fall when it does, indicating a general decline in consumer prices. In essence, rising CPI values correspond to more inflation, while declining CPI values correspond to lower inflation or even deflation.
The project is over budget if the CPI is less than 1. Although it appears obvious, the definition above ignores the fact that the CPI will naturally fluctuate over time and that there is a reasonable range in which to anticipate this to happen.
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the assumption that a company makes about its inventory cost flow has
a. no effect on the company's income b. statement an effect on the company's balance sheet c. an effect on the company's income statement d. no effect on the company's balance sheet
The income statement and balance sheet of a company are significantly impacted by an organization's assumption regarding its inventory cost flow.
The income statement's approximate Cost of Goods Sold and the balance sheet's value of ending inventory are both affected by the inventory cost flow assumptions.Each method of valuation has advantages, but the weighted average yields statements with the most consistent valuation.
What has an effect on the balance sheet and income statement?
Stockholders' equity on the balance sheet rises as a result of revenue and gain reports on the income statement.Additionally, stockholders' equity decreases on the income statement as a result of increases in expenses and losses.
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What kind of claim is used for billing provider fee-for-service claims to commercial health insurance companies?.
Provider fee-for-service claims are billed to commercial health insurance companies using the CMS-1500 type of claim.
Which claims are submitted using a CMS 1500?Use the CMS-1500 claim form to submit non-institutional claims to Medicare for healthcare services provided by healthcare professionals such as physicians, other providers, and suppliers. Additionally, it is used to submit claims to numerous Medicaid programs, private payers, and additional public health insurance programs.
Is CMS 1500 a universal claim form?All licensed healthcare providers are required to submit claims to all medical insurance providers, including Medicare, Medicaid, and Blue Cross, using the CMS-1500 (Health Insurance Claim Form). The HCFA 1500 form was formerly known as the universal claim form, also known as Form CMS 1500.
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as a way to enter the foreign market, camille's company is considering purchasing a business in their target market rather than trying to build a subsidiary from scratch. they are considering a(n) blank strategy.
as a way to enter the foreign market, camille's company is considering purchasing a business in their target market rather than trying to build a subsidiary from scratch. they are considering Foreign direct investment strategy.
Foreign direct investment (FDI) is a type of cross-border investment in which a stake in and significant degree of control over an enterprise located in another country are established over time by an investor who resides in one economy.
Why is FDI crucial to economic growth?Through increasing domestic investment in host economies, FDI can support and supplement capital accumulation. However, FDI's ability to promote growth can extend beyond the acquisition of purely physical capital.
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which term refers to the delivery of a completed project and its successful adoption by an organization?
When a project is delivered and successfully adopted by an organization, it is referred to as change management.
What exactly does change management entail?The transfer or conversion of an organization's objectives, procedures, or technological infrastructure is dealt with in a systematic manner through change management. The change management objective is to put strategies in place for bringing about change, managing change, and assisting individuals in adapting to change.
What are the three pillars of change management?You may solve this problem in change management by using the three-C principle. Managers need to make sure that the improvements they are making are convincing and credible.
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How is the marketing department involved in the technical and marketing development stage of the product development process?.
They evaluate product prototypes with their intended audience to determine the best marketing strategy for the new product.
How about an example of a new product?Even though it might have been produced in the same form by others, a new product is one that is new to the company that introduces it. For instance, each company has launched a separate brand of toilet soap, which is fresh to the company and therefore new to the market.
What is a novel product?Products that have not yet been produced or sold by your company but have been introduced to the market by others can be considered "new products." creation of novel products and their introduction to the market. They could be wholly original creations or enhanced and updated versions of already existing products.
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which of the following statements is correct? group of answer choices monopolies are guaranteed to earn an economic profit. monopolies have perfectly inelastic demand for the product sold. because a monopoly is the only firm in the market, its marginal revenue curve must be the same as the market demand curve. the market demand and the firm's demand are the same for a monopoly. because a monopoly is the only firm in the market, its supply curve is the same as the market demand curve.
A monopolistic corporation must face the market demand curve because it controls the whole market. - monopolies have perfectly inelastic demand for the product sold.
A monopoly and a perfectly competitive firm's demand conditions are compared Perfect Competition Versus Monopoly." In Panel (a), the intersection of the demand and supply curves yields the equilibrium price for a firm operating in a completely competitive market. Simply adding the supply curves of various enterprises yields the market supply curve.
The portions of those marginal cost curves that are higher than the average variable cost curves make up those, in turn. A single firm's marginal cost curve, abbreviated MC, is shown. Take note of the horizontal axis' break, which shows that the amount produced by a single firm represents a trivially small fraction of the total.
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true or false: it does not make sense for some financial statement elements (such as goodwill or long-term debt) to be reported on a minute-by-minute basis.
True, it doesn't make sense to publish certain financial statement components (such asset or long-term debt) minute by minute.
Financial statements: what are they and examples?The records of a business's finances and operations over a specific time period are called financial statements. Financial statements display a company's financial health and success. The cash flow, cash flows, and the cash flow statement are the three primary financial statements.
Financial statements? What do you mean?Income accounts are a collection of records that demonstrate the financial standing of your business at a given period. They provide important information regarding the assets and debts of a business as well as its earnings and expenses.
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in the current labor market, suppose that the wage rate for accountants is significantly higher than the wage rate for economists. in the long run, if you observed that the wage rate for economists rose while the wage rate for accountants fell, which of the following would best explain your observation?
The best explanation for the increase in economist salaries and the decrease in accountant salaries must be that the supply of economists has decreased and the supply of accountants has increased. Option B is the correct answer here.
A commodity's price rises as its supply are reduced. Economist salaries increased as the number of available economists decreased. Whenever supply of something increases, the price goes down. Because of this, the salaries of accountants fell the number of available accountants increased.
This has raised concerns that these situations are self-reinforcing and could lead to wage-price spirals, long-running loops in which inflation drives higher wage growth, which in turn drives even higher inflation.
Complete question:
In the current labor market, suppose that the wage rate for accountants is significantly higher than the wage rate for economists. In the long run, if you observed that the wage rate for economists rose while the wage rate for accountants fell, which of the following would best explain your observation?
(A) The supply of economists must have increased, and the supply of accountants must have decreased.
(B) The supply of economists must have decreased, and the supply of accountants must have increased.
(C) The demand for economists must have increased, and the supply of accountants must have decreased.
(D) The demand for economists must have decreased, and the supply of accountants must have increased.
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