Answer: Normal good
Explanation:
A normal good is a good that has a positive correlation between its income and demand. This means that for a normal good, an increase in income will lead to an increase in the demand for the good while a reduction in income will also lead to a reduction in the demand for the good.
Cassandra bought 16 clothes when her income was $40000 but when her income reduced to $35000, she bought less of the good. That means that the cotton blouses bought by Cassandra are normal good.
Answer:
$294,600
Explanation:
Given that,
September sales = $303,000
October sales = $289,000
Monthly sales are 80% credit and 20% cash.
Of the credit sales, 50% are collected in the month of sale, and 50% are collected in the following month.
Cash collections for the month of October:
= 20% of October sales + 50% of the credit sales in October + 50% of the credit sales in September
= (0.2 × $289,0000 + (0.5 × 0.8 × $289,000) + (0.5 × 0.8 × $303,000)
= $57,800 + $115,600 + $121,200
= $294,600
Answer:
national income is the income received by households less personal taxes,,
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