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2 years ago

When a person receives an increase in wealth, what is likely to happen to consumption and saving?

Business

1 answer:

Arturiano [62]2 years ago

8 0

When a person receives an increase in wealth, Consumption increases and saving decreases

Both present and future consumption rises as a consumer's current income does as well. Savings increase because current spending increases but does so at a slower rate than current income growth. Again, both present and future consumption rises when the customer receives an increase in predicted future income.

Savings declines because current consumption rises while current income does not. Current and future consumption both grow when the consumer's wealth increases. Again, because current income has not increased, saving has decreased. These individual actions to adjust one's consumption and saving habits have a cumulative effect on the aggregate amount of desired consumption and saving.

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Suppose a student graduates from college with a civil engineering degree and is now employed to grade papers,

kvv77 [185]

Answer:

The correct answer is Underemployed.

Explanation:

Underemployment has among its meanings, the following:

The employment of workers with high skill levels, in those jobs where such skills are not required, such as the case of a trained doctor, who must also work as a taxi driver.

Involuntary part-time of workers: In this case the workers who could and in any case want to start a full-time job, although they can only find part-time work. By analogy, the term is also used in regional planning to describe regions where economic activity rates are unusually low, due to lack of employment opportunities, training opportunities, or due to lack of services such as transportation, childcare, etc.
Excessive personnel or hidden unemployment: this is the practice that occurs when companies or economy employ workers who are not fully employed. For example, workers who are not currently used to produce goods or services due to legal or social restrictions, or because the work is highly seasonal.

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3 years ago

Costs that are NOT affected by the quantity of a product sold are _______ costs. Examples of these costs include rent, insurance

Dvinal [7]

Answer:

The correct answer is fixed costs.

Explanation:

Fixed costs are the cost that is spent on fixed inputs. They do not vary with the level of output. For instance insurance, rent, etc. They do not change with the change in the quantity of product, unlike variable costs.

The variable costs are the cost incurred on variable inputs. They vary with the level of output produced.

6 0

3 years ago

Carla Vista Company reports the following operating results for the month of August: sales $385,000 (units 5,500), variable cost

Neko [114]

Answer and Explanation:

The computation is shown below:

Selling Price = Sales ÷ Units Sold

Current Selling Price = $385,000 ÷ 5500

= $70

Now

Expected Selling Price per unit = $70 + ($70× 10%)

= $77

Now

Expected Sales = 5500 × $77

= $423,500

Now

Net Income = Sales - Variable Cost - Fixed Cost

= $423,500 - $250,000 - $94,000

Sales = $385000

Variable cost = $385,000 × 56% = $215,600

Sales $385,000

Less: variable cost -$215,600

Contribution Margin $169,400

Les: fixed cost -$94,000

Net Income $75,400

As we can see that if there is an increase in Selling Price by 10% so it would produce highest Net Income.

3 0

3 years ago

Blaine Air Transport Service, Inc., providing air delivery service for businesses, has been in operation for three years. The fo

Valentin [98]

Answer:

Entries and their narrations are posted below

Explanation:

We will record assets and expenses on the debit as they increase during the year and will record liabilities and capital on the credit side as they increase during the year or vice versa.

February 1 (Paid $275 for rent of hangar space in February)

Rent (Expense) Dr $275

Cash (Asset) Cr $275

February 2 (Purchased fuel costing $490 on account for the next flight to Dallas.)

Fuel (Expense) Dr $490

Accountt Payable (Liability) Cr $490

February 4 (Received customer payment of $820 to ship several items to Philadelphia next month.)

Cash (Asset) Dr $820

Shipment (R) Cr $820

February 7 (Flew cargo from Denver to Dallas; the customer paid $910 for the air transport)

Cash (A) Dr $910

Ticket (R) Cr $910

February 10 (Paid $175 for an advertisement in the local paper to run on February 19.)

Advertisement (E) Dr $175

Cash (A) Cr $175

February 14 (Paid pilot $2,300 in wages for flying in January (recorded as an expense in January))

Wages payable (L) Dr 2300

Cash (A) Cr 2300

February 18 Flew cargo for two customers from Dallas to Albuquerque for $3,800; one customer paid $1,600 cash and the other asked to be billed.

Cash (A) Dr 1600

Account Receivable (A) Dr 2200

Ticket (R) Cr 3800

February 25 Purchased on account of $2,550 in spare parts for the planes.

Spares (E) Dr 2550

Account Payable (L) Cr 2550

February 27 (Declared a $200 cash dividend to be paid in March.)

Retained Earnings (SE) Dr 200

Dividend Payable (L) Cr 200

8 0

3 years ago

Which if the following is not form of mass communication

leva [86]

Answer:

out of given option, job interview is not the form of job interview.

Explanation:

out of given option, job interview is not the form of job interview.

Mass communication is a method of sharing information with large parts of population via media

we know that mas communication is the communication which include mass either in the form listener or speaker.

if we take rest three option we will find that all three types are include mass.

5 0

3 years ago

Read 2 more answers