Marginal propensity to consume and marginal Propensity to save always equals to each other.you consume only from what you have saved
Judiciary is the judicial authorities of a country; judges collectively.
Executive is the person or branch of a government responsible for putting policies or laws into effect.
Answer:
$81,301.80
This is the yearly reveneus required to break even the project at 15% return
Explanation:
We need to solve for the equivalent annual cost to break-even financially at 15%
PV of the salvage value
Maturity $15,000.00
time 14.00
rate 0.15000
PV 2,119.9299
list price: 250,000 - quota: 2,119.93 = 247,880.07
<u>Now we solve for the equivallent annuity payment for this:</u>
PV 247,880.07
time 14
rate 0.15
C $ 43,301.795
<em><u>Now, we add up the maintenance cost: </u></em>
43,301.80 + 38,000 = 81,301.8
This is the yearly reveneus required to break even the project at 15% return
Answer:
The adjusting entries are as below:
Dr bad debt expense $4000
Cr Allowance for doubtful accounts $4000
Explanation:
The new allowance for doubtful accounts should be calculated as 10% of the closing balance of accounts receivable,i,e 10% of $400000=$40000
The new $40000 estimates of allowance for doubtful accounts means that the closing balance in allowance for doubtful accounts should be $40000 credit balance.
Since the opening balance was $36000 credit, the extra amount to top it up to $40000 is $4000($40000-$36000)
Hence,the required adjustment to the allowance for doubtful accounts is shown below
Dr bad debt expense $4000
Cr Allowance for doubtful accounts $4000
The Correct Response is Option B.
Inflation: can obscure relative price changes.
- In the field of economics, inflation refers to an overall rise in the cost of goods and services throughout a nation. Each unit of currency may purchase fewer products and services as the overall price level rises, hence inflation is associated with a decline in the buying power of money.
<h3><u>What occurs when inflation occurs?</u></h3>
- The main cost of inflation is the loss of real income, which occurs when prices rise unevenly and causes some customers' buying power to decline. For both those who receive and pay fixed interest rates, inflation might over time affect their ability to make purchases.
To learn more about Inflation, Click the links,
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