Being "self-employed" means that your <span>working for yourself as a freelancer or your the owner of a business rather than being an employee.
Most people are self-employed because they have their own ideas and dreams that they want to create without being held back by a boss or manager. Others a self-employed simply because they don't like the idea of working for someone else.</span>
With prices down and wages fixed by contract, Milli's Frozen Pizzas decides to lay off workers would not be an expected response from a decrease in the price level.
<h3>What happens to the budget line if prices don't change but consumer income does?</h3>
Consumers will switch to the consumption of lower combinations of goods or services if their income declines. Since the cost of the commodities has not changed, the budget line will drop downward but the slope stays the same.
When one or both product prices fluctuate while nominal revenue (budget) stays the same, the budget line will alter. a change in the nominal income level with no change in the relative prices of the two goods.
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A record of income and expenditures for a given period of time is called a BUDGET.
Answer:
Assets = $66,974
Liabilities = $0
Equity = $66,974
Explanation:
Assets
Assets are resources that are controlled by the business, which generate economic benefits.
Total Assets = Non-Current Assets + Current Assets
where,
<u>Non-Current Assets :</u>
Office Equipment $ 10,000
Computer Equipment $20,000
Total Non-Current Assets $30,000
<u>Current Assets :</u>
Cash $15,000
Accounts receivable $12,882
Computer supplies $2,545
Prepaid insurance $3,220
Prepaid rent $3.300
Total Current Assets $36,947
Total Assets $66,974
Liabilities
Liabilities are present obligations of the business that result in outflow of economic resources.
Total Liabilities = Non-Current Liabilities + Current Liabilities
where,
Non-Current Liabilities = $0
Current Liabilities = $0
Total Liabilities = $0
Equity
Is the residue of what is left when Liabilities are deducted from the Assets
Total Equity = Total Assets - Total Liabilities
= $66,974 - $0
= $66,974
Answer:
Artisanal Chips
For the production combination of 100 bags of each flavor of chips, the three resources are not completely used are:
c. herbs, maize, and salt
Explanation:
a) Data and Calculations:
Ingredients Ounces Usage per Bag
Pumpkin Chipotle Basement
Salt 1,000 2 6 1.75
Maize 2,000 6 6 3.5
Herbs 1,200 1.75 5 1.5
Basement Chipotle Pumpkin
Profits for a bag $0.40 $0.60 $0.50
Total ingredients required for 100 bags of each:
Resources Pumpkin Chipotle Basement Total Unused
Usage Resources
Salt 1,000 200 600 175 975 25 ounces
Maize 2,000 600 600 350 1,550 450 ounces
Herbs 1,200 175 500 150 825 375 ounces
