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Anettt [7]
3 years ago
9

When considering the impact of individual consumption levels on a country's economic health, which segment of the population is

the most important contributor?
A
The lower class, because there are so many of them
B
The upper class, because they consume higher-priced goods.
C
The upper class, because they pay the most taxes
D
The middle class, because they consume the most
E
All classes contribute equally to a country's economic health
Business
1 answer:
atroni [7]3 years ago
8 0
I think that in most countries, the marketing analysts would focus on the middle class. One factor is that, the rich class would always be outnumbered by the middle and the lower class. So even if they buy high-priced goods, they would only contribute a small part of the total profit. On the other hand, lower class people can't afford much of these products. That is maybe why commodities are advertising lower prices so as to attract more people. Hence, the answer is most probably letter D.
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Cotton Hotel Corporation recently purchased the Hotel Middleburg and the land on which it is located. Cotton Hotel Corporation i
Yanka [14]

a. depreciated over the period from acquisition to the date the hotel is scheduled to be torn down.

b. written off as a loss in the year the hotel is torn down.

c. capitalized as part of the cost of the land.

d. capitalized as part of the cost of the new hotel.

capitalized as part of the cost of the land.

Answer: Option C.

<u>Explanation:</u>

Since the land of the hotel is going to be the same on which the new hotel is going to be built, the cost of the hotel would be capitalized as the cost of the land of the new hotel that is to be built on the same land on which the hotel middleburg was built.

It was written in the books as the capitalized cost of the land because the land of both the hotels are going to be the same.

8 0
3 years ago
For the quarter ended March 31, 2017, Croix Company accumulates the following sales data for its newest guitar, The Edge: $316,7
erastovalidia [21]

Answer:

Explanation:

The preparation of ta static budget report for the second quarter is shown below:

                                          CROIX COMPANY

                                         Sales Budget Report

                             For the Quarter Ended June 30, 2017

                       Second Quarter                      Year to date

Product Line  Budget  Actual  Difference  Budget  Actual  Difference

New Guitar $383,500  $387,400 $3,900    $700,200 $690,500  $9,700

                                                      Favorable                             Unfavorable

The year to date balances are computed below:

For Budget:

= $383,500 + $316,700

= $700,200

For Actual:

= $387,400 + $690,500

= 690,500

6 0
3 years ago
When a central bank increases bank reserves by $1, the money supply rises by more than $1. The amount of extra money created whe
zvonat [6]

Answer:

ii) in a fractional-reserve banking system, each dollar of reserves can support more than one dollar of deposits, thereby increasing the money supply by more than $1.

Explanation:

In a  fractional-reserve banking system, banks only keep a fraction of total deposits on hand. They will usually only keep the amount required by the Fed, which is called the required reserve ratio. Banks will lend the rest of the money to customers, since they make money by borrowing from customers and lending it at higher rates.

E.g. you deposit $1,000 in the bank. The bank is required to keep 10% in reserves, but lends $900 to another client. That client will spend the money and purchase something. The seller of that good or service then deposits the money into his/her bank. That second bank will then separate $90 as reserves and lend $81 to a different client which will again purchase something, and the cycle goes on...

6 0
3 years ago
The economic significance of successful ticket scalping (scalpers sell tickets at higher than official prices) at baseball games
Vinvika [58]
<span>Scalpers lead to the understanding that there is an overabundance of demand for tickets in comparison to the supply of tickets. With buyers willing to pay a premium for the scalped tickets, this can show that there is the ability for ticket prices to be raised and customers will still purchase them.</span>
5 0
4 years ago
Partnership records show the following capital balances at the date of Hopkin's withdrawal: M. Hammel, $80,000; D. Hopkins, $210
Anestetic [448]

Answer:

Dr D. Hopkins, Capital 210,000

Cr P. Houghton, Capital 10,000

Cr M. Hammel, Capital 10,000

Cr Cash 230,000

Explanation:

Preparation of the December 31 journal entry for the partnership.

Based on the information given the December 31 journal entry for the partnership will be :

Dr D. Hopkins, Capital 210,000

Cr P. Houghton, Capital 10,000

(100,000-80,000/2)

Cr M. Hammel, Capital 10,000

(100,000-80,000/2)

Cr Cash 230,000

3 0
3 years ago
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