Answer:
$100; $75
Explanation:
Given that:
- Tax revenue falls by 100 million dollars
- marginal propensity to consume (MPC) is 0.75.
Due to the fall in tax revenue, disposable income will increase by the same amount, that is, $100 million.
Consuption spending will initially increase by $75 million, as shown below:
= MPC × tax revenue fall
= 0.75 × $100,000,000 = $75,000,000
Answer: decrease ; less saving
Explanation:As people attempt to save more, the result is both a decline in output and unchanged saving. Although people want to save more at a given level of income, their income decreases by an amount such that their saving is unchanged. As people save more at their initial level of income, they decrease their consumption. But this decreased consumption decreases demand, which decreases production. A change in autonomous spending has a different effect on output than the actual change in autonomous spending.
Answer:
5,100 Consumers
Explanation:
The 17% of the total consumer recognize Flatfeet brand which means:
Consumers who recognize Flatfeet = Total Consumers * percentage of people that recognize the brand
Here
Total consumers are 30,000
And
Percentage of people that recognize the brand is 17%
By putting values, we have:
Consumers who recognize Flatfeet Brand = 30,000 * 17%
Consumers who recognize Flatfeet Brand = 5,100 Consumers
Answer:
$3,325
Explanation:
Bad Debt Expense = Allowance for uncollectible accounts 2022 - (Allowance for uncollectible accounts 2021 - Written off in accounts receivable
Bad Debt Expense = $4,100 - ($1,400 - $625)
Bad Debt Expense = $4,100 - $775
Bad Debt Expense = $3,325
So, the bad debt expense for 2022 would be $3,325.
