Answer:
$1,000; $1,000
Explanation:
Given that,
Household saving = $300
Business saving = $700
Government purchases = $1,000
Government transfers and interest payments = $500
Government tax collections = $1,500
GDP = $5,000
Public saving:
= Government tax collections - Government purchases - Government transfers and interest payments
= $1,500 - $1,000 - $500
= $0
Private savings:
= Household saving + Business saving
= $300 + $700
= $1,000
National savings:
= Public saving + Private saving
= $0 + $1,000
= $1,000
Answer:
The accounting process begins with Analysis of business transactions and source documents
Explanation:
The Accounting process begins by<em> identifying the transactions and events</em> that occurred in the business.
After identification, the events and transactions have to be<em> recorded in appropriate Account</em> using the <em>proper books of entry</em>.
A list of Balances known as the <em>Trial Balance</em> is then computed when the Accounts are closed.
The Trial Balance is then used <em>to prepare financial statements</em>.
Financial Statements are then <em>Analysed</em> to assist various stakeholders and users of financial statements to <em>make decisions</em>.
Answer: Lifestyle change/desire to change it is the suburbanization of more developed countries.
Explanation: More developed countries have suburbanized areas which are houses on larger, private lots and their own driveways. More developed countries have the ability to build and maintain suburbanized areas monetarily and by use of equipment than poorer countries.
Waylon's Purchase will cost $198.05, and section B depends.
Section A is 85% of 233 since thats the total, making the answer to section A $198.05. The answer to section B depends because if he wants more school supplies, then yes, he would want to buy more things for better deals. But if he’s on a budget, then he wouldn't want to spend as much money since saving 20% on something over $300 is more than saving 15% on something over $200. THIS IS ONLY THE ANSWER IF YOU SEE A SIGN IN THE ASSIGNMENT THAT SAYS: Spend $100, save 10%, spend $200, save 15%, spend $300, save 20%, and spend $400, save 30%.
Answer:
- The price buyers will pay will be higher
- The tax on T shirts will cause a dead weight loss
- There will be a decrease in T shirts sold
Explanation:
In this scenario when curve for demand and is not perfectly inelastic it means that with an increase in price there is a fall in the amount of a good demanded.
So when tax is imposed on the T shirts the producers will have a higher cost of production. This is transfered to the buyer in form of higher prices.
Since the increase in price reduces quantity demanded, the buyer will buy less T Shirts at the higher price
Dead weight loss is a cost to society as a result of inefficiency non the market.
When taxes are applied supply and demand go out of equillibrum as prices are now higher. Therefore tax imposition causes a dead weight loss.
