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Nadusha1986 [10]
3 years ago
5

Consumption expenditures: a. Account for over two-thirds of total spending. b. Include purchases of new and used goods by consum

ers. c. Are equal to disposable personal income plus personal savings. d. Are equal to consumer spending plus transfer payments
Business
1 answer:
Nataly_w [17]3 years ago
3 0

Answer:

A) Account for over two-thirds of total spending.

Explanation:

In the US, consumption represents around 70% of the gross domestic product. It is by far the most important component of the GDP. It includes all the final goods and services purchased by private households.

Services represent 60% of personal consumption ,e.g. banking, health care, education, etc. The remaining 40% is divided between durable goods (cars, furniture, etc.) and non-durable goods (clothing, food, gas, etc.).

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Contribution Income Statement and Cost-Volume-Profit Graph Picnic Time produces a picnic basket that is sold for $100 per unit.
Ira Lisetskai [31]

Answer:

Graph Picnic Time

Contribution Income Statement

For the Month of July

Sales                                               $400,000

Less variable costs:

Direct materials                              $100,000

Direct labor                                        60,000

Manufacturing overhead                  20,000

Selling and administrative                 16,000

Total variable costs                       $196,000

Contribution margin                     $204,000

Less fixed cost:

Manufacturing overhead $36,000

Selling and administrative 68,000

Total fixed costs                            $104,000

Profit                                              $100,000

Explanation:

a) Data and Calculations:

Selling price per picnic basket = $100

July Production and sales = 4,000 baskets

Variable Costs per Unit:

Manufacturing:

Direct materials              $25

Direct labor                        15  

Manufacturing overhead   5

Total                               $45

Selling and administrative 4

Total                               $49

Fixed Costs per Month

Manufacturing overhead $36,000

Selling and administrative  68,000

Total                                 $104,000

Contribution Income Statement

For the Month of July

Sales                                               $400,000 ($100 * 4,000)

Less variable costs:

Direct materials                              $100,000 ($24 * 4,000)

Direct labor                                        60,000 ($15 * 4,000)

Manufacturing overhead                  20,000 ($5 * 4,000)

Selling and administrative                 16,000($4 * 4,000)

Total variable costs                       $196,000

Contribution margin                     $204,000

Less fixed cost:

Manufacturing overhead $36,000

Selling and administrative 68,000

Total fixed costs                            $104,000

Profit                                              $100,000

8 0
3 years ago
Health Care Event Protection
Genrish500 [490]

Answer:

$ 132,500

$4,250

$9000

Explanation:

From the given information:

Christina Haley of San Marcos who's aged 57 years recently suffered from stroke.

She was in intensive care for 3 days and was hospitalized for 10 more days

Total bill = $135,500

After Discharge;

she spent 25 days in a nursing home at a cost of $170 per day

Amount earned by Christiana per month at her work = $4500

She missed 2 months of going to work.

Christina had a health insurance plan through her employer.

The policy had a $1,000 deductible and an 80/20 coinsurance clause with a $2,000 coinsurance cap

1. How much of Christina’s direct medical expenses was paid by her insurance policy?

The amount the insurance policy paid  can be known by the expression:

= Total bill amount for the care - deduction for policy - coinsurance cap

= $135,000 - $1000 - $2,000

= $ 132,500

2. What did Christina have to pay for her nursing home care?

We are being told that She spent 25 days in a nursing home at a cost of $170 per day

Thus; the amount  Christina have to pay for her nursing home care = 25 × $ 170

= $4,250

3. How much income did Christina lose?

We knew she missed two months from work and she collect $4500 per month.

Thus the amount of income she lose =  $4500 × 2

the amount of income she lose = $9000

5 0
3 years ago
Under its executive stock option plan, W Corporation granted options on January 1, 2021, that permit executives to purchase 15 m
stiv31 [10]

Answer:

$270m

Explanation:

We can calculate the amount that will increase W's shareholder's equity when the options are exercised as follows

Increase in equity =  No Options Granted x Exercise price at the date of grant

Increase in equity = 15million x $18  

Increase in equity = $270m

       

5 0
3 years ago
A marketing strategy that involves a firm using different marketing mix actions to help consumers perceive the product as being
Gwar [14]

Answer:

It is referred to as product differentiation.

Explanation:

Product differentiation is a strategic type of marketing in which a firm uses campaigns and promotions to highlight features that make its product unique as well as the benefits of using the product or service.

This kind of marketing differentiate the firm's product or services from those of competitors and makes consumer perceive such differentiated product or service as better than other similar competing products.

3 0
3 years ago
Read 2 more answers
Why do most economists believe that the value for the government purchases multiplier is greater than the value for the tax mult
Rudiy27

Because taxes keep some of the original impact of the tax, unlike spending multipliers, the spending multiplier is always one bigger than the tax multiplier. Any changes in consumer spending that follow any real GDP expansion or contraction brought on by the application of fiscal policy are referred to as the multiplier impact.

Any shift in aggregate demand will typically be significantly increased with a high multiplier, making the economy more unstable. Contrarily, with a low multiplier, changes in aggregate demand will not be amplified by a large amount, leading to a tendency for the economy to be more stable.

To learn more about tax multiplier

brainly.com/question/28140364

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8 0
1 year ago
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