Answer:
Profit (or Loss) = Total Income - Total Expenses
Explanation:
Cash accounts deal with transactions that involves cash basis, not accrual basis. Thus there would majorly be cash inflows and cash outflows, which can be referred to as income and expenses respectively.
In calculating the cash account, subtract the sum of all cash outflow (expenses) from the sum of all cash inflow (income).
i.e Profit (or Loss) = Total Income - Total Expenses
I d say checking accounts, CD s or market money
A. True bc the maker can always affect the economic decision as a whole
Answer:
$26,780
Explanation:
Data provided in the question:
Expenditures:
Cash price = $24,000
Accident insurance = $2,000
Sales taxes = $1,080
Motor vehicle license = $300
Painting and lettering = $1,700
Now,
The cost of the truck will include
= Cash price + Sales taxes + Painting and lettering
= $24,000 + $1,080 + $1,700
= $26,780
Note:
Accident Insurance and Motor Vehicle license are not included in the cost of the truck as they are revenue expenses
Answer: 2/3
Explanation: Crowding out may described as an effect which stems from government involvement in an economic market resulting in the reduction of personal consumer goods or investments and businesses due to rising interest rates and low capital accumulation.
In the question above, if crowding out is ignored, The marginal propensity to consume(MPC) will be:
Multiplier = $30 billion ÷ $10 billion = 3
Multiplier = 1÷ (1 - MPC)
3 = 1 ÷ (1 - MPC)
3(1 - MPC) = 1
3 - 3MPC = 1
-3MPC = 1-3
-3MPC = - 2
MPC = 2/3