1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
maw [93]
3 years ago
12

Suppose that an economy consists of only two individuals. Jeremy has $1830 available to spend on goods. He decides to purchase $

930 worth of produce from Michele in the current quarter. No other economic activity takes place during the current quarter.
A) For the current year, what is the economy's income?

B) For the current year, what is the economy's expenditure?

C) In an economy, how are income and expenditure related?
Business
1 answer:
Effectus [21]3 years ago
7 0

Answer:

A) $930

B) $930

C) See explanation

Explanation:

A) Since Jeremy spends by purchasing products from Michele, Michele earns an income. As there are no further activity, the economy's income is $930.

B) Since Jeremy spends by purchasing products from Michele, Jeremy pays money. As there are no further activity, the economy's expense is $930.

C) There is a relationship between income and expenses in an economy. That relationship is called the consumption factor. If people earn money, they tend to spend that money. In an economy, someone's income may include another person's expenditure. An example can show the relationship in a better way -

If Mary earns money by providing services, it will be her income and also the economy's income. As another person pays fees for the services, it will be the customer's expense and also the economy's expenditure.

You might be interested in
Khfhggjjv,gkjbmmjhbb.l
loris [4]

Answer: um i need you to ask the question so we can answer it

Explanation:

5 0
3 years ago
Marie is a small-business owner who loves to take risks. She also enjoys going out and meeting customers and potential clients—t
DerKrebs [107]

Answer:

Conceptual

Explanation:

Conceptual decision making is based on creative thinking and the leader is not afraid to take risks and take the visionary approach to solve his/her problems. In the given scenario, Marie is a risk taker and consider her alternatives taking into account the broader perspective and future possibilities. She is more achievement oriented than finding immediate short term solutions.

7 0
3 years ago
Suppose that a firm produces 10 units of output. Its Average Variable Cost (AVC) = $25, Average Fixed Cost (AFC) = $5, and Margi
Andreyy89

Answer:

Total Cost  = $300

Average Total Cost = $30  

correct option is a.) Total cost is $300

Explanation:

given data

produces output = 10 units

Marginal Cost = $30

Average Variable Cost = $25

Average Fixed Cost = $5

solution

first we get here total cost that is

Total Cost = Total Variable Cost + Total Fixed Cost    .................................1

so here Total Variable Cost = Average Variable Cost × Output    

Total Variable Cost = $25 ×  10

Total Variable Cost =  $250

and total fix cost is = Average Fixed Cost × Output

total fix cost = $5 × 10 =

total fix cost = $50

so Total Cost is here

Total Cost  = $250 + $50

Total Cost  = $300

A) is correct

and

Average Total Cost will be

Average Total Cost = \frac{total\ cost}{out\ put}    ...................2

Average Total Cost = \frac{300}{10} = $30

Average Total Cost = $30  

3 0
3 years ago
What is Eduloan and is it a good choice is it affordable...Why should we choose Eduloan and how does it work
Gekata [30.6K]
Yes it is affordable however I don’t know what eduloan is
6 0
3 years ago
If bonds for Crayon Corporation, with a face value of $150,000, are converted into common stock when the carrying value of the b
Llana [10]

Answer:

(C) Bonds Payable for $150,000

Explanation:

the face value of the bonds will the value at which bonds payable account enter the accounting. Then, there is a discount which decrease the net value of the bonds:

Bonds Payable        150,000 credit

Discount on bonds   15,000  debit

When the bonds are converted, we will write-off these account against common stock and additional paid-in

To wirte-off the account we need to post them in the other side so we got:

Bonds payable debit 150,000 debit

       Discount on bonds         15,000 credit

      Common Stock                       xx credit

      Additional paid.in                    xx credit

These makes option C correct

5 0
3 years ago
Other questions:
  • A manufacturing company has a beginning finished goods inventory of $14,600, raw material purchases of $18,000, cost of goods ma
    15·1 answer
  • Anders is researching sociocultural factors related to his employer, a sporting goods manufacturer.Which of the following would
    14·1 answer
  • Is it reasonable to expect that managers can measure their social and environmental performance on the same level as they measur
    6·1 answer
  • Bakit mahirap na matamo ang kaganapang pantao​
    10·1 answer
  • A consumer is 20 years old and expects to live to age 80. He has a current wealth of $100,000, an annual income of $100,000, and
    15·1 answer
  • Look at the circular flow diagram. Choose and define an environmental issue. Using the diagram as a guide, explain how the envir
    9·1 answer
  • The common stock of Alpha Manufacturers has a beta of 1.18 and an actual expected return of 13.33 percent. The risk-free rate of
    11·1 answer
  • On March 1, 2020, Mike Dials purchased a suit at Crane's Fine Apparel Store. The suit cost $950 and Mike used his Crane credit c
    13·1 answer
  • Need help with questions 1-5
    10·1 answer
  • In its most basic sense, _____ involves the positive feelings and evaluations individuals have about their employment.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!