Based on the marginal propensity to consume and the change in income, the change in consumption was $7.2 billion.
<h3>What was the change in consumption?</h3>
The change in consumption can be found as:
= Change in income x Marginal propensity to consume
Solving gives:
= 12 billion x 0.6
= $7.2 billion.
Find out more on marginal propensity to consume at brainly.com/question/17930875.
Answer:
8 business functions:
Explanation:
1. Finance's role is to fund, manage budgets, accounting, financial controls, and audits.
2. Marketing's role is processing like promotions, pricing, sales and distributions.
3. Information Technologies role is to developed and operate systems and applications.
4. Customer Service's role is managing customers and handling their needs or requests like inquiries or returns.
5. Production's role is manufacturing products or delivering for different services.
6. Distribution's role is the process of teaching the customer with the product you are delivering or service you are providing.
7. Design's role is prioritizing and making sure the design of the product or service stands out as it's own business function.
8. Governance's role is firm in direction and control. They manage the performance of management.
Answer:
For example, Bank of Baroda, State Bank of India (SBI), Dena Bank, Corporation Bank and Punjab National Bank.
Answer: a. $31.5 ; b. $45.
Explanation:
A. What price should the stock sell at? The discount rate is 15%.
The dividend for the first year will be:
= $3 × (100% + 5%)
= $3 × 105%
= $3 × 1.05
= $3.15
Since Price = D1/Ke - g
Price = 3.15/0.15 - 0.05
Price = 3.15/0.10
Price = $31.5
B. How would your answer change if the discount rate was only 12%?
Price = D1/Ke - g
Price = 3.15/(0.12 - 0.05)
= 3.15/0.07
= $45
The answer changed because the discount rate has been reduced which led to the increase in the answer.
Answer: The Owner’s Equity ending balance is $15,730.
Explanation: In order to calculate the ending owner’s equity you need to identify the capital, revenue and expense accounts.
The Owner’s Equity is $12,940 and withdrawals are $790.
Revenue (Fees Earned) is $9,250.
Expenses equal 2,500 + 1,960 + 775 + 250 + 185 = $5,670.
Now that we have identified the each of the three categories, we will use the owner’s equity equation.
Owner’s Equity = Capital - Drawing + Revenues - Expenses
Owner’s Equity = $12,940 - 790 + 9,250 - 5,670
Owner’s Equity = $15,730