Answer: True
Explanation:
A convenient product is the product that is relatively inexpensive item that merits little shopping effort.
A convenient product refers to an inexpensive product which requires a little amount of effort from the consumer to purchase it. Some examples of convenience products include soft drink, bread, coffee.
Therefore, the statement given is true.
Answer: Option (B) is correct.
Explanation:
The new tax on sales of these luxury boats considered to be a reasonable way to boost government revenue thereby tax burden would most likely fall only on the wealthy individual and therefore neither they nor any other individual would suffer.
But 20% of employees hired by manufacturers of these luxury boats lost their jobs as a result of the respective tax.
If true, the following will most strongly support the above arguments: The tax would induce a net gain in revenue created by tax for the state only if yearly revenue that it creates goes beyond the total of yearly tax-revenue decline resulting from employees loss of jobs.
Answer:
Depreciation Expense = $54400
Explanation:
The straight line depreciation charges a cosntant depreciation expense throughout the useful life of an asset.
The formula to calculate the straighline depreciation on an asset is,
Depreciation expense per year = (Cost - Salvage Value) / useful life
Thus,
The depreciation expense per year on Newman Co. CNC router cutting and engraving machinery is,
Depreciation Expense per year = (320000 - 48000) / 5
Depreciation expense = $54400
Answer:
Missing word in 1. <em>"Assume the marginal propensity to consume (MPC) is 0.75."</em>
<em />
1. Using the ffg formula to calculate the effect of real GDP
Real GDP = [1/1-MPC]*Government purchase
= [1 / 1 - 0.75]*60,000
= (1/0.25)*60,000
= 4*60,000
= $240,000
Thus, the total change in real GDP is $240,000, it means the real GDP increases by $240,000
2. Real GDP = (MPC/1-MPC)*Government spending
= 0.75/1-0.75*60,000
= 0.75/0.25 * 60,000
= $180,000
Thus, the total change in real GDP is $180,000, it means the real GDP increases by $180,000
3. Thus, from the calculation, it is clear than an increase in government transfers or taxes as opposed to an increase in government purchases of goods and services will result in a smaller eventually effect on real GDP.
Hii :))
Owner's equity is defined as the amount of money invested by the owner in the business minus any money taken out by the owner of the business.
~
