Answer:
Wholistic Health Services Co.
Income Statement for the year end February 28, 2019
Service Revenue $270,900
Less: Supplies Expense <u>$3,000 </u>
Gross Income $267,900
Less operating Expenses:
Insurance Expense $4,000
Depreciation Expense $9,000
Miscellaneous Expense $6,000
Utilities Expense $1,760
Rent Expense $4,200
Wages Expense <u>$213,000</u>
<u>$237,960</u>
Net Income <u>$29,940 </u>
Explanation:
Income statement shows the performance of the company in a year. It provides the details of revenue, expenses and profits for the year. All the expenses are deducted from the revenue to determine the net earning of the business.
Answer:
b. set in when the fifth worker is hired
After this point additional worker return will be lower.
Explanation:
Trhe diminishing return are the moment at which the marginal increase in production decrease.
In other words, adding a new resource provide less return than his predecessor.
Marginal
2 do 4 hours
3 do 6 houses (marginal 6 - 4 = 2)
4 do 9 houses (marginal 9 - 6 = 3)
5 do 13 houses (marginal 13 - 9 = 4)
6 do 15 houses (marginal 15 - 13 = 2)
the marginal output decrease from 4 to 2 the returns decreased.
Answer:
The answer is 16 years.
Explanation:
The formula for calculating the value of an investment that is compounded annually is given by:
Where:
is the number of years the investment is compounded,
is the annual interest rate,
is the principal investment.
We know the following:
And we want to clear the value <em>n</em> from the equation.
The problem can be resolved as follows.
<u>First step:</u> divide each member of the equation by 
:
<u>Second step:</u> apply logarithms to both members of the equation:
<u>Third step:</u> apply the logarithmic property 
in the second member of the equation:
Fourth step: divide both members of the equation by 
We can round up the number and conclude that it will take 16 years for $10,000 invested today in bonds that pay 6% interest compounded annually, to grow to $25,000.
Answer: Monetarist
Explanation:
The monetarist theory is a theory which believes that the changes in the supply of money is the most important factor in the growth of an economy.
In this concept, economic stability can be fostered through targeting the money supply. The theory assume that the fluctuations in both the investment and consumption expenditure, which are s a result of the fluctuations in growth rate of the quantity of money, are the main source of fluctuations in aggregate demand.
Answer:
deciding not to buy a car
