Answer:
True
Explanation:
The statement is true.
Suppose a consumer purchases a bundle of goods, say 40 units with his given money income of $1000.
Now, if there is a fall in the price level of the goods then this will increase the purchasing power of the consumer and hence he will be able to buy more quantity of goods, say 60 units with the same level of money income i.e $1,000.
This illustrates that as the price level falls, the purchasing power of the consumer increases or we can say that holders of money become richer.
Answer:
Item cash Net income
a Purchase of Supplies of cash -$100 -
b Adjusting entry for use of supplies - -$30
c Made sales on account - $1,250
Or
Made sales on account - $1,297
d Received cash from customer on acct $850 -
Or
Received cash from customer on acct $865 -
e Purchased equipment for cash -$2,600 -
Or
Purchased equipment for cash -$2,528 -
f Depreciation of building to be recorded - -$650
Or
Depreciation of building to be recorded - -$610
Answer:
3.36 years
Explanation:
The cash outflows and the cash inflows are shown below:
In year 0 = $4,300
In year 1 = $550
In year 2 = $970
In year 3 = $2,600
In year 4 = $500
When we add the first three-year cash inflows, it would be $4,120 Now we subtract the $4,120 from the $4,300, so the sum would be $180 as if we added the fourth-year cash inflow to the initial investment, then it exceeds.
Therefore, we subtract it, and the next year's cash inflow will be $500.
= 3 years + $180 ÷ $500
= 3.36 years
There are many impact that could happen when doing this, some good some bad. The bad ones being that you could possibly lose credits that you have already earned, and you have to adjust to new atmosphere and new people. The good impact of this sis that you may be able to learn in a new way that could possibly be easier to understand for you.
