Answer:
Investment 175
Explanation:
<u>Calcualted from Income:</u>
GDP = C + G + I
350 = 100 + 75 + I
I = 350 - 100 - 75
I = 175
The income comes from consumption, the goverment or through invesment
<u>Calculated from savings: Investment = Savings</u>
Savings = public saving + private savings
Savings = (taxes - gov spending) + (income - consumption - taxes)
Savings = (60 - 75 ) + (350 - 100 - 60)
Savings = -15 + 190 = 175
To invest, we need to save, the public savings is the difference between the taxes colelcted and the gov spending
Then, the private savings are what is left after consuming and paying taxes.
Answer:
a. No journal entry required.
Explanation:
a. No journal entry required.
b. No journal entry required.
c. DR - Rent Expense - $20
CR - Cash - $20
d. Cash (DR) 7,955
DR - Collection expense - $45
CR - Notes Receivable - $8,000
e. DR - Accounts Receivable-E. Shaw - $ 805
CR - Cash - $805
f. DR - Misc Expenses - $25
CR - Cash - $25
g. No journal entry required.
i. No journal entry required.
Answer:
$609,000
Explanation:
The revenue in June for Comfort Cords is the sum of the revenue from cords and hair ties.
The revenue from each is the product of the unit selling price and the quantity sold.
= 50000 * $12 + 9000 * $1
= $600,000 + $9000
= $609,000
Answer:
Oligopoly
Explanation:
Oligopoly - it is referred to as a marketing structure in which there are few suppliers in the market and every supplier has its own unique function and unique control over the market.
In the given question, cleftell Inc is also one of that firm which has its own control over the market that is why government back them so that they will supply the coal in discounted rate as before
