1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alex787 [66]
2 years ago
6

1) Household spending on goods and services is known as A) consumption spending. B) planned investment spending. C) government p

urchases. D) net exports.
Business
1 answer:
Levart [38]2 years ago
5 0

Household spending on goods and services is known as consumption spending.

Explanation:

Consumption spending is the purchasing of goods and services by individuals or families. At the macroeconomic point, it is the bulk of aggregate demand. Household spending is the amount resident households pay for end-consumption spending to meet their daily needs.

Consumer spending is the overall money that individuals and households spend on the final goods and services for personal use and pleasure in an economy. Consumer spending is a major economic driving factor and a central principle in economic theory.

You might be interested in
Capes Corporation is a wholesaler of industrial goods. Data regarding the store's operations follow: Sales are budgeted at $280,
mario62 [17]

Answer and Explanation:

a. The preparation of Schedule of Expected Cash Collections for November and December is shown below:-

Schedule of Expected Cash Collections

for the month of November and December

Particulars                      November              December

Accounts receivable     $63,000

Sales                               $280,000             $290,000

Expected cash collection

in the month of sale 60%

collection                        $168,000                $112,000

                                      ($280,000 × 60%) ($280,000 × 40%)

Next month 40%

cash collection                                                $174,000

                                                                  ($290,000 × 60%)

Total cash collection    $231,000                 $286,000

b. The Preparation of Merchandise Purchases Budget for November and December is shown below:-

Particulars                 November      December    January

Cost of goods sold a

(80% of sale)               $224,000    $232,000       $216,000

                           ($280,000 × 80%) ($290,000 × 80%) ($270,000 × 80%)

Add: Ending

inventory b                    $92,800           $86,400

                                  ($232,000 × 40%) ($216,000 × 40%)

Total inventory             $316,800          $318,400

(c = a + b)

Less: Opening inventory d $89,600          $92,800

                                  ($224,000 × 40%)

Material to be

purchased                          $227,200         $225,600

(e = c - d)

5 0
3 years ago
Copper alloy products shipped to manufacturers are supplied in the __________ condition when maximum strength is required.
vampirchik [111]

Answer: Fully Annealed condition.

Explanation:

Annealing is a heating process in which physical and sometimes chemical properties of material are altered. This process increases the ductility and reduces hardness of material, resulting in increase of the material strength.

4 0
3 years ago
Help!
AleksandrR [38]

Answer:

Health insurance

Explanation:

7 0
3 years ago
Read 2 more answers
Approximately what percentage of total health care spending goes toward hospital care?
masha68 [24]

Answer:

D

Explanation:

According to an article published on modernhealthcare.com on Feb-2019, around 33% of total health care spending goes to hospital care. 33% calculates as to one-third of total health care spending portion.

8 0
3 years ago
On March 1, 20Y8, Eric Keene and Renee Wallace form a partnership. Keene agrees to invest $21,060 in cash and merchandise invent
tester [92]

Answer:

Explanation:

a. The journal entries are shown below:

Cash $21,060  

Merchandise inventory $56,290  

             To Eric Keene's Capital $77,350

(To record investment made)

Accounts receivable $17,770  

Equipment $54,190  

Cash (Liabilities - Assets) $40,820  

     To Allowance for doubtful accounts $1,950

     To Accounts payable $14,910

     To Notes payable (current) $35,970

    To Reene Wallace's capital $59,950

(Being capital contribution by Reene wallace is recorded)  

2.

<u>KEENE AND WALLACE </u>

<u> Balance Sheet </u>

<u> March 1, 20Y8</u>

Assets    

Current Assets    

Cash (21,060 + 40,820) $61,880  

Accounts Receivable Less Allowance $15,820  

Merchandise inventory $56,290  

Total current assets $133,990  

Property, plant and Equipment    

Equipment $54,190 54,190  

Total Assets   $188,180

Liabilities    

Current Liabilities    

Accounts Payable $14,910  

Notes Payable       $35,970  

Total liabilities       $50,880  

Partner's Equity    

Eric Keene's capital $77,350  

Renee Wallace's capital $59,950  

Total partner's equity  $137,300  

Total liabilities and partner's equity $188,180

7 0
3 years ago
Other questions:
  • Below are several amounts reported at the end of the year. Currency located at the company $ 675 Supplies 1,700 Short-term inves
    9·1 answer
  • Drew buys 100 shares of Balsamic Corporation for $23 per share. Over the next year, Balsamic pays four quarterly dividends of 20
    14·2 answers
  • Veronica's dress shop marks down a pair of shoes 15% when the customer purchases the shoes with a dress or pantsuit. the sale pr
    15·2 answers
  • What are the factors that a business must consider in choosing a method of transporting goods?
    8·1 answer
  • Buyers should consider and regard a supplier as a:
    15·1 answer
  • 8. A major electronics firm holds various committee meetings to improve employee morale. However, upper management discovers tha
    14·2 answers
  • A _____ is formed when two or more companies share resources, risks, and profits without actually merging, to pursue specific op
    15·2 answers
  • How does the Federal Reserve achieve these goals?
    5·2 answers
  • You are planning to make monthly deposits of $300 into a retirement account that pays 8 percent interest compounded monthly. If
    7·1 answer
  • 1
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!