Answer:
First we need to find the increase in her disposable income by subtracting the old disposable income from the new disposable income.
Old Disposable income= 40,000
New disposable income = 50,000
Change in disposable income = 50,000-40,000= 10,000
Although her mpc is 0.8 we need to find out what proportion of her disposable income does she spend on consumption.
So her disposable income was 40,000 and consumption was 36,000
36,000/40,000= 0.9
This means that Jane spends 90% of her dispoasble income on consumption, so if her disposable income increase by 10,000 her increase in consumption was
0.9*10,000= 9,000
Increase in consumption = $9,000
Explanation:
That should be false because it says never and the person is student
Answer: $593000; $250000
Explanation:
The consolidated Additional Paid-In Capital and Retained Earnings (January 1, 2021 balances) as a result of this acquisition transaction will be calculated thus:
Additional paid in capital will be:
= $60000 + ([46-5] × $13000)
= $60000 + (41 × $13000)
= $60000 + $533000
=$593000
Retained earnings will the value of the parent's retained earnings only which will be $250000
Answer:
True.
Explanation:
Consumer Credit Protection Act is a law of United Stated which was enacted in 1968. This act protects the consumer against the lenders. This law set out how credit is managed on the purchases of consumer.
National City Bank has confused Simone by briefing about several mortgages and penalties of the loan. Simone is unable to identify whether mortgage loan is better option or she should consider other banks. This has violated the Consumer Credit Protection Act.