Assuming no change in government spending, a decrease in taxes of $80 billion with an mpc of 0.50 will add a total of $<u> 400 </u>billion to the economy after the multiplier effect.
The economy is defined as the management of financial matters in communities, businesses, or families. An example of an economy is the US stock exchange system.
A standard definition of the economy might describe economics as a social science focused on meeting needs and desires through the allocation of scarce resources with alternative uses. Going further, we can say that economy is the study of scarcity and choice. The economy is defined as the management of financial matters in communities, businesses, or families. An example of an economy is the US stock exchange system.
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Answer: (B) Personal selling
Explanation:
The person selling is basically refers to the two-way communication process in which we sell our products and the services face to face to the customer.
The personal selling is also known as the interaction form of selling the products to the user.
The personal selling is one of the most expensive promotion tool as it is hardly used for advertising the products. It mainly involve spreading the information regarding the specific organization products and the services.
Therefore, Option (B) is correct.
Answer:
True
Explanation:
It's True because you have to deduct from the total Accounts Receivable the balance in the Cr Allowance for Uncollectible Accounts estimated.
The company estimate that 2% of the total Credit Sales will be uncollectible, which is, $4,000, if we deduct this value of the balance of accounts receivable of $38,000, we have a Net Realizable Value of Accounts Receivable of $34,000
Credit Sales $ 200,000
Cr Allowance for Uncollectible Accounts $ 4,000
Dr Accounts receivable $ 38,000
Net Realizable Value of Accounts receivable $ 34,000
