Answer:
price level fall and value of money is rises
Explanation:
given data
one year basket costs = $10.00
two year two basket costs = $9.00
one year buy baskets = $50
year two,buy baskets = $50
to find out
as the price level falls, the value of money will be
solution
we see that when we compare to 1 year price go down from $10 to $ 9
so deflation at annual rate is 
= 10%
so here
sum of $50 will be buy here = 
= $5 in one year
and $ 50 buy in 2 year is = 
= $5.56 in two year
so this is show here that price level fall and value of money is rises
Answer:
Hey Army
Nice to meet you:)
your answer is 12
as x-5=7
so x=7+5
x is 12
Stream life goes on and Dynamite. :)
Answer:
See explanation below for answer.
Explanation:
When using the short run model, the capital stock is fixed and cannot adjust to changes in the demand for capital. We will be using the short run model to analyze the effect of immigration and inflation on the economy.
In an economy, the primary determinant of how immigration can affect wages and employment is the degree to which the workers who have newly arrived will replace or complement the existing workers.
The level of wages may drop in the short run for the kind of workers who can be easily replaced by immigrants, whereas the level of wages may rise for the workers whose expertise can be complemented by the new workers.
For instance, in a situation where foreign-born construction workers enter the labor market, thereby causing a decrease in construction workers’ wages. The firms will respond by employing more construction workers, and since additional first-line supervisors may be needed to supervise the activities of the expanded workforce, the demand and consequently, the wages of these complementary workers could increase.
Further, where the availability of low-skilled immigrants at lower wages allows businesses to expand, total employment will rise.
Answer:
The budgeted net income for 2018 is : $195,300
Explanation:
Prepare the budgeted income statement for 2018 as follows :
Sales $760,000
Less Cost of Sales ($760,000 × 40%) ($304,000)
Gross Profit $456,000
Less Expenses :
Selling Expenses ($84,000)
General and administrative ($93,000)
Net Income before tax $279,000
Income tax expense ($279,000 × 30%) ($83,700)
Net Income for the year $195,300
Conclusion :
The budgeted net income for 2018 is : $195,300
Answer:
income summary 14,000 debit
Retained Earnings 14,000 credit
Explanation:
The last step in the closing prosess it to transfer the income summary account balance into retained earnings.
Income Sumary will be used to close the temporary accounts which are, dividends, revenues and expenses:
Income Sumary
<u>Debit Credit</u>
to close revenues 75,000
to close expenses 42,000
to close dividends 19,000
totals: <u>61,000 75,000</u>
Balance: 14,000
this is the amount to transfer into retained earnings.
