Based on the marginal propensity to consume and the change in income, the change in consumption was $7.2 billion.
<h3>What was the change in consumption?</h3>
The change in consumption can be found as:
= Change in income x Marginal propensity to consume
Solving gives:
= 12 billion x 0.6
= $7.2 billion.
Find out more on marginal propensity to consume at brainly.com/question/17930875.
the leader, "Cromwell," abolished Christmas pudding and mince pies during the 17th century...
Answer:
Net cash Provided by Operating activities = $416000
Explanation:
Using indirect method for Cash flow from operating activities we use following steps to get value of net cash provided by operating activities.
Net income $400000
Add: Depreciation $104000
Less: Gain on Sale of Land -$148000
Less: Increase in Accounts Receivable -$80000
Less: Increase in Inventory -$60000
Add: Increase in Accounts Payable $200000
Net Cash Provided by operating activities $416000
C establishing the research objectives if I am correct
Answer: $20,600
Explanation:
In calculating the amount of cash that should be reported in the balance sheet as of August 31, we add the deposits Outstanding because that is money that we are getting. We then subtract the checks Outstanding because that is money we are to pay. These are the 2 balances to be concerned with.
The cash balance will therefore be,
= Bank account balance + Deposit Outstanding - Checks Outstanding
= 22,800 + 2,000 - 4,200
= $20,600
$20,600 is the amount of cash that should be reported in the balance sheet as of August 31.