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4 years ago

Which of the following are reasons the aggregate demand curve is downward sloping? Check all that apply.

Business

1 answer:

krek1111 [17]4 years ago

6 0

Answer:

1) A higher price level decreases the real value of consumers' assets.

2) A lower price level makes domestically produced goods less expensive than foreign goods.

Explanation:

The aggregate demand curve represents the number of demands of the goods and services at various price levels. The downward sloping of the demand curve indicates that with the dropping of the price level of a commodity, the demand increases. At the same time, the national income increases as the result of the dropping of the price. There are three reasons why the aggregate demand curve is downward sloping. The reasons are wealth effect, interest-rate effect, and net exports effect.

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A company has retained earnings of $94,000 as of December 31, 2014. The Pro-forma income statement projects net income of $22,00

GREYUIT [131]

Answer:

$46,000.

Explanation:

To know the retained earnings at the end of 2015, we first need to calculate how much dividend the company will pay to its shareholders then add up the net income in 2015 to the remaining of retained earning at the end of 2014 (after paying 2014's dividend at Mar 2015) to get retained earnings at the end of 2015.

Total dividend in on Mar 2015 = 0.7 x 100,000 = 70,000

Retained Earning at the end of 2015 = 94,000 - 70,000 + 22,000 = 46,000.

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4 years ago

How long do you have to serve in the military to receive benefits?

Fittoniya [83]

I believe it would require one year in the military.

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3 years ago

If the dollar interest rate is 10 percent, the euro interest rate is 6 percent, and the expected return on dollar depreciation a

lawyer [7]

A. an investor should invest only in dollars.

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3 years ago

Read 2 more answers

One tactic that organizations implement to help employees attain new jobs after going through layoffs is

Gelneren [198K]

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3 years ago

Exercise 4-16 Sheffield Co. reports the following information for 2020: sales revenue $777,100, cost of goods sold $520,000, ope

Lesechka [4]

Answer:

Sheffield Co

statement of stockholders' equity

for the year ended 31th December 2020

Common Stock RE OCI Total

Balance Jan 1 360,400 92,040 86,000 538,440

Net Income 167,900 167,900

unrealized loss -53,700 -53,700

Dividends -11,670 -11,670

Stock issued

Balance, Dec 31 360,400 248,270 608,670

Explanation:

We need to calcualte the net income:

sales revenue 777, 100

cost of goods sold (520,000)

operating expenses <u> (89,200) </u>

Net Income 167,900

This will go into retained earnings

Dividends will also impact on retained earnings

Unrealized holding loss on available-for-sale debt securities for 2020 of $53,700.

This will modify the other comprehensive income.

The rest, will be post the beginning balance and include this variation.

3 0

3 years ago