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4 years ago

How does the u.s. bureau of labor statistics gather information with regard to the typical consumption choices of americans?

1 answer:

4 0

The U.S. Bureau of labor statistics gather information with regard to the typical consumption choices of Americans through, Consumer Expenditure Survey. This is the survey that collects information on the buying habits of the American consumers. The surveyors collect data on expenditures, income and consumer unit characteristics.

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Two items are omitted from each of the following summaries of balance sheet and income statement data for two proprietorships fo

bulgar [2K]

Answer:

The solution according to the given query is provided below.

Explanation:

The given question seems to be incomplete. The attachment of the complete query is provided below.

Now,

The additional investment will be:

= $Ending \ owner's \ equity-Beginning \ owner's \ equity+Drawings-Net \ income$

By putting the values, we get

= $40000-25000+37000-45000$

= $7,000$

Now,

The drawings will be:

= $Ending \ owner's \ equity-Beginning \ owner's \ equity+Additional \ investment-Net \ income$

By putting the values, we get

= $130000-80000-25000-40000$

= $-15,000$

3 0

3 years ago

It was the third meeting, but the group had finally agreed on the roles for each member. Cathy felt good about how things were p

Aleksandr-060686 [28]

Answer: norming

Explanation:

The third stage of a group development model is regarded to as the norming stage. The norming stage is the stage whereby members or teammates start appreciating the strengths that are possessed by each other in the team.

At this stage, there is resolution of conflicts and establishment of leadership positions. Here, everyone is happy with their roles.

8 0

3 years ago

A house worth $180,000 has a coinsurance clause of 75 percent. The owners insure the property for $101,250. They then have a los

pav-90 [236]

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3 0

3 years ago

Read 2 more answers

Sharon contributed property to the newly formed QRST Partnership. The property had a $100,000 adjusted basis to Sharon and a $16

mr Goodwill [35]

Answer: $37000

Explanation:

Sharon's basis in the partnership interest after the formation transaction is calculated below:

Adjusted basis of property to Sharon = $100,000

Less: Basis in mortgage = $90000 × (100% - 30%) = $90000 × 70% = $63000

Then, Sharon's basis in the partnership interest after the formation transaction will be:

= $100000 - $63000

= $37000

7 0

3 years ago

The jewelry department has an initial markup of 55.6%, with total retail reductions of 15%. There are no alteration costs or cas

frez [133]

Answer:

Maintained markup percentage = 48.9%

Gross margin percentage = 48.9%

Explanation:

Given:

Initial markup = 55.6%

Total retail reductions = 15%

To find the maintained markup percentage use the formula below:

%MMU = Initial MU% - Retail reductions% (100% - Initial MU%)

Substitute figures:

%MMU = 55.6% - 15% (100% - 55.6%)

= 55.6% - 15% (44.4%)

= 55.6% - 6.66%

= 48.9%

Therefore, the maintained markup percentage = 48.9%

To find the gross margin percentage, use the formula below:

GM% = (Net sales - Total cost of goods) /Net sales

We can also use this formula below to find the maintained markup percentage:

MMU% = (Net sales - Gross cost of goods) /Net sales

But we are told that there are no alteration costs or cash discounts here. Therefore the gross cost is the same as the total cost of goods.

This means that the mantained markup percentage and the gross margin percentage are equal.

GM% = 48.9%

6 0

4 years ago