Answer: The consumption schedule shows the amounts households intend to consume at various possible levels of aggregate income.
Explanation: Consumption function, in economics, the relationship between consumer spending and the various factors determining it. At the household or family level, these factors may include income, wealth, expectations about the level and riskiness of future income or wealth, interest rates, age, education, and family size.
A consumption schedule is a table of numbers showing the relation between consumption expenditures and income for the household sector. The income measure commonly used is national income or disposable income. Occasionally a measure of aggregate production, such as gross domestic product, is used instead.
The 2 statements that are true regarding the multicurrency function in QuickBooks online are
- Once multicurrency has been enabled, you cannot disable this feature
- For most of the commonly used currencies, the rates are updated every 4 hours.
This is further explained below.
What is multicurrency?
Generally, It's a special kind of bank account that lets you transfer, receive, and keep many different currencies at the same time.
A multi-currency account enables you to utilize a single account number for each kind of currency, which eliminates the need to create several bank accounts, each of which would have a unique account number that would need to be kept track of.
In conclusion, The statement are
- Once multicurrency has been enabled, you cannot disable this feature
- For most of the commonly used currencies, the rates are updated every 4 hours.
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Answer & Explanation:
E-Commerce or Electronic Commerce means buying and selling of goods, products, or services over the internet. ... The standard definition of E-commerce is a commercial transaction which is happened over the internet. Online stores like Amazon, Flipkart, Shopify, Myntra, Ebay, Quikr, Olx are examples of E-commerce websites.
The loss can she deduct against ordinary income in the year is $5000.
<h3>How to calculate the loss?</h3>
AGI = $140000
Less: Allowable limit = $100000
Excess = $40000
50% of excess = $20000
Less: Net loss = $15000
Loss deduction = $5000
Therefore, the loss can she deduct against ordinary income in the year is $5000.
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