All categories

4 years ago

According to surveys, the largest expense of a typical American consumer is

Business

1 answer:

CaHeK987 [17]4 years ago

5 0

Answer: A. housing

Explanation: The largest expense of a typical American consumer is for housing, accounting for 20% of a family's total income in 2018. This is due to the fact that any expenditure on housing is related to basic needs of human.

You might be interested in

An increase in the real interest rate results in which of the following? A. an increase in the demand for loanable funds B. a d

irakobra [83]

Answer:

B. a decrease in the demand for loanable funds.

Explanation:

An increase in the real interest rate will result in a decrease for the loanable funds.

Loans act as a fund that is an amount of money borrowed by the companies to be utilized for the running of the business. Interest is the amount payable at a certain rate on the amount borrowed in the form of loans. Loans are generally provided by either the banks or the financial institutions to the public or even companies.

The higher the rate of interest the lesser the demand for loans is there. Interest is charged on loans because it is a facility given.

6 0

3 years ago

Read 2 more answers

Langer Company produces plastic items, including plastic housings for humidifiers. Each housing requires about 15 ounces of plas

Alex

Answer:

Langer Company

Direct Materials Purchases Budget

For July, August and September

July August September Total

Units to be produced 3500 4400 4900 12800

Direct materials per unit (ounces) 15 15 15 15

Production needs 52500 66000 73500 192000

Desired ending inventory (ounces) 19800 22050 28350 28350

Total needs 72300 88050 101850 220350

Less: Beginning inventory 15750 19800 22050 15750

Direct materials to be purchased (ounces) 56550 68250 79800 204600

Cost per ounce $0.08 $0.08 $0.08 $0.08

Total purchase cost $4,524 $5,460 $6,384 $16,368

3 0

3 years ago

A negative externality occurs when Question 16 options: the private marginal costs are equal to the social marginal costs. the p

lana66690 [7]

When a negative externality exists, the marginal social cost is always higher than the marginal private cost. So, the correct answer is option A the private marginal costs are less than social marginal costs.

<h3><u>What is a negative externality?</u></h3>

When the manufacturing process has a negative impact on unconnected third parties, this is referred to as a negative production externality. For instance, manufacturing facilities contribute to noise and air pollution throughout the production process.

<h3><u>What happens when a negative externality exists?</u></h3>

The marginal social cost and the marginal private cost are no longer equal when a market has negative production externalities. As a result, the supply curve (which indicates the marginal private cost) does not accurately reflect the marginal societal cost and the social cost is instead larger due to the externality's per-unit cost.

You can learn more about negative externality using the following link:

brainly.com/question/13901028

#SPJ4

7 0

2 years ago

Which of the following statements is true? Group of answer choices An explicit cost is an actual cost; an implicit cost is a the

professor190 [17]

Answer:

Economic costs include both explicit costs and implicit costs.

Explanation:

In economics, costs can be in the form of explicit and implicit as implicit costs are opportunity costs and are opportunities for engaging in business. While the explicit costs are accounting costs which are involved in the production of raw matter, wages etc.

7 0

3 years ago

Dana and Emile allocate 2/3 of their partnership's profits and losses to Dana and 1/3 to Emile. The net income of the firm is

Usimov [2.4K]

Answer:

Debit income summary $30,00

Explanation:

Closing entries are used to move balances from temporary accounts to permanent baccounts so that a business can recognise income or loss made during an accounting period.

2/3 profit and loss is for Dana, that is (2/3)* 30,000= $20,000

1/3 of profit is assigned to Emile that is (1/3)* 30,000= $10,000

So the close out entries will be

A debit to income summary of $30,000

A credit to Dana of $20,000

A credit to Emile of $10,000

6 0

3 years ago