Answer:
Cost of gasoline = $466.9
Explanation:
given data
miles in the trip = 3,700-mile
1 gallon = 23 miles
average price of gas = $2.90 per gallon
solution
we get here no of gallon required for the trip is express as
no of gallon required for the trip =
= 160.87 gallon = 161 gallon
so we get here now Cost of gasoline that is
Cost of 161 gallons = Cost of gasoline for 3700 miles trip
Cost of gasoline = $2.90 per gallon × 161 gallon
Cost of gasoline = $466.9
Income and employment.
Standard of living is the level of wealth and comfort available to individuals.
Answer:
Planned Aggregate Expenditure equals <u>290 + 0.75Y</u> and the short run equilibrium output equals <u>1,160</u>.
Explanation:
Autonomous spending basically covers essential needs, e.g. housing expenses, food, clothing, etc., and is not affected by the marginal propensity to consume (MPC).
so consumption must equal: C = 100 + 0.75 (Y income - 40 taxes)
PAE = C + I + G + X = 100 + 0.75(Y - 40) + 50 + 150 + 20
PAE = 100 + 0.75Y - 30 + 50 + 150 + 20 = 290 + 0.75Y
Short run equilibrium exists when Y = PAE:
Y = 290 + 0.75Y
Y - 0.75Y = 290
0.25Y = 290
Y = 290 / 0.25 = 1,160
Answer:
People are more creative and produce more ideas when they are in a good mood
Explanation:
Dawn Wang heads an ad agency in Texas and regularly needs to work with copywriters, artists, and designers to come up with effective branding solutions for products. For one of the company's esteemed clients, Wang and her team need to brainstorm ideas for a slogan for the client's new line of clothing. In such a situation, it is particularly important for Wang to make his team happy because people are more creative and produce more ideas when they are in a good mood.
Answer:
No Account and explanation Debit Credit
1. Rent expense ($4,300/5) $860
Prepaid rent $860
(To record adjusted rent expense)
2. Supplies expense (7,250-2,950) $4,300
Supplies $4,300
(To record adjusted supplies)
3. Depreciation expense $460
[(44,160/8)/12]
Accumulated depreciation $460
(To record depreciation)