The correct answer would be B.) one-third.
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Answer:
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The plan initiated by Sheng can be best categorized as a vision statement based on the plans he wants to implement in his business.
<h3>What is Vision Statement?</h3>
This refers to the statement which contains the goals and objectives of which an organization wants to achieve in a given time period.
With this in mind, we can see that Mr Sheng is making use of vision statement by the plans he is making on how to implement his business and also to hire a marketing team to establish his business.
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Answer and Explanation:
The accounting principles and the suggestions are shown below:
a. Business Entity Concept:
In this given situation, the amount of $500 should be refunded to the business or it can be recognized as the withdrawal amount by Cathy Miller. The suggestion is that She should use a personal check for paying daycare in the future for her son
b. Going Concern Concept:
Since the business is closed for month-long vacation in the month of June. As Cathy's Antiques is not closing the business for permanent. As she plans for reopening on July 1. The suggestion is that she should hold an inventory decline sale or for other relevant sales.
c. Monetary Unit Concept:
The invoice should be restated in the united states for the purpose of accounting
d. Revenue Recognition Concept:
The revenue should be recognized when it is realized or earned. As the table is not delivered so the revenue should not be recognized.
The amount of $1,500 should be recorded for an account like deposits received from the customers until the delivering of the table is not done
The marginal propensity to save is 0.2. equilibrium gdp will decrease by $50 billion if the aggregate expenditures schedule decreases by:$10 billion.
<h3>
Aggregate expenditures schedule</h3>
Using this formula
Aggregate expenditures schedule=Marginal propensity to save×Equilibrium gdp
Where:
Marginal propensity to save=0.2
Equilibrium gdp=$50 billion
Let plug in the formula
Aggregate expenditures schedule=0.2×$50 billion
Aggregate expenditures schedule=$10 billion
Therefore the marginal propensity to save is 0.2. equilibrium gdp will decrease by $50 billion if the aggregate expenditures schedule decreases by:$10 billion.
Learn more about Aggregate expenditures schedule here:brainly.com/question/13117251
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