Answer:
the net income is $92,800
Explanation:
The computation of the net income is given below:
Net income is
= Sales - cost of goods sold - tax rate on the remaining balance left
= $520,000 - $375,000 - (($520,000 - $375,000) ×0.36)
= $145,000 - $145,000 × 0.36
= $145,000 - $52,200
= $92,800
Hence, the net income is $92,800
Answer:
C) variable costs of $72,000 and $25,000 of fixed costs
Explanation:
To determine the flexible budget we must first calculate the variable costs of producing 8,000 units:
direct labor per unit = $40,000 / 5,000 units = $8 per unit
electric power per unit = $5,000 / 5,000 units = $1 per unit
total variable cost per unit = $8 + $1 = $9
Total variable costs for 8,000 units = 8,000 units x $9 per unit = $72,000
Total fixed costs = $25,000
Answer: The change will be $400 billion.
Explanation: The marginal propensity to consume (MPC) is used to explain that increase in consumption is as a result of increase in income.
To calculate how much the equilibrium real GDP will change:
STEP1: CALCULATE THE MULTIPLIERS
multipliers = 1 ÷ (1 - MPC)
Where MPC = 0.
Therefore;
Multipliers = 1 ÷ (1 - 0.5) = 1 ÷ 0.5
Multipliers = 2
STEP 2: CALCULATE HOW MUCH THE EQUILIBRIUM REAL GDP WILL CHANGE;
Multipliers × change in consumption spending
2 × $200 billion = $400 billion
Equilibrium real GDP will change with $400 billion
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Answer:
<u>Thus Calculation of September Cash Receipts is as follows:</u>
September Sales ( $170,000 × 30%) = $51,000
August Sales ( $150,000 × 55%) = $82,500
Total = $133,500
Explanation:
September cash receipts will include the following :
- 30% of September Sales
- 55% of August Sales
<u>Thus Calculation of September Cash Receipts is as follows:</u>
September Sales ( $170,000 × 30%) = $51,000
August Sales ( $150,000 × 55%) = $82,500
Total = $133,500
