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Olegator [25]
3 years ago
11

National accounting identities Let C stand for consumption spending, I for investment, G for government purchases, X for exports

, IM for imports, DI for disposable income, and NT for net taxes. Consider the following identity and answer the questions that follow. Which of the following best characterizes the above identity?
A. National income must equal domestic product.

B. Domestic product must exceed national income.

C. National income must equal the total amount of leakages from the nation's flow of income and expenditures.

D. National income must equal the total amount of injections into the nation's flow of income and expenditures.

True or False: Disposable income must equal consumption plus saving.
Business
1 answer:
madreJ [45]3 years ago
4 0

Answer:

A. National income must equal domestic product.

True.

Explanation:

National Income is the total value of goods and services produced in a country during a financial period. It is total income from a country's economic activities.

Domestic product is monetary value of all economic activities of a country during a period.

National Income is sum of Investments, Savings, Government expenditures and net exports. National Income equals the domestic products of a country. The equation is as follows:

C + I + G + (X - IM) = DI + NT.

The statement given is true. Disposable income equals the saving plus consumption. The excess of disposable income which is not consumed is saved.  Sum of saving and consumption must equal Disposable income in an economy.

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Cindy earned a 10 percent increase in her salary and received the entire increase at the beginning of the year, with the stipula
sammy [17]

Answer:

Lump-sum salary increase.

Explanation:

A lump-sum salary increase is an amount paid instead of increase in salary. It is not added to the fixed base salary, it is instead given in the form of a single cash payment, as it is the case with Cindy here. This is why it is also known as lump sum bonus, because it is given as a single payment, as it was in Cindy’s case, all given at the beginning of the year.

7 0
3 years ago
EA2.
REY [17]

Answer:

6,000 units

Explanation:

The beginning inventory units are calculated below

We know

Number of units produced = Budgeted units sold + ending inventory units - beginning inventory units

35,000 units = 32,000 units + 9,000 units - beginning inventory units

35,000 units = 41,000 units - beginning inventory units

So, the beginning  inventory units  would be

= 41,000 units - 35,000 units

= 6,000 units

8 0
3 years ago
Percentage analysis, ratios, turnovers, and other measures of financial position and operating results are a. a substitute for s
Kazeer [188]

Answer:

b. useful analytical measures.

Explanation:

All of the financial measures described in the question are all useful analytical measures used in many big companies. The more tools a company can use for their analytics the better and more accurate the results will be. Better and more accurate results then lead to better decisions on what direction to take the company.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

8 0
3 years ago
Banks and credit unions are the only types of financial institutions. <br><br>True <br>False​
LekaFEV [45]

Answer: False.

Explanation: There are many more Financial institutions.

6 0
2 years ago
Read 2 more answers
Choose the answer which best describes the relationship between the attribute given for a financial statement account and the li
Darina [25.2K]

Answer:

The correct answer is A

Explanation:

There is a direct relationship among the adequacy of the internal control as well as the ability of the auditor to rely on the procedures of the substantive analytical. When the entity does not have the efficient internal controls, then the auditor will rely on the procedures.

There is an inverse relationship among the RMM ( stated as risk of the material misstatement) as well as the ability of the auditor to rely on the procedures. And high RMM states that the internal control cannot be relied on to detect the material misstatement on the financial statements, which cause the auditor to rely on the tests of controls.

And there is a direct relationship among the predictability of the relationships among the data and the ability of the auditor to rely on the procedures. When the relationships are predictable, then the auditor could create a meaningful expectations which cause the procedures to be more efficient in detection of material misstatement.

3 0
3 years ago
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