<u>Solution and Explanation:</u>
<u>Cost of goods sold section :</u>
Beginning inventory, September 1, 2013 24350
Purchase 203160
Less: Purchase return and allowance -8250
Net purchase 194910
Add: Freight in 9080
Cost of goods purchased 203990
Cost of goods available for sale 228340
Less: Inventory august 31,2014 -24300
Cost of goods sold 204040
<u>Note: N</u>et purchases are calculated after deducting purchase return and allowances from the purchase. For calculating the cost of goods purchased, freight in is to be added.
Answer:
$80 million
Explanation:
We know that
Multiplier = (1) ÷ (1 - marginal propensity to consume)
= (1) ÷ (1 - 0.75)
= (1) ÷ (0.25)
= 4
Now the GDP would increase by
= Increase in Investment spending × multiplier effect
= $20 billion × 4
= $80 million increase
We simply multiplied the investment spending increase with the multiplier effect
Answer:
d) higher than the market rate of interest
Explanation:
Hope this helps you :)
Answer:
B.
Explanation:
It transfer ownership in consumers
Th increase in Gerald's income is a problem because the percentage increase in his income is lower than the increase in inflation. This means that the purchasing power in Gerald's income is lower.
Inflation is when the general price levels in an economy rises. Inflation reduces the purchasing power of money. The inflation rate in the US in 2020 was 1.2%.
Let us assume that Gerald's income is $1000.
After the raise, his income becomes: (1.02 x 1000) = $1020
As a result of the inflation, the increase in income needed to keep purchasing power constant is: (1.03 x $1000) = $1030.
The increase in Gerald's income is less than the inflation rate. This means that the purchasing power of Gerald would be lower.
To learn more about inflation, please check: brainly.com/question/19170370?referrer=searchResults