What is the Dodd-Frank act do?
1 answer:
You might be interested in
Answer:
- Accounting Equation = The basic tool of accounting, stated as Assets = Liabilities + Equity
- Asset = An economic resource that is expected to be of benefit in the future
- Balance sheet = Reports on an entity's assets, liabilities, and stockholders' equity as of a specific date
- Expense = Decreases in equity that occur in the course of selling goods or services
- Income statement = Reports on an entity's revenues, expenses, and net income or loss for the period
- Liability = Debts that are owed to creditors
- Net income = Excess of total revenues over total expenses
- Net loss = Excess of total expenses over total revenues
- Revenue = Increases in equity that occur in the course of selling goods or services
- Stmt. of cash flows = Reports on a business's cash receipts and cash payments during a period
- Stmt. of ret. earnings = Reports how the company's retained earnings 'balance changed from the beginning to the end of the period
Explanation:
- Accounting Equation = The basic tool of accounting, stated as Assets = Liabilities + Equity
- Asset = An economic resource that is expected to be of benefit in the future
- Balance sheet = Reports on an entity's assets, liabilities, and stockholders' equity as of a specific date
- Expense = Decreases in equity that occur in the course of selling goods or services
- Income statement = Reports on an entity's revenues, expenses, and net income or loss for the period
- Liability = Debts that are owed to creditors
- Net income = Excess of total revenues over total expenses
- Net loss = Excess of total expenses over total revenues
- Revenue = Increases in equity that occur in the course of selling goods or services
- Stmt. of cash flows = Reports on a business's cash receipts and cash payments during a period
- Stmt. of ret. earnings = Reports how the company's retained earnings 'balance changed from the beginning to the end of the period
Answer:
Increase the consumption of product Y and decrease the consumption of product X.
Explanation:
Utility-maximizing rule states that a consumer is maximizing its utility at a point where the marginal utility per dollar spent equal for both the products.
Marginal utility per dollar for Product X:
= 2 utils per dollar
Marginal utility per dollar for Product Y:
= 8 utils per dollar
Here, the utility-maximizing rule suggests that this consumer should consume more of product Y and less of product X.