The ending cash balance will be $11,000.
$28,000- $12,000
$16,000
$16,000-$10,000
$6,000
$6,000+$5,000
$11,000
Answer:
........................Income Statement for the month of June...............................
Service Revenue.....................................................................$5,544
Less Expenses
Rent Expense .................................................$440
Utilities Expense.............................................$220
Salaries and Wages Expense......................$880
Gasoline Expense...........................................<u>$88</u>
Total Expenses .........................................................................(<u>$1,628)</u>
Net Income (Loss).............................................................$3,916
Service revenue = Services performed on the 5th + Services performed on the 20th
= 4,224 + 1,320
= $5,544
The income elasticity of real money demand d. 3/4
Increase in real money demand = Increase in nominal money demand - Increase in inflation = 4% - 1% = 3%
Income elasticity of real money demand = % increase in real money demand / % increase in real income
= 3% / 4%
= 3/4
Income elasticity of demand is a monetary measure of how responsive the amount of demand for a very good or provider is to trade-in earnings. The formulation for calculating earnings elasticity of demand is the percentage change in quantity demanded divided by using the percent change in earnings.
In economics, the profits elasticity of call for is the responsivenesses of the quantity demanded an amazing to an alternate in patron profits. It is measured because of the ratio of the share exchange in the amount demanded to the proportion exchange in profits.
If the earnings elasticity of call for is more than 1, the best or carrier is taken into consideration a luxury and profits elastic. An amazing provider that has an earnings elasticity of call for between zero and 1 is considered an ordinary correct and income inelastic.
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Answer:
b.significance testing is answer.
Explanation:
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