Answer:
The cash balance on November 30 amounts to $155,700
Explanation:
Cash balance on November 30 = Beginning balance + Collection of cash from October sales + Collection of cash from November sales - Payments for October Purchases - Payments for November Purchases
where
Beginning balance is $13,700
Collection of cash from October sales = October Sales × % amount collected
= $240,000 × 70%
= $168,000
Collection of cash from November sales = November Sales × % amount collected
= $240,000 × 1.20 × 25%
= $72,000
Payments for October Purchases = October Purchases × % amount paid
= $70,000 × 65%
= $45,500
Payments for November Purchases = November Purchases × % amount paid
= $150,000 × 35%
= $52,500
Putting the values in the above formula
Cash balance on November 30 = $13,700 + $168,000 + $72,000 - $45,500 - $52,500
= $155,700
We will classify Mary as been cyclically unemployed because she is unemployed due to the economic downturn.
Basically, the cyclical unemployment is the unemployment experience as a result of economic upturn and downturn.
The cyclical type of unemployment are mostly experienced during economic recessions.
It is obvious that people were not buying as many cars because of economic downturn.
Therefore, in conclusion, we will classify Mary as been cyclically unemployed because she is unemployed due to the economic downturn.
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<em>brainly.com/question/8865266</em>
Some ways of being financially responsible are :
- Have an Emergency Fund.
- Budgeting.
- Using Credit Cards Correctly
<h3>What is financial stability?</h3>
Financial stability can be described as having knowledge about how to utilize the income that is been gotten by the person.
Having knowledge about one finance will help to succeed and achieve so many things in life , therefore, Some ways of being financially responsible are :
- Have an Emergency Fund.
- Budgeting.
- Using Credit Cards Correctly
Learn more on finance at:
brainly.com/question/26011426
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A monopolist desires to produce less goods while earning maximizing profit. However, if the marginal revenue of the goods are in decrease (less goods of demand), the monopolist must higher the demand by lowering the price for customers to buy the goods. Thus, the marginal revenue increases- goods demanded, lower prices of goods-for a lot of customer demands, produces more goods- due to customer increase of demand and lower price of goods. At the end of day, the monopolist makes maximizing profit..