The correct answer is wealth.
Wealth is the accumulation of valuable economic resources, which may be measured in terms of tangible goods or monetary value.
<h3>What is the Wealth Effect?</h3>
According to the wealth effect, a behavioral economic hypothesis, people spend more money as the value of their possessions increases. Consumers are supposed to feel more financially secure and wealthy as the value of their houses or investment portfolios rises.
<h3>What significance does riches have?</h3>
Wealth gives you the confidence that you won't have to put in countless hours of work in order to live a happy, healthy, and successful life, in addition to giving you access to the world's boundless delights. It allows you to have time and financial flexibility.
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Answer:
$1,300 and $3,900
Explanation:
The computation of the depreciation expense for the year 2021 and 2022 using the straight line method is shown below:
= (Original cost - residual value) ÷ (useful life)
= ($45,000 - $6,000) ÷ (10 years)
= ($39,000) ÷ (10 years)
= $3,900
In this method, the depreciation is same for all the remaining useful life
For the year 2021, it is
= $3,900 × 4 months ÷ 12 months
= $1,300
The four months are taken from Sep 1 to Dec 31
And, for the year 2022, it is $3,900
Answer:
The operating activities section of the statement of cash flows for 2019 is $282,400
Explanation:
This an indirect method of preparing cash flow. And indirect method starts with net income.
Please refer to the attached for the calculation.
Answer:
a) Average Cost per unit = $63 / unit
b) Cost per unit below break point = $ 70 / unit
c) Marginal Cost for 650th Unit = $35 / unit
Explanation:
a) To calculate average cost per unit, we simply divide the total cost for the month $31500 by the total units shipped this month 500 units.
Average cost p.u = 31500 / 500 = $63 / unit
b) The breaking point is at 400 units. The cost for initial 400 units is twice that of the additional units after 400. So, we can say that in this case of 500 units, it takes 2x cost to test initial 400 units while x to test the later 100 units.
Thus,
- 31500 = 400 * 2x + 100 * x
So, plugging 35 in place of x,
the cost per unit below cost break = 2 * 35 = $70 / unit
c) Marginal cost of 650th unit is simply x that is $35 / unit