A. True
The CPI is a measure of the cost of a "basket" of typical consumer goods, so if the cost of these goods goes down most families will spend less on average.
Answer:
Option (D) is correct.
Explanation:
Given that,
Revenue on account = $54,000
Cash collections of accounts receivable = $2,300
Expenses for the period = $52,100
company paid dividends = $450
Net income for the period:
= Revenue on account - Expenses for the period
= $54,000 - $52,100
= $1,900
Therefore, the net income for the period is $1,900.
They spend money on a variety of things. Some may include: Repairs, buildings, salary, loans, and a whole lot more.