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Rina8888 [55]
3 years ago
11

"If Jason receives his quarterly bonus of $3,000 and spends $2,100 on a computer and puts the rest in his savings account, what

is Jason’s MPC and MPS?"
Business
1 answer:
snow_lady [41]3 years ago
7 0

Answer: 0.70; 0.30

Explanation:

Marginal propensity to consume(MPC) is the additional spending by an economic agent due to a rise in income while the marginal propensity to save is the additional saving by someone due to rise in income.

Increase in income = $3,000

Increase in spending = $2,100

Increase in savings = $3,000 - $2,100 = $900

MPC = $2,100/$3,000

= 0.70

MPS = $900/$3,000

= 0.30

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Answer:

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Explanation:

The ing form is considered as forth form of verb which acts as noun. The first form of verb is used for present tense normally with to. The first form of verb is basic form of verb used for describing an action. It is infinitive form of verb used before the word to.

6 0
3 years ago
Samantha put $18,500 into a savings account. after one month, the savings account grew to $18,962.50. after the second month, it
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Answer: $24,747.92  

Based on the given amounts of increased in savings for the first 3 months, we have the following assumptions:

1) That the savings increase by 2.44% monthly

$18,962.50 -18,500=462.50, 462.50/18962*100=2.44%

$19,436.56--$18,962.50=$474.06, 474.06/19,436.56*100=2.44%

$19,922.48-$19,436.56=485.92, 485.92/19,922.48*100=2.44%

2) That the monthly interest for the first 3 months had an incremental of $0.30 monthly

462.50,474.06 and 485.92 has an incremental of 11.56 and 11.86 (with a difference of .30)

Continuing on with the increments gives savings of $24,747.92 in the 12th month.

4 0
3 years ago
Read 2 more answers
Limerick, Inc. has budgeted total sales for January, February, and March of $800,000, $900,000, and $950,000 respectively. Cash
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Answer:

$905,000

Explanation:

February Collection will be as follows :

<em>February Collection = Cash Sales + Credit Sales </em>

                                  =  $900,000 x 25 % + $900,000 x 40 % + $800,000 x 60 %

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the amount of cash received from sales during the month of February is $905,000.

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3 years ago
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Answer:

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Explanation:

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Using this formula

Total appraisal cost=Test and inspection of in-process goods + Final product testing and inspection

Let plug in the formula

Total appraisal cost=$ 24,000+$78,000

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