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11111nata11111 [884]
3 years ago
14

The Jones family has a disposable income of $80,000 annually. Assume that their marginal propensity to consume is 0.8 (the Jones

family spends 80% of new disposable income on consumption) and that their autonomous consumption spending is equal to $10,000. What is the amount of the Jones family's annual consumer spending? 1. $74000 2. $64000 3. $80000 4. $26000
Business
1 answer:
makvit [3.9K]3 years ago
3 0

Answer:

Option (1) is correct.

Explanation:

Given that,

Annual disposable income = $80,000

Marginal propensity to consume, MPC = 0.8

Autonomous consumption spending = $10,000

Therefore,

annual consumer spending:

C = a + bY

Where,

a = Autonomous consumption spending

b = Marginal propensity to consume

Y = Annual disposable income

C = $10,000 + (0.8 × $80,000)

   = $10,000 + $64,000

   = $74,000  

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Over [174]

Answer:

Revenue /expense approach

Explanation:

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So for proper income statement, the item recognized under US GAAP should be placed in revenue and expense approach as it comes under the income statement and the same is to be considered

3 0
3 years ago
Hutter corporation declared a $0.50 per share cash dividend on its common shares. the company has 25,000 shares authorized, 12,0
Sergio [31]
25,000 shares authorized
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0.50 per share cash dividend on its common stock outstanding

Declaration of dividends on its common shares.
10,000 * 0.50 = 5,000
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3 0
3 years ago
g When a court awards custody of a child to one parent and not the other, this is an example of: Group of answer choices all of
Simora [160]

Answer:

equitable relief

Explanation:

A court refers to an enclosed space such as a hall or chamber where legal practitioners (judges, lawyers or attorneys and a jury) converge to hold judicial proceedings.

A lawyer refers to an individual who has obtained a law degree and is saddled with the responsibility of giving legal advice, initiate and execute lawsuits for his or her clients. These legal practitioners are saddled with the legal responsibility of listening to evidence and give a verdict about legal cases.

An equitable relief also referred to as equitable remedy can be defined as judicial remedies granted to an aggrieved person by a court of equity, requiring that the other party act or refrain from indulging in a specific act because ordinary legal remedies couldn't provide the aggrieved party sufficient (adequate) restitution for an offense commited against him or her. Thus, an equitable relief (remedy) is an injunction granted by a court of equity requiring a party to a contract to either act (mandamus or specific performance) or refrain from indulging in a particular act.

In this context, when a court of competent jurisdiction awards or grants custody of a child to one parent rather than awarding it to the other, this is an example of equitable relief.

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4 0
2 years ago
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FromTheMoon [43]

South Africa, as a country still experiences a scarcity of skilled workers.  This should not be, given the country's population size.

<h3>What is the scarcity of skilled workers?</h3>

The scarcity of skilled workers means that South African companies cannot attract the manpower they need to power the South African industry and economy.

However, this scarcity can become a thing of the past if many more South African companies can start investing in the education sector by giving out scholarships, grants, and endowing academic chairs in the universities.

This was how the economy of the United States was enabled to flourish until today.  South African companies can emulate their footsteps.

Thus, South Africa, given its enormous population, has no business experiencing a scarcity of skilled workers.

Learn more about the scarcity of skilled workers at brainly.com/question/1787954

5 0
2 years ago
The time value of money theory consists in four beliefs: (1) Investment risk is important; (2) money today is worth more than mo
Schach [20]

Answer:

The four beliefs are true. But accuracy is demanded

Explanation:

1 Investment risk is important ir order to estimate the likelihood of occurrance of  losses in the future.

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