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Alex787 [66]
3 years ago
7

One factor that shifts the consumption schedule is household wealth. Households build wealth by spending their incomes as they e

arn them. not spending all their current incomes. spending their current incomes. spending out of their future incomes.
Business
1 answer:
yanalaym [24]3 years ago
6 0

Answer:

the correct answer is *not spending all their current incomes.

Explanation:

if you look at all the other options, they are not creating wealth but depletes it away. the only way to build wealth is by investing and saving over time. ideally, by not spending all their current income.

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Audits of financial statements are designed to obtain reasonable assurance of detecting misstatement due to?
alisha [4.7K]

Answer:

Errors, fraud, and noncompliance with laws with a direct effect on financial statement amounts.

<h3>How does the auditor obtain reasonable assurance?</h3>
  • In order to obtain reasonable assurance, the auditor shall obtain sufficient appropriate audit evidence to be able to draw reasonable conclusions on which to base the audit opinion.
  • Reasonable assurance is obtained when the auditor has thereby reduced audit risk to an acceptably low level.

To learn more about it, refer

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5 0
1 year ago
Rent revenue $6540 Sales discounts $7830 Interest expense 13260 Selling expenses 99710 Beginning retained earnings 114930 Sales
Stels [109]

Answer:

Income Statement  

Sales Revenue $ 402.000

Sales discounts -$ 7.830

Sales returns and allowances -$ 12.740

Net Revenue $ 381.430

Net Income -$ 22.779

Income attributable to controlling stockholders

Net Income -$ 22.779

Allocation to noncontrolling interest  -$ 19.720

Income attributable to controlling stockholders -$ 62.219

Explanation:

Total Net revenue it's calculated with the Sales Revenue less Sales discounts and Returns and allowances.

Net Income it's calculated with the total Net Sales minus cost of goods sold, Expenses, Interest and Taxes  for a determinated period.

To calculate the income to controlling stockholders it's necessary to subtracted at the end of the statement  which they do not own.

Income Statement  

Sales Revenue $ 402.000

Sales discounts -$ 7.830

Sales returns and allowances -$ 12.740

Net Sales $ 381.430

Cost of goods sold -$ 188.417

Gross Profit $ 193.013

Administrative Expenses -$ 80.660

Selling Expenses -$ 99.710

Other Income Rent Revenue $ 6.540

Net Income BEFORE Taxes $ 19.183

Interest Expenses -$ 13.260

Net Income BEFORE Taxes $ 5.923

Income Taxes  -$ 28.702

Net Income -$ 22.779

Allocation to noncontrolling interest  -$ 19.720

Income attributable to controlling stockholders -$ 62.219

4 0
3 years ago
please subscribe my mom's channel those who subscribed my mom's channel I will mark as brainlylist,thnx and follow 101 % gaurant
shtirl [24]

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4 0
3 years ago
To deal with a wartime economic crisis in 1779, Congress urged states to: a. seek loans from friendly European governments. b. a
qwelly [4]

Answer:

C. adopt measures to fix wages and prices.

Explanation:

Between 1775 - 1783, the thirteen (13) colonies in Congress warred against the British because of its lack of colonial representation and the objection of the British to the direct taxation method introduced by the parliament. This war was known as the American revolutionary war or American war of independence.

Consequently, this war resulted in a deep economic crisis and inflation for the people of America.

To deal with this wartime economic crisis in 1779, Congress urged states to adopt measures to fix wages and prices such as refusal to issue continental dollars but resort to the issuing of tax adjustment  notes, loan office certificates, warrants, quartermaster notes, etc.

3 0
3 years ago
Diane's Donuts will begin selling donuts next week. Diane figures that the average variable cost to make each donut will be cons
saw5 [17]

Answer:

Option (d) is correct.

Explanation:

Given that,

Average variable cost = $0.30 for each donut

Fixed cost: Cost of rent and machinery = $20,000

If the number of donuts produced and sold in one year is 36,500, then

Average fixed cost:

= Total fixed cost ÷ Number of units sold

= $20,000 ÷ 36,500

= $0.547 or $0.55

Therefore, the average fixed costs be $0.55 if she sells 36,500 donuts in one year.

8 0
3 years ago
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