hypothetical economy in which households spend 0.5 of each additional dollar they earn and save the remaining 0.5
<h3>What is
hypothetical economy?</h3>
The paper investigates the consequences for a hypothetical economy of a set of government tax and spending policies that are unsustainable in the long run and are recognized as such by private individuals.
Comparative Economic Systems is a sub-category of economics that deals with the comparative study of various economic organization systems such as capitalism, socialism, feudalism, and the mixed economy.
The marginal propensity to consume is calculated by dividing the change in consumption by the change in income.
Each economy operates under its own set of conditions and assumptions. Traditional economies, command economies, mixed economies, and market economies are the four major types of economic systems.
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I believe that it is true, here's an example of such a chart.
Answer:
$27,720
Explanation:
Calculation for the amount of G's 2022 salaries expense related to 2021 vacation time
First step is to find the Total salary expenses
G's employees earned average of $720 per week
Total vacation week in 2021 were not taken 550 week
Hence,
Total salary expense of G corporation = $720 per week × 550
Total salary expenses = $396,000
Second step is to calculate the salaries expense amount related to 2021 vacation time
Using this formula
Salaries Expense of G's 2022 = Total salary expenses × Wage rate
Let plug in the formula
Salaries Expense of G's 2022 = $396,000 × 7%
Salaries Expense of G's 2022
The amount of G's 2022 salaries expense = $27,720
Therefore the amount of G's 2022 salaries expense related to 2021 vacation time will be $27,720
Answer and Explanation:
The Journal entry is shown below:-
September 9
Petty cash fund Dr, $400
To Cash $400
(Being establishment of petty cash fund is recorded)
Here we debited the petty cash fund as assets is increasing while we credited the cash is decreasing.
September 30
Merchandise Inventory Dr, $51
Postage expense Dr, $73
Cash Short and over Dr, $13
Miscellaneous Dr, $141
To Petty Cash $278
(Being reimburse of petty cash find is recorded)
Here we debited the merchandise Inventory, postage expense, cash short and over and miscellaneous as it is expenses while we credited the petty cash as is reimbursed.
October 1
Petty cash fund Dr, $60
($460 - $400)
To Cash $60
(Being increase in petty cash fund is recorded)
Here we debited the petty cash fund as assets is increasing while we credited the cash is decreasing.
Answer:
Perishability.
Explanation:
Perishability is utilized in marketing to portray the manner by which service limit can't be put away available to be purchased later on. It is a key concept of services marketing.
