As a result of Consumer Confidence Index rising, spending in the economy will increase and aggregate demand will rise.
Consumer Confidence Index (CCI) refers to how optimistic people are about their finances. When the CCI is high:
- People are more confident in their finances and the ability to make income in future
- People will spend more in the economy because they are more confident in their income
- Aggregate demand will rise as more people demand goods and services
If the CNN is correct in reporting that the CCI is rising, we can expect that spending in the economy will rise and so will aggregate demand.
In conclusion, spending in the economy will increase and aggregate demand will rise.
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Answer:
d. posting
Explanation:
There are various steps to prepare the financial statements. These are as follows:
1. Journalizing: It is a recording of business transaction with a narration in which the one account is debited and the other account is credited. It can be more transactions debited and credit that is depending upon the nature of the transaction.
2. Ledger posting: After recording the journal entries, the next step is to make the number of ledger i.e posting of the amount and the accounts to their respective ledger i.e sales ledger, purchase ledger, etc
3. Trial balance
4. Income statement
5. Statement of owners equity
6. Balance sheet
7. Cash flow statement
Answer:
E
Explanation:
In this question, we are told to state what the reaction of Koka and Zola will be;
Kukla and Zola both like the proposal. As according to the given opportunity cost for Kukla (3 rugs per every 4 tables) she can get 1.5 rugs for 2 tables .But with the offer made now she can get 2 rugs for giving 2 tables.
Given the opportunity cost for Zola ( 2 tables per every 3 rugs ) she must give 3 rugs for getting 2 tables. But with the offer made she can now get 2 tables for giving away only 2 rugs .
So both Kukla and Zola are happy with the offer.
