If a certain household earns and spends $24,000 per year and, on average, holds a money balance of $6,000, then the velocity of money for this household is 4.
A household consists of one or more people who live in the same dwelling and share meals. It can also consist of a single-family or another group. Households are the basic unit of analysis in many social, microeconomic, and government models and are important to economics and inheritance.
The definition of household relates to family or social units living together, or household behavior. You and your family members who live with you are an example of your household. Budgets and checkbooks are examples of household budget tools.
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Answer: C. Perceived Value
Explanation:
When we speak of Perceived value, we speak of how a customer evaluates a good or service in relation to how well it served them especially in relation to similar good or services.
It is essentially the customer, ranking a good or service in terms of how well they feel it fulfilled it's intended purpose.
When guests to an Establishment come with expectations for instance, how well the guests think these expectations are met (perceived Value) is what determines the overall satisfaction of the guest.
Hence the formula, Guest expectations + Perceived Value = Guest Satisfaction
Answer:
Her regular gross pay is $360
Explanation:
Regular gross pay is that pay which the person earn on daily basis or it is a fixed amount which he gets after completing a month.
In the question, we have to find out the regular gross pay which includes the daily earning of a person
So, her regular gross pay is equal to
= number of hours × rate per hour
= 40 × $9
= $360
We don't include overtime wages as it is not included in regular gross pay. So, it is ignored.
Hence, her regular gross pay is $360
Answer:
The correct answer is Debit Unearned Plowing Revenue
Explanation:
Earlier the journal entry would be recorded as:
Cash A/c.................................................Dr $4,000
Unearned Plowing Revenue A/c..............Cr $4,000
But the correct entry that should be recorded is:
Cash A/c.................................................Dr $4,000
Plowing Revenue Earned A/c..............Cr $4,000
So, in order to pass the adjusting entry, we should debit the Unearned Plowing Revenue in order to reconcile or nill the same account by debiting.