1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ede4ka [16]
2 years ago
13

Indicate whether each of the following descriptions represents saving or investment, as defined by a macroeconomist.

Business
1 answer:
Cloud [144]2 years ago
3 0

Answer: See explanation

Explanation:

a. This occurs when a person's income exceeds his consumption. - This is savings.

b. This occurs when a person or firm purchases new capital. - This is investment.

1. You use your $200 paycheck to buy stock in AT&T. - This is savings since the money isn't used to make a capital purchase for ones business.

2. You borrow $1,000 from a bank to buy a car to use in your pizza delivery business. - This is investment as the car will be used for ones business. The consumption is made to help the business.

3. Your family takes out a mortgage and buys a new house. - This is investment as a new capital is bought.

4. Your roommate earns $100 and deposits it in his account at a bank. - This is savings as no consumption is involved.

You might be interested in
Simone is a 26-year-old who lost her job as a copy editor for a local newspaper. She has spent the past few weeks out of work an
AlekseyPX

Answer:

Simone will be considered unemployed.

Explanation:

Simone is 26 years old, this means that she is in the adult population. She used to work as a copy editor for a newspaper. She has lost her job and is actively looking for work. She will be considered an unemployed person and will be included in the labor force.  

Those workers who do not have a job currently but are actively looking for one are considered unemployed. Those who are without jobs but are not actively looking for one are considered discouraged workers and are not included in the labor force. The labor force includes only employed and unemployed workers.

5 0
3 years ago
Lei Company accumulates the following adjustment data at December 31. 1. Services provided but not recorded total $1,000. 2. Sup
Zigmanuir [339]

Answer:

Type of adjustment (prepaid expenses, unearned revenues, accrued revenues, or accrued expenses)

1. Services provided but not recorded total $1,000. accrued revenues

2. Supplies of $300 have been used. accrued expenses

3. Utility expenses of $225 are unpaid. accrued expenses

4. Services related to Unearned service revenue of $260 were performed. accrued revenues

5. Salaries of $800 are unpaid. accrued expenses

6. Prepaid insurance totaling $350 has expired. accrued expenses

Status of Each Account before adjustment

1. Services provided but not recorded total $1,000. Revenue understated and cash/account receivable account understated

2. Supplies of $300 have been used. Supplies account overstated and supplies expense account understated

3. Utility expenses of $225 are unpaid. utility expense account understated and Liability account understated

4. Services related to Unearned service revenue of $260 were performed. Revenue understated and Unearned revenue overstated

5. Salaries of $800 are unpaid. Salaries Expense account understated and Liability account understated

6. Prepaid insurance totaling $350 has expired. Insurance expense account understated and Prepaid insurance overstated.

Explanation:

1. Revenue should be recorded when services are performed.

2. Used supplies should be transferred to supplies expenses account.

3. Utility expense should be recorded when it's been accrued.

4. Sales expense should be recorded when it's been accrued.

5. Prepaid Insurance should be transferred to Prepaid expense account when its been expired.

8 0
3 years ago
What is one good way to find out how well prospects will do a job?
amid [387]

Answer:

do an interview

Explanation:

.........

7 0
2 years ago
Read 2 more answers
1. Determine whether the activity is either:
ExtremeBDS [4]

Answer:

1. Illegal

2. illegal: forbidden by law

8 0
2 years ago
_____ is the kind of communication that flows from supervisors to employees or from policy makers to operating personnel.
tester [92]

Answer:

Downward communication

Explanation:

It flows from higher level in organizations to the lower ones

3 0
2 years ago
Other questions:
  • Rachel's Designs has 1,800 shares of 6%, $50 par value cumulative preferred stock issued at the beginning of 2019. All remaining
    15·2 answers
  • Serenity, a minor, obtains fruits and vegetables on credit from Virgil at Growers' Market. Later, Serenity disaffirms the purcha
    15·1 answer
  • What does Ray Kroc sell to restaurants at the beginning of the movie The Founder?
    5·1 answer
  • Given the following cost and activity observations for Smithson Company’s utilities, use the high-low method to calculate Smiths
    14·1 answer
  • A truck costs $9,000 with a residual value of $1,000. the truck is expected to have a useful life of 40,000 miles. By assuming t
    13·1 answer
  • In what order should tasks in the writing process be completed
    10·1 answer
  • A marketing intermediary would most likely help a firm by ________.A) negotiating with labor unions regarding wages, hours, and
    14·1 answer
  • Cloud Storage Solutions works closely with customers showing them early versions of its software and interface and then quickly
    10·1 answer
  • When a lender requires tax and/or insurance amounts to be deposited with the lender by placing the monies in an escrow account,
    5·1 answer
  • A new project would require an immediate increase in raw materials in the amount of $12,000. The firm expects that accounts paya
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!