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3 years ago

Explain how growing personal income is related to economic conditions.

Business

1 answer:

NISA [10]3 years ago

7 0

Answer:

see below

Explanation:

Personal income is the total earning an individual gets from wages, investments, bonuses, dividends, profits, or other ventures. It is the sum of a household income. Personal income is calculated per period, usually one year.

Economic conditions refer to the prevailing state of a country or region's economy. Economic conditions are ever-changing and are influenced by business cycles of expansions and contraction, government fiscal and monetary policies, macroeconomic factors, and global factors. Governments and investor use indicators to tell the state of the economy

Economic conditions impact people's and business income. Government policies and global economics influence the level of economic activities. The expansion period has increased economic activities are leading to increased incomes. At contraction, business activities decline, resulting in reduced income.

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3 years ago

MC Qu. 84 Two investment centers... Two investment centers at Marshman Corporation have the following current-year income and as

dusya [7]

Answer:

The correct answer is 11.28%

Explanation:

Solution

Recall that:

Investment center A Investment center B

Investment center income $ 530,000 $ 640,000

Investment center average

invested assets $ 4,700,000 $ 3,100,000

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3 years ago

Non-toxic-toys currently has $400,000 of equity and is planning a $160,000 expansion to meet increasing demand for its product.

Rashid [163]

Answer:

1. $100,000 and 25%

2. $137,200 and 34.3%

3. $150,000 and 27%

Explanation:

1. It does not expand

a. Net income= $100,000 (as given in the question)

b. Return on equity= (net income)/(shareholder’s equity)

Shareholder’s equity= $400,000

Thus return on equity= 100000/400000 = 0.25 or 25%

2. It expands and issue $160,000 in debt

a. Net income= $100000 + 50000 – 12800 (debt interest 8% of $160000)

= $137,200

b. Return on equity= (net income)/(shareholder’s equity)

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=0.343 or 34.3%

3. It expands and raises equity of $160000

a. Net Income= $100000 + 50000

= $150000

b. Return on equity= (net income)/(shareholder’s equity)

= 150000/(400000 + 160000)

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4 years ago

On January 1, 2021, Maywood Hydraulics leased drilling equipment from Aqua Leasing for a four-year period ending December 31, 20

Step2247 [10]

Answer and Explanation:

The Journal entries are shown below:-

1. Right of use assets Dr, $371,049

To Lease payable $371,049

(Being lease is recorded)

Working note:-

Present value of periodic lease payment $354,595

($100,000 × (present value of ordinary annuity of $1, n = 4, i = 5%)

($100,000 × 3.54595)

Present value of an estimated cash payment under a residual value

$16,454 (Present value $1, n = 4, i = 5%)

Lease payment = $354,595 + $16,454

= $371,049

2. Amortization expense Dr, ($371,049 ÷ 4 years) $97,262

To Right of use assets $97,262

(Being related to the lease is recorded)

3. Interest expense Dr, (5% × $371,049) $18,552

Lease payable Dr, $81,448

To annual payment of cash $100,000

(Being annual payment of lease is recorded)

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4 years ago

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Umnica [9.8K]

The answer is (Indirect).

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3 years ago

Read 2 more answers