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2 years ago

An example of consumer spending when calculating the GDP using the expenditures

1 answer:

7 0

Answer:

d. None of the above

Explanation:

Remember, GDP stands for Gross Domestic Product which is the money value of all final goods and services produced within the domestic territory of a country.

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Widmer requires a minimum $15,000 cash balance. If necessary, loans are taken to meet this requirement at a cost of 1% interest

Marizza181 [45]

Answer:

Widmer's Cash Budget for January, February, and March

January:

Opening Balance - $15,000

Cash Receipts - $30,000

Less Payments - $38,500

Difference - $6,500

Loan - $8,500

Closing Balance - $15,000

February:

Opening Balance - $15,000

Cash Receipts - $87,000

Less Payments - $85,000

Less Interest on loan -$85

Difference - $16,915

Loan Repayment- $1,915

Closing Balance - $15,000

March:

Opening Balance - $15,000

Cash Receipts - $85,000

Less Payments - $65,000

Less Interest on loan -$65.85

Difference - $34,934.15

Loan Repayment- $6,585

Closing Balance - $28,349.15

Explanation:

In January, $6,500 cash balance necessitated the taking of a loan of $8,500 in order to bring it to $15,000 required minimum.

In February, 1% interest was paid on $8,500 loan. This gives $85. Part of the loan ($1,915) was repaid to maintain the cash balance at $15,000.

In March, the interest on loan was 1% on $6,585 $(8,500 -1,915) or the loan balance. This gives $65.85 as interest paid. The loan balance was also repaid because of the excess cash balance.

3 0

3 years ago

Evaluate how a change in consumer incomes will affect the demand

dalvyx [7]

Answer:

They will be less likely to rent an apartment and more likely to own a home. A product whose demand falls when income rises, and vice versa, is called an inferior good. In other words, when income increases, the demand curve shifts to the left.

For normal economic goods, when real consumer income rises, consumers will demand a greater quantity of goods for purchase. ... When nominal income increases without any change to prices, this means consumers can purchase more goods at the same price, and for most goods, consumers will demand more.

Explanation:

8 0

2 years ago

Why is gross profit more important than net profit

kozerog [31]

Gross profit shows how much money you made in relation to the cost of goods sold, this calculation is very important when you need to know wether a product is profitable or not. Net profit also substracts the expenses (building machinery,etc).

4 0

3 years ago

When the sales department needs to hire more staff, the corporate skills inventory system was used to determine if any current e

sergejj [24]

Answer: Internal recruiting

Explanation:

Internal recruiting is when an organization fills its vacancies from its existing workforce.

In this case, rather than looking for applicants to the position outside the company, the company fills the available position with some of its staff. On the other hand, external recruitment is when the position is filled by outsiders.

3 0

3 years ago

Jim Smith is an avid fly fisherman who lives in Deer Key, FL. For his hobby, Jim needs large rubber rafts, hip waders, special f

ahrayia [7]

Answer: Direct mail marketer.

Explanation:

A direct mail marketer helps to deliver Jim's fishing equipments to him. A direct mail marketer is a seller who delivers item bought by a buyer(either by phone call or over the internet) direct to the buyer's mail or residence.

6 0

3 years ago