All categories

3 years ago

The adjusted trial balance of Bramble Corp. at December 31, 2019, includes the following accounts:

Business

1 answer:

natulia [17]3 years ago

4 0

Answer:

$11,400

Explanation:

Income Statement

For the year ended December 31, 2019

Particulars Amount

Revenues

Service revenue $37,900

Expense

Salaries & wages expense $16,000

Insurance expense $2,900

Rent expense $3,400

Supplies expense $2,500

Depreciation expense $1,700

Total expenses $26,500

Net income (loss) $11,400

You might be interested in

A process called? _________________ is where members of the distribution channel act as if they were assembly stations in the fa

FrozenT [24]

Channel Assembly or maybe Assembly Line

I hope that helped!

8 0

3 years ago

In an output contract, the seller can operate a factory on a 24-hour-a-day schedule and can legally require that the buyer take

Len [333]

Answer:

yes

Explanation:

5 0

3 years ago

Suppose the economy had been producing at potential output but is now experiencing a recession. Which of the following are discr

Novay_Z [31]

Answer: a) -A tax cut

-Additional spending on national park facilities

b) Expansionary fiscal policy

Explanation:

Fiscal Policy refers to how the government of a country is using it's spending and taxes to influence Economic conditions on a Macro level.

The keywords for this question are TAXES and SPENDING.

The means that a Discretionary FISCAL policy includes Taxes and Spending.

Now the way to close the Recessionary gap that is opening is to put more money into the Economy. The Government can do this by REDUCING TAXES which will means people have more money to spend and ADDITIONAL SPENDING on NATIONAL PARK FACILITIES as this means that the government is pumping more money into the Economy.

The discretionary fiscal policy needed to bring the economy closer to potential output is an example of an EXPANSIONARY FISCAL POLICY.

This is where the Government aims to put more money into the economy so that growth can be acheived and they do this by lowering taxes and increasing spending either singularly or simultaneously.

3 0

3 years ago

if the marginal propensity to save is 0.12 the marginal propensity to consume(mpc) is the multiplier is

Vlad [161]

Answer:

If the marginal propensity to save is 0.12, the marginal propensity to consume(mpc) is 0.88, and the multiplier is 8.33.

Explanation:

From the question, we are given the following:

mps = Marginal propensity to save = 0.12

The marginal propensity to consume (mpc) and the multiplier can therefore be calculated as follows:

mpc = 1 - mps ........................ (1)

Substituting the values for mps into equation (1), we have:

mpc = 1 - 0.12

mpc = 0.88

Also, we have:

Multiplier = 1 / mps ..................... (2)

Substituting the values for mps into equation (2), we have:

Multiplier = 1 / 0.12

Multiplier = 8.33

Therefore, if the marginal propensity to save is 0.12, the marginal propensity to consume(mpc) is 0.88, and the multiplier is 8.33.

8 0

3 years ago

This question explores the calculation of the unemployment rate. You will be provided some imperfect employment data for four di

Alik [6]

Answer:

Unemployment rate= 0.13= 13%

Explanation:

Giving the following information:

Of these 95 individuals, 75 are in the labor force and 65 are employed.

To calculate the unemployment rate, we need to use the following formula:

Unemployment rate= unmeployed population / labor force

Unemployment rate= 10/75

Unemployment rate= 0.13

7 0

3 years ago