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aniked [119]
3 years ago
7

Autonomous consumption is defined as: Group of answer choices the level of consumption that depends only on the exchange rate. t

he consumption expenditures incurred by the government. the level of consumption that does not depend on income. an equilibrium condition that needs to be met for the aggregate expenditure model to work. the part of consumption that is related to investment.
Business
1 answer:
pochemuha3 years ago
8 0

Answer:

the level of consumption that does not depend on income.

Explanation:

Autonomous consumption means that the expenditures that should be incurred at the time also when the consumer has no income. Like food, shelter, heathcare, etc are needed for survival even in the case when the person has no money

So according to the given situation, it is consumption level which does not based upon the income

Hence, the third option is correct

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Between 1986 and 1998 the De Beers company controlled the world diamond market. De Beers and its affiliated association of produ
Kruka [31]

Answer:

The correct answer is option A.

Explanation:

The association of De Beers and its affiliated producers is a cartel.

A cartel is formed by the producers in an oligopoly market, in order to protect their interests and earn higher profits. Forming a cartel is generally not legal in many countries. Cartels can be formed both formally and informally.

Members of a cartel can fix a higher price to earn more profit.

4 0
3 years ago
Pam runs a shoeshine stand at the airport. Pam has no skills, no job expereince, and no alternative employment. Entrepreneurs in
xxMikexx [17]

Answer:.

Explanation:

7 0
3 years ago
Which of the following statements about the income statement is false? a. The single-step format groups all income items togethe
Sophie [7]

Answer:

The statement which is false is D) .

Explanation:

Income statement helps in assessing the current and past performance of the company, it also helps in predicting the future performance and in assessing the risk present in future in obtaining cash flows. Income statement are prepared through two methods either single step format ( which is used by sole proprietor and partnership firms ) or multi step format ( used by corporations ) .

In the single step format , all the income items are group together and are subtracted from the total cost, while in multi step format , a company breaks all the sources from where the revenues and cost have come, it is used to take out various measures like gross profit, operating profit etc.

A common size statement is one of the type of income statement where each account item is represented as a percentage of total sales value.

Option D is false because discounted operations and extraordinary transactions appear on both the single step and multi step format , these transactions are written as written as footnote below the statement.

5 0
3 years ago
The net income for Sheridan Company for 2020 was $350,000. For 2020, depreciation on plant assets was $69,700, and the company i
enyata [817]

Answer:

350,000 net income

+69,700 depreciation

+13,300 loss on disposal

433,000 adjusted income

no change in working capital

cash generated from operating activities 433,000

Explanation:

We need to remove from the net incoem the non-monetary terms

The depreication is an accounting concept, it doesn't involve cash disbursements, so it is added.

Also the los son disposal doesn't involve using cash so is also removed.

Rule:

to remove a non-monetary expense we should add it.

to remove a non-monetary gain we should decrease it.

5 0
3 years ago
Which of the following functions of money enables society to gain the benefits of geographic and labor specialization? store of
grandymaker [24]

Answer:

The correct answer is: medium of exchange.

Explanation:

The medium of exchange function of money that helps the society in gaining the benefits of geographic and labor specialization.  

The medium of exchange function means that money is an asset that is widely accepted as a medium of exchange in the transactions involving the exchange of goods and services.  

The medium of exchange function of money eliminates the need for double coincidence of wants. Thus helps in labor and geographic specialization.

4 0
3 years ago
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