Answer:
The equation for Edmund's budget line is 6C - 24G = 48
Explanation:
A budget line shows all possible combinations of two commodities that a consumer can buy at a given income level and at given market prices of commodities. The equation of the budget line is as follows.
M = (Px).X + {Py).Y where
M = Income
Px = Price of commodity X
X = Units of commodity X purchased
Py = Price of commodity Y
Y = Units of commodity Y purchased
In this question, Edmund's income is $48. Let C represent the units of punk rock video cassettes that he buys. Each one costs $6.
In addition, rather than spending on another commodity, he earns $24 per sack for accepting garbage. Let G represent the number of garbage sacks he accepts. Putting these values in the above equation, we have:
48 = 6C - 24G
Rearranging the equation, we have the final answer, which is:
6C - 24G = 48
Answer:
The correct answer is $24,500.
Explanation:
According to the scenario, the given data are as follows:
Total Account receivable = $100,000
Amount collected = $70,000
So, if there is sufficient taxable income, then assume tax rate to be 35%.
So, we can calculate the Gains tax by using following formula:
Gain tax = Amount collected × Tax rate
By putting the value, we get
Gain tax = $70,000 × 35%
= $24,500.
Answer: Bandwagon
Explanation: Advertisements which are structured in other to pounce on the emotion of the target audience mainly by utilizing the the fact that some consumers are already on board to spur others. It aims to influence consumer decision by making it known that a certain group, market have embraced or adopted a certain product. The main intention is to appeal to other potential consumers to come on board in other to be a part of what others are doing or enjoying. It is usually regarded as a propaganda or persuasive marketing strategy.
Answer:
Debit Credit
July 2021
Cash 17,500
Loan payable 17,500
June 30, 2022
Loan Payable 17,500
Interest payable 2,100
Cash 19,600
Adjusting Entry's
Debit Credit
Interest expense 1050
Interest Payable 1050
Explanation:
Interest for the year = 0.12*17500=2100
Interest expense 2021= 6/12*2100= 1050
