The appropriate response is Interpersonal skills. Interpersonal skills are the abilities utilized by a man to collaborate with others appropriately. In the business space, the term for the most part alludes to a worker's capacity to coexist with others while taking care of business. Great relational abilities are an essential for some positions in an association.
Answer:
Equilibrium GDP = C+ I+ G+ X
Where: Y = GDP
C = Ca = a+bYd
I = Ig
G = G
X = Xn
Yd = Y-T
T = 0.2Y
Y = C+ I+ G+ X
Y = a + bYd + I +G + X
Y = a + b(Y-T) + I +G + X
Y = a + bY - bT + I +G + X
Y = a + by - b(0.2Y) + I +G + X
Y = a + bY - 0.2Yb + I +G + X
Y = a + 0.8Yb + I +G + X
Y - 0.8Yb = a + I +G + X
Y(1 - 0.8b) = a + I +G + X
Y = (a + I +G + X)/(1 - 0.8b)
That is the equilibrium GDP is Y = (a + I +G + X)/(1 - 0.8b)
Explanation:
Equilibrium GDP is also called equilibrium level of national income. This is the condition that must prevail for planned expenditure to exactly equals planned income or output in an economy. this is represented by the general equation of Y = C+ I+ G+ X-M but for the purpose of this question M which represent import was not introduced.
The consumption function of C = Ca = a+bYd is a Keynesian consumption function, it shows aggregate planned expenditure by household
Ig represents investment expenditure of the firm
Xn represents export while
G represents government expenditure on goods and services
T represents tax which varies with income level
Answer:
A) Allowance method of accounting bad debts
Explanation:
Based on the allowance method, the bad debts should be calculated on either credit sales i.e. income statement method or receivable aging method i.e. balance sheet method. Also, the account receivable should be recognized at net realizable value
Therefore the allowance method of accounting bad debts is an answer
Answer:
$2.45
Explanation:
The formula to compute the marginal revenue is shown below:
Marginal revenue = Change in total revenue ÷ Change in number of quantity sold
where,
Change in total revenue would be
50 burgers × $5 = $250
51 burgers × $4.95 = $252.45
So, the change in total revenue is
= $252.45 - $250
= $2.45
And, the change in number of quantity sold is
= 51 burgers - 50 burgers
= 1
So, the marginal revenue is
= $2.45 ÷ 1
= $2.45
