Answer:
0.7 and 0.3
Explanation:
Data provided in the question
Awarded bonus value = $3,0000
Spending amount on a new living room = $2,100
So by considering the above information , the MPC and MPS is
As we know that
MPC = change in Consumption spending ÷ change in income
= $2,100 ÷ $3,000
= 0.7
And, the
MPC + MPS = 1
0.7 + MPS = 1
So, the MPS is 0.3
An example of the projected increase in the world economy from the recent Doha round of world trade organization negotiations is $160 billion to $385 billion per year
The Doha Round is the most recent round of trade talks among WTO members.
Its goal is to significantly modify the international trading system by lowering trade barriers and revising trade laws.
The labor program spans approximately 20 trade categories.
The Round is also known semi-officially as the Doha Development Agenda because one of its primary goals is to boost developing countries' trading prospects.
The Round was officially begun in November 2001 at the WTO's Fourth Ministerial Conference in Doha, Qatar. The Doha Ministerial Declaration established the framework for prior agreements, including those on agriculture, services, and intellectual property.
Hence, the answer is $160 billion to $385 billion per year.
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Answer:
C) For; they are available to all eligible taxpayers, not just those that itemize deductions
Explanation:
Any individual's adjusted gross income is equal to the individual's total gross income minus certain specific deductions, e.g. health savings account, contributions to retirement accounts, student loan interest, etc.
An individual's taxes are calculated using the adjusted gross income as basis, not simply the gross income.
Answer:
The journal entry to record the factory wages of $25,000 incurred in the processing department is given below.
Debit Processing Department (WIP Asset) $ 25,000
Credit Factory Wage (Liability) $ 25,000
The journal entry to record the factory wages of $15,000 incurred in the production department.
Debit Production Department (WIP Asset) $ 15,000
Credit Factory Wage (Liability) $ 15,000
Please note that these work in process are asset accounts and the cost of inventory is expenses as goods are sold.
Empire has a credit balance of $750 in its allowance for doubtful accounts. the balance in the accounts receivable account is $80,500, with $2,415 estimated to be uncollectible after aging the accounts. under the balance sheet approach, the debt to bad-debt expense will be $ 1,665.
