Voluntary exchanges happen when both parties expect to receive a gift that is better than the gift they already gave to somebody.
If your in K12, the answer is gain.
The major factor that contributes to the decline of occupations in industries such as textile and clothing is due to the change of technology. Through the technological advancement, innovators are able to machines that work twice as fast as human beings.
The person's new salary based on the new CPI of 112 should be $30,545.
<h3>What is the consumer price index (CPI)?</h3>
The Consumer Price Index (CPI) is an aggregate measure of the average price changes over time for a market basket of consumer goods and services. The index is used by businesses, governments, and individuals to gauge the inflation trend in the economy.
Data and Calculations:
Old CPI = 110
New CPI = 112
Old salary = $30,000
New salary = $30,545 ($30,000/110 x 112)
Thus, the person's new salary based on the new CPI of 112 should be $30,545.
Learn more about the consumer price index (CPI) at brainly.com/question/24888747
Answer:
The amount of the adjusting entry for bad debts at December 31 is C. $91,000
Explanation:
Adjustment entry is made on changes on the amount of provision for doubtful debts.
Increase in amount of provision for doubtful debts increases the expenses in income statement.
Decreases in amount of provision for doubtful debts decreases the expenses in income statement.
Allowance for Doubtful Accounts Balance $35,000 (cr)
Allowance during th year $126,000
Increase in Allowance $ 91,000
$ 91, 000 increase in allowance for doubtful debts increases the expenses in Income Statement
Answer:
The answer is B.
Explanation:
Gross Domestic Product (GDP) is the total market value of all the final goods and services produced within a sovereign nation(country) during a given period of time usually a year.
Gross Domestic Product (GDP) can be calculated using expenditure method or income method or value-added method.
To analyze this question, expenditure method will be used. The formula is C + I + G + (X-M)
where C is the consumer spending
I is the business investments
G is the government spending
X is the exports
M is the imports.
Government has injected $200 billion into the economy through its spending.
This $200 billion is gotten from an increase in taxes, meaning consumers' disposable income has reduced by this amount.
Therefore, $200 billion will still be the incremental amount to the GDP
