Such a person is the PROJECT SPONSOR. A project sponsor is the person with the overall accountability for a project, he has the responsibility to ensure that the project delivers the agreed business benefits. He is usually the one who is responsible for securing the financing and total resources project approval.
Answer:
a. This behaviour will decrease the AD. This is because as people will start saving more, they will spend less. Due to this, AD curve will shift backwards or AD will decrease.
b. If people start saving more, they will consume less. Thus, the consumption component will reduce.
c. This will change the saving habits. This is because people will become aware of the fact that they need to save for their old age because the social security system will not be enough to meet their demands.
Answer:
a debit balance of $1,300
Explanation:
Generally in the income statement, a net profit is the excess of income over expenses during a given period and this will give a credit balance in the income statement, but this will be a debit balance in Income Summary to close the account.
On the other hand, a net loss is the excess of expenses over income during a given period and this will give a debit balance in the income statement, but this will be a credit balance in Income Summary to close the account.
Since Camera Obscura Enterprises made a net profit of $1,300 in the month of June, the balance in Income Summary will therefore be a debit balance of $1,300.
Answer:
0.33 pounds of pears
Explanation:
Let the price of 1 pound of apple (Pa) be = $1
1. So, price / pound of pear (Pp) = 0.5 more = $1 + $0.5 = $1.5
Expenditure (E) on 5 pounds of apples = P x Q = 5 x $1 = $5
Pears pounds purchase-able by same amount i.e $5 = E/ Pp = 5 /1.5= $0.33
2. ∵ Pa = $1 , ∴ Pp = 1.5 times = $1.5
E on 5 Pa = $5
Pears pounds purchase-able by same amount i.e $5 = E/ Pp = 5 /1.5= $0.33
Answer:
increase
Explanation:
Reserve ratio is the percentage of deposits that is required of commercial banks to keep as reserves. The lower the ratio, the higher the increase in money supply
For example, assume reserve ratio is initially 10% of deposits. It is later reduced to 5%. 1000 is deposited
Increase in money supply = deposit / reserve ratio
1000 / 0.1 = 10,000
1000 / 0.05 = 20,000
Money supply increased when reserve ratio was decreased
