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Serhud [2]
3 years ago
5

What is your marginal rate of consumption (MPC)? If your income increased $1,000 per month until retirement, how much would your

spending on consumption goods increase?
Business
1 answer:
vivado [14]3 years ago
3 0

Answer:

$400

Explanation:

In the case when the income would be increased by $1,000 per month so the spending on consumption goods would also be increased by 40% here we assume the 40%

So,

= $1,000 × 40%

= $400

Therefore based on the above assumption, the spending on consumption goods would be increased by $400

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Why are jellyfish so jellyish
Mandarinka [93]
Jellyfish have very simple bodies - they don't have bones, a brain or a heart. they consist of three basic layers. the outer layer, called the "epidermis," contains the nerve net. the middle layer is made of "mesoglea," the thick, elastic stuff that looks like jelly
6 0
3 years ago
Heart of Tennessee Telecom has these account balances at December​ 31, 2016​:
Komok [63]

Answer:

Explanation:

a. Current ratio = current assets/ current liability

= current assets= 2,300+5,700+3,500= 11,500

Current liability= 3,000+3700= 6,700

Current ratio = 11,500/3700

= 1.72

b. How much in current assets does Heart of Tennessee Telecom have for every dollar of current liabilities that it​ owes?

It has $1.72

3 0
3 years ago
Plush Corporation purchased 100 percent of Common Corporation’s common stock on January 1, 20X3, and paid $450,000. The fair val
Oxana [17]

Answer:

Please refer the detail answer in the memo below

Explanation:

Date: 24 January 20XX

Subject: Review of Impairment of Goodwill

From: External Auditors

To: Chief Accountant, Plush Corporation

Upon review of the investment made by your company in Common Corporation, we believe that there are possible indications of the impairment of the goodwill initially recognized in the books upon acquisition.

At the time of Acquisition:

Consideration = $450,000

Fair Value of Net Assets = $430,000

Goodwill = $450,000 - $430,000 = $20,000

The new guidance issued by FASB, requires only a one-step quantitative impairment test, whereby a goodwill impairment loss will be measured as the excess of a reporting unit’s carrying amount over its fair value.

However, if we follow the previous guidance of FASB, we have to test the impairment with the following three steps:

Step 1: We will compare the carrying amount of the net assets with the Fair value of Reporting Unit, and if the carrying amount exceeds the fair value, we will record the impairment.

Step 1: We will compute, implied value of goodwill by comparing the fair value of the reporting unit with the fair value of the identifiable net assets, if FV of net assets are higher, then there is no impairment, otherwise we will jump to Step 3.

Step 3: If the calculated implied value of the goodwill is lower than the actual goodwill at acquisition, than the difference is the impairment loss, however in case the implied value of the goodwill is higher than the actual goodwill at acquisition, no impairment shall be recorded.

Apparently, since the fair value of Common had increased to $485,000, there is no need to recognize the impairment loss on goodwill; however we believe that the estimated fair value of Common is less than the $430,000 and therefore impairment should be recorded.

7 0
3 years ago
Which of the following occupations is among the 10 projected most rapidly declining U.S. occupations in terms of percentage decr
NemiM [27]

Answer:

Postal service mall sorters and processors is the correct answer for the following.

Explanation:

  • A postal worker would be someone who receives, philtres and handles mail and sells mail items.
  • These include such roles as postal hoppers and agents, mail carriers, developers, and assembly line workers.
  • Workers at the Postal Service collect and prepare mail for shipment to homes, companies and boxes at the post office.

Therefor, the Postal service is the correct answer.

6 0
3 years ago
Which of the following is an example of irregular income? a) A full-time job b) A part-time job c) A graduation gift d) Both b a
alexandr402 [8]
Which of the following is an example of irregular income?
A. A full-time job
B. A part-time job
C. A graduation gift
D. Both b and c

The answer is C
8 0
3 years ago
Read 2 more answers
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