Answer:
the marginal propensity to consume in the economy is 0.7
Explanation:
The calculation of the marginal propensity to consume in the economy is given below:
As we know that
Marginal propensity to consume = Change in consumption ÷ Change in income
= 7 ÷ 10
= 0.7
Hence, the marginal propensity to consume in the economy is 0.7
Therefore the last option is correct
The same is relevant
Answer:
Explanation:
1. A company uses the same accounting principles from year to year.(CONSISTENCY)
2. Information that is free from error.(VERIFIABLE)
3. Information presented in a clear and concise fashion.(UNDERSTANDABILITY)
4. Information that makes a difference in a decision.(RELEVANCE)
5. Information accurately depicts what really happened.(FAITHFUL REPRESENTATION)
To have a standard financial statement in accounting , there's are some qualities that are needed to put into consideration such as fundamental qualities as well as Enhancing quality of accounting. fundamental qualities are needed to obtain relevancy and reliability in preparing accounting statement.Enhancing quality of accounting are also to have
Comparability,Consistency, Understandability, Relevance, Verifiable
as well as Faithful representation
The answer is C I took Dave Ramsey's class and spending is always a question
Answer:
B. Decrease $19,000
Explanation:
The computation of the amount affect the operating income is shown below
But before that first we need to find the new operating income
Total operating income for Cat Food $280,000
Less: Fixed costs for Dog Food ($52000)
Add: rented per year $26000
New net operating income $254000
Now decrease in net operating income is
= operating income - new operating income
= $273,000 - $254,000
= $19,000
I think is false. The May suspended the license for a while but not revoked
