Answer:
Your monthly expenses are greater than your monthly income.
Explanation:
A deficit means having a shortage. If one has a monthly spending deficit, it implies the expenses are more than the income. A deficit arises when the budgeted expenditure is more than the income.
A deficit contrasts with a surplus, which is a situation when one has more money than the planned expenses. In a surplus, one has an excess of money, but in a deficit, one has insufficient amounts to meet all expenses.
Personal crisis could be resolved by a nation if more jobs opportunity are created.
<h3>What is personal financial crisis?</h3>
A personal financial crisis comes when an individual does not have enough money to cater for his or her needs.
This could have happened dues to loss Job, theft, bankruptcy or a sudden medical illness.
Therefore, Personal crisis could be resolved by a nation if more jobs opportunity are created, empowerment programs and funding are made available for those who do not have.
Learn more on financial Crisis here,
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Answer:
The correct answer to the following question is option D) quantity supplied of striped shorts will decrease.
Explanation:
Here as people's preference changes from striped shorts to plaid shorts, then the quantity supplied of stripped shorts will decrease and quantity supplied of plaid shorts will increase. Here the supply curve of striped shorts will not decrease because here there has been no increase or decrease in the production cost of shorts due to the change in people's preference, and if there is no change in the production cost of the striped short then how the supply curve would change and that;s why op
Answer:
1. Deflation
-10%
2. In year 1 - 8 baskets
In year 2 - 8.9 baskets
3. The value of money increases
Explanation:
Deflation is a fall in general price levels. The price fell from $10 to $9. It indicates deflation has occured.
Inflation is a rise in price level.
Annual rate = (current year price - previous year price ) / previous year price
(9 - 10) / 10 = -0.1 = -10%
The annual change is negative because price level fell.
$80 would buy $80/$10 = 8 baskets of goods in year 1
$80 Will buy $80/$9 = 8.9 baskets of goods in year 2.
A fall in price levels increases the value of money because less money can buy the same basket of goods. Therefore, the purchasing power of money increases.
Answer:
Usher Sports Shop's cash flow from operations for 2018: $5,414,000
Explanation:
Cash at the end of the year = Cash at the beginning of the year + Cash flows from investing activities + Cash flows from financing activities + Cash flows from operating activities
Therefore:
Cash flows from operating activities = Cash at the beginning of the year + Cash flows from investing activities + Cash flows from financing activities - Cash at the end of the year
Cash flows from investing activities of ($2,150,000) <0 and cash flows from financing activities of ($3,219,000) <0.
Cash flows from operating activities = -$980,000 + $2,150,000 + $3,219,000 + $1,025,000 = $5,414,000