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3 years ago

7

Inexpensive goods and services, which take very little consideration on the part of consumers and consumers frequently purchase,

are referred to as _____.

1 answer:

nlexa [21]3 years ago

4 0

Its called convenience products

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Why do we need government support?

MrRa [10]

Answer:

Government is necessary because it keeps order and people from doing whatever they want

Explanation:

Governments provide the parameters for everyday behavior for citizens, protect them from outside interference, and often provide for their well-being and happiness. In the last few centuries, some economists and thinkers have advocated government control over some aspects of the economy.

3 0

3 years ago

Read 2 more answers

Suppose that consumption is $500 and that the marginal propensity to consume is 0.6. If disposable income increases by $1,000, c

Lynna [10]

Answer:

A. $600

Explanation:

The formula and the computation of the Marginal propensity to consume are shown below:

Marginal propensity to consume = Change in consumer spending ÷ Change in disposal income

0.6 = Change in consumer spending ÷ $1,000

So, the change in consumer spending is

= $1,000 × 0.6

= $600

Hence, the consumption that is given in the question is not considered. Therefore, ignored it

8 0

3 years ago

Assume that Firm ABC has revenues of $120,000 for both 2017 and 2018. It also has operating expenses of $40,000 for each of thes

ivolga24 [154]

Answer:

1) deferred tax asset = 4000

2) deffered tax Liability = 4000

Explanation:

1) Journalizing entry at 12/31/2017

deferred tax asset = tax ( per income tax) - tax ( per book tax )

= 32000 - 28000 = 4000

J<u>ournal Entry made for Income tax and deferred tax asset) </u>

Account Debit Credit

Income Tax Expense 28000

Deffered Tax Asset 4000

Income Tax Payable 32000

2) Journalizing entry at 12/31/2018

Deffered tax Liability = Tax (per book) - Tax ( Income tax )

deffered tax Liability = 32000 - 28000 = 4000

<u>Journal Entry made for Income tax and deffered tax liability</u>

Account Debit Credit

Income Tax Expense 32000

To Deffered Tax Liability 4000

To Income Tax Payable 28000

3 0

3 years ago

The Charade Company is preparing its Manufacturing Overhead budget for the fourth quarter of the year. The budgeted variable fac

In-s [12.5K]

Answer:

the total budgeted factory overhead for November is : 2) $110,000.

the budgeted direct labor hours for December must be : 3) 9,000 hours.

total budgeted factory overhead per direct labor hour is : 1) $14.38

Explanation:

To determine the budgeted factory overhead for November, prepare a budgeted factory overhead for November as follows :

<u>November</u>

Budgeted Variable factory overhead ($5.00 × 7,000 hours) = $35,000

Budgeted Fixed factory overhead = $75,000

Total budgeted factory overhead = $110,000

<u>December</u>

Total Cash Disbursements = $105,000

Less Budgeted Fixed factory overhead ($75,000 - $15,000) = $60,000

Budgeted Variable factory overhead = $45,000

Therefore, budgeted direct labor hours = $45,000 / $5.00

= 9,000 hours.

<u>December</u>

Budgeted Variable factory overhead ($5.00 × 8,000 hours) = $40,000

Budgeted Fixed factory overhead = $75,000

Total budgeted factory overhead = $115,000

Therefore, total budgeted factory overhead per direct labor hour = $115,000 / 8,000 hours = $14.375

Which is $14.38 (rounded)

3 0

3 years ago

Question 13 What is the value of Country 2's net exports?

blondinia [14]

Option B, $45 Billion

6 0

2 years ago