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bezimeni [28]
3 years ago
7

Suppose that an economy consists of only two individuals. Leland has $1950 available to spend on goods. He decides to purchase $

370 worth of produce from Charlotte in the current month. No other economic activity takes place during the current month. Using this information, answer the questions. For the current month, what is the economy's income
Business
1 answer:
Illusion [34]3 years ago
6 0

Answer:

$370

Explanation:

The computation of the economy income as follows:

Since Leland decided to buy the worth of produce in the present month for $370

So for the present month or the current month, the economy income is $370

Therefore the same would be considered also the single transaction is taken place in the current month

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Presented below is a list of costs and expenses usually incurred by Barnum Corporation, a manufacturer of furniture, in its fact
allochka39001 [22]

Answer:

The list of items are as follows:

1. Salaries for assembly line inspectors - direct labor or manufacturing overhead

2. Insurance on factory machines - manufacturing overhead

3. Property taxes on the factory building - manufacturing overhead

4. Factory repairs - manufacturing overhead

5. Upholstery used in manufacturing furniture - direct materials

6. Wages paid to assembly line workers - direct labor

7. Factory machinery depreciation - manufacturing overhead

8. Glue, nails, paint, and other small parts used in production - manufacturing overhead

9. Factory supervisors’ salaries - manufacturing overhead

10. Wood used in manufacturing furniture - Direct materials

8 0
4 years ago
J Corporation has two divisions. Division A has a contribution margin of $79,300 and Division B has a contribution margin of $12
Allushta [10]

Answer:

Net income= $98,200

Explanation:

Giving the following information:

Division A:

The contribution margin of $79,300

Division B:

Contribution margin of $126,200.

The total traceable fixed costs are $72,400 and total common fixed costs are $34,900.

<u>To calculate the net operating income, we need to deduct from the combined contribution margin the fixed costs.</u>

<u></u>

Net income= (79,300 + 126,200) - 72,400 - 34,900

Net income= $98,200

7 0
3 years ago
If the amount of a bond premium on an issued 11%, four-year, $100,000 bond is $12,928, the annual interest expense is $5,500.
Alisiya [41]

Answer: False

Explanation: interest= Prt

7 0
3 years ago
Suppose that government purchases rise by $100 billion and together consumption and investment decline by a total of $80 billion
andrew11 [14]

Answer:

a) complete crowding out.

Explanation:

This is an example of crowding out effect, when government increases it's involvement in a market, such that it reduces private sector investment, it is called crowding out

7 0
3 years ago
Juxipi Inc. is well known for having a stronger credit score than its competitors. that is why, buyers are more willing to buy p
rewona [7]

Answer:

d. Commercial paper

Explanation:

-Short-term bank loans is a loan that has to be paid back in a year.

-Factoring is when a company sells its accounts receivable to another company at a cheaper price.

-Trade credit is a credit that a supplier gives to its clients to make the payments later.

-Commercial paper is a promissory note used by companies to get money to cover short-term liabilities and has a period of time of up to a year.  

According to this, the answer us that the short-term financing option that is being offered by Juxipi Inc. in the given scenario is commercial paper.

4 0
4 years ago
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