He did maximize the utility <span>according to the utility maximization rule</span>.
True, banks around the world keep an eye on foreign currency
Answer:
$8,000
Explanation:
Data provided in the question:
Average cost of car = $25,000
Now,
Using the class recovery system of five years,
The rate of depreciation expense in year 2 of the MACRS is 32%
Therefore,
The depreciation expense in the year 2 will be
= Average cost of car × Rate of depreciation
= $25,000 × 32%
or
The depreciation expense in the year 2 = $8,000
Answer: General Leger account balances aggregate data to determine payroll costs
.
The account balances form the basis for accounting reports.
Explanation: a General ledger is defined as the central accounting record of a company or organization consisting of the accounts that support the value items shown in the major financial statements.
The general ledger provides information of accounting reports which in turn is used to balance aggregate data to determine payroll costs
.
Answer:
Buying Power = Cash / Initial Margin Percentage
Explanation:
Buying power represents the actual will of the consumer to purchase goods. It is the sum of money which is available to the consumer in a city for purchase of goods and services. The consumer utility can be driven by purchasing power. It determines the ability of the people in a city or country to invest in the country's Gross Domestic Product.
