Answer:
D. None of the answers is correct.
Explanation:
Answer:
D. 1.20.
Explanation:
300 dollars x 4 multiplier = 1,200 dollars in the economy.
There are 1,000 goods in the whole economy
1,200 dollar purchase 1,000 goods
on average: $1,200 / 1,000 units = $1.20/per unit
with 1.20 dollar you can purchase a single good
Notice: this means average is 1.20 dollars it do not implies all goods are worth 1.20 dollars
Answer:
The correct answer is D
Explanation:
Marginal principle is the principle which is referred to an increase in the activity level when the marginal advantage exceeds or more than the marginal cost.
So, the marginal principle of retained earnings would be when it will provide the higher rate of return than the shareholders who could achieve after paying taxes on the dividends.
It would be "taxes and government payouts"
Answer:
Dr Land 397,950
Cr Cash 117,950
Cr Notes payable 280,000
Explanation:
Certain ordinary and necessary costs can be included in the purchase cost of land:
- cost of the land
- title fees
- applicable taxes
- legal fees
- broker fees
- survey costs
- leveling costs
- zoning fees
- etc.
In this case, the total purchase cost of the land = $110,000 + $280,000 + $1,400 + $650 + $5,900 = $397,950
