Answer:
Cash $10,430
Cash equivalents $20,400
Explanation:
Calculation to determine the amount reported as CASH on December 31
Using this formula
Cash = Cash in bank + Petty cash + Check from customer + money order
Let plug in the formula
Cash = $8,540 + $250 + $1,350 + $290
Cash = $10,430
Calculation to determine the amount reported as CASH EQUIVALENTS on December 31
Using this formula
Cash equivalents = Money market fund + Treasury bills
Let plug in the formula
Cash equivalents=$10,400+$10,000
Cash equivalents= $20,400
Therefore the amount reported as Cash and Cash Equivalents on December 31 are:
Cash $10,430
Cash equivalents $20,400
Answer:
0.8; 0.2; $360; 90%; 10%
Explanation:
Linear equation for consumption is as follows:
C = 40 + 0.8Y
suppose that income (Y) = $400
MPC = 0.8
Marginal propensity to save = 1 - Marginal propensity to consume
MPS = 1 - 0.8
= 0.2
C = 40 + 0.8Y
C = 40 + 0.8 × 400
= $360
Therefore, consumption is $360.
Average propensity to consume (
APC):
= Consumption ÷ Income level
= 360 ÷ 400
= 0.9
= 90%
We know that income is either consumed or saved, therefore,
Y = C + S
$400 = $360 + S
S = $40
Average propensity to save (
APS):
= Savings ÷ Income level
= 40 ÷ 400
= 0.1
= 10%
Answer:
idk this question is very confusing anyone.else know?
Answer:
the seller must record the land at the purchase price = $137,000
Explanation:
Fixed assets like land must always be recorded at historical cost. This is specially important regarding land because it doesn't depreciate and its carrying value will always be the purchase cost since it cannot be adjusted if the fair market value changes.
Explanation:
No, because economic growth can be described as a phenomenon that is taking place in modern times.
Economic growth began before the industrial revolution in the late 1700s in England, and it was with the technological innovations that occurred with the industrial revolution that there was a greater production facility, speed and greater incentive to consumerism, which generated an economic expansion in the world.
However, it is incorrect to affirm that all the nations of the world experience the same extent of modern economic growth, since each nation is influenced by a cultural and political group, which impacts on innovative decisions and on the conditions of political and social development.
