Answer:
Annual consumer spending for the Wong family is = $58.000
Explanation:
Disposable income $70,000
Marginal propensity to consume 0.8
Autonomous consumption spending $10,000.
If the disposable income (the money needed to survive) is $10.000 then the $60.000 left to complete $70.000 will be consumed at a rate of 80% or 0.8 cents per each dollar received. Therefore,
Annual consumer spending = $10.000 + ($60.000*0.8)
Annual consumer spending = $10.000 + $48.000
Annual consumer spending = $58.000
The answer in the space provided, the answer is the numeric
keypad on the right side of the keyboard as this is what Lisa needs to use for
she may be able to input as much as many numbers possible as this is one of her
roles as an accountant.
Answer:
b. The fee for accessing the river in a national park
c. The wages you forgo by going kayaking
d. The rental of any kayak equipment you need
Explanation:
True cost includes all the cost incurred in kayaking and opportunity cost. All the costs incurred in kayaking includes :
The fee for accessing the river in a national park
The rental of any kayak equipment you need.
The opportunity cost of kayaking is: The wages you forgo by going kayaking.
I hope my answer helps you
Answer: This transaction can be Journalized as follows :-
December 31. Bad debt expense A/C Dr. $46,074
To allowance for doubtful accounts $46,074
(adjusting allowance account to total uncollectibles)
Explanation:
bad debt expense = doubtful accounts debit balance + desired balance for doubtful accounts
= $39044 + $7030
=$ 46,074
Answer:
E) $54,700
Explanation:
Cash Balances are determined from Cash Budgets. Thus Prepare a cash Budget as follows :
November
Receipts :
Cash Sale (70%×165,000) $115,500
Credit Sale - October (20%) $39,000
Credit Sale - September (9%) $13,500
$168,000
Payments :
Purchases ($135,000×98%) ($132,300)
Cash disbursements ($36,000)
($168,300)
<u>Reconciliation of Balances</u>
Net Cash Movement ($300)
Opening Balance $55,000
Closing Balance $54,700
