Answer:
The correct answer is option C.
Explanation:
The price of wine has risen from $7 to $9 per bottle and the price of cheese has fallen from $6 to $5 per pound.
Anne’s income has stayed fixed at $46 per week.
Anne has been buying 4 bottles of wine and 2 pounds of cheese per week.
At the initial price she was spending
= 
= $28 + $12
= $40
After the price change she has to spend
= 
= $36 + $10
= $46
Since she has to spend more to consume the same level of output, we can say that Anne is worse off.
Answer:
$38,265
Explanation:
Beg RE = $29,825
Plus Net Income = $6,540
Minus Dividends = ($2550)
Plus New Stock = $4450
Ending RE = $38,265
Answer:
B) Yes No
Explanation:
Materials cost are incremental and relevant whereas Depreciation on equipment with no resale value are irrelevant.
Answer:
$125,165.49
Explanation:
Daily Sales Outstanding is computed by dividing Average Accounts Receivable over Daily Credit Sales.
In this case, if the DSO is 71, then the Daily Credit Sale is $2,887.3239($205,000/71).
Then, the old sales is $1,053,873.24 ($2887.3239 x 365).
If this is reduced by 15% after the policy is implemented, the new sales is $895,792.25 ($1,053,873.23-15%) and the new daily sales is $2,454.23 ($895,792.25/365).
Using these DSO formula, the new Accounts Receivable level will be $125,165.49 (51 x $2,454.23).
A budget surplus of $7
<h3>What is a budget surplus's opposite?</h3>
A budget deficit is the polar opposite of a budget surplus. If a company (or government) has a budget deficit, it signifies that over the given timeframe, it spent more money than it brought in. A business's budget deficit could necessitate a budget reform for the upcoming fiscal year, even though a budget deficit for the government is not always negative for spending.
<h3>What does the term "surplus" mean?</h3>
A surplus is a sign that the government is being run efficiently. When government income is higher than government expenditures for a specific time period, typically a fiscal year, there is a surplus, which is a positive number.
<h3>How is inflation caused by a budget surplus?</h3>
Nevertheless, inflationary pressures can also exist when the economy is struggling. In essence, a rise in the money supply is what causes inflation. In light of the foregoing, a budget surplus will drain funds from the economy, hence lowering the money supply and fostering a deflationary environment.
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