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2 years ago

Economists assume that people are rational in the sense that.

1 answer:

3 0

In the sense that consumers and firms use all available information as they take actions intended to achieve their goals

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A law firm received $2,500 cash from a client for legal services to be rendered in the future. The full amount was credited to t

Savatey [412]

Answer:

Revenues to be understated

Explanation:

Understated amounts indicate a reported amount is not correct and the reported amount is less than the true amount.

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3 years ago

Confirm that you can find the financial statements for Starbucks Corporation (SBUX) as of Sep 28, 2014 using the following so

Ksenya-84 [330]

Answer:

Explanation:

from the company web page

7 0

3 years ago

Rent revenue $6540 Sales discounts $7830 Interest expense 13260 Selling expenses 99710 Beginning retained earnings 114930 Sales

Stels [109]

Answer:

Income Statement

Sales Revenue $ 402.000

Sales discounts -$ 7.830

Sales returns and allowances -$ 12.740

Net Revenue $ 381.430

Net Income -$ 22.779

Income attributable to controlling stockholders

Net Income -$ 22.779

Allocation to noncontrolling interest -$ 19.720

Income attributable to controlling stockholders -$ 62.219

Explanation:

Total Net revenue it's calculated with the Sales Revenue less Sales discounts and Returns and allowances.

Net Income it's calculated with the total Net Sales minus cost of goods sold, Expenses, Interest and Taxes for a determinated period.

To calculate the income to controlling stockholders it's necessary to subtracted at the end of the statement which they do not own.

Income Statement

Sales Revenue $ 402.000

Sales discounts -$ 7.830

Sales returns and allowances -$ 12.740

Net Sales $ 381.430

Cost of goods sold -$ 188.417

Gross Profit $ 193.013

Administrative Expenses -$ 80.660

Selling Expenses -$ 99.710

Other Income Rent Revenue $ 6.540

Net Income BEFORE Taxes $ 19.183

Interest Expenses -$ 13.260

Net Income BEFORE Taxes $ 5.923

Income Taxes -$ 28.702

Net Income -$ 22.779

Allocation to noncontrolling interest -$ 19.720

Income attributable to controlling stockholders -$ 62.219

4 0

4 years ago

One reason some manufacturing companies began moving production to China in the early 2000s was due to lower wages that could be

harina [27]

Answer:

Comparative advantage

Explanation:

This concept of economics is comparative advantage that means one country has advantage of producing same product at lower cost than other. In this question China has comparative advantage over USA,

This may be due to different reasons.

1. Population of China is greater than USA, that is why employees are willing to work on low salaries in China as compared to salaries are offered in the US.

2. China is comparatively better in manufacturing industry as of with USA.

8 0

4 years ago

suppose you get $500 for your birthday and you spend $350 and save the remaining $150. the marginal propensity to save or mps is

arsen [322]

The marginal propensity to save is equal to 0.3.

<h3>What is the marginal propensity to save?</h3>

The marginal propensity to save is the proportion of a person's income that is saved as opposed to spending it on consumption.

The marginal propensity to save is the ratio of the amount saved to income. The marginal propensity to save is used to quantify the relationship between changes in savings and changes in income.

In economics, it is assumed that disposable income is either saved or consumed. Thus, the marginal propensity to save and the marginal propensity to consume would be equal to one. The marginal propensity to consume is the ratio of amount spent on consumption to income.

The marginal propensity to save = amount that is saved / income

$150 / $500 = 0.3

To learn more about marginal propensity to save, please check: brainly.com/question/19089833

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8 0

2 years ago