Answer:
Salaries expense DR. $1220
Cash Cr. $1220
Cash Dr. $1860
Account receivable Cr. $1860
Cash Dr. $3810
Account receivable Cr. $3810
Purchases Dr. $3900
Cash Cr. $3900
Explanation:
Accounts payable Dr. 2600
Cash Cr. $2600
Rent expense Dr. $450
Cash Cr. $450
Account receivable Dr. $980
Services Cr. 980
Parking Tickets
Medical Bills
Bank Overdrafts
Hope This Helps!
:D
Answer:
Induced consumption is the portion of consumption that varies with disposable income. When a change in disposable income “induces” a change in consumption on goods and services, then that changed consumption is called “induced consumption”. In contrast, expenditures for autonomous consumption do not vary with income.
Explanation:
Answer:
lol just reminding yall
my teacher : Wikipedia is not a reliable resource
Explanation:
Answer:
The price of the market basket of goods and services is now $1,100
Explanation:
<em>Consumer Price Index(CPI ):</em><em> This is the weighted average price of a basket of goods and services consumed by a typical consumer. It is used to measure the rate of inflation.</em>
The increase in the CPI is taken to be the rate of inflation. For example, if the CPI rose to 110 from 100, this implies an inflation rate of 10% within the time period in focus.
Cost of goods now =
(CPI in current year/CPI in base year )× cost of goods in the base year.
cost of goods now = (110/100) × 1000
= $1,100
Kindly note that the the CPI in the base year is taken to be 100
The price of the market basket of goods and services is now $1,100