Answer:
taking an inventory of the special equipment, facilities, and systems needed for production.
Explanation:
C. Conduct a research on your product.
You should have already done the research by this stage
Answer: 0.70; 0.30
Explanation:
Marginal propensity to consume(MPC) is the additional spending by an economic agent due to a rise in income while the marginal propensity to save is the additional saving by someone due to rise in income.
Increase in income = $3,000
Increase in spending = $2,100
Increase in savings = $3,000 - $2,100 = $900
MPC = $2,100/$3,000
= 0.70
MPS = $900/$3,000
= 0.30
Answer:
Evan's AGI is $ 66,000 and his taxable income is $ 54,000
Explanation:
To calculate the AGI you have to perform the following:
Salary $ 67,300
work hourly pay <u>$ 700</u>
Gross pay $68,000
Modified AGI $ 68,000
<h3>Student loan interest deduction (2500)-((68000-65000)×(2500/15000)) =
$-2000</h3>
AGI $66,000
Next, to calculate the taxable income you have the follwong substraction
AGI $ 66,000
Standard deduction $12,000
Personal deduction <u> 0 </u>
Taxable Income $ 54,000
Answer:
Nancy Tercek
Income Statement for the month ended June 30 2019
$ $
Service Revenue 6300
Less: Expenses
Rent Expense 600
Gas Expense 300
Utilities Expense 300
Salaries Expense 1190 (<u>2390)</u>
Net Income <u>3910
</u>
Explanation:
- These are the only transactions relating to income statement. We calculated the revenue by adding the service revenue earned on 5 june (4700) and on 20 June (1600).
- In service business there are no Cost of Goods Sold.
- We deduct the Expenses relating to operations.
- There are only four expenses and the finance cost relating to notes payable cannot be calculated as the interest rate is not provided.
