Homework Answers
Answer
False
Reason:
Disposable income is the net income available to invest, save, or spend after deducting income taxes. Disposable income is calculated by subtracting income taxes from income. Thus, the definition of disposable income given in the question is wrong.
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Disposable income is the income from wages, salaries, business and investments and when we subtract direct...
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When using the income approach to calculate nominal GDP, you should Multiple Choice subtract indirect business taxes add indirect business taxes subtract transfer payments add transfer payments
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When disposable income is increased from $0 to $1,000 to $2,000, the marginal propensity to consume...
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unearned revenue arises because the business receives goods or services before payment has been made True...
unearned revenue arises because the business receives goods or services before payment has been made True or false retirement compensation is a benefit because the employer sets aside money for the employees future retirement True or false gross pay is the total amount of salary,wages,commissions,and bonuses earned by an employee during a pay period,after taxes or any other deductions True or false the old age,survivors,and disability insurance component of FICA tax is imposed on the entire amount of an individual...
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1. When determining relevant cash flows for project evaluation, we should _____. a. discount interest expenses...
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Liabilities and Stockholders' Equity Current Liabilities Accounts Payable Income Taxes Payable Salaries and Wages Payable Total Long-term Liabilities Total Current Liabilities Total Current Liabilities Long-Term Liab ties Mortgage Payable Total Long-term Labies Total Liabilities G eminem daughter - Google Se: x + yplus.com/courses/37115/assignments/3933142 You are provided with the following information for Bramble Corp., effective as of its port $ 904 970 670 1,430 1,380 1,130 Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Common stock Cost of goods sold Depreciation expense...
need help finding rent, utilities, salaries and wages, income
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Val's Hair Emporium operates a hair salon. Its unadjusted trial balance as of December 31, 2018, follows, along with information about selected accounts. Account Names Cash Supplies Prepaid Rent Debit $ 2,800 3,380 3,000 Accounts Payable Credit Further Information As reported on December 31 bank statement. Based on count, only $8ee of supplies still exdst. This amount was paid November 1 for rent through the end of January $...
When we talk about a product with "low income elasticity" what are we saying? Select one: a. Its sales volumes are not as affected by changes in disposable income as other products. b. When people have to make budget cuts, they would switch to buying this product instead. 0 C. It is targeted at lower-income customers. d. It has a reduced effect on how far people can stretch their budgets. Which of the following statements is the most correct? Select...
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