CRANE CORPORATION
Income Statement
For the Year Ended July 31, 2022
Service Revenue: $68,100
Rent Revenue: $9,600
Total Revenue: $77,700
Expenses:
- Salaries and Wages Expense: $59,500
- Supplies Expense: $16,700
- Depreciation Expense: $5,800
Total Expenses: $82,000
Net Income: ($4,300)
The income statement shows the financial performance of Crane Corporation for the year ended July 31, 2022. The company generated $68,100 in service revenue and $9,600 in rent revenue, resulting in a total revenue of $77,700.
The total expenses for the year were $82,000, including $59,500 for salaries and wages, $16,700 for supplies, and $5,800 for depreciation.
After deducting the total expenses from the total revenue, the net income is calculated to be ($4,300), indicating that the company incurred a loss during the year.
Learn more about statements here:
https://brainly.com/question/17238106
#SPJ11
Exercise 18-28 (Algorithmic) (LO. 1) In 2021, Aurora received a $54,300 bonus computed as a percentage of profits. In 2022, Aurora's employer determined that the 2021 profits had been incorrectly computed, and Aurora had to refund the $16,290 in 2022. Assume that Aurora was in the 35% tax bracket in 2021 but in the 12% bracket in 2022. If required, round your final answers to the nearest dollar. a. In 2021, how much is Aurora required to include in income? IS b. In 2022, what is the amount of the deduction Aurora can claim? What is the reduction in taxes for 2022 as a result of the deduction?
In 2021, Aurora received a $54,300 bonus, which was computed as a percentage of profits.
However, it was later determined that the 2021 profits had been incorrectly calculated, and Aurora had to refund $16,290 in 2022. Aurora was in the 35% tax bracket in 2021 but dropped to the 12% bracket in 2022. The amount Aurora is required to include in income for 2021 is $54,300, which is the full amount of the bonus received.
In 2022, Aurora can claim a deduction for the refunded amount of $16,290. This deduction reduces Aurora's taxable income for 2022. Considering that Aurora's tax bracket in 2022 is 12%, the reduction in taxes for 2022 as a result of the deduction is $16,290 multiplied by 12%, which equals $1,955. The deduction allows Aurora to reduce their taxable income and ultimately pay less in taxes for 2022.
To learn more about Aurora click here: brainly.com/question/2220596
#SPJ11
3. Consider transactions below. Regarding their direct entries, answer in which account of Home country'sbalance of payments they are recorded and if they are recorded as credit or debit. Regarding their counterentries, answer in which account of Home country’s balance of payments they are recorded and as credit ordebit.3.a. Foreign country imported computers from Home country. The value is 200.Direct entry: Account: Credit or Debit?Counter entry: Account: Credit or Debit?3.b. A Foreign citizen cut her hair in a barber in Home country. The value is 10.Direct entry: Account: Credit or Debit?Counter entry: Account: Credit or Debit?
3.a. Foreign country imported computers from Home country. The value is 200.Direct entry: Account: Credit or Debit?Counter entry: Account: Credit or Debit In this case, the account for Home country's balance of payments in which the transaction is recorded would be current account.
It would be recorded as a credit, since it represents an export of goods and services. The counter entry would be recorded in the capital and financial account and it would be recorded as a debit.3.b. A Foreign citizen cut her hair in a barber in Home country. The value is 10.Direct entry: Account: Credit or Debit?Counter entry: Account: Credit or DebitIn this case, the account for Home country's balance of payments in which the transaction is recorded would be current account.
It would be recorded as a credit, since it represents an export of services. The counter entry would be recorded in the capital and financial account and it would be recorded as a debit.Hence, the direct entries in Home country's balance of payments for both the cases would be Credit and the counter entries would be Debit.
To know more about imported visit:
https://brainly.com/question/32635437
#SPJ11
ADJUSTMENT FOR LOSS CONTINGENCIES The following items have not been reflected in the financial statements of ALTAGRACIA CORP. for the year ended December 31, 2007. You are asked if the information should be adjusted and disclosed in the financial statements, disclosed only in the financial statement, or no adjustment or disclosure. 1. Altagracia owns a small warehouse located on the banks of a river in which it stores inventory worth approximately P250,000. Altagracia is not insured against flood losses. The river last overflowed its banks 200 years ago. a. Adjusted and disclosed in the financial statements. b. Only disclosure is required in the financial statements. c. No adjustment or disclosure required in the financial statements. 2. Altagracia offers an unconditional warranty on its toys. Based on past experience, Altagracia estimates its warranty expense to be 1% of sales. Sales during 2007 were P5,000,000. a. Adjusted and disclosed in the financial statements. b. Only disclosure is required in the financial statements. c. No adjustment or disclosure required in the financial statements. 3. On October 30, 2007, a safety hazard related to one of Altagracia's toy products was discovered. It is considered probable that Altagracia will be liable for an amount in the range of P50,000 to P250,000. a. Adjusted and disclosed in the financial statements. b. Only disclosure is required in the financial statements. c. No adjustment or disclosure required in the financial statements. 4. On November 29, 2007, Altagracia initiated a lawsuit seeking P125,000 in damages from a patent infringement. a. Adjusted and disclosed in the financial statements. b. Only disclosure is required in the financial statements. c. No adjustment or disclosure required in the financial statements. 5. On December 15, 2007, a former employee filed a lawsuit seeding P50,000 for unlawful dismissal. Altagracia's attorneys believe the suit is without merit. No court date has been set. a. Adjusted and disclosed in the financial statements. b. Only disclosure is required in the financial statements. c. No adjustment or disclosure required in the financial statements. 6. On December 12, 2007, Conchita guaranteed a bank loan of P500,000 for its president's personal use. a. Adjusted and disclosed the financial statements. b. Only disclosure is required in the financial statements. c. No adjustment or disclosure required in the financial statements. 7. On January 5, 2008, a warehouse containing a substantial portion of Altagracia's inventory was destroyed by fire. Altagracia expects to recover the entire loss, except for a P125,000 deductible from insurance. a. Adjusted and disclosed in the financial statements. 4 b. Only disclosure is required in the financial statements. c. No adjustment or disclosure required in the financial statements. 8. On January 5, 2008, inventory purchased FOB shipping point from a foreign country was detained at that coutnry's border because of political unrest. The shipment is valued at P750,000. Altagracia's attorneys have stated that it is probable that Altagracia will be able to obtain the shipment. a. Adjusted and disclosed in the financial statements. b. Only disclosure is required in the financial statements. c. No adjustment or disclosure required in the financial statements. 9. On January 30, 2008, Altagracia issued P5,000,000 bonds at a premium of P250,000. a. Adjusted and disclosed in the financial statements. b. Only disclosure is required in the financial statements. c. No adjustment or disclosure required in the financial statements. 10. On February 14, 2008Dhe assesse Altagraca an aco1onal P200,000 for the 2001 BIR will agree to a P150,000 settlement. Page that it that the 21⁰ a. Adjusted and disclosed in the financial statements. b. Only disclosure is required in the financial statements. c. No adjustment or disclosure required in the financial statements.
1. For item 1, the information about the small warehouse and the potential flood risk should be disclosed in the financial statements .
Because it is relevant to the company's assets. However, it doesn't require adjustment since the likelihood of a flood is minimal.
2. Item 2 involves an unconditional warranty offered by the company. Since the warranty expense can be estimated based on past sales, it should be adjusted and disclosed in the financial statements to accurately reflect the potential liability.
3. In item 3, the discovery of a safety hazard related to one of the company's products indicates a potential liability. Since it is considered probable and an amount range can be estimated, it should be adjusted and disclosed in the financial statements.
4. The lawsuit initiated by the company seeking damages for patent infringement, mentioned in item 4, should be adjusted and disclosed in the financial statements to reflect the legal action and its potential impact on the company's finances.
5. In item 5, the lawsuit filed by a former employee for unlawful dismissal should be adjusted and disclosed in the financial statements. Despite the belief that the suit is without merit, the potential liability exists and should be reflected.
6. The guarantee of a bank loan by Conchita for the president's personal use, as mentioned in item 6, should be adjusted and disclosed in the financial statements to highlight the contingent liability and its potential impact on the company's financial position.
7. Regarding item 7, the loss from a fire in the warehouse should be disclosed in the financial statements since it is significant. However, no adjustment is required as the company expects to recover most of the loss through insurance, except for the deductible.
8. The inventory detained at the foreign country's border due to political unrest, as described in item 8, should be disclosed in the financial statements. However, no adjustment is necessary as it is probable that the company will be able to obtain the shipment.
9. Item 9 involves the issuance of bonds at a premium. This should be adjusted and disclosed in the financial statements to accurately reflect the premium received and the related liability.
10. The potential settlement for the BIR assessment mentioned in item 10 should be disclosed in the financial statements. However, no adjustment is required as the settlement amount has not been agreed upon yet.
In summary, adjustments and disclosures are required for items 2, 3, 4, 5, 6, 9, and 10, while only disclosures are needed for items 1, 7, and 8.
Learn more about financial here:
https://brainly.com/question/32292990
#SPJ11
HOSPT 120: Hospitality Cst Ctrl - Douglass C. - SPRING 20... ASSIGNMENT GUIDELINES • Assume you have gathered the following information from your operation for the month of April. o Food Sales = $12
The food sales for the month of April in the hospitality operation are $12.The provided information indicates that the food sales for the month of April in the hospitality operation
The given information states that the food sales for the month of April are $12. This implies that the total revenue generated from the sale of food items during that period amounts to $12.
The provided information indicates that the food sales for the month of April in the hospitality operation amounted to $12. It is important to note that this single data point alone does not provide sufficient context to draw any further conclusions or insights regarding the financial performance or trends of the operation.
Additional information such as the cost of goods sold, operating expenses, and profit margin would be needed to assess the overall financial health of the business. Analyzing these factors can help evaluate the profitability and efficiency of the operation's cost control measures, pricing strategies, and revenue generation.
To know more about hospitality visit:
brainly.com/question/31164189
#SPJ11
which of the following will not shock aggregate demand so that it shifts to the left?decreased import growtha slower money growth ratelower growth of government spendinghigher taxes
Decreased import growth will not shock aggregate demand so that it shifts to the left.
When import growth decreases, it implies that the economy is relying less on foreign goods and services, which can have a positive impact on domestic production and employment. It can lead to an increase in demand for domestically produced goods, which is more likely to shift aggregate demand to the right rather than to the left.
On the other hand, a slower money growth rate, lower growth of government spending, and higher taxes can all potentially reduce consumer spending and overall demand in the economy. These factors are more likely to result in a leftward shift of aggregate demand, as they can decrease the amount of money available for consumption and investment, leading to a decrease in overall economic activity.
To know more about economy visit-
brainly.com/question/15018104
#SPJ11
list three practical problems with the keynesian perspective
Three practical problems with the Keynesian perspective include the difficulty in accurately measuring aggregate demand, the potential for government intervention to crowd out private investment, and the challenge of implementing appropriate fiscal policies in a timely and effective manner.
1. Difficulty in accurately measuring aggregate demand: Keynesian economics emphasizes the importance of managing aggregate demand to stabilize the economy. However, accurately measuring aggregate demand, which includes consumption, investment, government spending, and net exports, can be challenging. It requires collecting and analyzing vast amounts of data, and even small measurement errors can lead to inaccurate policy decisions.
2. Potential for government intervention to crowd out private investment: Keynesian economics advocates for government intervention, such as increased government spending or tax cuts, to stimulate economic growth. However, excessive government intervention can lead to a crowding-out effect, where increased government borrowing and spending reduce the available funds for private investment. This can limit the potential benefits of fiscal policies and hinder long-term economic growth.
3. Challenge of implementing timely and effective fiscal policies: Keynesian economics suggests using fiscal policies, such as changes in government spending and taxation, to manage aggregate demand. However, implementing these policies in a timely and effective manner can be challenging. Political constraints, administrative delays, and uncertainties in predicting the future state of the economy can hinder the timely implementation of fiscal policies, potentially reducing their effectiveness and limiting their ability to address economic fluctuations.
These practical problems highlight some of the complexities and limitations associated with the Keynesian perspective. While the approach has contributed valuable insights to macroeconomic theory and policy, addressing these problems requires careful consideration and adaptation to real-world circumstances.
Learn more about Keynesian perspective here:
https://brainly.com/question/32350114
#SPJ11
the aida model would suggest that before marketers can work to generate interest among consumers in their firm or their firm’s products, they first need to
According to the AIDA model, before marketers can generate interest among consumers in their firm or products, they first need to capture the consumers' attention and create awareness.
The AIDA model is a marketing framework that outlines the stages a consumer typically goes through when making a purchasing decision: Attention, Interest, Desire, and Action. The model suggests that capturing attention is the initial step for marketers. With the abundance of information and advertising messages consumers are exposed to, it is crucial for marketers to create compelling and attention-grabbing marketing campaigns. This can be achieved through various means such as engaging visuals, catchy slogans, or intriguing storytelling.
Once attention is captured, marketers can then shift their focus to generating interest. This involves providing information and communicating the unique selling propositions and benefits of their firm or products. Marketers need to emphasize how their offerings can fulfill consumers' needs, solve their problems, or provide value in a way that sets them apart from competitors. By effectively conveying these messages, marketers can pique consumers' curiosity and stimulate their interest in exploring the firm or product further.
To generate interest, marketers can utilize a variety of marketing tactics such as content marketing, social media campaigns, demonstrations, testimonials, or interactive experiences. These strategies aim to create an emotional connection, build credibility, and demonstrate the value proposition of the firm or products. By doing so, marketers can foster a positive perception and increase the likelihood of consumers developing a genuine interest in the offerings.
In conclusion, according to the AIDA model, marketers need to capture attention and create awareness before they can successfully generate interest among consumers in their firm or products. This involves creating impactful marketing messages and utilizing effective advertising channels to reach the target audience. Once attention is captured, marketers should focus on highlighting the unique selling points and benefits of their offerings to encourage consumers to further explore and engage with the firm or products.
To learn more about aida model click here: brainly.com/question/6293538
#SPJ11
an increase in expected inflation will cause the economy's aggregate demand curve to: shift to the right. become steeper. shift to the left. remain unchanged.
An increase in expected inflation will cause the economy's aggregate demand curve to shift to the left.
When expected inflation increases, individuals and businesses anticipate higher future prices. As a result, they may reduce their current spending and investment, expecting that their money will have less purchasing power in the future. This decrease in spending and investment leads to a decrease in aggregate demand, which is represented by a leftward shift of the aggregate demand curve. Conversely, a decrease in expected inflation would have the opposite effect, causing the aggregate demand curve to shift to the right as individuals and businesses increase their spending and investment in anticipation of lower future prices.
learn more about economy's here:
https://brainly.com/question/32669966
#SPJ11
Use the information below to answer the two questions that follow. A company is preparing for a monthly sales budget for January, February, and March next year. Sales are 100% on credit. Expected credit sales are as follows: January $200 February $180
March $290 Credit sales are collected in
- the month of sale: 60% - a month after sale: 30% - two months after sale: 5% - uncollectible: 5% (recognized in the month of sale)
Q. What is the total cash collection in March next year? ANS. $____
Q. If the budgeted ending balance of net Accounts Recevable on January 31 next year is $85, what would be the budgeted total cosh collection in February next year? (hint: $85 includes uncollected credit sales from December this year and January next year)
ANS. $_____
Q1. What is the total cash collection in March next year?
Answer: $234
Q2what would be the budgeted total cash collection in February next year?
Answer: $189
Explaination:
Q1. What is the total cash collection in March next year?
Calculation:
Expected Credit Sales in March: $290
Collected in the month of sale: 60% of $290 = $174
Collected a month after the sale: 30% of $290 = $87
Collected two months after sale: 5% of $290 = $14.5
Total Cash collection in March = 174+87+14.5 = $234Q2. If the budgeted ending balance of net Accounts Receivable on January 31 next year is $85,
Q2what would be the budgeted total cash collection in February next year?Answer: $189
Calculation:
Budgeted Ending Balance of net Accounts Receivable on January 31 next year is $85. It includes uncollected credit sales from December this year and January next year.
So, January credit sales that will be uncollected = 40% of $200 (60% is collected in January) + 70% of $180 (30% is collected in February) = $72
Uncollectible recognized in January = 5% of $200 (Expected Credit Sales) = $10
Net Account Receivable balance at the end of February = $85 – $72 - $10 = $3
Cash collection from January Sales in February = 60% of $200 (collected in January) + 30% of $200 (collected in February) + 5% of $200 (uncollectible recognized in January) = $125
Cash collection from February sales in February = 60% of $180 (collected in February) + 30% of $290 (collected in March) + 5% of $180 (uncollectible recognized in February) = $64.5
Total Budgeted Cash Collection in February = $125 + $64.5 = $189Therefore, the budgeted total cash collection in February next year is $189.
Know more about cash collection here:
https://brainly.com/question/28523097
#SPJ11
which of the following correctly explains how the dollars-per-euro exchange rate will change in the near future if the exchange rate is expected to rise?
If the exchange rate is expected to rise, it means that the value of the dollar is expected to strengthen relative to the euro.
In this case, the correct explanation of how the dollars-per-euro exchange rate will change in the near future is that it will decrease.
When the exchange rate is quoted as dollars-per-euro, a higher exchange rate indicates that more dollars are required to purchase one euro. So, if the exchange rate is expected to rise, it implies that more dollars will be needed to buy one euro, resulting in a decrease in the dollars-per-euro exchange rate.
To summarize, when the exchange rate is expected to rise, the dollars-per-euro exchange rate will decrease.
Learn more about Euro here -: brainly.com/question/1306721
#SPJ11
Question 2 ABC Ltd. has a single manufacturing process of which the following overhead cost estimates are available for the period ending 31 December 20X2: R I Raw materials receiving and inspection cost 18 720 Electricity 23 400 Materials handling cost 16 380 R Raw materials receiving and inspection cost 18 720 Electricity 23 400 Materials handling cost 16 380 Total 58 500 Three products, namely A, B and C, are manufactured by labourers. The raw material arrives in bundles and is then processed further using electrical drills, which are operated by hand. The labourers are paid a wage of R50 per hour. The following estimates are applicable for the period ending 31 December 20X2: Product A Product B Product C Units manufactured 2 200 1650 880 Raw material received (total bundles) 11,00 6,00 18,00 Data per manufactured unit: Direct material (m2) 6.00 3,00 Direct material (R) 6.50 3.90 7.80 Three products, namely A, B and C, are manufactured by labourers. The raw material arrives in bundles and is then processed further using electrical drills, which are operated by hand. The labourers are paid a wage of R50 per hour. The following estimates are applicable for the period ending 31 December 20X2: Product A Product B Product C Units manufactured 2 200 1 650 880 Raw material received (total bundles) 11,00 6,00 18,00 Data per manufactured unit: Direct material (m2) 4,00 6,00 3,00 Direct material (R) 6,50 3,90 7,80 Direct labour (minutes of drilling) 24,00 40,00 60,00 Number of electric drilling jobs 7,00 4,00 3,00 Overheads are currently allocated to products by means of a rate based on labour hours. An activity-based investigation identified the following cost drivers: + [D Page view A Read aloud (1) Add text V Draw Highlight Activity cost pool Cost drivers Material receiving and inspection Number of material bundles Electricity Number of drilling jobs Material handling m2 handled Round-off all your figures to two decimal places. 2.1 Prepare a summary for the budgeted product cost per unit for each product (A, B and C) for the period ending 31 December 20X2, where the unit cost for each of the cost elements is set out: (8 marks) In terms of the current method of overhead allocation 2.2 (12 marks) Prepare a summary for the budgeted product cost per unit for each product (A, B and C) for the I period ending 31 December 20X2, where the unit cost for each of the cost elements is set out by using the identified cost drivers and on the basis of ABC principles
2.1 Budgeted product cost per unit for each product (A, B, and C) using the current method of overhead allocation:
Product A:
Direct material cost per unit: R6.50
Direct labor cost per unit: (24 minutes * R50/hour) / 60 minutes = R20.00
Overhead cost per unit (based on labor hours): (R58,500 / (2,200 + 1,650 + 880)) = R10.48
Total budgeted product cost per unit for Product A:
R6.50 + R20.00 + R10.48 = R36.98
Similarly, calculate the budgeted product cost per unit for Products B and C using the same approach.
2.2 Budgeted product cost per unit for each product (A, B, and C) using the identified cost drivers and ABC principles:
Product A:
Direct material cost per unit: R6.50
Direct labor cost per unit: (24 minutes * R50/hour) / 60 minutes = R20.00
Overhead cost per unit based on cost drivers:
Material receiving and inspection cost: (18,720 / 11,000) * 1 bundle = R1.70
Electricity cost: (23,400 / 7) * 1 drilling job = R3,342.86
Material handling cost: (16,380 / 4) * 4 m2 handled = R16,380.00
Total budgeted product cost per unit for Product A:
R6.50 + R20.00 + R1.70 + R3,342.86 + R16,380.00 = R23,740.06
Calculate the budgeted product cost per unit for Products B and C using the same approach. In the current method of overhead allocation, the overhead cost is allocated based on labor hours, which may not accurately reflect the actual consumption of resources by each product. The budgeted product cost per unit is calculated by adding the direct material cost, direct labor cost, and overhead cost allocated based on labor hours.
In the ABC method, the overhead cost is allocated based on specific cost drivers that are more closely related to the consumption of resources. By using the identified cost drivers, the budgeted product cost per unit provides a more accurate reflection of the actual resource usage by each product. This allows for better cost control and decision-making.
learn more about product cost here :
https://brainly.com/question/32521075
#SPJ11
The following portfolios are being considered for investment. During the period under consideration, RFR = 0.07.Portofolio Return Beta σᵢ P 0.15 1.0 0.05Q 0.20 1.5 0.10R 0.10 0.6 0.03S 0.17 1.1 0.06Market 0.13 1.0 0.04a. Compute the Sharpe measure for each portfolio and the market portfolio.b. Compute the Treynor measure for each portfolio and the market portfolio.c. Rank the portfolios using each measure, explaining the cause for any differences you find in the rankings.
(A) Market Portfolio: (0.13 - 0.07) / 0.04 = 1.50
(B) Portfolio S: (0.17 - 0.07) / 1.1 = 0.09
Market Portfolio: (0.13 - 0.07) / 1.0 = 0.06
(C) Sharpe Measure Ranking: Portfolio S > Portfolio P > Market Portfolio > Portfolio Q > Portfolio R.
Treynor Measure Ranking: Portfolio Q = Portfolio S > Portfolio P > Market Portfolio > Portfolio R.
In evaluating the investment portfolios, the Sharpe measure and Treynor measure can be calculated to assess their risk-adjusted returns. The Sharpe measure quantifies the excess return per unit of total risk (as measured by standard deviation), while the Treynor measure focuses on the excess return per unit of systematic risk (as measured by beta).
a. Computing the Sharpe measure for each portfolio and the market portfolio:
Portfolio P: (0.15 - 0.07) / 0.05 = 1.60
Portfolio Q: (0.20 - 0.07) / 0.10 = 1.30
Portfolio R: (0.10 - 0.07) / 0.03 = 1.00
Portfolio S: (0.17 - 0.07) / 0.06 = 1.67
Market Portfolio: (0.13 - 0.07) / 0.04 = 1.50
b. Computing the Treynor measure for each portfolio and the market portfolio:
Portfolio P: (0.15 - 0.07) / 1.0 = 0.08
Portfolio Q: (0.20 - 0.07) / 1.5 = 0.09
Portfolio R: (0.10 - 0.07) / 0.6 = 0.05
Portfolio S: (0.17 - 0.07) / 1.1 = 0.09
Market Portfolio: (0.13 - 0.07) / 1.0 = 0.06
c. Ranking the portfolios using each measure:
Sharpe Measure Ranking: Portfolio S > Portfolio P > Market Portfolio > Portfolio Q > Portfolio R.
Treynor Measure Ranking: Portfolio Q = Portfolio S > Portfolio P > Market Portfolio > Portfolio R.
The differences in rankings arise due to the consideration of different risk measures. The Sharpe measure assesses the total risk, which includes both systematic and unsystematic risk. Portfolio S achieves the highest ranking due to its higher return and lower standard deviation. On the other hand, the Treynor measure focuses only on systematic risk, as captured by beta. Portfolios Q and S have higher rankings as they generate higher returns per unit of systematic risk, while Portfolio R ranks lower due to its lower return and higher beta. The rankings provide insights into the risk-reward trade-offs of the portfolios based on the chosen risk measures.
Learn more about Portfolio:
brainly.com/question/17165367
#SPJ11
SUPERVALU, one of the largest grocery retailers in the United States, is headquartered in Minneapolis. Suppose the following financial information (in millions) was taken from the company’s 2017 annual report: net sales $40,597, net income $393, beginning common stockholders’ equity $2,581, and ending common stockholders’ equity $2,887. Compute the return on common stockholders’ equity
To compute the return on common stockholders' equity, we need to use the formula:
Return on Common Stockholders' Equity = (Net Income / Average Common Stockholders' Equity) * 100
First, we need to calculate the average common stockholders' equity:
Average Common Stockholders' Equity = (Beginning Common Stockholders' Equity + Ending Common Stockholders' Equity) / 2
Given the financial information:
Net Income = $393 million
Beginning Common Stockholders' Equity = $2,581 million
Ending Common Stockholders' Equity = $2,887 million
Average Common Stockholders' Equity = (2,581 + 2,887) / 2
= 5,468 / 2
= 2,734
Now we can calculate the return on common stockholders' equity:
Return on Common Stockholders' Equity = (Net Income / Average Common Stockholders' Equity) * 100
= (393 / 2,734) * 100
≈ 14.36
Therefore, the return on common stockholders' equity for SUPERVALU in 2017 is approximately 14.36%.
Learn more about stockholders
brainly.in/question/13584299
#SPJ11
The product most likely to be sold to consumers through rational appeals would be:
a. candies.
b. washing machines.
c. diamond rings.
d. teen fashion accessories.
The product most likely to be sold to consumers through rational appeals would be washing machines.
Rational appeals in marketing focus on the logical and practical aspects of a product, highlighting its functional benefits and features. Washing machines are a product that is typically associated with rational appeals. When consumers consider purchasing a washing machine, they often prioritize factors such as efficiency, durability, capacity, energy-saving features, and performance. These are rational considerations that influence their decision-making process. Consumers are likely to compare different brands and models based on objective criteria, such as water and energy efficiency ratings, load capacity, and advanced technology features. Therefore, washing machines are a product category where rational appeals are more effective in marketing to consumers.
In contrast, the other options mentioned - candies, diamond rings, and teen fashion accessories - are often associated with emotional appeals. These products tend to evoke feelings of pleasure, indulgence, and personal expression, making emotional appeals more relevant and effective in their marketing strategies. While rational aspects may still play a role in the purchase decision for these products, emotional appeals are often more prevalent and influential in attracting consumers.
To learn more about marketing strategies : brainly.com/question/31854392
#SPJ11
you want to save enough money to purchase a new computer, which costs $4,500. you currently have 4000 in you rbank account. if you can earn 8% per year by investing this money, how long will it take before you have enough money in your bank acount to buy a new computer?
To calculate how long it will take before you have enough money in your bank account to buy a new computer, we need to consider the interest earned on your current savings and the additional savings you plan to make.
Let's break down the calculation step by step:
Calculate the additional savings needed:
Additional savings = Cost of the computer - Current savings
Additional savings = $4,500 - $4,000 = $500
Determine the time required to accumulate the additional savings:
We'll use the formula for compound interest to calculate the time it takes to earn the additional $500 at an interest rate of 8% per year.
Future Value = Present Value * (1 + Interest Rate)^Time
$500 = $4,000 * (1 + 0.08)^Time
Divide both sides of the equation by $4,000:
(1 + 0.08)^Time = 1.125
Taking the logarithm of both sides (with base 10):
Time * log(1.08) = log(1.125)
Time = log(1.125) / log(1.08)
Using a calculator, we can find that Time is approximately 5.15 years (rounded to two decimal places).
Therefore, it will take approximately 5.15 years (or around 5 years and 2 months) to accumulate enough money in your bank account to buy the new computer, assuming you continue earning 8% interest per year and make no further deposits.
to know more about earned
visit:https://brainly.in/question/54144342
#spj11
A bond issued at a discount indicates that at the date of issue: O Its stated rate was lower than the prevailing market rate of interest on similar bonds.
O Its stated rate was higher than the prevailing market rate of interest on similar bonds O The bonds were issued at a price greater than their face value. O The bonds must be non-interest bearing O The bonds were ssued at a price greater than their face value
A bond issued at a discount indicates that at the date of issue, its stated rate was higher than the prevailing market rate of interest on similar bonds.
When a bond is issued at a discount, it means that the bond is priced below its face value. This discount is determined by comparing the stated rate of interest on the bond to the prevailing market rate of interest on similar bonds.
If the bond is issued at a discount, it implies that the stated rate was higher than the prevailing market rate of interest on similar bonds. Investors are willing to pay less for the bond because the stated rate of interest is higher than what they could obtain in the market. The discount compensates investors for the lower effective yield they will receive compared to the prevailing market rate.
On the other hand, if the bond were issued at a premium, it would indicate that the stated rate was lower than the prevailing market rate of interest on similar bonds. In this case, investors are willing to pay more for the bond because the stated rate of interest is lower than what they could obtain in the market, resulting in a higher effective yield.
To learn more about bond Click Here: brainly.com/question/31756424
#SPJ11
Rodgers financial's trial balance shows face value of bonds with a discount balance of The bonds mature in 10 years. How will the bonds be presented on the balance sheet? A. bonds payable $155,000 will be listed as a long-term liability.
B. bonds payable $152,000 (net of $2,500 discount) will be listed as a long-term liability
C. bonds payable $155,000 will be listed as a long-term liability. A $2,500 on bonds payable will be listed as a contra current liability
D. bonds payable $155,000 will be listed as long-term liability
The typical results from a successful advertising campaign can vary depending on the specific goals and objectives of the campaign. However, the most commonly observed outcomes include:
A successful advertising campaign can enhance consumer awareness and create a positive perception of a product or brand, leading to an increase in demand. As a result, the perceived demand curve becomes more elastic, indicating that consumers are more responsive to changes in price and are willing to purchase more of the product at various price points.
While it is possible that a successful advertising campaign may also result in other outcomes such as increased sales or market share, the statement in option a (selling more units by charging a lower price) is not necessarily a typical result of an advertising campaign. Similarly, options c and d do not generally reflect the typical results of a successful advertising campaign.
To know more about positive perception:- https://brainly.com/question/29977813
#SPJ11
A manufacturing company has prepared the operating budget and the cash budget and is now preparing the budgeted balance sheet. The balance of Finished Goods Inventory can be taken from the __
a. selling and administrative expenses budget
b. financial budget
c. cash budget
d. production budget and cost of goods sold budget
Option d) "production budget and cost of goods sold budget" is the correct answer.
The balance of Finished Goods Inventory for a manufacturing company can be taken from the production budget and the cost of goods sold budget. The production budget provides information on the quantity of goods to be produced during a specific period, while the cost of goods sold budget estimates the cost of producing those goods. By combining these two budgets, the company can determine the value of the finished goods that should be available in inventory.
The production budget outlines the units of products to be manufactured based on sales forecasts and desired inventory levels. It considers factors such as customer demand, desired inventory levels, and production capacity. The cost of goods sold budget, on the other hand, calculates the cost of producing the goods based on the unit costs of materials, labor, and overhead.
By integrating the information from the production budget and the cost of goods sold budget, the company can derive the value of finished goods inventory that should be reflected on the budgeted balance sheet. This balance represents the estimated cost of the completed goods that are ready for sale but have not yet been sold. Therefore, option d) "production budget and cost of goods sold budget" is the correct answer.
Know more about Inventory here:
https://brainly.com/question/31146932
#SPJ11
Protect specific signs and trademarks that distinguish specific goods and services from other goods and services. Multiple Choice O Export Import property rights O Intellectual property rights O Industrial property rights O International property rights
The correct answer is "Intellectual property rights." Intellectual property rights refer to legal rights granted to individuals or entities for their creations or inventions.
This includes protecting signs and trademarks that distinguish specific goods and services from others. Trademarks are used to identify and distinguish the source of goods or services, while signs can include logos, brand names, or symbols associated with a particular business.
Intellectual property rights provide exclusive rights to the owners of such signs and trademarks, allowing them to prevent others from using or exploiting their creations without permission. This protection encourages innovation, creativity, and investment in developing distinctive brands and products. By safeguarding these intellectual assets, businesses can establish brand identity, build consumer trust, and prevent unfair competition.
Export-import property rights, industrial property rights, and international property rights are not directly related to the protection of signs and trademarks.
To learn more about Trademarks - brainly.com/question/14578580
#SPJ11
Prepare journal entries for the following inventory transactions of CSU Ram Vacuum Cleaner Company assuming the perpetual inventory system. (Motto: If it's a CSU Ram, you know it sucks!) April 3 Purchased inventory on account from Toby Suppliers for $26,000, with terms of 2/10, N/30. April 4 Ralphie returned inventory costing $6,000 for a credit to Toby Suppliers. April 5 Ralphie sold inventory for $1,300 to US Inc. with terms of 3/15, N/45. The inventory cost Ralphie $900. April 15 Received payment in full from US Inc. for inventory sold on April 5. April 26 Paid Toby Suppliers in full.
The journal entries for the following inventory transactions of CSU Ram Vacuum Cleaner Company assuming the perpetual inventory system are as follows: April 3: Purchased inventory on account from Toby Suppliers for $26,000, with terms of 2/10, N/30.
Inventory A/c [Dr] = $26,000Accounts Payable A/c [Cr] = $26,000 (Being purchased inventory on account from Toby Suppliers for $26,000)April 4: Ralphie returned inventory costing $6,000 for a credit to Toby Suppliers. Accounts Payable A/c [Dr] = $6,000Purchase Return A/c [Cr] = $6,000 (Being the inventory returned costing $6,000 for a credit to Toby Suppliers)April 5: Ralphie sold inventory for $1,300 to US Inc. with terms of 3/15, N/45. The inventory cost Ralphie $900.Cash A/c [Dr] = $1,261.50 [$1,300 - ($1,300 x 3%)]Sales Revenue A/c [Cr] = $1,300Inventory A/c [Dr] = $900Cost of Goods Sold A/c [Cr] = $900 (Being the sale of inventory to US Inc. on credit)April 15: Received payment in full from US Inc.
for inventory sold on April 5.Cash A/c [Dr] = $1,261.50Discount A/c [Dr] = $38.50 [$1,300 x 3%]Accounts Receivable A/c [Cr] = $1,300 (Being the payment received in full from US Inc. for inventory sold on April 5)April 26: Paid Toby Suppliers in full. Accounts Payable A/c [Dr] = $25,480 [$26,000 - ($26,000 x 2%)]Cash A/c [Cr] = $25,480 (Being payment made to Toby Suppliers in full)Hence, the journal entries for the above inventory transactions of CSU Ram Vacuum Cleaner Company assuming the perpetual inventory system are as mentioned above.
To know more about transactions visit:
brainly.com/question/24730931
#SPJ11
Z, production, Inc., processes pine rosin into three products: turpentine, paint thinner, and spot remover. During June, the joint costs of processing were $100,000. Production and sales value information for the month is as follows: Product Sales Price at Splitoff Point Turpentine Paint thinner Spot remover Units Produced 5,000 liters 5,000 liters 10,000 liters $10 $20 $15 Sales Value at Splitoff Percentage Joint Costs Allocated Product Turpentine Paint thinner Spot remover ? 2 Totals $100,000 Determine the amount of joint cost allocated to each product if the Sales Value at Splitoff Point method is used pound up) Turpentine 517,000: Paint thinner 533,000; Spot remover $50,000 B. None of them C Turpentine S20,000; Paint thinner $25,000; Spot remover $55,000
The correct answer is C. Turpentine $16,670; Paint thinner $33,330; Spot remover $50,000. Based on the information provided, we calculate the amount of joint cost allocated to each product using the Sales Value at the Splitoff Point method.
This method allocates joint costs based on the sales value of each product at the splitoff point.
To calculate the allocated joint costs for each product, we need to determine the sales value of each product at the splitoff point as a percentage of the total sales value at the splitoff point. Then we allocate the joint costs based on these percentages.
First, let's calculate the total sales value at the splitoff point:
Turpentine: 5,000 liters * $10/liter = $50,000
Paint thinner: 5,000 liters * $20/liter = $100,000
Spot remover: 10,000 liters * $15/liter = $150,000
Total sales value at the splitoff point = $50,000 + $100,000 + $150,000 = $300,000
Next, let's calculate the percentage of the total sales value at the splitoff point for each product:
Turpentine: $50,000 / $300,000 = 1/6 or approximately 0.1667 (16.67%)
Paint thinner: $100,000 / $300,000 = 1/3 or approximately 0.3333 (33.33%)
Spot remover: $150,000 / $300,000 = 1/2 or 0.5 (50%)
Finally, we can allocate the joint costs based on these percentages:
Turpentine: 0.1667 * $100,000 = $16,670
Paint thinner: 0.3333 * $100,000 = $33,330
Spot remover: 0.5 * $100,000 = $50,000
Therefore, the amount of joint cost allocated to each product using the Sales Value at Splitoff Point method is:
Turpentine: $16,670
Paint thinner: $33,330
Spot remover: $50,000
learn more about split off point method here:
https://brainly.com/question/15072622
#SPJ11
stagflation is a combination of: a. decreasing output and increasing inflation. b. decreasing unemployment and increasing inflation. c. increasing output and decreasing deflation. d. increasing unemployment and decreasing deflation.
Stagflation is a unique economic phenomenon characterized by a combination of stagnant or decreasing economic growth and high inflation.
Stagflation is a term used to describe a situation where an economy experiences a combination of stagnant economic growth (or decreasing output) and high inflation.
It is characterized by a simultaneous occurrence of two undesirable economic conditions: low or negative economic growth and rising prices.
The concept of stagflation challenges the conventional economic theory that suggests a trade-off between inflation and unemployment. According to traditional economic theory, when there is high inflation, it is expected to be accompanied by low unemployment as a result of increased demand for goods and services.
Conversely, when there is low inflation or deflation, it is expected to be accompanied by higher unemployment as a result of decreased demand.
However, stagflation presents a unique scenario where both inflation and unemployment are high or rising together, which contradicts the conventional relationship between these two variables. Stagflation is often considered a complex and challenging situation for policymakers because the traditional policy tools used to address either inflation or unemployment may have limited effectiveness in such an environment.
To further clarify the answer, here are the other options provided:
b. decreasing unemployment and increasing inflation: This option is incorrect because stagflation is associated with high or rising unemployment, not decreasing unemployment.
c. increasing output and decreasing deflation: This option is incorrect because stagflation is characterized by stagnant or decreasing output, not increasing output. Additionally, deflation refers to a general decrease in prices, which is not consistent with the concept of stagflation where inflation is present.
d. increasing unemployment and decreasing deflation: This option is also incorrect because stagflation involves both high or rising unemployment and inflation, not deflation.
In summary, stagflation is a unique economic phenomenon characterized by a combination of stagnant or decreasing economic growth and high inflation.
It challenges the traditional relationship between inflation and unemployment, and policymakers face significant challenges in addressing the issues associated with stagflation.
learn more about economic growth here:brainly.com/question/29621837
#SPJ11
tyler and aliyah have an annual salary of $105,000 and no company match. they should put $ question blank 1 of 3 in 401k and $ question blank 2 of 3 in roth ira for a total annual investment of $ question blank 3 of 3
In light of the given data, we should ascertain Tyler and Megan's absolute annual investment, their commitments to the 401(k), and their commitments to Roth IRAs.
Tyler and Megan's joined pay is $105,000 each year. Every individual will contribute 15% of their pay, which adds up to:
Tyler's yearly speculation: $105,000 * 0.15 = $15,750
Megan's annual investment: $105,000 * 0.15 = $15,750
Then, how about we decide the amount they ought to add to the 401(k) and Roth IRAs in light of the given guidelines:
The most extreme admissible breaking point on Roth IRAs is $10,000 each year. Since they ought to add to the Roth IRA first, their joined commitment to the Roth IRAs will be:
Tyler and Megan's consolidated commitment to Roth IRAs: $10,000
As there is no organization match program, the leftover part subsequent to financing the Roth IRAs will be allotted to the 401(k). The sum they ought to add to the 401(k) is:
Tyler and Megan's joined commitment to the 401(k): $15,750 - $10,000 = $5,750
To sum up:
Tyler and Megan's all out annual investment: $15,750 + $15,750 = $31,500
Their commitment to the 401(k): $5,750
Their commitment to Roth IRAs: $10,000
Learn more about investment, from:
brainly.com/question/13282171
#SPJ1
Your question is incomplete, probably the complete question is-
Tyler & Megan have a combined income of $105,000 per year. Neither Tyler's or Megan's employers have a matching plan.
Each person will invest 15% of his/her income
If the person has a company match program, invest in the 401k first.
Above the company match, fund the Roth IRAs.
If there is not a company match program, fund the Roth IRA first
Maximum allowable limits on Roth IRAs is $10,000 per year
What is Tyler & Megan's total annual investment?
How much should they contribute to the 401(k)?
How much should they contribute to Roth IRAs?
QUESTION 2 In order for a student to acquire an education, many resources are required. Which of the following educational inputs would economists classify as labor? water, trees, and the acreage a campus rests on chalkboards, computer projectors, and textbooks the work of enrollment center staff and teachers none of the above. QUESTION 3 Of the following, the best example of capital (as the term was defined in class) is the knowledge to program a computer in a computer language. ocean waves used to generate electricity. stocks and bonds issued by 2Big2Fail corporation. machines used to produce a car.
The work of enrollment center staff and teachers is categorized as labor since they are the human resources required to educate and train students in a specific area of study.
In order for a student to acquire an education, many resources are required. Which of the following educational inputs would economists classify as labor? The educational inputs that economists would classify as labor would be "the work of enrollment center staff and teachers.For an educational institution to function smoothly, it requires different resources, such as teachers, chalkboards, textbooks, laboratories, computer projectors, buildings, and the like. Economists, however, classify these resources into one of three categories: capital, labor, or land.
Of the following, the best example of capital (as the term was defined in class) is the knowledge to program a computer in a computer language. Explanation:Capital, in economics, refers to the resources required to produce goods and services in the long term. Capital is divided into two types: physical and human. Capital that can be touched and measured is referred to as physical capital, while capital that can't be touched is referred to as human capital.The best example of capital (as the term was defined in class) is the knowledge to program a computer in a computer language. Human capital includes the abilities and knowledge acquired by an individual as a result of education, training, and experience. In the case of a computer programmer, the knowledge and skills they've acquired through education and training would be considered human capital.
For more question education
https://brainly.com/question/20386031
#SPJ8
it is often argued that managers, when asked to maximize stock price, have to choose between being socially responsible and carrying out their fiduciary duty (maximizing shareholders' wealth). Do you agree? Can you provide an example where social responsibility and firm value maximization go hand in hand? Can you provide an example where a profitable project or an investment ultimately acted as a detriment to a company (e.g. maybe in energy or pharmaceutical Industry)?
The argument that managers have to choose between social responsibility and maximizing shareholder wealth is a subject of debate.
While there may be instances where the pursuit of social responsibility goals conflicts with short-term profit maximization, it is not a universal dichotomy. In fact, there are examples where social responsibility and firm value maximization can align and benefit the company in the long run. Example of alignment: Patagonia, an outdoor apparel company, has embraced social responsibility as part of its core values. They have actively taken steps to reduce their environmental impact, promote fair labor practices, and contribute to social causes. This commitment to social responsibility has not only enhanced their brand reputation and customer loyalty but has also resulted in financial success. Their sustainability initiatives and ethical practices have resonated with consumers who value environmentally and socially responsible products, leading to increased sales and profitability. Example of detrimental investment: One example from the energy industry is the Deepwater Horizon oil spill in 2010, which was a catastrophic environmental disaster for BP. The incident not only caused immense ecological damage but also resulted in significant financial losses for the company. BP faced enormous cleanup costs, legal penalties, and reputational damage. The profitable project of offshore drilling ultimately acted as a detriment to the company due to the severe consequences and liabilities associated with the environmental disaster. It is important to note that while there can be instances where short-term profits may conflict with social responsibility, the long-term sustainability and success of a company are often intertwined with responsible and ethical business practices. Many companies are realizing the value of incorporating social and environmental considerations into their strategies as it can lead to enhanced brand reputation, customer loyalty, and long-term financial performance.
learn more about maximize stock price here:
https://brainly.com/question/30556730
#SPJ11
15 points Save A Good Cinema is the only movie theater in Idaho Falls. The nearest rival movie theater, the Second Cinema is 35 miles away in Pocatello Thus, Good Cinema possesses a degree of market power. Despite having market power, Good Cinema is currently suffering losses. In a conversation with the owners of Good Cinema, the manager of the movie theater made the following suggestions: "Since Good Cinema is a local monopoly, we should just increase ticket prices until we make enough profit. Required: Comment on this strategy.
Increasing ticket prices as a local monopoly may initially boost profits, but it can have negative consequences. Customers may opt for alternative entertainment options.
While increasing ticket prices may seem like a logical strategy to improve profitability for a local monopoly like Good Cinema, it is important to consider the potential consequences. Initially, raising ticket prices may generate higher revenues, especially if customers have limited alternatives. However, this strategy can backfire in a few ways.
Firstly, higher ticket prices may discourage customers from attending movies altogether. If the price increase is significant, people may opt for alternative forms of entertainment, such as streaming services or other recreational activities. This can result in a decline in attendance, reducing the overall revenue generated by Good Cinema.
Secondly, the proximity of the rival theater, Second Cinema, in Pocatello poses a significant risk. If Good Cinema increases ticket prices substantially, it may incentivize customers to travel the 35 miles to Pocatello to watch movies at Second Cinema instead. This would lead to a loss of market share for Good Cinema and further financial losses.
Therefore, while increasing ticket prices may provide short-term gains, it is crucial for Good Cinema to consider the potential long-term impact on customer demand and competition from the nearby rival theater. Alternative strategies, such as enhancing the moviegoing experience, offering special promotions, or diversifying revenue streams, should also be explored to ensure the sustainability and success of Good Cinema.
learn more about customers here:
https://brainly.com/question/31192428
#SPJ11
the balanced scorecard is a unique system of performance measures in that it: (check all that apply.)
The correct options are:
a. has financial and non-financial measures.
b. has multiple perspectives.
c. has a focus on customer satisfaction.
These are three key characteristics that make the balanced scorecard a unique system of performance measures. It incorporates both financial and non-financial metrics, considers multiple perspectives (such as customer, internal processes, learning and growth, and financial), and places a strong emphasis on customer satisfaction as one of the key performance indicators.
To know more about scorecard here:-
https://brainly.com/question/28443455
#SPJ4
The balanced scorecard is a unique system of performance measures in that it:
a. has financial and nonfinancial measures.
b. has multiple perspectives.
c. has a focus on customer satisfaction
Why do countries adjust their balance-of-trade? To depreciate or devalue its currency,an action that makes all of its products more competitive pricewise when compared to foreign products. To bring about lower price increases.in general.than those in other countries To bring about higher price increases,in general,than those in other countries To depreciate or devalue its currency in order for all of its products to be less competitive price-wise when compared to foreign products.
Countries adjust their balance-of-trade to depreciate or devalue their currency, making their products more competitive price-wise compared to foreign products.
When a country wants to boost its exports and make its products more attractive in international markets, it may choose to adjust its balance-of-trade by depreciating or devaluing its currency. This action makes the country's products relatively cheaper when compared to foreign products, leading to increased competitiveness and potentially higher export volumes. By lowering the price of its goods, the country aims to stimulate export growth and reduce the trade deficit. This adjustment can be achieved through various measures, such as implementing monetary policies, controlling exchange rates, or engaging in currency interventions. The ultimate goal is to improve the country's trade balance and promote economic growth by increasing exports.
To learn more about balance-of-trade click here : brainly.com/question/30552848
#SPJ11
full-line discount stores multiple choice
A. offer goods belonging to a single product category.
B. emphasize extensive customer service to maintain customer loyalty. C. offer exclusive designer merchandise. D. combine with a supermarket to make up a warehouse club. E. stock both private labels and national brands.
Full-line discount stores typically stock both private labels and national brands, allowing customers to choose from a wide range of products.
Full-line discount stores are retail establishments that offer a variety of products across different categories at discounted prices. They cater to a wide customer base by providing a diverse selection of goods. One characteristic of full-line discount stores is that they stock both private labels and national brands. Private labels are products produced and branded specifically for the retailer, offering customers a more affordable alternative to well-known national brands. At the same time, these stores also carry national brands that customers recognize and trust. By offering a mix of private labels and national brands, full-line discount stores provide customers with options to suit their preferences and budget. This combination allows customers to find products that meet their needs while still enjoying competitive prices.
Learn more about Full-line discount stores here:
https://brainly.com/question/30169530
#SPJ11
Assume the following consumption schedule: C=20+0.9Y , where C is consumption and Y is disposable income. At a(n) $1.100 level of disposable income, the level of saving is :
Multiple Choice :
a. $18
b. $180 c. $1010
Given the consumption schedule C=20+0.9Y, where C represents consumption and Y represents disposable income, we can calculate the level of saving at a disposable income level of $1,100. Using the consumption schedule, we can determine the level of consumption at $1,100 and then subtract it from the disposable income to find the level of saving.
To find the level of saving at a disposable income level of $1,100, we substitute Y=1,100 into the consumption schedule C=20+0.9Y. Therefore, C=20+0.9(1,100)=20+990=1,010. This means that at a disposable income level of $1,100, the consumption level is $1,010.
To calculate the level of saving, we subtract the consumption from the disposable income: Saving = Disposable Income - Consumption = $1,100 - $1,010 = $90. Therefore, the level of saving at a disposable income of $1,100 is $90.
Thus, the correct answer is (a) $90.
To learn more about disposable income, click here:
brainly.com/question/14732695
#SPJ11
