BUSINESS HIGH SCHOOL

The martin family has a disposable income of $90,000 annually. assume that their marginal propensity to consume is 0.8 (the martin family spends 80% of new disposable income on consumption) and that their autonomous consumption spending is equal to $10,000. what is the amount of the martin family\'s annual consumer spending?

Answers

Answer 1
Answer: 90000$:100%=x$:80%, x*100=90000*80, x=72000$
The Martin family spends 80% of annual income which is 72000$ and their autonomous consumption spending is 10000$.
So Martin's family annual consumer spending is 72000$+10000$=82000$.

Related Questions

HIGH SCHOOL

Corn refiners buy shelled corn and convert it into a variety of products, including high-fructose corn syrup. the refiners then sell these products to companies for use in foods and beverages. based on this information, which sector of the business market is most likely represented by the corn refiners?

Answers

Refiners are in the secondary sector of the market because they are taking inputs and making them into products for consumption.

HIGH SCHOOL

What does douglass say that a slave can or cannot do when accused of not doing their job correctly?

Answers

Im going to whip whip you

HIGH SCHOOL

The interactional framework for analyzing leadership includes: A. followers, leaders, and situations.

B. individuals, groups, and organizations.

C. individual followers, groups, and leaders.

D. first-level supervisors, mid-level managers, and top-level leaders.

Answers

Answer:

The correct answer is letter "A": followers, leaders, and situations.

Explanation:

Leadership is the act by individuals portrait the achievement of goals by eliciting followers to contribute voluntarily in the process regardless of the situation the team as a whole is facing. Leaders reach this by sharing their decision-making, showing commitment to the team's purpose and planning.

So, leadership should be studied in a place where leaders join followers according to the situation they want to face together.

HIGH SCHOOL

When compared with last development countries a higher proportion of people in developed Nations fall into which age group A. infants

B. older than 65

C. children between the ages of 5 and 10

D. of the child-bearing age

Answers

Answer:

The answer is older than 65

Explanation:

gradpoint

Children between ages of 5 and 10.
COLLEGE

Your grandfather made an investment of $4,000 the day you were born, as such starting to earn returns immediately. His assumption is that by investing in the average market, the investment account will earn an annual rate of 6%, which is a historical average. He will continue to make 18 more annual $1,500 deposits into this account for you, assuming you will earn the average 6% every year. Based on the above assumptions, what will be the balance of this account after the initial investment and the 18 annual returns earning the hypothetical 6%?

Answers

Answer:

Explanation:

this problem can be solved applying the concept of annuity, keep in mind that an annuity is a formula which allows you to calculate the future value of future payments affected by an interest rate.by definition the future value of an annuity is given by:

where is the future value of the annuity, is the interest rate for every period payment, n is the number of payments, and P is the regular amount paid

But there is an special thing to keep in mind and is the initial payment so we must to calculate the 4,000 in the future so we have:

HIGH SCHOOL

Assume that the net sales for a company is $5,000, cost of goods sold is $3,000, and average inventory is $1,500. Calculate the number of days' sales in inventory.

Answers

Answer:

182.5 days

Explanation:

Days Sales in Inventory also called 'inventory days' or 'days in inventory; is a ratio used by accountants to calculate the average number of days (considering the entity's present sales effort) it will take to convert its inventory into sales.

Days Sales in Inventory (DSI) is computed by dividing 365 days by inventory turnover. inventory turnover is the ratio of cost of goods sold to average Inventory.

The formula for calculating Days Sales in Inventory (DSI) is given below:

Days Sales in Inventory (DSI) =  

Inventory Turnover                 =  

Cost of goods sold                 =  $3,000

Average Inventory                  =  $1,500

Inventory Turnover                 =  $3,000/$1,500 = 2 times

Days Sales in Inventory (DSI) = 365/2  = 182.5 days                                        

(Days sales in inventory is calculated as 365 days divided by inventory turnover.

Inventory turnover = $960,000

Days Sales in Inventory Formula can be calculated by dividing the ending inventory by cost of goods sold and multiply by 365. Days Sales in Inventory= (Ending Inventory/) x 365.

Days sales of inventory (DSI) is the average number of days it takes for a firm to sell off inventory. DSI is a metric that analysts use to determine the efficiency of sales. A high DSI can indicate that a firm is not properly managing its inventory or that it has inventory that is difficult to sell.

Answer:

182.5 days

Explanation:

Number of days' sales in inventory is the average time it takes an entity to convert inventory into sales.

It is given by the ratio of the average inventory to the cost of goods sold then multiplied by the number of days in the period.

Given;

Cost of goods sold is $3,000 and average inventory is $1,500,

Number of days' sales in inventory = ($1,500/$3,000) × 365 days

Where the number of days in the year is 365.

Number of days' sales in inventory = 182.5 days

COLLEGE

Local Co. has sales of $ 10.4 million and cost of sales of $ 5.9 million. Its​ selling, general and administrative expenses are $ 480 comma 000 and its research and development is $ 1.4 million. It has annual depreciation charges of $ 1.3 million and a tax rate of 35 %.a. What is Local's gross margin? (answer in %, Round to one decimal place.) b. What is Local's operating margin? (answer in %, Round to one decimal place.)
c. What is Local's net profit margin? (answer in %, Round to two decimal places.)

Answers

Answer:

(a) 43.26%

(b) 12.69%

(c) 8.25%

Explanation:

(a) Gross profit:

= Sales - cost of sales

= $10,400,000 - $5,900,000

= $4,500,000

Local's gross margin:

= (Gross profit ÷ Total sales) × 100

= ($4,500,000 ÷ $10,400,000) × 100

= 0.4326 × 100

= 43.26%

(b) Local's operating margin:

= [(Gross profit- selling, general and administrative expenses-Depreciation-Research and development) ÷ Total sales] × 100

= [($4,500,000 - $480,000 - $1,300,000 - $1,400,000) ÷ $10,400,000] × 100

= ($1,320,000 ÷ $10,400,000) × 100

= 0.1269 × 100

= 12.69%

(c) Operating income:

= Sales - cost of sales - selling, general and administrative expenses - Depreciation - Research and development

= $10,400,000 - $5,900,000 - $480,000 - $1,300,000 - $1,400,000

= $1,320,000

Taxes = Operating income × tax rate

          = $1,320,000 × 35%

          = $462,000

Local's net profit margin:

= [(Operating income - Taxes) ÷ Sales] × 100

= [($1,320,000 - $462,000) ÷ $10,400,000] × 100

= ($858,000 ÷ $10,400,000) × 100

= 0.0825 × 100

= 8.25%

COLLEGE

What global market-entry strategy did mary kay use when it entered india?

Answers

The answer is "direct investment in Indias market and joint venture with local businesses".


Joint Venture is a typical type of working together in India. Most foreign direct investments are made in a Joint Venture business. A Joint Venture as the term proposes, is a business assention in which at least two accomplices consent to contribute and co-work towards interests in maintaining a business with a goal of accomplishing the business objective. Joint Ventures might be value based or legally binding. It could include altogether new business or extend officially existing business.  

The global market entry strategy that Mary Kay used when it entered India was the exporting market entry strategy. The priorities of Mary Kay when doing business was God first, family second and career third. In India however it was adapted that faith first, family second and career third.  Mary Kay does this for the purpose of the religion and for the sake of respecting those who practice their religions.


HIGH SCHOOL

Is gross profit or net profit more important to consider when you're deciding how successful and profitable a company is? Why?

Answers

I took the business class last year but if I remember correctly Net profit is more important to consider because even if your net profit is 0, your company is still a success.

Answer:

Net profit is more important to consider when you are deciding how successful and profitable a company is. Net profit takes into account all expenses and what your net profit is.

Explanation:

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