AAA Heating and Air Conditioning completed 30 jobs last month with a mean revenue of $5,430 per job. The president wants to know the total revenue for the month. Based on the limited information, compute the total revenue.

Answers

Answer 1

Having completed 30 jobs last month with a mean revenue of $5,430 per job, it means that AAA Heating and Air Conditioning has a total revenue of $162,900.

the calculation of total revenue is done by multiplying the number of jobs completed, which is 30, by the mean revenue per job, which is $5,430.

$5,430 x 30 = $162,900

This results in $162,900, which is the total revenue for the month. It's important to note that the mean revenue per job is just an average and may not accurately reflect the exact revenue generated from each individual job. However, if the revenue generated from each job is relatively consistent, the mean revenue per job can be used as a rough estimate of the total revenue.

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Related Questions

list 5 departments of commercial Bank and explaine their functions or roles​

Answers

Answer:

Explanation:1. Retail banking: This department mainly focuses on providing bank services to individual customers such as accounts, loans, credit cards, and financial advice.

2. Corporate banking: this department provides managing bank services for businesses, offering trade finance solutions, and managing cash flow.

3. Investment banking: This department mainly deals with financial advisory services for companies and institutions, including underwriting securities and providing strategic financial advice.

4. Operation and Technology: Handles the banks day to day operations such as customer service. information technology and transaction processing.

5. Risk Management: Focuses on identifying and assessing risks faced by bank such as credit risk, market risk, operation risk and compliance risk they develop rules and regulations to protect the banks assest.

If you wanted to purchase ownership interests in diversified portfolios of investments which type of financial product provider should you contact

Answers

Answer:

mutual fund

Explanation:

Mutual funds are investment plans that involve investors buy shares in a basket of financial securities.  A mutual fund manager pool resources from investors and skillfully invests them in a portfolio comprising stock, bonds, and other short term financial securities. Each unit of a mutual fund is made up of smaller units of equities and financial securities of different companies. The mutual fund manager professionally selects the securities that make up the portfolio.

You make $13.00 Per Hour. You work 40 hrs. a week for 5 weeks this month. Total Hrs. Worked = _____
What is your monthly income? ____

Answers

Answer:

assuming that this month was extraordinarily long, and had more days than any other month in history, you worked a total of 5 x 40 = 200 hours

Also, due to length of the month, you will earn 200 hours x $13 = $2,600

Generally months tend to have between 20-23 labor days

What stock should I buy

Answers

royal carribean cruises are going up, as well as walmart!

While in Chicago for a weekend, Tony's friend suggests that he eat at Michael Jordan's restaurant. Tony is confused as to why Michael Jordan has a restaurant if he isn't a chef. What is likely Michael Jordan's involvement in his restaurant as he is not a chef?

a. He may have financially invested in it, and he has lent his name to the establishment.

b. He is likely learning to cook from the chefs at his restaurant.

c. He likely manages the kitchen on a daily basis.

d. He likely has no involvement, and the owners just used his name.

Answers

A is the correct awnser

While in Chicago for a weekend, Tony's friend suggests that he eat at Michael Jordan's restaurant. Tony

Determine the finance charge on an $8,000 loan with a monthly payment of $162.80 for 60 months.

Answers

Answer:

$1,768.00

Explanation:

We are asked to calculate the finance charge on an $ 8000

Now as there is a monthly payment of $162.80 which is been paid for 60 months.

so, total amount paid=$(162.80×60)=$9768

Now the loan was $8000

Hence the finance charge is the charge that he paid extra along with the loan.

Hence, finance charge= total amount paid- amount of loan

Finance charge=$9768-$8000=$1768

Select the correct answer.
George is ready to launch a designer tie collection under his own brand name. He now has to decide the right market price for his product. What would be the most important factor for George to consider while deciding on the right market price?
A.
the possible uses of the product
B.
the amount the customer can pay
C.
the payment methods used by his customers
D.
the locations at which the customers would buy the product

Answers

George is ready to launch a designer tie collection under his own brand name. He now has to decide the right market price for his product is the possible uses of the product. Thus, option (a) is correct.

The most crucial thing for George to consider when deciding on the correct market price for his designing tie collection is the value his target buyers place on his product.

George must grasp his target market's demands, preferences, and purchase behaviors. He must also evaluate the costs of creating and promoting his goods, the pricing paid by those around him, and the profit margin he desires.

As a result, the significance of the George to consider while deciding on the right market price are the aforementioned. Therefore, option (a) is correct.

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Post-assessment
Question 2 of 10
Which of these is true about social signals?

Answers

The option which is always true about social signals is : "They may have different meanings across cultures."

What are social signals?

Social signals are interactions between social media users and the content you share on your website.

Below are some examples of social signals. Someone shared a link to a page on your site in a public Fac.  ebook post. The post will receive likes, comments and other shares. Social signals are interactions and engagement between people with posts on social media.

Social signals include: Fac.  ebook likes, comments and shares. Tw. itter likes, retw. eets, quotes and conversations.

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Full Question:

Although part of your question is missing, you might be referring to this full question:

Which of these is true about social signals?A. They are always clear and obvious.B. Only peers send them to each other.C. They tell you everything you need to know.D. They may have different meanings across cultures.

calling sweden what is not a factor contributing to the rise of export activity in the word economy g

Answers

Answer: a. United Nations

Explanation:

The United Nations was established primarily to keep the peace in the world through the use of dialogue amongst nations to lay aside their grievances as well as cooperate in moving the planet forward. It also does a lot of humanitarian work to care for the most vulnerable groups in the world.

This means that even though there are organizations created by the UN to improve trade such as the United Nations Conference on Trade and Development (UNCTAD), the mandate of the UN in general is such that it cannot be said to have contributed to the rise of export activity in the world economy.

Raymond is a saver and he has deposited $5,019 in a savings account that pays 8% interest rate per year. If Raymond keeps the
money in the account for 6 years, how much will the money be after 6 years? Round your answer to the nearest two decimal
place and remove the dollar sign.

Answers

Based on the amount Raymond deposited, the amount in the account at the end of 6 years will be $7,964.22.

The account will increase the amount by 8% every year.

In 6 years time, the account would have:

= Initial amount x ( 1 + rate) ^ number of years

= 5,019 x ( 1 + 8%) ⁶

= 7,964.522

= $7,964.52

In conclusion, the account would have $7,964.22.

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Which stage of the product development cycle first involves a deep look into whether the demand is high enough to make the product profitable? A. test market B. financial analysis C. commercialization D. idea evaluation

Answers

Answer:

b

Explanation:

_____is a set of laws about the way a business should behave.
A)Business ethics
B)Company constitution
C)Ethics
D)The Better Business Bureau

Answers

The answer would be A- Business ethics

A company has a beta of 2.91. If the market return is expected to be 16% and the risk-free rate is 8%, what is
the company's risk premium?

Answers

The additional return investors receive over the risk-free rate in exchange for investing in risky assets is known as the risk premium. The company's risk premium will be 24.90%.

What Are the Components of a Risk Premium?

The extra return over the risk-free rate that investors need in order to make up for the increased apprehension associated with hazardous assets is known as the risk premium. Business risk, financial risk, liquidity risk, exchange-rate risk, and country-specific risk are the five key hazards that make up the risk premium.

All five of these risk variables have the potential to lower returns, thus investors must be fairly paid for taking them on. Business risk, financial risk, liquidity risk, exchange-rate risk, and country-specific risk are the five key hazards that make up the risk premium.

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which one of the following institutions is the least regulated? banks, credit unions, savings association, saving banks or finance companies.

Answers

Savings banks and finance companies are the least regulated among these institutions as they are not subject to the same regulations that banks and credit unions are.

The Regulation of Savings Banks and Finance Companies: A Comparison to Banks and Credit Unions

Savings Banks and Finance Companies are the least regulated among these institutions as they are not subject to the same stringent regulations that banks and credit unions are. This is due to the fact that savings banks and finance companies are only required to adhere to the regulations of the state in which they are operating, unlike banks and credit unions, which must comply with the regulations of both the state and the federal government.

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what is different between applied market research and basic market research

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Basic Research or otherwise called as pure or fundamental research, is one that focuses on advancing scientific knowledge for the complete understanding of a topic or certain natural phenomenon, primarily in natural sciences. In a nutshell, when knowledge is acquired for the sake of knowledge it is called basic research.

Applied Research can be defined as research that encompasses real life application of the natural science. It is directed towards providing a solution to the specific practical problems and develop innovative technology.

While basic research aims at expanding knowledge by creating new theories and modifying existing ones, applied research is focused on providing practical solutions to specific problems by analyzing empirical evidence.
Basic market research is basically scientific knowledge, something you know based on information. Applied market research is digging deeper into the problem and looking for solutions.

While going into a forest and clear-cutting all of the trees may not be environmentally friendly, it is very efficient and less than sustainable practices.

1.) damaging
2) dangerous
3.) effective
4.) expensive

Answers

clear-cutting all of the trees damaging and dangerous practice, hence the correct options are 1 and 2.

What is deforestation?

Deforestation, also known as forest clearance, is the removal of a forest or tree stand from land before it is put to another use other than that of a forest.

Conversion of forest land to farms, ranches, or urban use is a form of deforestation. Tropical rainforests are where deforestation is most prevalent.

Forests have been cleared throughout history and into the modern era to make room for agriculture and animal grazing as well as to obtain wood for fuel, manufacturing, and construction.

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Refer to the table. If demand is represented by columns (3) and (1) and supply is represented by columns (3) and (4), equilibrium price and quantity will be.(The graph and answers for the question is in the picture below)
$9 and 60 units.
$10 and 60 units.
$8 and 80 units.
$8 and 60 units.
$9 and 70 units.

Refer to the table. If demand is represented by columns (3) and (1) and supply is represented by columns

Answers

If demand is represented by columns (3) and (1) and supply is represented by columns (3) and (4), equilibrium price and quantity will be option A: $9 and 60 units.

Why is the above at equilibrium price and quantity?

Demand and supply forces are balanced at an equilibrium price. Prices have a propensity to return to this equilibrium unless certain demand or supply characteristics alter. When demand, supply, or both move or change, the equilibrium price will be altered.

Therefore, The quantity supplied exceeds the quantity required when the price is above the equilibrium market price because suppliers will be willing to supply more at that price and consumers will be willing to buy less at that price.

Looking at the table, you will see that the quantity demanded at  $9 was the quantity supplied (60 units), hence it is at the equilibrium.

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Questionl G1 1. Various options are provided as possible answers to the following questions. Write down the question number choose the answer (e.g. 1.1. B). Choose the correct letter with the correct answer. For example, 1.1 E 1.1 An increase in the price of a product will lead to a/an... demanded. A. Increase in supply B. Increase in demand C. Decrease in quantity. D. Increase in quantity 1.2 A table that shows the quantity of goods and services bought at a different prices. A. Demand schedule. B. Demand curve. C. Supply curve. D. Quantity demanded. occurs when producers are willing and able to produce 1.3. A(n) a greater quantity of an item or service at each price. A. Increase in supply. B. Increase in demand. C. Decrease in demand. D. Decrease in supply 1.4. According to the law of demand, there is a between price and quantity demanded. A. Positive. B. Direct. C. Negative. D. Non-existing relationship (4x2)(8)​

Answers

The answrs to the questions are"

1.1 B - Increase in demand1.2 A - Demand schedule1.3 D - Decrease in supply1.4 C - Negative

How to answer the questions


1.1 - An increase in the price of a product will lead to a/an... demanded.

The correct answer is B. Increase in demand.

Explanation: When the price of a product increases, it typically leads to a decrease in the quantity demanded, not an increase. This is because consumers tend to buy less of a product as its price rises.

1.2 - A table that shows the quantity of goods and services bought at different prices.

The correct answer is A. Demand schedule.

Explanation: A demand schedule is a table that lists the various quantities of a good or service that consumers are willing to purchase at different price levels.

1.3 - A(n) a greater quantity of an item or service at each price.

The correct answer is D. Decrease in supply.

Explanation: A decrease in supply means that producers are willing and able to produce a lesser quantity of an item or service at each price level.

1.4 - According to the law of demand, there is a between price and quantity demanded.

The correct answer is C. Negative.

Explanation: The law of demand states that as the price of a product increases, the quantity demanded by consumers decreases, and vice versa. This inverse relationship between price and quantity demanded is negative.

(4x2)(8) - This is an arithmetic expression and not directly related to the previous questions. The expression simplifies to 64, which is the result of multiplying 4 by 2 and then multiplying the result by 8.

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Which program has a budget that Congress can change significantly each
year?

Answers

The education program has a budget that Congress can change significantly each year.

Why can U.S. Congress change the education program significantly each year?

The Congress has power to change U.S. education program significantly each year because the education system is largely a state and local responsibility, but the federal government only provides the funding and sets guidelines for how that funding can be used.

The congress controls the states' federal budget and can decide how much money is allocated on education programs and what funding priorities are. As well, it can pass laws like Every Student Succeeds Act (ESSA), which set standards for student achievement, teacher quality, and school accountability.

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Can independence in fact or independence in appearance stand alone?

Answers

Independence in fact is the foundation that gives substance and meaning to a person's independence, while independence in appearance focuses on the external projection of independence

Distinction between independence in fact and independence in appearance

Independence in fact: This refers to a person's actual ability to make decisions, take action, and manage their own affairs without relying heavily on others.

Independence in appearance: This pertains to how independent a person appears or is perceived by others. It focuses on the external manifestations

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What was the opening price of Coca-Cola on Jan 1, 1962?

Answers

Answer:

I'm not 100 %sure but but I think 49 cents

Answer:

6.5 oz glass

Explanation:

a pharmacist and former confederate soldier produced the first Coca cola syrup on May 1886. Although most soda fountain drinks cost seven or eight cents at the time(for a 6.5 oz glass)

The following graph input to live shows the daily demand for hotel rooms at the lakes hotel and casino in Atlantic City, New Jersey. To help the hotel management, better understand the market, and economic, just identify the three primary factors that affect the demand for rooms each night. These demand factors, along with the values corresponding to the initial demand curve, are shown in the following table and alongside the graph input tool.

Demand factor: average American household income
initial value : $40,000 per year
Demand factor : round trip airfare from New Orleans (MSY) to Atlantic City (ACY)
Initial value: $200 per round trip
Demand factor: room rate at the mountaineer hotel and casino, which is near the lakes
Initial value: $200 per night

If average household income increases by 50%, from $40,000-$60,000 per year, the quantity of rooms demanded at the Lakes (falls/rises) from __ rooms per night to ___ rooms per night. Therefore, the income elasticity of demand is (negative/positive) , meaning that hotel rooms at the lakes are (a normal good/ inferior good).

If the price of a room at the Mountaineer were to decrease by 20%, from $200-$160, while all other demand factors remain at their initial values, the quantity of rooms demanded at the lakes (falls/rises) from __ rooms per night to ___ rooms per night. Because the cross price elasticity of demand is (negative/positive), hotel rooms at the Lake and hotel rooms at the Mountaineer are (complements/substitutes).

Lakes is debating decreasing the price of its rooms to $275 per night. Under the initial demand conditions you can see that this would cause its total revenue to (decrease/increase) . Decreasing the price will always have this effect on revenue when lakes is operating on the (elastic/inelastic) portion of its demand curve.

The following graph input to live shows the daily demand for hotel rooms at the lakes hotel and casino

Answers

The factors that affect the demand for rooms each night are:-

Price of the roomsIncome of the consumerchanges in taste and fashion

What is demand?

In economics, demand is the amount of a good that consumers are willing and able to buy at various prices at any given time. The demand curve is the relationship between price and quantity demand.

If average household income increases by 50%, from $40,000-$60,000 per year, the quantity of rooms demanded at the Lakes rises from $300 rooms per night to $400 rooms per night. Therefore, the income elasticity of demand is positive meaning that hotel rooms at the lakes are normal good.

If the price of a room at the Mountaineer were to decrease by 20%, from $200-$160, while all other demand factors remain at their initial values, the quantity of rooms demanded at the lakes rises from $300  rooms per night to $350 rooms per night. Because the cross price elasticity of demand is negative, hotel rooms at the Lake and hotel rooms at the Mountaineer are complements.

Lakes is debating decreasing the price of its rooms to $275 per night. Under the initial demand conditions we can see that this would cause its total revenue to decrease. Decreasing the price will always have this effect on revenue when lakes is operating on the elastic portion of its demand curve.

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What appeals to you about photography? Is it the creative process of setting up
photographs? Or are you more interested in the various functions and settings that you
can control with your camera? Explain and discuss what aspects of photography
interest you and why, as well as what, you are interested to learn more about.

Answers

As was already mentioned, image appeal in photography can be summed up as the interest that a photograph arouses in viewers other than the photographer. The adjective "appealing" is typically defined in the American Heritage Dictionary (2005) as being lovely or beautiful.

In terms of creativity and idea exploration through photos, photography is a sort of art, but in order to produce truly excellent images, you must set up a strategy for your personal growth that is particularly focused on your abilities, motivation, purpose, and output.

Ensuring that there is a balance and that your photographs are not susceptible to underexposure or overexposure in order to create great images.

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_____ refers to how people act when they're purchasing products to use either directly or indirectly to produce other products.

Answers

Business Buyer Behavior

Business Buyer behavior describes how people act when they are buying products to use either directly or indirectly to produce other products.

suppose promoters of xyz music concerts knows that if they charge 400birr pertcket 2000 people would buy thetickets for conserts and if charge 200birr perticket 4000 people would by tickets over this pirce range A, find pirce elasticity of damand B, uhat types of price elasticity of damand​

Answers

A.Price Elasticity of Demand is 1.

B.In other words, the increase or decrease in the quantity demanded is directly proportional to the change in price.


To calculate the price elasticity of demand, we can use the formula:

Price Elasticity of Demand = Percentage Change in Quantity Demanded / Percentage Change in Price

A. Calculating the percentage change in quantity demanded:

Change in Quantity Demanded = 4000 - 2000 = 2000

Average Quantity Demanded = (4000 + 2000) / 2 = 3000

Percentage Change in Quantity Demanded = (Change in Quantity Demanded / Average Quantity Demanded) * 100

                                = (2000 / 3000) * 100

                                ≈ 66.67%

Next, let's calculate the percentage change in price:

Change in Price = 400 - 200 = 200

Average Price = (400 + 200) / 2 = 300

Percentage Change in Price = (Change in Price / Average Price) * 100

                         = (200 / 300) * 100

                         ≈ 66.67%

Now, we can calculate the price elasticity of demand:

Price Elasticity of Demand = Percentage Change in Quantity Demanded / Percentage Change in Price

                         = 66.67% / 66.67%

                         = 1

B. Since the price elasticity of demand is equal to 1, it indicates unitary price elasticity of demand. This means  In other words, the increase or decrease in the quantity demanded is directly proportional to the change in price.

This suggests that consumers are highly responsive to price changes, and a small increase or decrease in price can lead to an equivalent change in the number of tickets sold.

that the demand for tickets is perfectly elastic within this price range.

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Smores Co. Smores Co. produces and sells many camping products. The company has just opened a new plant to produce a cushy sleeping bag that will be marketed throughout the United States. The following cost and revenue data relate to May, the first month of the plant's operation: Beginning inventory 0 Units produced 47,000 Units sold 42,000 Selling price per unit $81 Selling and administrative expenses: Variable per unit $2 Fixed (total) $561,000 Manufacturing costs: Direct materials cost per unit $17 Direct labor cost per unit $8 Variable manufacturing overhead cost per unit $4 Fixed manufacturing overhead cost (total) $846,000 Management is anxious to see how profitable the new camp cot will be and has asked that an income statement be prepared for May. Assume that the company uses absorption costing. 1) What is the unit product cost

Answers

Answer:

$29

Explanation:

Smores corporation produces and sells many camping products

The following data was recorded during its first month of operation

Selling price per unit= 42,000

Selling and administrative expenses= $81

Units produced = 47000 units

Variable per unit= $2

Total= $561,000

Manufacturing costs

Dirct materials= $17

Direct labor= $8

Variable manufacturing overhead= $4

Therefore the unit of product cost can be calculated as follows

= Direct material + direct labor + variable manufacturing overhead

= $17 + $8 + $4

= $29

Hence the unit of product cost is $29

Which type of team rarely has the
authority to unilaterally implement
any of their suggestions?
= Problem-Solving Teams ​

Answers

Explanation:

Problem-Solving Teams is the right one hahahahahahahabaha

00 For Market failures means that the market has not achieved its optimum production outcome. This means that it has not produced the correct quantity of goods and services. QUESTION 1 Conduct a research to any small business that is manufacturing goods in your community. Make an appointment to interview the owner for the purpose of collecting the information using the questionnaire below. 1.1 General information: ● Name of the firm / business Specify the type of goods or service ● ● Position of the person interviewed ● Date of the interview 1,2 Explain briefly the negative impact the following factors have in your business. (10) Lack of information: ● Price discrimination Immobility of factors of production with special reference to: Physical capital Structural changes ● ● (1) ● (1) (1) (1) [14] QUESTION 2: Interview 3-4 community members that reside near the business you have visited. 2.1 Ask them to name any TWO negative externalities and TWO positive externalities caused by the local business, (2 x 2) (4) 2.2 Request them to list any TWO characteristics of public goods. (2 x 1) (2) 2.3 Use the negative externality and positive externality graphs to explain the impact this business have to the society (10) [16]​

Answers

The first step in researching a small business in your neighborhood is to find a suitable nearby manufacturing company.

Once you do, contact the manager or owner to arrange an interview. Gather general information during the interview, such as the name of the company or business, what types of products or services they provide, the interviewer's position, and the time and date of the interview.

Then, focus on the detrimental effects different situations can have on the company. Briefly describe the impact on business of informational gaps, price discrimination, immobility of production variables (with a focus on physical capital), and structural changes.

Interview three to four locals who live close to the establishment you just visited. Ask them to list two unfavorable and two beneficial externalities brought about by the neighborhood business. Ask them to add two properties of public goods to the list as well.

Finally, use the data from the interviews to create graphs showing the positive and negative externalities of business on society. These infographics will graphically describe the costs and benefits that the company's neighborhood has.

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Presented below are a number of balance sheet accounts of Deep Blue Something, Inc. For each of the accounts below, indicate the proper balance sheet classification.
Balance Sheet Accounts
Balance Sheet Classification
(a) Investment in Preferred Stock.
Presented below are a number of balan Current AssetCurrent LiabilityProperty, Plant, and EquipmentRetained EarningsShareholders’ Equity
(b) Treasury Stock.
Presented below are a number of balan Current AssetCurrent LiabilityProperty, Plant, and EquipmentRetained EarningsShareholders’ Equity
(c) Common Stock.
Presented below are a number of balan Current AssetCurrent LiabilityProperty, Plant, and EquipmentRetained EarningsShareholders’ Equity
(d) Dividends Payable.
Presented below are a number of balan Current AssetCurrent LiabilityProperty, Plant, and EquipmentRetained EarningsShareholders’ Equity
(e) Accumulated Depreciation-Equipment.
Presented below are a number of balan Current AssetCurrent LiabilityProperty, Plant, and EquipmentRetained EarningsShareholders’ Equity
(f)(1) Construction in Process (Constructed for another party).
Presented below are a number of balan Current AssetCurrent LiabilityProperty, Plant, and EquipmentRetained EarningsShareholders’ Equity
(f)(2) Construction in Process (Constructed for the use of Deep Blue Something, Inc.).
Presented below are a number of balan Current AssetCurrent LiabilityProperty, Plant, and EquipmentRetained EarningsShareholders’ Equity
(g) Petty Cash.
Presented below are a number of balan Current AssetCurrent LiabilityProperty, Plant, and EquipmentRetained EarningsShareholders’ Equity
(h) Interest Payable.
Presented below are a number of balan Current AssetCurrent LiabilityProperty, Plant, and EquipmentRetained EarningsShareholders’ Equity
(i) Deficit.
Presented below are a number of balan Current AssetCurrent LiabilityProperty, Plant, and EquipmentRetained EarningsShareholders’ Equity
(j) Equity Investments (trading).
Presented below are a number of balan Current AssetCurrent LiabilityProperty, Plant, and EquipmentRetained EarningsShareholders’ Equity
(k) Income Taxes Payable.
Presented below are a number of balan Current AssetCurrent LiabilityProperty, Plant, and EquipmentRetained EarningsShareholders’ Equity
(l) Unearned Subscription Revenue.
Presented below are a number of balan Current AssetCurrent LiabilityProperty, Plant, and EquipmentRetained EarningsShareholders’ Equity
(m) Work in Process.
Presented below are a number of balan Current AssetCurrent LiabilityProperty, Plant, and EquipmentRetained EarningsShareholders’ Equity
(n) Salaries and Wages Payable.
Presented below are a number of balan Current AssetCurrent LiabilityProperty, Plant, and EquipmentRetained EarningsShareholders’ Equity

Answers

Answer

S/N   Balance Sheet Accounts            Balance Sheet Classification

(a)  Investment in Preferred Stock     Current Asset

(b)  Treasury Stock                              Shareholders’ Equity

(c)  Common Stock                              Shareholders’ Equity

(d)  Dividends Payable                         Current Liability

(e)  Accumulated Depreciation           Property, Plant, and Equipment

     -Equipment  

(f)-1 Construction in Process                 Current Assets

      (Constructed for another party).  

(f)-2 Construction in Process                Property, Plant, and Equipment

     (Constructed for the use of Deep Blue Something, Inc.).

(g)    Petty Cash.                                    Current Assets

(h)    Interest Payable                            Current Liability

(i)     Deficit                                             Retained Earning

(j)     Equity Investments (trading)         Current Assets

(k)    Income Taxes Payable                   Current Liability

(l)     Unearned Subscription Revenue  Current Liability

(m)   Work in Process                              Current Assets

(n) Salaries and Wages Payable         Current Liability

If a country's economic data show private savings (S) of $9 billion, government spending (G) of $7 billion, tax revenue (T) of $7 billion, and a trade surplus (X-M) of $3 billion, then what does private investment (I) equal?

Answers

Answer:  $6 billion

Explanation:

Savings = Private Investment + Trade Surplus - (Tax revenue - Government spending)

Private Investment = Savings + (Tax revenue - Government spending) - Trade surplus

= 9 + ( 7 - 7 ) - 3

= $6 billion

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