Bills income is $4,000. He spends $3,000 on consumption and $300 on an investment in a newly
Question:
Bill’s income is $4,000. He spends $3,000 on consumption and $300 on an investment in a newly constructed house. He acquires $700 in financial assets. What is his saving? What is the amount of surplus funds he has available to lend?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
Bills savings is the difference between his income and his expenses His ex...View the full answer
Answered By
Pushpinder Singh
Currently, I am PhD scholar with Indian Statistical problem, working in applied statistics and real life data problems. I have done several projects in Statistics especially Time Series data analysis, Regression Techniques.
I am Master in Statistics from Indian Institute of Technology, Kanpur.
I have been teaching students for various University entrance exams and passing grades in Graduation and Post-Graduation.I have expertise in solving problems in Statistics for more than 2 years now.I am a subject expert in Statistics with Assignmentpedia.com.
4.40+
3+ Reviews
10+ Question Solved
Related Book For
Financial System Of The Economy Principles Of Money And Banking
ISBN: 9780765622464
5th Edition
Authors: Maureen Burton,Bruce Brown
Question Posted:
Students also viewed these Business questions
-
Ritz & Co., CPAs is a professional services firm located in Makati City that offers broad range of services to its clients including audit and assurance, tax services, and advisory and...
-
The IASB Web site (www.iasb.org) summarizes each of the current International Financial Reporting Standards. Required: Answer each of the following questions. a. In measuring inventories at the lower...
-
The directors of Chekani plc, a large listed company, are engaged in a policy of expansion. Accordingly, they have approached the directors of Meela Ltd, an unlisted company of substantial size, in...
-
M/s Active Builders Ltd. invested in the shares of another company (with an intention to hold the shares for short term period )on 31st October, 2016 at a cost of Rs.4,50,000. It also earlier...
-
When preparing a cash flow statement, what is the target number?
-
McKay Disc Golf Course was opened on March 1 by Evan McKay. The following selected events and transactions occurred during March. Mar. 1 Invested $20,000 cash in the business. 3 Purchased Sables Golf...
-
The transactions for Crazy Curlz, Inc., for the month of June 2010 have been posted to the accounts as follows: Requirements 1. Prepare the journal entries that served as the sources for the six...
-
A soft drink (mostly water) flows in a pipe at a beverage plant with a mass flow rate that would fill 220 0.355-L cans per minute. At point 2 in the pipe, the gauge pressure is 152 kPa and the...
-
1. Annie has decided to start her own recording studio. To purchase the necessary equipment, Annie withdrew $16,000 from her savings account, which was earning 2.25% interest, and borrowed an...
-
A firm spends $100,000 on investment in plant and equipment. It has available funds of $30,000 and borrows the additional funds from a bank. Is the fi rm a net borrower or a net lender? What is the...
-
Is each of the following an example of direct or indirect financing? a. John purchases stock from the biotech firm that employs him. b. Mary purchases a newly issued government security. c. John...
-
Explain the quantity will be larger than the economic order quantity.
-
What are trophic levels? How many trophic levels can a foodchain have?
-
Nuclear decay (a) If the activity of a 111 Ag sample were 2552 Bq and after 120.5 minutes its activity had dropped to 1636 Bq, what is the half-life of 111 Ag in minutes ? (b) What would be the...
-
Identify business processes that are currently run manually in a company and that can benefit from innovative use of data analytics. Also mention the type of data analytics which can be used for each...
-
Describe function and state where found Pseudostratified Columnar Epithelium 4. Why is this tissue said to be pseudostratified? cha Stratified Squamous Epithelium 5. Describe where fou
-
b) Draw a resource profile (histogram) following the scenarios below and determine how to level the resources. Give your comments on the resource profile. i) ii) Only 10 labourers available at any...
-
The bookkeeper of Rollins Legal Services included the cost of a new computer, purchased on December 30 for $5,000 and to be paid for in cash in January, as an operating expense instead of an addition...
-
Evaluate each logarithm to four decimal places. log 0.257
-
In the current year, Wilson Enterprises, a calendar year taxpayer, suffers a casualty loss of $90,000. How much of the casualty loss will be deductible by Wilson under the following circumstances? a....
-
Benton Company (BC) has one owner, who is in the 33% Federal income tax bracket. BCs gross income is $395,000, and its ordinary trade or business deductions are $245,000. Compute the Federal income...
-
In the current year, Tanager Corporation (a C corporation) had operating income of $480,000 and operating expenses of $390,000. In addition, Tanager had a long-term capital gain of $55,000 and a...
-
Capital Maintenance and Alternatives to Historical Cost Accounting Question 1 On 1 January, Saia Ltd started a business which buys and sells chairs. He had $450,000 with him that he used to buy 9,000...
-
The objective of 'crashing' is to reduce the time of a project at an acceptable additional cost. For this assignment, determine all possible paths using the information contained in the chart....
-
On January 1, 2024, Canseco Plumbing Fixtures purchased equipment for $54,000. Residual value at the end of an estimated 7 year service life is expected to be $26,000. The company expects the...
Study smarter with the SolutionInn App