1. Divide price by quantity:
6/5 = 1.20 each
2. 3/2 = 1.50 each
3. profit/ loss = sold - purchased price
1.50 - 1.20 = 0.30 profit
True, the employer and employee will have to contribute to F.I.C.A and the Medicare program.
Answer:
A.
Explanation:
The cost principle means that in accounting, any transaction is recorded at the historical purchase price.
A fair value is the amount at which an asset could be exchanged in an arm´s length transaction between knowledgeable and willing parties.
Revaluation of fixed assets is not allowed for GAAP.
An appreciated value is an increase in the value of an asset over time.
A market value is the price at which a product or service could be sold in a competitive, open market.
Answer: strategic pillars: content, data, and execution
Explanation:
Answer:
a. Janice must adjust the total value 2018 GDP for inflation.
Explanation:
Gross domestic product is defined as the amount of goods and services produced by a country in a particular period. It is a measure of economic growth of the country.
Real GDP is calculated from GDP by adjusting for inflation of deflation. Real GDP gives a more clear picture of the economy since it considers the reality of inflationary effect on prices.
For example when prices go up and GDP is used, it will seem the country is producing more. Which is a wrong assumption.
Real GDP give a more accurate insight into a countrie's productivity.
