This is true because you have to know what the other person is talking about. ;)
Answer:
$133,000
Explanation:
We can find Pete's total contribution to GDP by adding up the following numbers:
$87,000 worth of pizzas - because finished goods are part of GDP
$39,000 paid to employees - because wages are part of GDP
$5,000 paid in taxes - taxes are part of GDP because they are government revenue
$2,000 of inventories at the end of year - end-of-year inventories are included in GDP
Therefore: $87,000 + $39,000 + $5,000 + $2,000 = $133,000
the $11,000 worth of ingredients are not included in GDP because GDP only accounts for finished goods and services.
Answer:
There is not gain in this operation so the answer is $0
Explanation:
There are some journal entries that needs to be done to have a full picture of the statement
* Purchase
Fixed Assets 690.000
Cash 690.000
* Monthly depreciation
Since, the FA was depreciated during 8 years. Firstly you have to calculate the amount that can be depreciate on a monthly basis
Amount to be depreciated = (Cost of the FA - Salvage value) = (690.000-48.600) = 641.400
Then calculate the yearly depreciation
Yearly depreciation = ((amount to be depreciated/useful life) * years used) =
(641.400/10*8) = 513.120
then the journal entry to record the monthly depreciation for 8 years is
Depreciation expense 513.120
Acc Depreciation 513.120
* Post the Journal Entry to record the sell of FA
You have to reverse the Acc Depreciation and credit the FA
Cash 152.500
Fixed assets 690.000
Acc depreciation 513.120
Loss on sale of FA 24.380
One of the main reason is He <span>Knocked out in one of the games during high school. Grange remained unconscious for two days after the blow and started to experience difficulity in speaking. This make his career became really blurry and none of the team want to sign him. In the end, he had to make his own team.</span>
Answer:
Shows the output that is produced using different combinations of inputs combined with existing technology
Explanation:
The production function is an <u>expression that links the different amount of inptuts used in the production process and the final output obtained with each combination of inputs, with a given tehcnology.</u>
As an example, if a economy produces only popcorn, a production function would be an expression that shows hou much popcorn that economy can produce with different combinations of corn and sugar, with a given technology.
