Answer:
The correct answer is:
True
Explanation:
The business cycle is a model that let see how the GDP of a country changes through time. Business cycle is classified in four different stages peak, trough, contraction, and expansion. These kind of fluctuations normally occur in the trade, production and all the economic activity of a country. The business cycle refers to the changes or fluctuations that can be experienced in the economic model measured by the GDP (Gross Domestic Product) and it is reflected in the increases or decreases in economy.
Answer:
the depreciation expense of the year 2020 is $18,870
Explanation:
The computation of the depreciation expense of the year 2020 is as follows:
= (Truck value - salvage value) ÷ (useful life) × (driven miles)
= ($109,700 - $4,200) ÷ (123,000 miles) × (22,000 miles)
= $18,870
Hence, the depreciation expense of the year 2020 is $18,870
Answer: bro why would you eat a grasshopper
Explanation:
kinda sus ngl
$15.00 .....this sentence is just filler because $15.00 is too short.
Answer:
$750
Explanation:
The formula for determination of beginning inventory is given below:
Cost of goods sold=opening inventory+purchases-closing inventory
Cost of goods sold=$2,000
Purchases=$2,250
closing inventory=$1,000
Opening inventory=Cost of goods sold+closing inventory-purchases
=2,000+1,000-2,250
=$750
