Answer:
The correct answer is:
$17 trillion.
Explanation:
The Gross Domestic Product or GDP represents the overall market value of all the goods and services a country produces and it measures the size of the economy. The GDP is determined with the following formula:
GDP = C + G + I + NX
where:
- C: private consumption or consumer spending
- G: government spending
- I: businesses' capital spending
- NX: net exports (exports - imports)
In the example:
GDP = $3 trillion + $10 trillion + $4 trillion = $17 trillion
Answer: Modeling
Explanation: Alex is modeling the behavior of others on the dining table to know the right flatware to use because he isn't sure of the correct one to use.
Modeling someone's behavior means to observe their behavior and trying to imitate them.
Answer:
Dr Bond investment $50,000
Cr cash $50,000
Dr cash $1,250
Cr interest revenue $1,250
Dr cash $50,000
cr bond investment $50,000
Explanation:
On July 1 2019,Red company would have parted with cash of $50,000 which means that cash account should be credited with $50,000 while bond investment account is debited with same amount
On receipt of first interest payment of $1,250 (5%*$50,000*1/2) cash is debited with $1,250 while interest revenue is credited with the same amount.
Upon receipt of face value at redemption,the journal entry would be opposite of the initial one
Which of the following terms is a general description for a group of crimes?
A) Robbery
B) Larceny
C) Burglary
<u>D) Theft</u>
Answer:
Sales Revenue - Inconsistent
Cost of Goods Sold - Inconsistent
Commission - Consistent
Shipping expense - Inconsistent
Bad debt expense - Unexplained
Salaries - Consistent
Lease of distribution center - Consistent
Depreciation of fleet and equipment - Inconsistent
Advertising - Consistent
Office rent, Phone, Internet - Inconsistent
Explanation:
The increase in selling price will result in change in the revenue figure. The cost of distribution is increased due to handling the addition volume. This will result in an increase in shipping expense and cost of goods sold. Salaries and commission of the staff will remain consistent as there will be no change due to increase of selling price.
