Answer:
Chapter 1 introduces the study of accounting. Accounting is defined as a set of concepts and techniques that are used to measure and report financial information about an economic entity. Accounting consists of both external reporting issues known as “financial accounting,” and internal reporting issues related to “managerial accounting.”
Explanation:
Answer:
Consumption is given.
Investment is also given.
Government spending is $6 billion.
GDP is $25 billion.
National Saving = GDP - Consumption - Government spending
Foreign lending = Savings - Investment
Absorption = Consumption + Investment + Government spending
Net Exports = GDP - Absorption
The relationship/ correlation between Net Exports and Foreign Lending is one that is <u>perfectly positive</u> as both measures are exactly the same.
<span>Assuming that there are 3 shifts per day, that would equate to 1.5 million units per year. Typically the shifts are 7am-3pm, 3pm-11am, and 11am-7am. If using all available shifts, the assembly line would produce 1,500,000 units per year.</span>
<span>The cost that John has to finance is the boat price minus the down payment:
$17,000 - $2,500 = $14,500
That amount is paid by John with a finance cost to add of $4,900 during 60 months.
$14,500 + $4,900 = $19,400 / 60 months = $323,34
Then the monthly payment is: $323,34</span>
