Answer: Real GDP takes into consideration adjustments for changes in inflation. ... The main difference between nominal GDP and real GDP is the adjustment for inflation
Explanation:
Answer: Crater will be bound because of Borg's apparent authority.
Explanation:
Crater Corp. will be bound to the contract since Bo Borg has the apparent authority as the acting Vice President of purchasing. Even though he went over the agreed amount that was over 2 million in the contract. Since the Shady company was unaware that he had exceeded his authority the contract will stay in place. If Shady company had of known that he did not have the final say and needed approval the result of the transaction would of been different.
Answer:
<em>Theory of justice
</em>
Explanation:
A Justice Theory is a 1971 work of John Rawls ' political philosophy and ethics, whereby the writer addresses the problem of distributive justice.
The principle uses a revised sort of Kantian philosophy and a variant form of conventional theory of social contracts.
Answer:
True
Explanation:
The property rights are the rights that are given the authority to use or sell the property resources which fully depend upon the ownership criteria.
It should be legally owned by any person whether such a person is an individual or its a company or government.
The example of the property rights would be intangible or tangible i.e building, patents, land, copyrights, and other intellectual properties.
Answer:
Office Equipment (Debit) 96,000
Accounts Payable (Credit) 96,000
Explanation:
Buffalo Corporation should have made the above stated entry. As the equipment is supposed to start depreciation from the date of purchase (when the asset is available for use as intended by management). Since the corporation intended to take the discount by paying early within the number of days allowed so upon payment the following entry should be made.
Accounts Payable (Debit) 96,000
Purchase Discount Income (Credit) 9,600
Cash (Credit) 86,400
