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3 years ago

GDP would include all of the following except:

Business

1 answer:

algol133 years ago

3 0

Answer:

The correct answer is the option C: tips earned but not reported by a waitress at an upscale restaurant.

Explanation:

To begin with, the Gross Domestic Product or GDP comprehends in economic terms the monetary measure of the market value of all the final goods that an economy produces in a certain amount of time. Moreover, this measure is formed by different variables that are the consumption, investment, government spending and net exports. And in that scenario, all the of the cases presented will be included in the GDP of the economy except the tips that are not reported due to the fact that those earnings will figured as out of the circular flow of economy as it will represent a leak, a filtration of the system.

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In 2022, internal auditors discovered that Axel Corp., had debited an expense account for the $2,090,000 cost of a machine purch

antoniya [11.8K]

Answer:

Debit Depreciation expense $570,000

Credit Accumulated depreciation $570,000

(To record the accumulated depreciation for 3 years)

Explanation:

Using a Straight-line depreciation method, depreciation expense = (Cost - Salvage value)/Estimated useful life

Depreciation expense = $2,090,000 / 11 years = $190,000 yearly

We would assume that the internal auditors detected the error at the beginning of Year 2022, so the accumulated depreciation for 3 years (Jan 2019 - Dec 2021) would be $190,000 x 3 years = $570,000

The following correctional entries will apply:

Debit Fixed asset - Machine $2,090,000

Credit Expense account $2,090,000

(To appropriately record the purchase of machine)

The required adjustment fot the accumulated depreciation is recorded above under the answer section.

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3 years ago

A natural monopoly, such as a local electricity provider, is the result of: i. a firm owning or controlling a key input used in

Leni [432]

A natural monopoly, such as a local electricity provider, is the result of long run average total costs declining continuously as output increases. The correct option among all the options that are given in the question is option "3". The initial cost of power generation and power distribution cost is high. Once the generation starts and the number of consumer increases, the average cost starts declining.

7 0

3 years ago

Bezakan tiga ciri antara Tarif dengan kuota

jek_recluse [69]

Itulah perbezaan antara tarif dan kuota.

Maaf lah bila tak saya tulis kat sini, sebab tak boleh hantar jawaban.

Semoga membantu dan bermanfaat :)

3 0

3 years ago

An ____________________ makes you distinctive, helping you differentiate yourself from rivals.

zloy xaker [14]

An order winners makes you distinctive, helping you differentiate yourself from rivals.

<h3>What is Order winners?</h3>

Order winners can be defined as the process that make standard out or unique making more customers to be attracted to your product.

Customers tend to often look at price ,product quality before determining whether the buy a product or not, based on the order winner gives you competitive advantages as it drawn customers to your product.

Therefore An order winners makes you distinctive, helping you differentiate yourself from rivals.

Learn more about order winners here:brainly.com/question/14755245

#SPJ1

8 0

2 years ago

Rolette Clemens is a financial institution that provides loans to businesses. It rejects a textile company's request for a loan

Kamila [148]

Answer:

Balance sheet

Explanation:

Balance sheet: In the balance sheet, the assets, liabilities, and stockholder equity is recorded. In this the accounting equation is used which is shown below:

Total assets = Total liabilities + stockholder equity

The debit and credit side of the balance sheet should always be equal and balanced.

Moreover, it always is prepared on the specified date.

It analyzes the financial profitability, position, performance of the business organization

4 0

3 years ago