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Montano1993 [528]
3 years ago
13

"in a small european​ country, it is estimated that changing the level of capital from​ $8 million to​ $10 million will increase

real gdp from​ $2 million to​ $3 million. what level of gdp would you expect the economy to be able to reach if spending on capital continued to rise to​ $12 million, assuming no technological change and no change in the hours of​ work?"
Business
1 answer:
lawyer [7]3 years ago
6 0
I think it’s 12mill I think
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On April 30, 2017, Tilton Products purchased machinery for $88,000. The useful life of this machinery is estimated at 8 years, w
Dmitriy789 [7]

Answer:

$6,666.67 and $10,000

Explanation:

The computation of the depreciation expense for the year 2017 and 2018 is shown below:

= (Original cost - residual value) ÷ (useful life)  

= ($88,000 - $8,000) ÷ (8 years)  

= ($80,000) ÷ (8 years)  

= $10,000

Since the machinery is purchased on April 30 and we assume the books are closed on December 31 so the number of months calculated is 8 months

Therefore for the year 2017 the depreciation expense is

= $10,000 × 8 months ÷ 12 months

= $6,666.67

And, for the year 2018 the depreciation expense is same i.e $10,000

6 0
3 years ago
The conferences were scheduled for; October 1, November 1, and December 1. The conferences were scheduled for: October 1, Novemb
ololo11 [35]

Complete Question: in order

<em>Identify which option in the following groups is punctuated correctly</em>

1.

a. The conferences were scheduled for; October 1, November 1, and December 1.

b. The conferences were scheduled for: October 1, November 1, and December 1.

c. The conferences were scheduled for October 1, November 1, and December 1.

2

a. Working for a larger company has its advantages; consequently I have decided to stay here another year.

b. Working for a larger company has its advantages consequently, I have decided to stay here another year.

c. Working for a larger company has its advantages; consequently, I have decided to stay here another year.

3

a. The meeting started at noon: it lasted until late in the evening.

b. The meeting started at noon; it lasted until late in the evening.

c. The meeting started at noon, it lasted until late in the evening.

4

a. The company meeting is this afternoon; therefore please take a shorter lunch break.

b. The company meeting is this afternoon; therefore, please take a shorter lunch break.

c. The company meeting is this afternoon therefore, please take a shorter lunch break.

Answer:

1. option c

2. option c

3. option c

4. option c

3 0
3 years ago
You are a business loan has a variable interest rate next month the annual rate will jump from 6.3% to 7.8%. Your balance is 1,6
sweet [91]

Answer: $‭2,025‬

Explanation:

Your monthly payment based on the rate of 6.3% per annum is:

= (6.3% * 1,620,000 ) / 12 months

= 102,060‬ / 12

= $‭8,505‬

Now that the rate has gone up to 7.8% per annum, the payment is:

=  (7.8% * 1,620,000 ) / 12 months

= ‭126,360‬ / 12

= $‭10,530‬

Payment went up by:

= ‭10,530‬ - 8,505

= $‭2,025‬

3 0
3 years ago
The following situations suggest a strength or a weakness in internal control. Identify each as a strength or weakness​, and giv
Mkey [24]

Answer: Options A and C are strengths while options B and D are weaknesses. See explanation below.

Explanation:

a. All employees must take at least five consecutive days off each year.

This is a strength in internal control. This would help to maintain stability in operational process and ensure leave days are effectively utilized. It also prevents staff from taking the leave days in piecemeal and sporadic manner thereby disrupting the operational process and causing team instability. It is also used to ensure leave days are promptly utilised and well accounted for.

b. The accounting department orders merchandise and approves invoices for payment.

This is a weakness in internal control. There should be a check and balance in this regard. In some organizations, proper scrutiny of the vendor and invoice is done by the Procurement Unit and the Expense Control Unit respectively. Even within the accounting department, there is approval hierarchy. Also, the unit within accounting department that is making the order should not be the one to approve the transaction.

c. Cash received over the counter is controlled by the sales​ clerk, who rings up the sale and places the cash in the register. The daily sales are recorded in the accounting records by the accounting department.

This is a strength in internal control as it ensures checks and balances. Fraud and error can be detected through this means. The accounting department should verify the transactions to the relevant supporting document before recording the transaction in the system.

d. The officer who signs checks need not examine the payment packet because he is confident the amounts are correct.

This is a weakness in internal control in the sense that checks signed by the officer is binding in the court of law. The officer cannot claim ignorance if anything goes wrong. There is therefore a need for proper scrutiny and relevant questions asked before checks are signed.

7 0
3 years ago
The recording of business transactions is a basic part of financial reporting and is referred to as:.
Karo-lina-s [1.5K]

The recording of business transactions is a basic and fundamental component of financial reporting and is known as<u> bookkeeping.</u>

<h3>What is Bookkeeping?</h3>

Bookkeeping is the process of recording financial transactions.  It entails preparing reference papers for all company transactions, activities, and other occurrences.

The primary goal of bookkeeping is to maintain a comprehensive and precise record of all operations and transactions in a methodical, ordered, and logical way. This guarantees that the financial consequences of these activities are accounted for in the accounting books.

Learn more about Bookkeeping here:

brainly.com/question/25572872

4 0
2 years ago
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