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3 years ago

What are consumer goods and how do they allow a country to become a mdc?

1 answer:

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Consumer goods are those goods that are purchased and used by consumers. Consumer goods are not used by manufacturers to produce other goods. In essence, consumer goods are ready for use since they have been taken through the production and manufacturing. For a country to have consumer goods it must trade with other countries either to acquire raw materials or trade in consumer goods. This trade process contributes greatly towards the development of LDC economies into MDC status.

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True or False: An increase in the demand for notebooks raises the quantity of notebooks demanded but not the quantity supplied.

Natasha2012 [34]

Answer:

False

Explanation:

An increase in the demand for notebooks raises the quantity of notebooks demanded and also the quantity supplied

An increase in demand leads to a corresponding increase in supply

If the supply is not raised which will also increase the quantity of notebooks supplied, there will not be enough notebooks to meet the high demand for notebooks which brought about an increase in the quantity of notebooks demanded

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3 years ago

Read 2 more answers

Residual income is ____________.A. the difference between the net income the analyst expects the firm to generate and the requir

BARSIC [14]

Answer:

A. The difference between the net income the analyst expects the firm to generate and the required earnings of the firm.

Explanation:

Residual income measures an organisation's internal corporate performance by looking at the difference between the income geneated by the firm and the required minimum returns. It can be described as the excess of generated income over required earnings for the firm.

For personal Income, residual income represents the income an individual has left after deducting all personal expenses and all debts.

Based on the question, therefore, residual income will be the excess amount after a company's analysts' deduct the required earnings of the company from what the company generates.

3 0

3 years ago

Which individual is a producer?

Ronch [10]

Answer:

To be considered as a producer, we need to create some sorts of goods or services and exchange it with the customers in order to obtain some sort of financial gain. I believe that a host who seats customers in a busy restaurant would be considered a producer because he is providing a service to consumers.

Hope this helps!

7 0

3 years ago

Read 2 more answers

The Peach Corporation provides restricted stock to certain executives. Under the plan, the company granted 30 million shares on

daser333 [38]

Answer:

1. Determine the total compensation cost pertaining to the restricted stock.

30 million x $14 = $420 million

2. Prepare the appropriate journal entries

December 31, Year 1:

Dr Stock compensation expense 105,000,000

Cr Additional paid in capital - restricted stock 105,000,000

December 31, Year 2:

Dr Stock compensation expense 105,000,000

Cr Additional paid in capital - restricted stock 105,000,000

December 31, Year 3:

Dr Stock compensation expense 105,000,000

Cr Additional paid in capital - restricted stock 105,000,000

December 31, Year 4:

Dr Stock compensation expense 105,000,000

Cr Additional paid in capital - restricted stock 105,000,000

January 1, Year 4, the stocks are handed out:

Dr Additional paid in capital - restricted stock 420,000,000

Cr Common stock 420,000,000

6 0

3 years ago

The following is the adjusted trial balance of Wilson Trucking Company.

Troyanec [42]

Answer:

PART 1: Wilson Trucking Company reported Net Income of $15,854 for the year ended December 31, 2017.

PART 2: As per the statement of changes in equity, K. Wilson Capital Account Balance as at December 31, 2017 is $190,124

* Please note that figures in brackets represent negative values.

Explanation:

PART 1

Wilson Trucking Company

Income Statement for the year ended December 31, 2017

Revenue

Trucking Fees $115,500

Less Expenses:

Depreciation expense of Trucks $(26,043)

Salaries expense $(54,170)

Office supplies expense $(9,500)

Repairs expense -Trucks $(9,933)

Net Income $15,854

PART 2

Wilson Trucking Company

Statement of changes in Equity for the year ended December 31, 2017

K. Wilson Capital Account Balance as at December 31, 2016 $193,270

Add: Net Income for the year $15,854

Less: K. Wilson withdrawals during the year $(19,000)

K. Wilson Capital Account Balance as at December 31, 2017 $190,124

7 0

3 years ago