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zysi [14]
3 years ago
15

Grapes are a counted as an intermediate good only if they are used to produce another good such as wine. b. counted as an interm

ediate good, whether they are used to produce another good or consumed. C. always counted as an intermediate good. d. counted as an intermediate good only if they are consumed 2. Until recently, George lived in a home that was newly constructed in new house. He sold the house in 2006 for $225,0000. Which of the followi 2005. In 2005, he paid $200,000 for the brand ing statements is correct regarding the sale of the house? he 200s sale increased 2006 GDP by $225,000. furthermore, the 2006 sale caused 200S GDP to be revised upward by $25,000. b. The 2006 sale increased 2006 GDP by $25,000 and had no effect on 2005 GDP c. The 2006 sale increased 2006 GDP by $225,000 and had no effect on 2005 GDP d. The 2006 sale affected neither 2005 GDP nor 2006 GDP For the purpose of calculating GDP using expenditure approach, the component of GDP called consumption consist o
Business
2 answers:
alexgriva [62]3 years ago
6 0

Answer:

A - counted as an intermediate good only if they are used to produce another good such as wine.

Explanation:

Zigmanuir [339]3 years ago
3 0

Answer:

  • a)Counted as intermediate good only if they are used to produce another good such as wine
  • The 2006 sale affected neither 2005 GDP nor 2006 GDP
  • household spending on durable and non durable goods as well as household spending on services

Explanation:

Part A

Counted as intermediate good only if they are used to produce another good such as wine

This is because an intermediate good refers to a good used to produce a final good

Part B)

The 2006 sale affected neither 2005 GDP nor 2006 GDP

This is because a house built last year will not be counted in the current year's GDP

Part C

household spending on durable and non durable goods as well as household spending on services

This is because consumption consists of consumer durable goods, consumer nondurable goods, and services

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On March 1, Marin sold merchandise on account to Amelia Company for $22,400, terms 2/10, net 45. On March 6, Amelia returns merc
pshichka [43]

Answer:

On March 1,

Debit Receivable Accounts $22,400

Credit Sales $22,400

On March 6

Debit Sales $1,200

Credit Receivable Accounts $1,200

On March 11,

Debit Cash  $20,776

Debit Sales Discount  $424

Credit Accounts Receivable $21,200

Explanation:

On March 1,

Debit Receivable Accounts $22,400

Credit Sales $22,400

On March 6

Debit Sales $1,200

Credit Receivable Accounts $1,200

On March 11,

Credit terms of 2/10, net 45 means that 2% discount for the payment within 10 days or the full amount to be paid within 45 days.

Marin receives payment from Amelia on 11 March, early enough to offer a 2% discount.

The amount of discount: ($22,400 - $1,200) x 2% = $424

The journal entry:

Debit Cash  $20,776

Debit Sales Discount  $424

Credit Accounts Receivable $21,200

3 0
3 years ago
Supply is the amount needed.<br> O True<br> O False
MaRussiya [10]

Answer:

true

Explanation:

because supply is like supplies

4 0
3 years ago
Read 2 more answers
QS 12-15 Computing financing cash flows LO P3 The following information is from Princeton Company’s comparative balance sheets.
natulia [17]

Answer:

cash received from issuance234,000

cash used for dividends 24,000

Explanation:

Common stock           111,000    104,000

Paid -in excess of par 571,000 344,000

RE                                317,500   291,500

Common Stock   Paid-in Excess        RetainedEarnings         Cash

<u>Debit     Credit</u>   <u>Debit     Credit </u>     <u>Debit     Credit</u>    <u>Debit   Credit</u>

         104,000              344,000                291,500                7,000                                       227,000                              234,000

Balance111,000 Balance: 571,000              50,000

                                                       24,000                          24,000

                                                   Balance:  317,500

Beginning Earnings + Income - Dividends = Ending

Dividends= Beginning + Income - Ending

Dividends= 291,500 + 50,000 - 317,500 = 24,000

7 0
3 years ago
The last step in writing is _____.
IgorC [24]

Answer:

proof read .................

8 0
3 years ago
At the beginning of the year, Uptown Athletic had an inventory of $640000. During the year, the company purchased goods costing
Nataly_w [17]

Answer:

Cost of Goods Sold = $1,700,000

Gross Proft = $1,740,000

Explanation:

We solve this assingemtn using the inventory identity:

$$Beginning Inventory + Purchase = Ending Inventory + COGS

We post the given and solve for the missing part:

640,000 + 2,020,000 = 960,000 + COGS

COGS = 640,000 + 2,020,000 - 960,000 = 1,700,000

Next we use the COGS value to calculate the gross profit.

Sales \: Revenues- \: COGS = \: Gross \: Profit

3,440,000 - 1,700,000 = 1,740,000

8 0
3 years ago
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