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Darya [45]
3 years ago
12

By how much did annualized consumption decline in november of 2008 when gdp was $14 trillion?

Business
1 answer:
irga5000 [103]3 years ago
5 0
<span>Annualized consumption dropped immensely in November 2008. The 5 years prior to 2008 were some of our strongest yet, also, a GDP of $14 trillion is nothing to balk at. I am thoroughly surprised that the decline we experienced then came so soon after a long streak of winning.</span>
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Answer:

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Balance Sheet

For the year ended December 31, 2018

                                         <u>Assets</u>

Current assets

  • Cash                                                                  $1,000
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Total current assets                                                 $2,500

Non-current assets

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  • Accumulated depreciation      <u> ($2,000)       $17,700</u>

Total non-current assets                                         <u>$17,700</u>

Total assets                                                            $20,200

                                          <u>Liabilities</u>

Current liabilities

  • Accounts Payable                                              $900
  • Interest Payable                                                 <u>$550 </u>

Total current liabilities                                              $1,450

Total long term liabilities                                         <u>$3,400</u>

Total liabilities                                                          $4,850

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Total liabilities and owner's equity                         $20,200

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