Answer:
The answer is: $39,000
Explanation:
The gross domestic products includes all the production of final and legal goods or services. These final products can be sold or held in inventory.
In this case, the GDP should include the $20,000 car sold to Emily and the $19,000 that correspond to the car held on finished inventory.
The best explanation for the relatively horizontal area of the short run aggregate supply curve is that, "with an economy operating below potential output, an increase in aggregate demand causes real output to increase."
The short-run aggregate supply curve is horizontal. This happens because in the short-run production can be increased without any real effect on the average costs of production.
The horizontal short-run aggregate supply curve shows that even if the output increases, the price remains the same. So here the aggregate demand curve can shift to the right and can meet the aggregate supply curve at a new point.
Hence, here the price level will remain unchanged.
To learn more about supply curve here:
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Answer:
$15,050
Explanation:
T account is formed as following way:
Cash Account
The left side of the T account sums to $34,500 and the left side of the cash account is a debit.
The right side of the T account sums to $19,450 and the right side of the cash account is a credit.
Generally, the normal balance of a cash account is debit. Therefore, left side (debit) - right side (credit) = balancing amount.
Therefore, balance = $34,500 - $19,450 = $15,050
Explanation:
The 2 of the market trend which I am going to discuss is that.
1. Customer experience: Nowadays you need not go to customer, convince and make them to buy the product. Nowadays, people get huge information online and then they shop. So given customer experience is vital to be on road
2. Live platform: People's interest has been changed from time to time. Now its all the live platform where the people spend lot of time over the recorded video.
Answers for the questions asked:
1. The thing which people likes the most at present and it keeps changing.
2. A product will be sold, only if the people mass likes it.
3. Trend cannot be eliminated. It keeps changing.
4. Do things which are trendy.
Answer:
Anne Traylor Inc.
Calculating Lower-of-Cost-or-Net Realizable Value
The inventory cost to report on the balance sheet on June 30, 2020, assuming that the company applies the lower-of-cost-or-net realizable value rule to each individual inventory item is:
= $8,990.
Explanation:
a) Data and Calculations:
Inventory Quantity Selling Cost NRV Inventory Lower-of-Cost-or-
Item Price to Sell Cost Net Realizable Value
#100 70 $24 $5 $19 $16 $1,120 ($16 * 70)
#101 100 22 4 18 17 1,700 ($17 * 100)
#115 50 35 6 29 31 1,450 ($29 * 50)
#118 120 40 6 35 29 3,480 ($29 * 120)
#120 25 18 4 14 10 250 ($10 * 25)
#128 45 30 8 22 26 990 ($22 * 45)
Total $8,990