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3 years ago

If real gross domestic product (GDP) grew by 2 percent and the inflation rate was 2 percent, then nominal GDP grew by

Business

1 answer:

ohaa [14]3 years ago

6 0

Answer:

Explanation:

If the real gross domestic product for the year grew by 2%

The inflation rate also grew by 2%

Then nominal GDP rate can be calculated as follows

= Real GDP + inflation rate

= 2% + 2%

= 4%

Hence the nominal gross domestic product grew by 4%

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Scarbrough Corp. factored $600,000 of accounts receivable to Duff Corp. on October 1, year 2. Control was surrendered by Scarbro

Virty [35]

Answer:

Scarbrough will receive and record cash of $538,685

The journal entry to record this transaction would be:

Debit Credit

Cash $2,900,300

Interest Expense $89,700

Notes Payable $2,990,000

Debit Cash for $2900300, debit Interest Expense for $89700, and credit Notes Payable for $2990000

Explanation:

In order to calculate the amount Scarbrough will receive and record cash we would have to make the following calculation:

Scarbrough will receive and record cash=Receivables-Amount of the hold back-Withheld as fee income-Less: Withheld as interest expense

Receivables= $600,000

Amount of the hold back=$600,000 x 5%=$30,000

Withheld as fee income=$600,000 x 3%=$18,000

Withheld as interest expense=$600,000 × 15% × 54/365=$13,315

Therefore, Scarbrough will receive and record cash=$600,000- $30,000-$18,000-$13,315=$538,685

Scarbrough will receive and record cash of $538,685

According to the given data to journal entry to record this transaction would be the following:

Debit Credit

Cash $2,900,300

Interest Expense $89,700

Notes Payable $2,990,000

Interest Expense=$2,990,000 x 3%=$89,700

5 0

2 years ago

Love Languages is introducing an improved version of its tutoring targeted to students wanting more in-depth assistance using a

Wewaii [24]

Answer: Modified product strategy

Explanation:

The modifying product strategy is one of the important strategy in the market as it basically refers to the value adding information and also modification in the existing products.

The modified product strategy also known as the product life cycle where the existing products are get modified according to the new product strategy.
By adding various types of features and also improve the performance of the product then it known as the product modification.

Therefore, the modified product strategy are used by the company for producing various types of new products and their aim is to produce the new product in the given original target in the market.

6 0

3 years ago

Currency that derives its value from the amount printed on it rather than from the value of the paper or metal from which it is

labwork [276]

Currency that derives its value from the amount printed on it is known as fiat money.

<h3>What is fiat money?
</h3>

Fiat money is currency whose value is not backed up by any asset. The value of fiat money is dependent on the amount printed on it. This differs from representative money whose value depends on the value of the metal from which it is made from.

To learn more about money, please check: brainly.com/question/940436

#SPJ1

7 0

2 years ago

You have made an important presentation to several Japanese executives regarding a proposed partnership between your American co

Levart [38]

Answer:

Correct option is E.

A lack of communication

Explanation:

It is an instance of two societies speaking with one another. Add to social contrast, there are even language contrasts. To think at an exceptionally fundamental level, the Japanese here are most likely confronting language as well as unfit to fathom American business culture.

Despite the fact that these things are likely while managing in global exchange, the most ideal approach to improve correspondence is to see each other's way of life and modify the language and correspondence tone in like manner. Along these lines, there is absence of compelling correspondence between the American and the Japanese.

8 0

2 years ago

The ideal marketing objective is ________. idealistic, quantifiable, and consumer-oriented situational, unattainable, and intern

GuDViN [60]

Answer:

The correct answer is: Time specific, realistic and quantifiable.

Explanation:

To begin with, a good marketing campaign must follow certain objectives in order to be fully successfull or at least as high as possible. Therefore that the best objectives to look for regarding marketing expertises are the facts that the objectives are <em>realistic</em>, so that means that it can be possible done by the budget of the company; <em>quantifiable</em>, so that means that the company can measure the benefits of using the campaign and see that the costs were worthy; and finally,<em> </em><em>time specific objectives</em>, so that means that the company can know if their goals are being accomplished in the time expected.

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3 years ago