Answer: Nominal GDP values production at current prices, whereas real GDP values production at constant prices.
Explanation;
Nominal GDP calculates the total output in the Economy based on the current prices of commodity which means that it will include inflation.
Real GDP on the other hand removes the effect of inflation by basing the GDP on the prices in a base year which is not usually the current year thereby eliminating the effect of inflation and using constant pricing. Real GDP is therefore better for comparison over the years.
Answer:
Double-cycle billing is a method used by creditors, usually credit card companies, to calculate the amount of interest charged for a given billing period. It takes into account not only the average daily balance of the current billing cycle (usually one month), but also the average daily balance of the previous cycle.
Explanation:
idk...my mom helped me answer this for you
Answer:
Veronica is wrong because if Percy division is close, it's fixed won't be eliminated and as such the cost will be shouldered by the other divisions which will lead to a $9,400 reduction in profit.
Though eliminating Percy division will prevent the loss of $26,200. However with a fixed cost totalling $35600 which will have to be beared by other five divisions, eliminating Percy division won't be a good idea.
Explanation:
Kindly chech attached picture
Answer:
B
Explanation:
Year end - December 31,2018 (first account year)
Pretax Income - $640,000
Interest expenses ( $20,000)
Excess warranty expense add back $45,000
Excess depreciation deducted ($120,000)
Taxable income = $545,000
Tax rate = 40%
Income tax expense for 2018 = $545,000 * 40%
=$218,000
