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jok3333 [9.3K]
3 years ago
8

What is the correct answer...A, B, or C?

Business
1 answer:
Mamont248 [21]3 years ago
5 0
B, to avoid potential liability issues
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In the economy of Mankewistan in 2015, consumption was $6000, exports were $1000, GDP was $10,000, government purchases were $18
hodyreva [135]

Answer:

$2,400

Explanation:

We know that

GDP = Consumption + Investment + Government purchase + Net exports

where,  

Net exports = Exports - imports

                    = $1,000 - $1,200

                    = -$200

Now the investment is

$10,000 =$6,000 + Investment + $1,800 - $200

$10,000 = $7,600 + Investment

So, the investment equal to

= $2,400

6 0
3 years ago
Could you answer all these questions for me please? if you do you can have 100 points :)
monitta

Answer:

b

c

c

a

Explanation:

6 0
2 years ago
Read 2 more answers
A short-term lease: Multiple Choice Must be accounted for by the short-cut method if using U.S. GAAP. Is defined as having a val
Sauron [17]

Answer: Not required to be accounted for by the short-cut method if using IFRS.

Explanation:

A Short term Lease is one where a person or entity is granted the legal use of a space for a small period of time which is a year or less.

In calculating this, the Sixteenth International Financial Reporting Standards, IFRS 16, states that a Short Term lease may be charged directly to a Profit and Loss account.

It does not approve the use of the Shortcut method which is a qualitative measure of analysis that is ONLY approved under the US Accounting system (GAAP) and even then is not widely used.

6 0
3 years ago
Communist countries usually have economies. A command economy that still allows private property and ownership is called. A comm
aalyn [17]

Answer:

1. command

2. socialism

3. communism

Explanation:

1. Communist countries usually have command economies.

2. A command economy that still allows private property and ownership is called a socialism.

3. A command economy in which the government controls everything is called communism.

8 0
3 years ago
Closing the Accounts of a Merchandiser From the following list, identify the accounts that should be closed to Income Summary at
mixer [17]

Answer:

Advertising Expense , Cost of Merchandise Sold , Merchandise Inventory, Sales,Supplies Expense are closed to income summary account. Revenues and expenses are closed to Income Summary.

Explanation:

Closing Entries

a. Accounts Payable:  No it is not closed to income summary account.

b. Advertising Expense:  Yes it is  closed to income summary account.

c. Cost of Merchandise Sold: Yes it is  closed to income summary account.

d. Dividends : No these are closed To Retained Earnings Accounts.

e. Merchandise Inventory : Yes it is  closed to income summary account

f. Sales Yes it is  closed to income summary account

g. Supplies:  No prepaid supplies are an asset account and it is included balance sheet.

h. Supplies Expense: Yes it is  closed to income summary account

i. Wages Payable: Not closed in the income summary account.

These are liabilities and included in the balance sheet.

8 0
3 years ago
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