Answer:$ 50 million
Explanation:
We know GDP is calculated as the sum of consumption spending(C),Investment spending(I),Government spending(G) and net export(X).
Here
- Consumption spending
- investment spending
- Government spending
- $5 million worth tables are sold abroad
- no tables are imported.
At the end of year
GDP=C+I+G+X-M
GDP=10+20+10+5-0=$45 million
and the remaining 50,000 table worth of $5 million in inventory goes to the investment made by private sector
thus value of GDP is $ 50 million.
Current assets, or possessions used up within a year, are generally used to settle current liabilities.
<h3>Why do you use the term "current liabilities"?</h3>
- Current liabilities are debts or commitments that fall due within a year or during the regular business cycle. Additionally, current obligations are paid off by using a current asset, either by generating a fresh current liability or by using cash.
- In accounting, current liabilities are frequently interpreted as all debts owed by a company that must be paid in cash within the fiscal year or the operational cycle of that particular company, whichever is longer.
- Current assets, or possessions used up within a year, are generally used to settle current liabilities. Accounts payable, short-term loans, dividends, and notes payable are a few examples of current liabilities, along with any outstanding income taxes.
To learn more about Current assets refer to:
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Answer:
It is the sum of the inventory held across all of the locations in a company.
Explanation:
Total system inventory is a business term that is used in describing the total sum of the inventory held by a particular company across all of the locations in which that company is situated regardless of whether vacant or rented.
Hence, in this case, the correct answer is option B
Answer:
Crane should report $26,400 as subscription revenue in Income Statement
Explanation:
Amount received towards Subscription = $79,200 for 3 years
Subscription revenue to be recognized in Income Statement of 2020 =
= $79,200 / 3
= $26,400
So they can gain profits with their choosen currencies, if the currency that they choose, raising, they gain profits
