1. Assuming Panem does not produce anything else in 2020, GDP = 78500
2. Panem's per capita GDP growth is 7.55%
1. We have the following data to answer this question
9,000 loaves of bread = $6
2250 wheat = $2
400 axes = $50
<u>We have to first calculate for </u><u>GDP.</u>
GDP stands for gross domestic produce. This is the total sum of goods and services that were made in a particular area at a particular time.
GDP = price * product
Bread = 9000*6 = 54000
wheat = 2250 * 2 = 4500
axes = 400 * 50 = 20000
∑GDP = 54000 + 4500 + 20000
= <u>$78500</u>
Therefore if Panem does not produce anything else in 2020 GDP = $78500
2. <u>We have to find the </u><u>GDP per capita</u>
= 392.5
<u>The GDP increased by</u> 14%
= 78500 * 1.14
= 89490
<u>Population grew to </u><u>212</u>
= 422.12
<u>The percentage</u><u> increase </u>
= 
= 7.55%
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Answer:
a receipt
Explanation:
A receipt is a document acknowledging that a person has received money or property in payment following a sale or other transfer of goods or provision of a service. All receipts must have the date of purchase on them
Answer:
True
Explanation:
Now the initial jounal entry of the Unearned Fees was recorded as:
Dr Cash received XX
Cr Unearned Fees XX ........... Is a liability
Now the reason why the statement is true can be best explained from the following equation:
Equity = Ordinary Stock + (Revenue - Expense - Dividend)
Now just look at the above equation and the journal entry, the unearned fees increased the liability and if this amount is not waived off to the amount the unearned fees are converted to earnings, I mean if you have received the amount for 3 months services in advance and only one month services are delivered then the 1/3 part of the unearned fees will recognized as earned. If it is not complied then we can see in the above equation that the revenue would decrease and this decrease will decrease the equity.
Answer:
Bad debt expense 6,500 debit
Allowance for uncollectible account 6,500 credit
Explanation:
"determined that there should be an allowance for uncollectible accounts of $5,150 at December 31, 2022."
We need to recognize as much bad debt as it need to leave the allowance balance on our expected uncollectible account.
balance for allowance before adjsutment:
beginning - write-off = unadjusted allowance
1,250 - 2,600 = -1,350
expected balance - unadjusted balance = adjustment
5,150 - (-1,350) = 6,500
Bad debt expense 6,500 debit
Allowance for uncollectible account 6,500 credit
Answer:
$26.67
Explanation:
Total Common Equity New = Total Common Equity Old + Net Income -Dividends Paid
Total Common Equity New = $4,050,000 + $450,000 - $100,000
Total Common Equity New = $4,400,000
Book value per share = Total Common Equity / Shares Outstanding
Book value per share = $4,400,000 / 165,000 shares
Book value per share = 26.66666666666667
Book value per share = $26.67
