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3 years ago

Why is it important to compute real GDP?

Business

1 answer:

levacccp [35]3 years ago

3 0

Answer:

C. To find out if there is a change in the actual number of goods, services, and structures produced from one year to the next

Explanation:

Real GDP calculates the monetary value of all goods and services that a country produce within one year after adjusting it to inflation or deflation.

Knowing Real GDP often used as a measurement to find out the economic growth of a country. If the Real GDP is increased, it indicates that the people in that country become more productive and it is most likely that their disposable income is also increased.

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Prepare the journal entries for the following petty cash transactions of LintonGaming Supplies:Feb.1Established a petty cash fu

madreJ [45]

Answer and Explanation:

1. Petty cash Dr, 150

To Cash account $150

(Being establishment of the fund is recorded)

For recording this we debited the petty cash as it increased the current assets and credited the cash as it decreased the value of current assets

2. Office supplies $35

Entertainment expense Dr, $110

To Cash account (balancing figure) $140

To Cash short and over $5 ($150 - $35 - $110)

Here we debited the office supplies and entertainment expense as it increased the expenses and we credited the cash account as it decreased the current assets

3. Petty cash account $150 ($300 - $150)

To Cash account $150

(Being the increase in balance is recorded)

For recording this we debited the petty cash as it increased the current assets and credited the cash as it decreased the value of current assets

7 0

4 years ago

A farmer purchased a module builder for $50,000. The bank is willing to loan him $37,000. The terminal value of this investment

Allisa [31]

Answer:

the after tax terminal value would be $14,500

Explanation:

6 0

3 years ago

Michigan Bank lends Detroit Furniture Company $110,000 on December 1. Detroit Furniture Company signs a $110,000, 9%, 4-month no

frez [133]

Answer:

The answer is $3,300.

Explanation:

To calculate interest paid on an amount, the following formula is used:

Simple interest = Principal × Rate × Time

Principal = $110,000

Rate in decimal = 9% = 0.09

Time in years = 4 months = 4/12 years

∴ Simple interest = $110,000 × 0.09 × 4/12 = $3,300.

7 0

3 years ago

Marketing-channel management is related to which of the four ps?

Usimov [2.4K]

Marketing channel management is related to place.

3 0

3 years ago

Dufner Co. issued 15-year bonds one year ago at a coupon rate of 7.1 percent. The bonds make semi-annual payments. If the YTM on

saveliy_v [14]

Answer:

Total $1,173.2544

Explanation:

The price of the bond will be equivalent to the coupon payment and maturity discounted at the YTM

Coupon payment PV will be an annuity:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 35.50 (1,000 x 7.1% / 2 )

time 30 (15 years x 2 payment per year)

rate 0.027 (YTM /2 )

$35.5 \times \frac{1-(1+0.027)^{-30} }{0.027} = PV\\$

PV $723.5919

The maturity will be the present value of a lump sum

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 1,000.00

time 30.00

rate 0.027

$\frac{1000}{(1 + 0.027)^{30} } = PV$

PV 449.66

We add bot h to gett the market value

PV c $723.5919

PV m $449.6625

Total $1,173.2544

3 0

4 years ago