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NeX [460]
3 years ago
8

Suppose the total market value of all final goods and services produced this year in economy X is $4 million. Of the $4 million

worth of goods, $3 million is sold and $1 million is held in inventory. For this year, the GDP for economy X is
a. $4 million.
b. $3 million.
c. $1 million.
d. $7 million.
e. none of the above
Business
1 answer:
kirill115 [55]3 years ago
4 0

Answer:

A) $4 million

Explanation:

The GDP is woth $4 million because GDP equals the sum of all produced goods and services, in a given year, within a country.

Inventories are part of GDP, counted as private investment, even if they are not sold. The reason for this is that firms payed someone for the inventory with the aim of earning a profit in the future, and assets that are purchased with the goal of getting economic benefit from their use, are qualified as investments.

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Kirov, Inc. reports credit sales of $200,000 for the year ending December 31. The year-end unadjusted balance of its Allowance f
zubka84 [21]

Answer:

The correct answer is: $12,000

Explanation:

uncollectible debt = 6% of net sales

= 6/100 × 200,000

= 0.06 × 200,000 = $12,000

Therefore, $12,000 will be removed (debited) from the bad debt expense because it is uncollectible, and it is added (credited) to the Allowance for Doubtful accounts as bad debt to be paid for in the bad debt reserve account.

7 0
3 years ago
Which of the following best defines an in-text citation?
Thepotemich [5.8K]

<u>An in-text citation(a) A brief quotation from an outside author's work that leads the readers to works by the same author.</u>

Explanation:

An in-text citation is a reference which is made within the body of text of an academic writing .

It is the  in-text citation that  alerts the reader about a source that has informed your own writing. The exact format of an in-text citation will depend on the style you need to use, for example, APA,MPA style

An in-text citation is used  to, summarize, paraphrase, or quote from another reference source.

For Example :-In APA style in-text citation  uses the author's last name and the year of publication, like (tsield, 2008). For direct quotations, include the page number as well  (tsield, 2008, p. 18).

<u>An in-text citation(a) A brief quotation from an outside author's work that leads the readers to works by the same author.</u>

6 0
3 years ago
Kayak Co. budgeted the following cash receipts (excluding cash receipts from loans received) and cash disbursements (excluding c
WINSTONCH [101]

Answer:

                                           Kayak Co.

                                         Cash Budget

                                                <u>January</u>        <u>February</u>         <u>March</u>

Cash inflows:                         $525,000      $400,000     $450,000                  

Cash outflows:                      ($475,000)    ($350,000)    ($525,000)

Monthly cash flow:                  $50,000        $50,000      ($75,000)          

Monthly interests:                       ($600)             ($106)                 $0

Initial cash balance:                $30,000         $30,000        $69,294

Ending cash balance:             $79,400          $79,894        ($5,706)

Required bank loan:                        $0                   $0         $35,706

Payment of bank loan:          ($49,400)        ($10,600)                $0

Total                                        $30,000         $69,294       $30,000          

Explanation:

                               Cash Receipts          Cash Disbursements

January                      $525,000               $475,000

February                    $400,000               $350,000

March                         $450,000               $525,000

A cash budget is the estimation of the business's future cash flows including estimated revenues and expenses.

6 0
3 years ago
Each of the following is a reason to export data except ___
aleksandrvk [35]

Explanation:

D

most data exports are for backing up purposes, creating presentation and ability to access old files

3 0
2 years ago
After a listing has expired, the original listing broker may be paid a commission under the terms of the holdover clause in the
Masteriza [31]

Option 4 , All the above

Explanation:

After a listing has expired, the original listing broker may be paid a commission under the terms of the holdover clause in the original contract if :

- the broker had worked with the purchaser before the expiration date

- the broker had disclosed the name of the purchaser to the sellers before the listing expired

- the broker was the procuring cause for the purchaser

The broker who listed the property will receive a commission, regardless of who sells the property. The vendor lists another agent after the listing expires, and the buyer's agent submits an offer to the property.

6 0
3 years ago
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