Answer:
The correct answer is letter "C": the relationship between a country's GDP and its factors of production.
Explanation:
The Aggregate Production Function describes the relationship between a country's Gross Domestic Product (GDP) and the factors of production involved in it. Aggregate Production functions are considered physical and human capital, labor, knowledge, social infrastructure, and natural resources. Production increases as a result of increases in capital, natural resources, and labor.
Answer:
D. Erin pays her monthly personal credit card bill.
Answer:
November 1
Explanation:
As per generally accepted accounting principles (GAAP), when the goods or services are delivered the revenue should be recorded and the transaction done in all respects.
The principle of revenue recognition occurs when the revenue is realized or earned, whether cash is obtained or not and it also meets the accounting accrual basis. Realizable here means that the consumer receives the product but the payment is made later.
Therefore, the revenue should be recorded on November 1
Answer:
$40,160.
Explanation:
Total appraisal value = $55,500 + $50,200 + $19,300 = $125,000
Weight of land in the appraisal value = $50,200 ÷ $125,000 = 0.4016, or 40.16%
Amount to include in the accounting record = $100,000 × 40.16% = $40,160
