Answer:
A. A new airplane purchased by United Parcel Service.
- Investment (in fixed assets), GDP grows
B. The tuition you pay during your first year of college.
- Consumption (of services), GDP grows
C. The social security check your grandmother receives.
- Not included in GDP, social security checks are considered transfer payments.
D. A new purchase of 50,000 shares of Time/Warner stock.
- Not included in GDP, only IPOs are included in GDP
E. A new pair of tennis shoes made in China and purchased by an American shoe store.
- Import, GDP decreases since net exports decrease
Explanation:
Answer:
1. True.
2. True.
3. True.
4. True.
Explanation:
1. True: A company excludes from the current assets section, the amount of cash restricted for purposes other than payment of current obligations or for use in current operations.
2. True: Land held for speculation is reported in the long-term investment section of the balance sheet because they are fixed assets.
3. True: Financial flexibility measures the ability of an enterprise to take effective actions to alter the amounts and timing of cash flows.
4. True: Companies determine cash provided by operating activities by converting net income on an accrual basis to a cash basis.
<span>Jill still has a wage discrepancy claim using the Equal Pay Act and Title VII because the remedy was to lower Seth's salary in response. The discrepancy still existed for the entire time that she and Seth had differing wage rates. This would fall under Title VII as a type of sex-based discrimination.</span>
The right answer for the question that is being asked and shown above is that: "d. Grocery store receipt." an example of a document that needs to be saved for financial planning is that of a Grocery store receipt.<span>
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