Answer: Aggregate
Explanation: Aggregate demand is the sum of consumption expenditure, investment expenditure, government expenditure, and net exports.
Here is more information!!!: http://www.businessdictionary.com/definition/aggregate-demand.html
Answer:
$400,000
Explanation:
Since at December 31, Year 5, Tedd's tax advisor believed that an unfavorable outcome was <u>probable</u>. And a <u>reasonable estimate </u>of additional taxes was $400,000 but could be as much as $600,000.
Although after the Year 5 financial statements were issued, Tedd received and accepted an IRS settlement offer of $450,000.
Tedd should have included an amount of $400,000 as accrued liability in its December 31, Year 5 balance sheet
The reason is that according to the International Financial Reporting Standards, a PROVISION must be made as long as the conditions below were obtainable at year end.
- Existing Condition (which in this case is the tax dispute with the IRS)
- Probable Cash Outflow (which Tedd's Tax adviser confirmed)
- Reliable Estimate of Outflow ( which the scenario stated ''A reasonable estimate of additional taxes was $400,000'')
Hence, such 'reasonable estimate is the appropriate amount for inclusion in the financial statements.
Answer:
C. Pay more than the minimum amount every month.
Explanation:
Because credit cards have very high interest rates, and the interest is compounded every day, it is recommended to pay more than the minimum amount every month, so that the total credit card bill is paid out more quickly.
What happens when you pay more than the minimum amount every month is that you are paying not only the interest and principal that is due, but you are also paying additional principal. This additional principal payment is what will reduce the amount that will need to be paid in the future.
Answer:
A) human capital, physical capital, and technology.
Explanation:
the effect that an increase or decrease in capital per hour worked will cause to the GDP per hour worked depends on the level of technology applied on the production process. New technologies that significantly increase productivity are capital intensive, e.g. automation, artificial intelligence, computers, etc.
Answer:
0.4998
Explanation:
Given that:
Mean life of computer μ = 80
standard deviation σ = 8
Mean of sample n = 73
x = 83.28
We have to find P(Mean of sample is less than 83.38 months) =
P(X<x=83.38), to do this we have to first determine the z score.
Since we are dealing with multiple samples, the z score will :
z = (x – μ) / (σ / √n)
z = (83.28 - 80)/ (8/√73)
z = 3.28/0.936
z = 3.5
P(X<x=83.38) = P ( Z < z = 3.5)
Use the standard normal table to find P ( Z < 3.5 )
We will have P (Z < 3.5 ) = 0.4998
The probability that the mean of a sample of 73 computers would be less than 83.28 months is 0.4998
