Answer:
b. oil prices increased faster than real GDP, but real GDP still grew at a healthy pace.
Explanation:
In this example, we compare the annual price of oil and the annual increase in GDP. When we look at the two, we can see that oil prices increased faster than real GDP. Nevertheless, we can also see that GDP still grew at a healthy pace.
GDP refers to Gross Domestic Product. This concept describes the monetary value of all good and services produced within a country's borders in a certain time period. GDP does not describe all the specific economic conditions of a country. However, it is still a useful measure for politicians and researchers in order to estimate the relative health of a country's economy.
Answer:
a. The current market value of the land
Explanation:
An expansion project costing plays a huge role. According to relevant cost, all irrelevant cost in the business should not be considered while analyzing a project. In the past, cost incurred in purchase of the land and its improvement is sunk cot, hence these expenditure ares irrelevant while analyzing the expansion project. The only cost which is to be considered is current market value of the land.
Answer:
Marcus should control his emotions
Explanation:
It is natural for Marcus to become angry because of Amy's action. Nonetheless, as team member, he will need to control himself, to be effective as such. Lest such furiosity turn out to become a chaos in a work environment and hinder efficiency, consequently frustrating the aim of the team.
Answer:
Depreciation Expense = $5800
Explanation:
As per the data given in the question,
Initial cost = $52,800
Freight cost = $300
Non-refundable tax = $6,400
Installation = $500
Estimated residual value = $2,000
Rate = 10%
So total cost of assets = $52,800 + $300 + $6,400 + $500
= $60,000
As per the following formula,
The straight line depreciation expense = (Cost- Residual value) × Straight line depreciation rate
=($60,000 - $2,000) × 10%
=$58,000 × 10%
=$5,800
