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leva [86]
2 years ago
6

Which of the following is a shortcoming of GDP accounts? Group of answer choices They do not take into account the unemployment

level. They tend to overstate the trade balance as only exports are considered. They include only production by the private sector and not government production. They ignore the impact of pollution on the environment.
Business
1 answer:
konstantin123 [22]2 years ago
5 0

Answer: They ignore the impact of pollution on the environment.

Explanation: Ignoring the impact of pollution on the environment is one of the shortcoming of GDP accounts. GDP accounts do not take into consideration the effects of the methods of getting the money. Some Production methods might be harmful to the environment but when talking about GDP accounts, only monetary value is considered.

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Joe Hall owns a limousine for use in his personal service business of transporting passengers to airports. The limousine’s adjus
tino4ka555 [31]

Answer:

B. $280,000

Explanation:

The capital assets are those assets which are used for the personal purpose, not for the business purpose. The examples of capital assets include personal property, stocks, bonds, clothing, dwelling, etc.

It excludes that property which is used for trade or business purpose like - limousine.

In the given situation, the capital asset would be $280,000 as it owns for personal residence and furnishings.

6 0
3 years ago
The 2017 balance sheet of Kerber’s Tennis Shop, Inc., showed long-term debt of $1.87 million, and the 2018 balance sheet showed
bezimeni [28]

Answer:

Cash flow to creditors in 2018 is −$85,000

Explanation:

2017 balance sheet of Kerber’s Tennis Shop, Inc is recorded as

Interest paid............................................................................$255,000

Less:

long-term debt in 2018.........................................................$2.21 million

Less: long-term debt brought forward from 2017..........$1.87 million

Total (taken as net new borrowing)...................................$340,000

Cash flow to creditors = 2018 Interest expense less net new borrowing

= $255,000 - $340,000

= −$85,000

8 0
3 years ago
Read 2 more answers
Frantic Fast Foods had earnings after taxes of $1,070,000 in 20X1 with 311,000 shares outstanding. On January 1, 20X2, the firm
Mars2501 [29]

Answer:

X1 EPS =  $ 3.44 per share

X2 EPS = $ 3.88 per share

Explanation:

EPS = \frac{income}{shares}

X1: Earning per share

$1,070,000 / 311,000 shares outstanding = $3.44 per share

X2: net income calcualtions

1,070,000 x ( 1  +  24%) = 1,326,8‬00

X2 shares outstanding:

beginning 311,000 + issued 31,000 = 342,000

EPS: 1,326,800 / 342,000 =  3,8795 = 3.88

7 0
3 years ago
Who do i write the check to for speeding ticket?
uysha [10]
The court which you were sentenced to go to. thats where i wrote mine to
4 0
3 years ago
Read 2 more answers
During a company's first year, the asset account, Office Supplies, was debited for $3,900 for the purchases of supplies. At year
fiasKO [112]

Answer:

The adjusting entry will be shown below:

Explanation:

The adjusting journal which is to be recorded in the following case will be:

Office Supplies expense A/c..............................Dr  $2,275

          Office Supplies A/c.........................................Cr   $2,275

As the amount $3,900 is already debited and at the year end, the remaining amount of office will be posted to the account of the office supplies expense against the office supplies account.

Working Note:

Amount = Debited amount of office supplies - Offices supplies on hand

= $3,900 - $1,625

= $2,275

5 0
3 years ago
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