1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Kitty [74]
3 years ago
10

Critics of the National Income and Product Accounts (NIPA) argue that the accounts are outdated and fail to account for "intangi

bles" in our new knowledge-based economy. For example, many firms create copyrighted materials (movies, books, etc.) that, when completed, are much more valuable than just the value of the market place inputs that went into their production. What might be some of the problems associated with trying to include these intangibles in the NIPA?
A) The problem is actually minimal; the NIPA does not take the necessary steps to do the right thing.
B) The NIPA finds it difficult to place a value on something that is intangible.
C) The NIPA believes it is too easy for thieves to retrieve the information due to hackers.
D) The real problem is the timing of when to include such projects in the NIPA.
Business
1 answer:
Shalnov [3]3 years ago
6 0

Answer: The correct answer is "B) The NIPA finds it difficult to place a value on something that is intangible.".

Explanation: The problem is to assign value to assets that are not material, that is, they are intangible, for some reasonable estimates can be made in order to include them in the gross domestic product to provide this statistic with greater precision.

For example: It is difficult to know what value can be assigned to a project that is not known if it will be completed or not and if it will be susceptible to market valuation?

You might be interested in
What might you need to do to renew your credentials?
sashaice [31]
The answer to the question is to retake exams
4 0
3 years ago
Read 2 more answers
Belvedere Corporation had a balance in its Equipment account on January 1, Year 1 of $341,200. During the year, equipment origin
Varvara68 [4.7K]

Answer:

$56,600.00

Explanation:

The amount the company spent on purchase of additional equipment during year 1 can be ascertained using the formula below:

amount spent on additional equipment=ending balance of equipment-(beginning balance-cost of equipment sold)

ending balance of equipment is  $304,700

beginning balance is $341,200

cost of equipment sold is $93,100

amount on additional equipment=$304,700-($341,200-$93,100)=$56,600.00  

5 0
3 years ago
During the first year of operations, a company sold $113,000 of goods to customers and received $96,500 in cash from customers.
Oksi-84 [34.3K]

Answer:

Net Income for the year is $41700

Explanation:

The accounting basis that is generally followed by the businesses is the accrual basis of accounting. The accrual principle states that incomes and expenses should be recorded and recognized in the period to which they relate to rather than in the period where cash is received or paid.

This means that we will record income and expenses related to this year in this year's profit calculation even when we have not received or paid cash for such incomes and expenses.

Thus, net income for this year will be calculated as,

Net Income = Total Sales Revenue - Total expenses

Net income = 113000 - 71300    

Net Income = $41700

6 0
3 years ago
In King v. Riedl,
vovangra [49]

Answer:

Court ruled over in favor of the plaintiffs.

Explanation:

The result was that the court ruled in the favor of the plaintiffs because the contractor was statutorily barred from bringing an action to enforce payment because he doesn't has the residential home builder license and the amount of the contract satisfied statutory requirements.

8 0
3 years ago
Identify the possessive pronoun in the following sentence: "I love my new computer!"
Vanyuwa [196]

Answer:

A

Explanation:

5 0
2 years ago
Other questions:
  • Brady recently graduated from SUNY–New Paltz with his bachelor’s degree. He works for Makarov & Company CPAs. The firm pays
    6·2 answers
  • Coney Island Entertainment issues $1,300,000 of 5% bonds, due in 15 years, with interest payable semiannually on June 30 and Dec
    12·1 answer
  • The company's adjusted trial balance includes the following accounts balances: Cash, $15,000; Equipment, $85,000; Accumulated De
    11·1 answer
  • A company bills customers for services rendered on account. Which of the following is part of recording this transaction?
    11·1 answer
  • Balance of trade summarizes
    11·2 answers
  • Hastings Entertainment has a beta of 0.65. If the market return is expected to be 11 percent and the risk-free rate is 4 percent
    5·1 answer
  • Under the indirect method of preparing the statement of cash flows, how is an increase in accounts receivable handled?
    12·1 answer
  • Identify the supply chain management process that produces, tests, packages, and prepares products for delivery.
    12·1 answer
  • Answer these questions picture above.<br><br>​
    10·1 answer
  • Specifics
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!