Answer:
A) gross national product (GNP)
Explanation:
The gross domestic product (GDP) measures the market value of the total production of final goods and services produced within a country during a year.
The GNP is different because it measures the market value of the total production of goods and services produced by the people or businesses of a country within a year. For example, sales of Apple products in Europe do not increase the GDP, but they increase the GNP.
Answer:
Double Declining Depreciation rate = 1/5*2
Double Declining Depreciation rate = 40%
Double Declining Depreciation for 2021 = $75,000*40%
Double Declining Depreciation for 2021 = $30,000
Book value at December 31, 2021 = $75,000 - $30,000
Book value at December 31, 2021 = $45,000
Answer: d. credit to Salaries and Wages Payable for $24,752.
Explanation:
Salaries and Wages payable are calculated by deducting taxes from the gross salaries and wages.
= 32,000 - 4,800 - 2,448
= $24,752
Salaries and Wages Payable will be credited $24,752 to reflect that this amount is owed to employees.
<span>Because they can control product price, monopolists are always assured of profitable production by simply charging the highest price consumers will pay. False.
The pure monopolist seeks the output that will yield the greatest per-unit profit. False.
An excess of price over marginal cost is the market's way of signaling the need for more production of a good. True.
The more profitable a firm, the greater its monopoly power. Neither false nor true. This can not be easily determined.
The monopolist has a pricing policy; the competitive producer does not. True.
With respect to resource allocation, the interests of the seller and of society coincide in a purely competitive market but conflict in a monopolized market. True.
In a monopoly, one has exclusive control over a supply or trade of a good or service.
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