All categories

2 years ago

Real GDP per capita is NOT an adequate measure of

Business

1 answer:

mrs_skeptik [129]2 years ago

5 0

Answer:

The correct answer is the well-being of each person in an economy.

Explanation:

Also known as the "Standard of living", this is something that cannot be reflected from the per capital income, whether it's nominal or real. The reason is when you divide the GDP from the population, the assumption is all the GDP is distributed among the population equally.

But this is not the case in the real world and there are many variances, discrimination, discrepancies and inequalities when the wealth and resources are distributed.

You might be interested in

All of the following describe a balance sheet except which one? A. The balance sheet reflects the results of multiple transactio

jasenka [17]

The answer to this question would be D the balance sheet contains only assets and liabilities sections

4 0

3 years ago

Jjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjj

galben [10]

Jjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjj

8 0

2 years ago

Tara Westmont, the stockholder of Tiptoe Shoes, Inc., had annual revenues of $185,000, expenses of $103,700, The company paid $1

earnstyle [38]

Answer:

The entry to close the Income Summary account at the end of the year, after revenue and expense accounts have been closed is:

Debit Income Summary Account $63,300

Credit Retained Earnings $63,300

To close the income summary account.

Explanation:

a) Closing entries are made to close the temporary (Income Summary) accounts so that only the permanent (balance sheet) accounts remain. Temporary accounts are period accounts whose balances are taken to the income summary account. They are not carried over to the next accounting period, except the net financial performance result, known as the net income, which adjusts the Retained Earnings.

5 0

2 years ago

Give reasons to show why management is inexact science and not an exact science?

Sloan [31]

Explanation:

It is true that is inexact science neither precise nor as comprehensive as natural and pure science.

7 0

2 years ago

Statement of retained earnings Hayes Enterprises began 2019 with a retained earnings balance of $ 928 comma 000. During 2019,

Temka [501]

Explanation:

a. The preparation of the statement of retained earnings for the year ended December 31, 2019 is presented below:

Hayes Enterprises

Statement of retained earnings

For the year ended December 31, 2019

Beginning balance of retained earning $928,000

Add: Net income $377,000

Less: Cash Dividend paid

Preference stock dividend -$47,000

Common stock dividend $210,000

Ending balance of retained earning $1,048,000

The common stock dividend is

= $928,000 + $377,000 - $47,000 - $1,048,000

= $210,000

b. The earning per share is

Earning Per share = (Net income - Preferred Dividends) ÷ (Average Common shares outstanding)

= ($377,000 -$47,000) ÷ (140,000 Shares)

= $2.36 per share

C. Dividend per share = Common Stock dividend ÷ Common Shares outstanding

= $210,000 ÷ 140,000 shares

= $1.50

8 0

3 years ago