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soldi70 [24.7K]
3 years ago
6

How does the economy coordinates society's independent economic actors?

Business
2 answers:
Juliette [100K]3 years ago
7 0
They do it by using a method called, “Gross domestic product<span>” as a unit of measurement. 
Gross Domestic products measures the overall value of final goods and services that produced by a nation within a certain timeframe period. High Gross domestic products usually indicates that the nations have been using its resource efficiently and improve its economy. </span>
frozen [14]3 years ago
4 0
<span>The economy coordinates society's independent economic actors via a method titled Gross Domestic Produce. Gross Domestic Product, often referred to as GDP, is simply the market value of goods and services that are created within a country during a specific period of time.</span>
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Sundance Systems has the following transactions during July.
inn [45]

Answer:

Jul-05 Dr Inventory $118,800

Cr Accounts Payable $118,800

Jul-08 Dr Accounts Payable $5,400

Cr Inventory $ 5,400

Jul-13 Dr Accounts Payable $ 113,400

Cr Cash $108,864

Cr Inventory $4,536

Jul-28 Dr Accounts receivables $ 134,400

Cr Sales revenue $ 134,400

Jul-28 Dr Cost of Goods Sold $108,864

Cr Inventory $108,864

Explanation:

Preparation of the journal entry to Record the transactions of Sundance systems, assuming the company uses a perpetual inventory system

Jul-05 Dr Inventory $118,800

Cr Accounts Payable $118,800

(44 LCDs x $2700)

(Being to record inventory purchased on account)

Jul-08 Dr Accounts Payable $5,400

Cr Inventory $ 5,400

(2 LCDs x $2700)

(Being to record inventory returned that were defective)

Jul-13 Dr Accounts Payable $ 113,400

(42 LCDs x $ 2700)

Cr Cash $108,864

($ 113,400-$4,536)

Cr Inventory $ 4,536

(42 LCDS x $ 2700 x 4%)

(Being to record Amount paid within discount term of 10 days)

Jul-28 Dr Accounts receivables $ 134,400

[42 LCDs x $ 3200]

Cr Sales revenue $ 134,400

(Being to record Inventory sold)

Jul-28 Dr Cost of Goods Sold $108,864

(42 LCDS x $ 2700 x 96%)

Cr Inventory $108,864

(Being to record Cost of inventory sold adjusted)

4 0
3 years ago
A company wants to have $20,000 at the end of a ten-year period by investing a single sum now. How much needs to be invested in
SSSSS [86.1K]

Answer:

8448.22

Explanation:

We are asked to calculate the present value of 20,000 in ten years.

\frac{amount}{ {(1  + rate)}^{time} }  = present \: value

\frac{20000}{ {(1  + 0.12)}^{10} }  = 8448.22

<em>Resuming: </em>in this kind of problems we are asked for which lump sum becomes a certain amount in a given period of time at an annual rate

3 0
3 years ago
Wells Company's delivery truck, with a cost of $56,000 was destroyed by fire. At the time of the fire, the balance of the Accumu
seraphim [82]

Explanation:

Is the answer C if not please explain

8 0
3 years ago
Can someone please Explain why both the General Minimum Wage rate and the Student’ rate are linear patterns.
victus00 [196]

I dont even get this

4 0
3 years ago
Brittney's employer matches 25% of her 401(k) contributions up to $1500.
murzikaleks [220]

Answer:

APEX - 1000

Explanation:

6 0
3 years ago
Read 2 more answers
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