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4 years ago

GDP tends to _____.

Business

1 answer:

sveta [45]4 years ago

3 0

Answer:

understate economic welfare, because it does not take into account increases in leisure

Explanation:

Although GDP is used as an indicator to assess a state or nation's standard of living, this indicator has a number of limitations. GDP does not take into account of leisure, levels of health and education, activities conducted outside the market, environmental quality etc. For example, country A might have a higher GDP than country B yet country A's workers work for more hours annually than country B.

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A fee interest timeshare divides the ownership of a unit into separate time intervals.

Elenna [48]

Answer:

The correct answer is letter "A": True.

Explanation:

A fee interest timeshare or a simple fee represents the highest possible ownership interest someone can hold in real estate. It implies the property in reference is deeded so it is provided officially the owners to the document holder. Thus, that individual could use the property at will.

6 0

3 years ago

In January, 2021, Summit Department Store sells a gift card for $50 and receives cash. In February, 2021, the customer comes bac

PtichkaEL [24]

Answer:

Feb. 2021

Dr Gift Card Liability $20

Cr Gift Card Revenue $20

(to record revenue arisen from oustanding Gift Card Liability)

Explanation:

Under GAAP, the accounting for Gift Card is quite simple. When the gift card are sold, Gift Card Issuer receives Cash (Debit Cash) and assume the Liability (Cr Liability) to anyone owning the gift card for later providing of goods/services priced at the Cash amount that had been received.

It is not until Gift Card is redeemed that Gift Card Issuer is allowed to record revenue (Credit Revenue) as it is an actual point of time when the provide of goods/services takes place. Also at the same time, once the goods/services are provided, they Liability assumed earlier in time through Gift Card issuance will be discharged to the extent of the price of goods/services provided.

7 0

3 years ago

Consider the following financial statement information for the Sourstone Corporation:

DENIUS [597]

Answer:

A. 56.32 days

B. 40.38 days

Explanation:

The Operating cycle is the Inventory period + AR period

Inventory period= 365/(Cost of goods sold/Average inventory)

Average inventory= (Beginning Inventory + Ending Inventory)/2

Accounts Receivable period= 365/(Credit Sales/Average Accounts Receivable )

Average Accounts Receivable= (Beginning Accounts Receivable + Ending Inventory Accounts Receivable)/2

Calculated Inventory period= 42.58 days

Calculated Accounts Receivable period= 13.74 days

The Cash cycle is also called the Net Operating cycle which is the Inventory period + Accounts Receivable period- Accounts Payable period

Accounts Payable period= 365/(Cost of goods sold/Average Accounts Payable)

Average Accounts Payable = (Beginning Accounts Payables + Ending Inventory Accounts Payable)/2

Calculated Accounts Payable period= 15.94 days

5 0

3 years ago

According to the table, if the interest rate on this account were 10 percent, how much money would you have in the account at th

Sergio [31]

You would have $10.50 just double the rate

3 0

3 years ago

Providing managers with increased visibility of the entire logistics process so that they can improve the efficiency of the enti

Paul [167]

The primary function of <u>supply chain management</u> system is to provide the managers with increased visibility of the entire logistics process so that they can improve the efficiency.

<h3>What is the supply chain management?</h3>

In a firm, the supply chain management refers to an operational section that manages the flow of goods, services, tasks and processes that take place from the input of raw materials to the output.

In conclusion, the primary function of any <u>supply chain management</u> system is to provide the managers with increased visibility of the logistics process.