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3 years ago

The _____________ approach to GDP follows the flows of income to each sector of the economy and concludes with the GDP..

Business

1 answer:

grandymaker [24]3 years ago

6 0

Answer:

D. None of the above

Explanation:

Gross Domestic Product (GDP) is the total monetary value of all the goods and services a country produces within a period of time.

There are various approaches to calculating GDP which include; the income approach, expenditure approach and output approach.

The income approach to calculating GDP considers income from all the factors of production (profits, interest, rental and labor incomes) in each sector of the economy to arrive at the National income of the country.

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On January 1, 2020, Bonita Company purchased 12% bonds, having a maturity value of $320,000 for $344,260.74. The bonds provide t

Delvig [45]

Answer:

Following are the responses to the given points:

Explanation:

For point a:

Criteria I

Date: 1-1.2020 Debt Investments $\$3,44,260.74$

cash $\$3,44,260.74$

For point b:

Criteria II

Date: 31.12.2020 Interest Account receivable to pay $\$38,400.00 \ \ \ \ \ \ \ \ \ \ 320000\times 12\%$

Debt Investments $\$3973.93$

rate of Revenue $\$34,426.07(\$344,261.74 \times 0.10)$

31.12-2020 Fair Value Adjustment $1713.19$

Gain or loss - equity unrealized holding $1713.19$

for point c:

Criteria III

31.12-2021 Interest Account receivable to pay $\$38,400$

Debt Investments $\$4,371$

rate of Revenue $\$34,029$

31.12-2021 Gain or loss - equity unrealized holding $\$7,927.69$

Fair Value Adjustment $\$7,927.69$

$329700-335914.50=6214.50+1713.19 =7,927.69$

Please find the attached table.

8 0

3 years ago

Breaking rules at a factory could mean all of the following, except

Margaret [11]

Breaking rules at a factory could mean all of the following except demotion.

3 0

3 years ago

Tim is trying to compute how many salespeople his business needs for the upcoming year. He wants his salesforce to call on each

Vinvika [58]

Answer:

Tim's business should have 50 sales person

Explanation:

Number of customers = 1,000 customers

Call frequesncy to each = 50 times

Average Length of call = 2 hours

Average sales persons time = 2,000 hours per year

Total Time = Customers x Average time per call x Call frequesncy

Total Time = 1,000 x 2 x 50 = 100,000 hours per year

Number of Sales people required = Total time / Average time per sales person = 100,000 / 2,000 = 50 sales person

4 0

3 years ago

Read 2 more answers

2.1: A debit is A : a decrease to an account. B : an entry on the left side of an account. C : an entry on the right side of an

Luba_88 [7]

Answer:

B : an entry on the left side of an account.

Explanation:

There are two terms i.e debit and credit.

The accounts that reported as an expense, losses, assets are recorded in the left-hand side of an account as it contains the debit balance.

While the account reported as a revenue, gains, liabilities & stockholder equity are recorded in the right-hand side of an account as it contains the credit balance.

7 0

3 years ago

In its 2021 income statement, Cohen Corp. reported depreciation of $3,700,000 and interest revenue on municipal obligations of $

ella [17]

Answer:

The correct answer is $300,000.

Explanation:

According to the scenario, the computation of the given data are as follows:

First we calculate the difference in depreciation,

So, difference in depreciation = $5,500,000 - $3,700,000 = $1,800,000

As, Depreciation is for 3 years,

So, depreciation per year = $1,800,000 ÷ 3 = $600,000

Now, we can calculate the deferred income tax liability as follows:

Deferred income tax liability = $600,000 × 20% + $600,000 × 15% + $600,000 × 15%

= $120,000 + $90,000 + $90,000

= $300,000

5 0

3 years ago