Alief ISD is better there you go
Answer:
Not counted in GDP
Explanation:
GDP is the sum of all final goods and services produced in an economy within a given period which is usually a year.
The components of GDP are :
1. Consumption spending - it is spending by households on final goods and services.
2. Investment spending- the purchase of inventories by businesses
3. Government Spending: the total amount of money spent by the government
4. Net Export - export less import.
GDP measures total output produced and stock isn't an output so it isn't added in the calculation of GDP.
I hope my answer helps you
Answer:
Cost of new machine:
= List price of new machine - Trade allowance + Fair value of old machine
= $16,000 - $9,000 + $6,000
= $13,000
Therefore, the journal entry is as follows:
Cost of new machine A/c Dr. $13,000
Accumulated depreciation (Book Value) A/c Dr. $4,000
Loss on exchange of machine A/c Dr. $2,000
To Old Machine (Book Value) $12,000
To Cash (16,000 - 9,000) $7,000
(To record the machine exchange)
Buying an established business means immediate cash flow. The business will have a financial history, which gives you an idea of what to expect and can make it easier to secure loans and attract investors. You will acquire existing customers, contacts, goodwill, suppliers, staff, plant, equipment and stock.
Buying a business is generally considered less risky than starting your own business, especially if you can buy a well-managed, profitable business for the right price. Consider these advantages:
The difficult start-up work has already been done. The business should have plans and procedures in place.
Buying an established business means immediate cash flow.
The business will have a financial history, which gives you an idea of what to expect and can make it easier to secure loans and attract investors.
You will acquire existing customers, contacts, goodwill, suppliers, staff, plant, equipment and stock.
A market for your product or service is already established.
Existing employees and managers will have experience they can share.
Iron ore, sugar, grains (rice & wheat)
