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Naddika [18.5K]
3 years ago
13

Although gdp is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production

for that nation.
Business
1 answer:
Cloud [144]3 years ago
8 0
Gross domestic product does not represent off-the-books exercises, for example, looking after children, increase the value of the economy but are not answered to the legislature. It likewise doesn't consider the pleasure families encounter subsequently of the assortment of products accessible to buyers. Finally, GDP doesn't consider the expenses of overFshing and other excessively serious employments of assets.
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How many ink cartridges can you buy with 165 dollars if one cartridge costs 11 dollars
laiz [17]

Answer:

15

Explanation:

165 divided by 11 is 15. For any number over 10 that you divide by 11, you can ignore the middle number and take the digit in the hundreds place and the digit in the ones place.

7 0
3 years ago
Bond Features Maturity (years) 5 Face Value = $1,000Coupon Rate = 5.00%Coupon dates (Annual) Market interest rate today 5.00%Tim
german

Answer:

it should call back the bonds as it will save $8.25

Explanation:

Bond Price can be calculated using PV function. After 3 years,

N = 2, PMT = 5% x 1000 = 50, FV = 1000, I/Y = 2%

=> Compute PV = $1,058.25

Without the call option, the bond would be worth $1,058.25. But the firm can buy those bonds at $1,050.

Hence, it should call back the bonds as it will save $8.25

5 0
3 years ago
The measurement that equals cash receipts minus cash payments over a given period of time, is referred to as:
zavuch27 [327]
The above is referred to Net cash flow. Net cash flow to the difference between an organization's trade inflows and surges out a given period. In the strictest sense, net income alludes to the adjustment in an organization's money adjust as point by point on its income explanation. Cash flow is the cash that comes in and leaves an organization. It is the era of salary and the installment of costs. Money inflows result from either the era of income through the offering of products and enterprises, cash acquired, or cash earned through ventures.
3 0
3 years ago
Milbank Repairs & Service, an electronics repair store, prepared the following unadjusted trial balance at the end of its fi
DIA [1.3K]

Answer:

a. Journalize the adjusting entries necessary on June 30, 2019.

Fees earned but unbilled on June 30 were $9,070.

Dr Accounts receivable 9,070

    Cr Fees earned 9,070

Supplies on hand on June 30 were $7,410.

Dr Supplies expense 12,630

    Cr Supplies 12,630

The depreciation of equipment was estimated to be $12,530 for the year.

Dr Depreciation expense - equipment 12,530

    Cr Accumulated depreciation - equipment 12,530

The balance in unearned fees represented the June 1 receipt in advance for services to be provided. During June $17,420 of the services was provided.

Dr Unearned fees 17,420

    Cr Fees earned 17,420

Unpaid wages accrued on June 30 were $1,600.

Dr Wages expense 1,600

    Cr Wages payable 1,600

b. Determine the revenues, expenses, and net income of Milbank Repairs& Service before the adjusting entries.

Fees Earned $501,120

- Wages Expense $116,260

- Rent Expense $88,700

- Utilities Expense $63,640

<u>- Miscellaneous Expense $10,020</u>

Net income $222,500

c. Determine the revenues, expenses, and net income of Milbank Repairs & Service after the adjusting entries.

Fees Earned $527,610  

- Wages Expense $117,860

- Rent Expense $88,700

- Utilities Expense $63,640

- Depreciation expense $12,530

<u>- Miscellaneous Expense (including supplies) $22,650</u>

Net income $222,230

d. Determine the effect of the adjusting entries on Nancy Townes, Capital.

Nancy Townes is the owner of Milbank Repairs & Service, and since this is a sole proprietorship (she is the sole owner), the retained earnings account does not exist. So any profits or losses will increase or decrease her capital account respectively. Since after the adjustments the net income decreased by $270, her capital account will also decrease by $270.

5 0
2 years ago
Ellie has been working for an engineering firm and earning an annual salary of $80,000. She decides to open her own engineering
ASHA 777 [7]

Answer and Explanation:

The computations are shown below:

1. For annual implicit cost

= Earning annual salary + earned annual interest

= $80,000 + $500

= $80,500

2. For Annual accounting cost

= Explicit cost

= Direct expenses

= Office rent + rent of equipment + supplies + utilities + salary of a book keeper

= $15,000 + $3,000 + $1,000 + $1,200 + $35,000

= $55,200

3. For economic cost

= Accounting cost + implicit cost

= $55,200 + $80,500

= $135,700

4. For revenue

= Accounting profit + profit

= $55,200 + $50,000

= $105,200

5. For revenue

= Economic cost + profit

= $135,700 + $50,000

= $185,700

8 0
3 years ago
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