If real GDP was 2630 and grew annually at 3%, The value of real GDP ten years later is going to be $67670
<h3>How to solve for real GDP </h3>
We have to start by starting the formula A = P(1+r)^n
We have P = principal = 2620
We have r as the rate of interest = 3% = 0.03
We have the number of years n = 110
We have to put these values in the formula we have
A= 2620(1+0.03)^110
= 67669.9
This is approximated to be
= 67670
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The King or Queen that's ruling during the time will choose what they want to do.
A. Kill Him
B. Ban Him
C. Humiliate Him
D. Put Him In Prison
Answer:
The correct option is option D which is When 2006 is chosen as the base year, the inflation rate is 50 percent in 2007.
Explanation:
For the fixed basket, the price is 2006 is given as
Basket Price =$3*10+$5*6=$30+$30=$60
Now the price of basket in 2007 is given as
Basket Price=$5.40*10+$6*6=$54+$36=$90
Now as the inflation rate is given as
Price in 2007/Price in 2006=$90/$60=1.5
this indicates that the prices have become 1.5 times or have increase 50% Thus the inflation rate is 50%
I believe the answer is D. update the records
Answer:
Following are the solution to this question:
Explanation:
By IAS 1 — Annual Report presentation, 3 concepts were all first consideration, its second consistency as well as the third reporting framework related to investment based that can be define as follows:
- Full accrual basis: its IAS 1 allows an organization to compile all financial reports through an accounting standards basis, with exception of working capital details. Even more cash accounting is a method to record profit or expenditure account balances when they are made.
- All financial statements throughout the United States were repayment-based. Any cost will not be reported underneath the accrual system once it is accruing. It implies that recognition is irrelevant whenever a company pays cash to pay an expense.
- Thus the allocation of 2 million to the year that the Pleasant Corp. was created must be listed as just an expense. As well as the remaining payment amount must be listed as expenses once it is paid. Future interventions throughout the current FY should not be published.
- Also, notice the payment incoming to ensure that you will be prepared when due, but just don't join the way of supporting using the cash method. It simply reports an expense of what you are pay if you make a payment when you choose to use the cash method. Consequently, until the next date, you would not modify your reporting, which is also known as journal entries.
