All categories

3 years ago

Which of the following is not correct?

Business

1 answer:

Lilit [14]3 years ago

5 0

Answer:

Option (D) is incorrect

Explanation:

Gross domestic product is a monetary value of all finished goods produced in a country within a specific time. Purchases of capital goods are included on the GDP. More importantly, government purchases are an important aspect in the calculation of gross domestic product. Purchases of the current year are included and only purchases of previous years are excluded.

You might be interested in

SMC had a 1/1/14 balance in the Allowance for Doubtful Accounts of $20,000. During 2014, it wrote off $14,400 of accounts and co

zhenek [66]

Answer:

b. $14,200

Explanation:

The computation of the bad debt expense is shown below:

= Balance in the Allowance for Doubtful Accounts - wrote off accounts + written off - estimated amount

= $20,000 - $14,400 + $4,200 - $24,000

= $14,200

The computation of the estimated amount is calculated below:

= Ending balance of accounts receivable × uncollectible percentage

= $480,000 × 5%

= $24,000

8 0

3 years ago

On January 1, 2020, the stockholders' equity section of Cheyenne Corp. shows common stock ($4 par value) $1,200,000; paid-in cap

MAXImum [283]

Answer:

The Journal entries are as follows:

On September 1,

(a) Cash A/c [8,500 × $14] Dr. $119,000

Excess of paid in capital A/c [8,500 × $1] Dr. $8,500

To treasury stock $127,500

(To record the treasury shares for cash)

(b) Cash A/c [8,500 × $11] Dr. $93,500

Excess of paid in capital A/c Dr. $20,000

Retained earnings A/c Dr. $14,000

To Treasury stock $127,500

(To record the restate entry for September 1)

4 0

4 years ago

The principle of diversification tells us that: Select one: a. concentrating an investment in two or three large stocks will eli

jonny [76]

Answer:

The answer is "Option E".

Explanation:

Please find the complete question in the attached file.

Varied portfolios and mixes of diversified assets get a different relationship, eliminating uncontrolled danger and only risk premium. Its total risk is a combination of non - systematic and systematic risks. Therefore, the diversification principle reduces some portion of the risk profile, and that is why distributing an investment across a range of varied assets reduces some of the risk profile.

7 0

3 years ago

Geared2Beer, a craft beer brand, identifies a market segment that is willing to pay premium prices for its craft beer, and Geare

kirill115 [55]

Answer:

target costing.

Explanation:

Based on the information provided within the question it can be said that the company's pricing approach is referred to as target costing. This term refers to an approach that is used in order to determine the product's life-cycle cost that will be spent in order to make sure the product meets it's standards in order to achieve the desired profit. Which is what is being done in this scenario in order to meet the ideal selling price.

4 0

4 years ago

If total assets increased by $190,000 during a specific period and liabilities decreased by $10,000 during the same period, the

shtirl [24]

Answer:

True

Explanation:

In the balance sheet, the assets, liabilities, and stockholder equity is recorded. In this the accounting equation is used which is shown below:

Total assets = Total liabilities + Stockholder equity

In the given question, the total stockholder equity would be

$190,000 = -$10,000 + stockholder equity

So, the stockholder equity would be

= $190,000 + $10,000

= $200,000

The debit and credit side of the balance sheet should always be equal and balanced.

Hence, the given statement is true

7 0

4 years ago