Answer:
$20,000
Explanation:
Given that
New car bought from the manufacturer = $17,000
Sale value of the new car = $20,000
And, the car is sold to Camille for $15,000
So by considering the above information, the amount i.e to be contributed to U.S GDP is
= Sale value of the new car
= $20,000
It represents the finalized value of the goods and services and the same is to be considered
The items that are initially recorded as an expense on the income statement are:
- a. Research and development costs
- b. Advertising costs
<h3>What is an Income Statement? </h3>
This refers to financial information that stores all the inflows and income that occurred over a period of time.
Hence, we can see that from the complete text, there are lists of items and the Research and development costs and Advertising costs are initially included as expenses in the income statement.
Read more about income statements here:
brainly.com/question/24498019
#SPJ11
Answer:
None of these is correct
Explanation:
The substitution effects is the decrease in sales for a product that can be attributed to consumers switching to cheaper alternatives when its price rises. The substitution effect is based on the idea that as prices rise, consumers will replace more expensive items with cheaper substitutions or alternatives, assuming income remains the same.
Answer:
The correct answer is $30 billions.
Explanation:
The checkable deposits are given as $140 billions.
The total reserves are $51 billions.
The required reserve rate is 30%.
The required reserves will be
=30% of $140 billions
=
=$42 billions
The excess reserves will be
=total reserves-required reserves
=$51-$42
=$9 billions
Maximum expansion by lending will be
=
=
=$30 billions
So, the money supply can be expanded by a maximum amount of $30 billions.
