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Colt1911 [192]
3 years ago
10

Consider the following simple economy that produces only three​ goods: 2009​ (Base Year) 2017 Product Quantity Price Quantity Pr

ice Denim pants 80 ​$40 100 ​$50 Wine 90 11 80 10 Textbooks 15 90 20 100 Real GDP in 2017 equals ​$?
Business
1 answer:
OLEGan [10]3 years ago
4 0

Answer:

Real GDP 2017 = $6.680

Explanation:

First of all you have to calculate the GDP in 2009

80 * $40= $3.200  

90 * 11 = $990  

15 *90 = $1.350  

GDP 2009 = $5.540  

Now you have to calculate the GDP with the quantities of 2017 and the prices of 2009:

100 * $40 = $4.000  

80 * $11 = $880  

20 * $90 = $1.800

Real GDP 2017 = $6.680

Now you know the real GDP in the year 2017, without the effect of the inflation that is the variation of the prices through the years, and as you can see the real GDP is greater than the GDP 2009 .

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Prepare journal entries to record the issuance of the bonds and the retirement of bonds. (Show computations and round to the n..
Vikentia [17]

Answer:

issuance entry:

cash                   2,850,000 debit

discount on BP     150,000 debit

         bonds payable           3,000,000 credit

--to record issuance--

bonds payable      600,000 debit

loss on redemption 30,000 debit

interest expense     56,250 debit

                 cash                     662,250 credit

                 discount on BP      24,000 credit

--to record redemption ---

Explanation:

proceeds at issuance : $3,000,000 x 95/100 = 2,850,000

the difference will be the discount.

Now, when the bonds are retired we have to check the weight:

3,000,000 --> 120,000

  600,000 --> 120,000/3,000,000 x 600,000 = 24,000

<u><em>cash outlay</em></u> 600,000 x 101/100 = 606,000

loss redemption

we pay 606,000

for bonds which are worth: 600,000 - 24,000 = 576,000

The loss is the difference.

then, we calcualte the accrued interest:

principal x rate x time

3,000,000 x 7.5% x 3/12 = 56,250‬

this will be an interest expense

as well as an additional cash outlay

5 0
3 years ago
Dividing up the market by how much a consumer uses a product or service is called?
just olya [345]

Answer:

benefit segmentation (behavioral segmentation) dividing the market into segments according to the different benefits that consumers seek from the product.

Explanation:

6 0
2 years ago
Refer to "Terrorism Preparedness" in your assigned readings. According to the article, identify what local, county, and state as
Mkey [24]

Answer: As a terorrism preparedness, local, country and state assets need to be in place as an answer to counterterrorism preparedness. National infrastructure preparedness plan which outlines how government and private sector participants in the community can work together to manage risks and achieve security and resilience outcomes.

The National Infrastructure and Computer Intrusion Program also have a role in preventing terrorist act by identifying, protecting, preventing and detecting of computer intrusions. Assets include the major electrical, communications, and water facilities; transportation hubs; energy plants and other infrastructure which are instrumental in terrorism attack.

Explanation:

5 0
3 years ago
Identify the correct order of the four steps used to prepare a production cost summary (report). 1)Summarize the cost flow of ph
Veronika [31]

Answer:

The answer is "Option C".

Explanation:

The Costs of production relate to the price of a company producing or producing a service, which can include the range of expenditures, like labor, manufactured goods, supplies of items, and expenses. It has mainly four steps that can be defined as follows:

  • Complete the physical unit flow.
  • Measure the production unit's equivalent.
  • Compare the value per unit for output equivalent.
  • Assign costs to finished units and manufactured units.

5 0
2 years ago
The price of crude oil increases 50%. This will cause a change in ( supply/ quality supplied )
Paladinen [302]

Answer:

See below

Explanation:

A price increase motivates suppliers to avail more products for sale in the markets. High prices tend to have a high margin hence more profits. Like other businesses, oil producers are profit-motivated; they will supply more quantities if there is a high probability of making more profits.

The law of supply explains the correlation between supply and price. As prices increase, supply also tends to increase.

5 0
3 years ago
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