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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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Answer:

$20,000

Explanation:

Calculation for the liability that should be reported for vacation pay

Using this formula

Liability=Vacation weeks*Compensation averaged per week for Year 1

Let plug in the formula

Liability=20 weeks × $1,000 per week

Liability = $20,000

Therefore the amount of liability that should be reported for vacation pay will be $20,000

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tensa zangetsu [6.8K]
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2 years ago
Cash larceny involves stealing cash from an organization before it is recorded on the organization’s books and records.
viktelen [127]

Answer:

False

Explanation:

Cash larceny is the action of stealing company cash  already been registered in the books of accounts for a specific accounting  period. An employee of the company perpetrates the theft. It involves the employee scheming and executing the taking away of cash recorded in the books without the employer's authority.

Cask larceny happens in the cash register,  in the safe, or from cash deposits in transit. In most instances, larceny involves small amounts of money. As the cash is recorded in the books of accounts, larceny can be detected with proper cash reconciliation.

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Senida is approached by a sales person to buy some perfume. The sales person uses the foot-in-the-door technique of gaining comp
oksian1 [2.3K]

Answer:

Senida is approached by a sales person to buy some perfume. The sales person uses the foot-in-the-door technique of gaining compliance to make Senida feel a need to buy the perfume. The sales person is taking advantage of the principle of <u>cognitive dissonance</u>  to persuade Senida to buy the perfume.

Explanation:

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