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Galina-37 [17]
3 years ago
5

Categories of expenditures

Business
1 answer:
Evgesh-ka [11]3 years ago
4 0

Answer:

1. Bob buys a sweater made in Guatemala. - it is an import (M), not included in GPD.

Imports are substracted from exports to reach net exports, which are part of GDP. This is an import because Bob lives in the U.S. and the sweater was made in Guatemala.

2. The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore. - Government purchases (G), included in GDP.

It is a government purchase because it is the state authority who is investing the resources in repaving the highway.

3. Cho gets a new video camera made in the United States. - it is consumption (C), included in GDP.

Cho lives in the U.S. and buys a camera made in the U.S., this is private consumption.

4. Eric buys a new set of tools to use in his plumbing business. - it is investment (I), included in GDP.

Investment are the purchases of goods, by private individuals or firms, with the goal of obtaining future economic benefits from their use. In other words, Investment is the purchase of assets. Eric is buying an asset for his business: a set of tools.

5. Bob's employer assigns him to provide consulting services to an Australian firm that's opening a manufacturing facility in China. - it is an export (X), included in GDP.

Exports are goods and services, produced domestically, but sold abroad. Bob is providing a service to a foreign company, and as an person living in the U.S., the value of that service is an export, and included in the GDP calculation.

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Palmona Co. establishes a $140 petty cash fund on January 1. On January 8, the fund shows $29 in cash along with receipts for th
Korolek [52]

Answer:

Entries are posted

Explanation:

We will record assets and expenses on the debit as they increase during the year and will record liabilities and capital on the credit side as they increase during the year or vice versa.

January 1 (Cash fund being recorded in petty cash)

Account                                   Debit         Credit

Petty Cash                              $140

Cash                                                            $140

January 8

Postage                                   $46

transportation-in                     $14

delivery expenses,                  $16

miscellaneous expenses,       $35

Cash                                                               $111

January 8 ( petty cash funds being increased )

Pettcash                                  $50

Cash                                                               $50

8 0
3 years ago
Lance Chips granted restricted stock units (RSUs) representing 40 million of its $1 par common shares to executives, subject to
Rom4ik [11]

Answer:

$200 million

Explanation:

Data provided in the question

Number of granted restricted stock = 40 million at $1 par common shares

The market price per share = $5

So, the total compensation cost is

= Number of granted restricted stock × market price per share

= 40 million × $5 per share

= $200 million

Basically we multiplied the number of granted restricted stock with the market price per share

8 0
3 years ago
What is the information that helps managers determine how to do better than others?
PolarNik [594]
Well managers learn more efficient ways than most others which helps them alot such as having people on task, making sure no one is lacking on working times or any thing is messed up. managers are the ones who keep tracks on tasks that not alot of others can.

4 0
3 years ago
What is an example of a flame?
Dafna1 [17]

The answer is C , I just took the test

5 0
3 years ago
Read 2 more answers
What are organizations that are in the business of benefiting society and operate like a business called
Rudik [331]

Answer:

Nonprofit organisation

Explanation:

A nonprofit organisation is also known as nonbusiness entity is dedicated to promoting a social cause by taking surplus in the society to further a particular objective. Nonprofit organisations are usually exempt from tax for the contributions they receive.

There are not accountable to shareholders but rather to donors, volunteers, program recipients, and the community at large.

4 0
3 years ago
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