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Scilla [17]
3 years ago
12

What is the difference between real and nominal gross domestic product (GDP)?

Business
1 answer:
Xelga [282]3 years ago
8 0

Answer:

the difference between real  GDP and nominal GDP is that real GDP is a adjustment for inflation since nominal GDP is calculated using current prices

Explanation:

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On January 1, 2018, UML Company leased a machine to UMB Corporation. The lease qualifies as a sales-type lease. UML paid $240,00
nexus9112 [7]

Answer:

Date                     Account Title                                    Debit                Credit

Dec 11, 2018         Interest receivable                        $20,600

                             Interest revenue                                                      $20,600

Explanation:

The interest receivable on December 31, 2018 would be based on the lease amount at the end of the year which will be the present value of the lease less the lease amount paid for the year:

Lease amount = 240,000 - 34,000

= $206,000

Interest receivable = 206,000 * 10%

= $20,600

6 0
3 years ago
Proco had an account payable of $6,400 due to Shirmoo Inc., one of its suppliers. The amount was due to be paid on January 31. P
Anna007 [38]

Answer:

          assets                          =            liabilities                       +       equity

a)        NA                                         - $6,400 AP

                                                       <u>+ $6,400 NP</u>

                                                        net effect $0

b)        NA                                         + $128 interest              - $128 retained

                                                                    payable                        earnings

c)     -$6,528 cash                         -$6,400 NP                                 NA

                                                      -$128 interest p.                  

         revenue                  -                expenses                  =             income

a)       NA                                            NA                                           NA

b)       $0                                           $128                                        -$128

c)       NA                                            NA                                           NA

8 0
3 years ago
Select the budget that would most quickly achieve the financial goal of saving $6000 for college tuition. Monthly Budget Budget
Artemon [7]

Answer:

it's A.

Explanation:

Just took the test

7 0
3 years ago
Select the statement that does not support the narrow view of non-managerial employees' responsibilities to their employer, the
devlian [24]

Answer:

B. Employees who agree to obey employers are not truly abandoning their own responsibility.

Explanation:

This statement contradicts the narrow-view because it is telling us that even if employees obey managers in most, of all cases, employees also have their own, authonomous responsabilities, which, by their own will, they try to fulfill, giving them individual agency outside of direct employer control.

4 0
3 years ago
Rowena has a $150,000 homeowner's insurance policy with a $1,000 deductible on her house. Her premium payment is $100 per month.
Ulleksa [173]
I would say C. $2200 because she pays $100 per month for the insurance so $100 x 12 = $1200 so that is the cost per year for the premiums. If she has a $5000 claim and has a $1000 deductible then she will have to pay the first $1000 of the $5000 so $1000 + $1200= $2200.
5 0
3 years ago
Read 2 more answers
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