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wolverine [178]
3 years ago
13

what's the difference between gross domestic product and gross national product. what is the significance of this distinction fo

r Nigeria ​
Business
1 answer:
ryzh [129]3 years ago
4 0
The main difference is that GNP (Gross National Product) takes into account net income receipts from abroad. GDP (Gross Domestic Product) is a measure of (national income = national output = national expenditure) produced in a particular country. GNP (Gross National Product) = GDP + net property income from abroad.
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Magic Realm, Inc., has developed a new fantasy board game. The company sold 16,400 games last year at a selling price of $70 per
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Explanation:

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Why is knowledge of the key success factors in an industry important?
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At green acres fencing company, eight employees each perform various aspects of the company's work. one person does sales, four
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As of the end of its accounting period, December 31, Year 1, Great Plains Company has assets of $940,000 and liabilities of $300
Anvisha [2.4K]

Answer:

Th answer is: net income for year 2 is $45,000

Explanation:

We must first determine the equity for both years (equity= assets - liabilities)

  • Equity year 1 = $940,000 - $300,000 = $640,000
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Then we calculate the change in equity:

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Finally to determine the net income or year 2 we use the following formula:

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4 0
3 years ago
Feather Company's inventory is recorded at its historical cost of $100,000. The replacement cost currently is $95,000; estimated
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Answer:

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Given that

Estimated selling price = 102000

Estimated selling cost = 5000

Recall that

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Thus,

NRV = 102,000 - 5000

= 97000

Therefore, the estimated net realizable value is $97000.

Note, the other parameters listed are not used in estimating NRV.

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3 years ago
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