Answer:
C
Explanation:
The GDP or gross domestic product measures the market value of all goods and services produced in country in a specific period of time. This year GDP should not include the log-splitter because Sally purchased it five years ago. We should include this year purchases: new parts, gasoline, oil. Also, we should include the market value of the 2 hours she spent repairing the log-splitter if she paid someone to do it or if someone paid her to do it, because this is a service. But the problem suggests that she repaired her own log-splitter, then we should not include it this year GDP.
The profit per unit is $5 and the total profit is $2,500.
Given in the Question:
Number of units = 500
Average cost per unit = $9
Market Price = $14
The profit per unit is calculated using formula:
= Market price - Average cost
= 14 - 9
= $5
The total profit is calculated using formula:
= Profit per unit x Number of units sold
= 5 x 500
= $2,500
Hence, The profit per unit is $5 and the total profit is $2,500.
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Answer:
Lorland
Zhangia
sandals
smoothies
Explanation:
A country should specialise goods for which it has a comparative advantage in its production.
A country should import goods for which it has no comparative advantage in its production.
A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.
Lorland
Opportunity cost in the production of one smoothie = 8/2 = 4
Opportunity cost in the production of one sandal = 2/8 = 0.25
Zhangia
Opportunity cost in the production of one smoothie = 5/1 = 5
Opportunity cost in the production of one sandal = 1/5 = 0.2
Zhangia has a comparative advantage inn the production of sandals and should specialise in the production of sandals while lorland has a comparative advantage in the production of smoothies specialise in the production of smoothies
Loriland should import sandals and export smoothies
Answer:
Explanation:
The journal entry is shown below:
Cash A/c Dr $255,780 ($261,000 × 98%)
Discount on bonds payable A/c $5,220
To Bonds payable A/c $261,000
(Being the issuance of the bond is recorded)
We assume the par value is $100 but the bond is issued less than the par value i.e $98 so the difference would be debited to the discounts on bond payable
I would say that this would be a guaranteed dividend stock on preferred shares because it must be paid on a regular basis as an obligation, and it would take precedence over other payments. Such a dividend is cumulative which means that if a payment is missed, no common stock payments can be made until that dividend is paid.