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3 years ago

Gdp includes the value of all select one:

1 answer:

5 0

The correct answer is A.

GDP consists of all FINAL goods and services, and the only way it can be measured is through market prices.

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When the price of Nike soccer balls fell, Ronaldo purchased more Nike soccer balls, and fewer Adidas soccer balls. Which of the

Pie

Answer:

The correct answer is (A)

Explanation:

Nike and Adidas are considered as substitute goods that means they have positive cross elasticity of demand. When the price of Nike soccer balls fell, Rolando purchased more Nike balls compared to Adidas balls because of the substitution effect. The substitution effect led to this decision. A substitute effect is a change in the purchase decision, due to an increase in the price of one substitute good.

8 0

3 years ago

Which scenario below is an example of complementary products, based on their cross-price elasticity?A. Bananas and lettuce, with

ipn [44]

Answer: B. Shampoo and conditioner, with an elasticity of -3.5.

Explanation:

Complimentary products are those which see their quantity demanded move together because the goods usually compliment each other like tea and sugar.

Their Cross-price elasticity shows this by being a negative figure. This is because when the price of one commodity goes up, the quantity demanded of the other goes down because higher prices lead to lower quantity demanded.

The actual question showed that Conditioner and Shampoo had a cross-price elasticity of -3.5 so this is the correct answer.

3 0

3 years ago

In 2018, Ryan Management collected rent revenue for 2019 tenant occupancy. For financial reporting, the rent is recorded as defe

Tema [17]

Answer:

The Journal entries are as follows:

(i) In 2018,

Income Tax Expense A/c Dr. $24

Deferred Tax Assets A/c ($40 × 30%) Dr. $12

To Income Tax Payable ($120 × 30%) $36

(Being income tax and deferred tax recorded for 2018)

(ii) In 2019,

Income Tax Expense A/c Dr. $45

To Income Tax Payable ($140 × 30%) $42

To Deferred Tax Assets ($10 × 30%) $3

(Being income tax and deferred tax recorded for 2019)

6 0

3 years ago

Sudoku Company issues 17,000 shares of $8 par value common stock in exchange for land and a building. The land is valued at $230

steposvetlana [31]

Answer:

Debit Land for $230,000

Debit Building for $372,000

Credit Common Stock (w.1) for $136,000

Credit Paid in capital in excess of per value (w.2) for $466,000

Explanation:

The journal entry will look as follows:

Account Name Dr ($) Cr ($)

Land 230,000

Building 372,000

Common Stock (w.1) 136,000

Paid in capital in excess of per value (w.2) 466,000

(To record issuance of stock in exchange for the land and building.)

Workings:

w.1: Common stock = Number of shares issued * Price per share = 17,000 * $8 = $136,000

w.2: Paid in capital in excess of per value = Value of land + Value of building - Common stock = $230,000 + $372,000 - $136,000 = $466,000

4 0

3 years ago

While many others dreamed about owning their own business, Holly Gabrel decided to do something about it. Holly knew that being

Eva8 [605]

Answer:

e. all of these should be included.

Explanation:

These listed items are not entrepreneurial personality traits. Holly is not expected to have any of them as traits because they are not. Personality traits are human characteristics, which propel Holly as an entrepreneur to take entrepreneurial risks. They include Creativity, Risk-taking, Passion, Planning, Social Skills, Open-mindedness, Decisiveness, Positivity, etc. Holly abundantly possesses them.

5 0

3 years ago