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3 years ago

Which of the following transactions adds to U.S. GDP for 2006?

Business

1 answer:

larisa86 [58]3 years ago

4 0

Explanation:

Remember that the GDP measures the market value of all goods and services produced in an economy (country or region) in a specific period of time

a. This does not add to the U.S GDP for 2006 because windows were produced in 2010.

b. This does not add to the U.S GDP for 2006 because the Irish marketing consultant earns in 2010.

c. This does not add to the U.S GDP for 2006 because Tim and Tina got married in 2010.

d. Transactions that add in 2010 GDP do not count in 2006 GDP.

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Fill in the missing amounts.

Marrrta [24]

Answer:

Find my analysis below

Explanation:

The gross profit rate is the portion of net sales earned as gross profit prior to considering operating expenses as indicated by the formula below:

gross profit rate=gross profit/net sales

The profit margin measures the net income as a percentage of net sales

profit margin=net income/net sales

Crane company Sheridan company

Sales revenue $94,200 $103,000

sales returns and allowance $14,000 $3,000

Net sales $80,200 $100,000

cost of goods sold $54,200 $50,000

Gross profit $26,000 $50,000

Operating expenses $14,700 $34,400

Net income $11,300 $15,600

Gross profit rate=gross profit /net sales 32.4% 50.0%

Profit margin=net income/net sales 14.1% 15.6%

Crane company Sheridan company

Sales revenue 94200 =F5+F4

sales returns and allowance =E3-E5 3000

Net sales 80200 100000

cost of goods sold 54200 =F5-F7

Gross profit =E5-E6 50000

Operating expenses 14700 =F7-F9

Net income =E7-E8 15600

Gross profit rate=gross profit /net sales =E7/E5 =F7/F5

Profit margin=net income/net sales =E9/E5 =F9/F5

7 0

3 years ago

One major benefit of using the Bank Feeds feature in QuickBooks Online is that as you _________________ or __________________ tr

Alex73 [517]

Answer:

1. Exclude

2. Add

3. Reconciled

Explanation:

QuickBooks Online supports Bank feeds features, which in turn allows a user to perform ADDITION or EXCLUSION of transactions online, which results in such transaction are marked RECONCILED.

Hence, one of the major benefits of using the Bank Feeds feature in QuickBooks Online is that as you EXCLUDE or ADD transactions in QuickBooks Online from the downloaded transactions from the bank, they are marked RECONCILED. This makes the end-of-period bank reconciliation more efficient.

8 0

3 years ago

What are the pros and cons of being a single decision-maker?

Tanya [424]

Pros:

No one can stop you from picking that person/place/thing.

Cons:

you don't know what to decide.

6 0

3 years ago

Read 2 more answers

What are the disadvantages of using social media to evaluate candidates for a job opening? Check all that apply

leva [86]

Answer:

a. Some candidates may have little or no social media presence.

d. Social media profiles may not paint a complete picture of people.

e. Social media profiles cannot accurately predict future job performance.

Explanation:

i just got it right :)

5 0

2 years ago

Read 2 more answers

On June 15, Harper purchased equipment for $100,000 from Imperial Corp. and signed for the goods as President of the company. He

Ivenika [448]

Full question:

On June 15, Harper purchased equipment for $100,000 from Imperial Corp. for use in its manufacturing process. Harper paid for the equipment with funds borrowed from Eastern Bank. Harper gave Eastern a security agreement and financing statement covering Harper’s existing and after-acquired equipment. On June 21, Harper was petitioned involuntarily into bankruptcy under Chapter 7 of the Federal Bankruptcy Code. A bankruptcy trustee was appointed. On June 23, Eastern filed the financing statement. Which of the parties will have a superior security interest in the equipment?

A. The trustee in bankruptcy, because the filing of the financing statement after the commencement of the bankruptcy case would be deemed a preferential transfer.

B. The trustee in bankruptcy, because the trustee became a lien creditor before Eastern perfected its security interest.

C. Eastern, because it had a perfected purchase money security interest without having to file a financing statement.

D. Eastern, because it perfected its security interest within the permissible time limits.

Answer:

Eastern parties will have a superior security interest in the equipment because it perfected its security interest within the permissible time limits.

Explanation:

Eastern has a higher security interest because Eastern amended its security interest inside the allowable time deadlines. A perfected security interest in any security interest in an asset that cannot be demanded by any other party.

Below the Uniform Commercial Code (U.C.C.), to perfect a security interest, a lender has 10 days from the date of the sale of material to perfect the security interest by filing a financing statement. Possessing registered in the 10-day limit, Eastern has a strong perfected security interest in the material and after-acquired things even though the bankruptcy was recorded two days ahead.

6 0

3 years ago