Answer:
$5,400
Explanation:
The computation of real gross domestic product is shown below:-
Goods Price base year Quantity current year Expenditure
2012 2013
A $2.00 600 $1,200
($2.00 × 600)
B $4.00 900 $3,600
($4.00 × 900)
C $2.00 300 $600
($2.00 × 300)
Real Gross domestic product $5,400
Therefore, Real GDP is the sum value of all the final goods and services generated by an economy in a given year, which accounts for inflation. The estimate is based on the prices of a selected base year.
Answer:Option A
Explanation:
The operating cycle is the average period of time required for a business to make an initial outlay of cash to produce goods, sell the goods, and receive cash from customers in exchange for the goods sold. It is useful for estimating the amount of working capital that a company will need in order to maintain or expand its business.
The rest of the options buttress the operating cycle but the question wants to identify the beginning which is the start point of the cycle.
Answer:
$22,100
Explanation:
With regards to the above, the calculation for bad debt expense is is given as;
= Bad debt expense balance required + bad debt written off from accounts receivables - Existing bad debt allowance balance
= $16,700 + $28,900 - $23,500
= $22,100
Therefore, bad debt expense for the year ended December 31, 2020 is $22,100
Third-party check. check negotiated through a bank, except one payable to the writer of the check, that is, a check written for cash. The primary party to a transaction is the bank on which a check is drawn. The secondary party is the drawer of the check against funds on deposit in the bank.
