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2 years ago

Which of the following statements regarding GDP is correct?

Business

1 answer:

nirvana33 [79]2 years ago

3 0

Answer:

Correct option is (a)

Explanation:

GDP or Gross domestic product includes monetary value of all goods and services produced within a country. It includes all private and public investments and exports less taxes and imports.

Option b, c and d are incorrect as GDP accounts for only domestic production and not foreign activities. Details about how income is distributed is not given by GDP. GDP provides details about economic condition of the nation. GDP does not indicate wholesome well being of the nation like human development, infant mortality and standard of living.

GDP accounts for factory production but does not account for any production carried out at the cost of environmental degradation.

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On July 1, Year 1, Danzer Industries Inc. issued $40,000,000 of 10-year, 7% bonds at a market (effective) interest rate of 8%, r

Tomtit [17]

Answer:

1.Dr Cash 37,282,062

Dr Discount on bonds payable 2,717,938

Cr Bonds payable 40,000,000

2a.Dr Interest expense 1,535,896.90

Cr Cash 1,400,000

Cr Discount on bonds payable 135,896.90

b.Dr Interest expense 1,535,896.90

Cr Cash 1,400,000

Cr Discount on bonds payable 135,896.90

3.$1,535,896.90

4. Yes

5.$37,282,000

Explanation:

1. Preparation of the Journal entry to record the amount of cash proceeds from the issuance of the bonds on July 1, Year 1.

Dr Cash 37,282,062

Dr Discount on bonds payable 2,717,938

(40,000,000-37,282,062)

Cr Bonds payable 40,000,000

2. Preparation of the Journal entries to record the following:

a. Journal entry to record the first semiannual interest payment on December 31, Year 1, and the amortization of the bond discount

First coupon payment December 31, Year 1, f

Dr Interest expense 1,535,896.90

(1,400,000+135,896.90)

Cr Cash 1,400,000

Cr Discount on bonds payable 135,896.90

(2,717,938 / 20 coupons = $135,896.90)

b. Journal entry to record the interest payment on June 30, Year 2, and the amortization of the bond discount

June 30, Year 2, second coupon payment

Dr Interest expense 1,535,896.90

Cr Cash 1,400,000

Cr Discount on bonds payable 135,896.90

(2,717,938 / 20 coupons = $135,896.90)

3. Calculation to Determine the total interest expense for Year 1.

Cash 1,400,000 + Discount on bonds payable 135,896.90 = $1,535,896.90

4. Yes the bond proceeds will always be less than the face amount of the bonds in a situation where the contract rate is less than the market rate of interest because if we have a high market rate than the coupon, this would mean that the bonds will sell at a discount

5. Computation for the price of $37,282,062 received for the bonds using the present value tables

PV factor, 4%, 20 periods =0.4564

PV annuity factor, 4%, 20 periods =13.590

Present Value (Face value) = $40,000,000 x 0.4564 = $18,256,000

PV of coupon payments = $1,400,000 x 13.590 = $19,026,000

Therefore the bond's market price will be:

Present Value (Face value) +PV of coupon payments

Bond's market price = $18,256,000 + $19,026,000

Bond's market price = $37,282,000

5 0

3 years ago

You work for a tech firm that wants to invest in some capital development projects that could potentially position the company a

Murljashka [212]

Answer:

B) User

Explanation:

The user role in a buying center is performed by an employee who will actually use the product in his daily work activities. Many times buying processes start with the users requesting the purchase of some new technology or equipment. They are the most qualified member of the buying center team when it comes to evaluating what type of product they need and if the options can be suitable or not.

8 0

2 years ago

Use this information to answer the next question. What is the unemployment rate for this nation? All numbers are in millions: Po

Ksju [112]

Answer:

33.33%

Explanation:

Unemployment rate is the proportion of the labour force without a job

Unemployment rate = (number of unemployed workers / total labour force ) x 100

25 /75 x 100 = 33.33%

5 0

3 years ago

Individual activities and their durations are developed during the ________ phase of the project life cycle.

salantis [7]

Individual activities and their durations are developed during the planning phase of the project life cycle.

<h3>What is a business plan?</h3>

A business plan is a document that outlines a company's primary business operations and how it intends to accomplish its objectives.
Business plans are used by startup enterprises to gain traction and draw in outside investors.
An executive team can utilize a business plan as an internal roadmap to maintain focus on and progress toward short- and long-term goals.
Businesses may write a typical business plan that is longer or a lean startup plan that is shorter.
An executive summary, sections on products and services, marketing strategy and analysis, financial planning, and a budget should all be included in good business plans.

To learn more about Planning, refer to the following link:

brainly.com/question/27989299

#SPJ4

6 0

8 months ago

Above each column is a statement about the Federal Reserve. Place each misconception about the Fed listed below in the column wi

maw [93]

Answer:

1. The Fed is an independent government agency ⇒ C. A government agency should not have so much control over the economy because politicians are always going to do anything to win the next election.

The Fed is an independent government agency that pursues the best economic policy for the nation independent of what politicians want.

2. The Fed is overseen by the federal government ⇒ A. The Federal Reserve lacks accountability because no one audits the Fed. There is no way to know what really goes on behind the scenes.

The Federal government however, gets to oversee the Fed to ensure accountability and best practices.

3. The Fed conducts monetary policy through open market operations ⇒ B. The Federal Reserve just prints more money when the economy needs it and gives it to link.

The Fed does not only oversee the printing of money by the Treasury, they also conduct monetary policy through the use of OMO by buying securities when they want money supply to increase and selling when they want a decrease.

4 0

2 years ago