The real GDP will decrease by $500 billion.
<h3>
What is GDP?</h3>
A country's gross domestic product (GDP) is the sum of the market values of all the finished goods and services produced within its borders during a specific time period. As a general measure of all domestic production, it provides a comprehensive evaluation of the economic health of a specific nation. GDP is frequently calculated on an annual basis, although it is also occasionally approximated on a quarterly basis. For example, the US government generates an annualised GDP estimate for the entire year as well as each fiscal quarter. Each item of data in this report is supplied in actual terms, which allows for the calculation of the data to account for price changes. The result is data that is net of inflation.
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Answer:
The correct answer is defined contribution plan.
Explanation:
The defined contribution plan is a pension plan in which the company agrees to make monetary contributions each year for the benefit of the employee.
Generally, in a defined contribution plan the employee has the right over the invested assets and is free to withdraw the accumulated funds if his retirement occurs prematurely. For this reason, the defined contribution plans are said to have portability, that is, if the employee ends his employment relationship with the company, he can transfer his funds to his new company's pension plan or to a private pension plan.
Upon retirement, the employee can access the accumulated funds, but unlike in the defined benefit plans, no amount is guaranteed. The investment risk is assumed entirely by the employee.
For example, the company can contribute 1% of salary to a pension fund every month. The employee can also contribute part of his salary to this plan.
Answer:
$71,960
Explanation:
Not past due days $892,000*0.75%=$6,690
1-30 days $285,000*4%=$11,400
31-60 days $101,000*8%=$8,080
61-90 days $63,000*16%=$10,080
91-180 days $43,100*50%=$21,550
Over 180 days $17,700*80%=$14,160
Total allowance for doubtful accounts as at December 31, =$71,960
Other things are the same, if the exchange rate changes from 20 pesos per dollar to 30 pesos per dollar, then the dollar (A) appreciates and buys more Mexican goods.
<h3>
What is the exchange rate?</h3>
- An exchange rate is a rate at which one currency is exchanged for another in finance.
- Currencies are most typically national currencies, although they can also be sub-national, as in Hong Kong, or supra-national, as in the euro.
- The value of one country's currency in respect to another currency is also referred to as the exchange rate.
- Other things remain constant, if the exchange rate increases from 20 pesos to 30 pesos, the dollar appreciates and buys more Mexican items.
Therefore, other things are the same, if the exchange rate changes from 20 pesos per dollar to 30 pesos per dollar, then the dollar (A) appreciates and buys more Mexican goods.
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The correct question is given below:
Other things are the same, if the exchange rate changes from 20 pesos per dollar to 30 pesos per dollar, then the dollar ________.
The group of answer choices
(A) appreciates and buys more Mexican goods.
(B) appreciates and buys fewer Mexican goods.
(C) depreciates and buys more Mexican goods.
(D) depreciates and buys fewer Mexican goods.
Answer:
b. $325,000
Explanation:
The current assets are the assets that are likely to be converted to cash within 12 months. These include cash, inventory, receivables, prepaid expenses etc.
Given;
Inventory = $84,000,
Long-term Debt = $125.000;
Common Stock $60,000;
Accounts Payable $44,000;
Cash $132,000,
Buildings and Equipment $390,000:
Short-term Debt $48.000:
Accounts Receivable $109,000,
Retained Earnings $204,000 Notes Payable $54.000:
Accumulated Depreciation $180.000
Total current asset = $84,000 + $132,000 + $109,000
= $325,000
