1. Assuming Panem does not produce anything else in 2020, GDP = 78500
2. Panem's per capita GDP growth is 7.55%
1. We have the following data to answer this question
9,000 loaves of bread = $6
2250 wheat = $2
400 axes = $50
<u>We have to first calculate for </u><u>GDP.</u>
GDP stands for gross domestic produce. This is the total sum of goods and services that were made in a particular area at a particular time.
GDP = price * product
Bread = 9000*6 = 54000
wheat = 2250 * 2 = 4500
axes = 400 * 50 = 20000
∑GDP = 54000 + 4500 + 20000
= <u>$78500</u>
Therefore if Panem does not produce anything else in 2020 GDP = $78500
2. <u>We have to find the </u><u>GDP per capita</u>
= 392.5
<u>The GDP increased by</u> 14%
= 78500 * 1.14
= 89490
<u>Population grew to </u><u>212</u>
= 422.12
<u>The percentage</u><u> increase </u>
= 
= 7.55%
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Planning is the primary management responsibility which includes the process of creating budgets.
Planning provides a framework for a businesses financial objectives typically for the next three to five years. Thus, budgeting details how the plan will be carried out month to month and covers items such as expenses, revenue, expenses, potential cash flow and debt reduction.
A budget helps create financial stability. So by tracking expenses and following a plan, a budget can make it easier to pay bills on time, build an emergency fund, and save for major expenses etc.
Hence, a budget planning puts a person on stronger financial footing for both the day-to-day and the long term.
To learn more about budget here:
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Answer:
$5,120
Explanation:
Workers are paid $12,800 per week (five days), since December 31 fell on a Tuesday, accrued wages payable will be equal to the wages proportional to two days:
= ($12,800 per week / 5 days per week) x 2 days = $2,560 per days x 2 days = $5,120
The appropriate journal entry should be:
December 31st, wages payable:
Dr Wages expense 5,120
Cr Accrued wages payable 5,120
Answer:
- Yes it is.
- Ethical issue ⇒ Insider Trading.
Explanation:
Trading on the stock exchange is supposed to be as fair as possible so that every investor has a fair chance of making returns. If a person - like this supervisor - is using information that is material but not publicly disclosed yet to trade on markets, the fairness of the market is compromised because the person will have an edge over other investors which will enable them make unfair profits.
Information on quarterly returns is usually material so we can expect it to be material here as well which means that the supervisor is engaged in insider trading.
Insider trading is not only unethical but also highly illegal. Reporting your supervisor can get them sent to jail.
