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3 years ago

QUESTION 11

1 answer:

6 0

Easter Corporation purchased a new manufacturing building during the current year. The building has an estimated useful life of 30 years. The appropriate year-end adjusting entry would be Debit Depreciation expense and credit Accumulated depreciation.

Explanation:

With time the value of the fixed asset reduces due to wear and tear, This reduction in the value is called Depreciation.

At the end of year the adjusting entry would be like this, we will debit the depreciation expense account and credit the accumulated depreciation account.

When we debit the depreciation account it will be shown in the income statement as an expense on the debit side and on the other hand the accumulated depreciation will appear in the balance sheet as a contra account . This will reduce the amount of fixed asset i.e building.

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"Convergence occurs as ________ is sought, such as for the EC countries, and as competitive pressures in free-trade zones, such

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Answer:

The correct answer is letter "B": harmonization.

Explanation:

In economics, convergence refers to the fact that poor countries' income per capita increases at a faster pace than in rich countries. At a certain point in time, every country's income per capita should converge at the same point.

Several actions could be carried out to fasten that process such as standardizing labor conditions across the European Community (EC) or free-trade blocks such as the North American Free-Trade Agreement (NAFTA). Once labor conditions have been subject to harmonization regardless of the region in the world, convergence will be a more attainable objective.

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An important cloud design philosophy that defines all interactions among computing devices as services in a formal standardized way is termed the Service Oriented Architecture or abbreviated as SOA. It is also a style of software design in which services are provided to the other components by application components, through a communication protocol over a network.

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QUESTION 1

babunello [35]

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3 years ago

During a presidential campaign, the incumbent argues that he should be reelected because nominal GDP grew by 12 percent during h

bearhunter [10]

Answer:

Grew by 2%

Explanation:

Given: nominal GDP =12% positive value cause it grew by 12% during these years.

Population grew by 4%

GDP deflator = 6% positive value cause it also grew by 6%

Question says we must find real GDP per person for the 4 year term that the president has served for so we will use the formula to calculate GDP Deflator to actually solve for Real GDP as we know the formula is GDP Deflator= (nominal GDP per person%)/(Real GDP per person%)x100

So we already have the nominal GDP and the GDP deflator therefore we substitute to the above formula:

6% = (12%)/ (Real GDP per person percentage) x100, and now we solve for Real GDP per person%

Therefore we multiply both sides with Real GDP percentage and get:

Real GDP per person %( 6%) = 12% and then we divide both sides with 6%,

Therefore Real GDP is 2% so we also see that real GDP has actual grown by 2% because the GDP deflator grew instead of decreasing where nominal GDP is also positive so if we have a fraction where an answer is positive we know both fraction values must be positive pus if the GDP deflator increases both nominal and Real GDP increase and that’s the relationship they have.

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3 years ago

Why do you think that decorum and business etiquette play as essential components of business ethics and social responsibility

Delicious77 [7]

Proper decorum and good business etiquettes are essential components of business ethics and social responsibility because they:

Create a professional atmosphere
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Business ethics deal with the appropriate business policies and practices that ensure the observance of ethical principles. They ensure that moral or ethical problems do not arise in a business environment.

Social responsibility refers to the cooperation that should exist among individuals and organizations for the benefit of the community.

Thus, Proper decorum and good business etiquettes remain essential components of business ethics and social responsibility.

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