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DerKrebs [107]
3 years ago
9

Place each of the following transactions in one of the four components of expenditure: consumption, investment, government purch

ases, and net exports. a. Boeing sells an airplane to the U.S. Air Force. b. Boeing sells an airplane to American Airlines. c. Boeing sells an airplane to Air France. d. Boeing sells an airplane to Amelia Earhart. e. Boeing builds an airplane to be sold next year.
Business
1 answer:
slega [8]3 years ago
7 0

Answer:

a. Boeing sells an airplane to the U.S. Air Force. - government purchases.

The U.S. Air Force is a branch of the government, and is buying the airplane from Boeing. Therefore, this is a government purchase.

b. Boeing sells an airplane to American Airlines. - investment.

America Airlines, a private company, is buying the airplane to make profit from it. Therefore, it is an investment.

c. Boeing sells an airplane to Air France. - net exports.

Boeing, an American manufacturer, is selling an airplane to a foreign company: Air France, this is an import, and imports are part of net exports.

d. Boeing sells an airplane to Amelia Earhart. - consumption.

Amelia Earhart, a person, is buying an airplane. This is private consumption.

e. Boeing builds an airplane to be sold next year. - investment.

This airplane is finished inventory ready to be sold, and this type of inventory is considered an investment in the GDP calculation.

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The accountant for Main Street Jewelry Repair Services, Inc. forgot to make an adjusting entry for Depreciation Expense for the
charle [14.2K]

Answer:

C) Total assets are overstated.

Explanation:

The journal Entry for the Depreciation is as follows:

Dr. Depreciation Expense          xxx

Cr. Accumulated Depreciation   xxx

By missing this Journal entry the Accumulated depreciation account will be understated as we know that this is a contra asset account and this will net off the Long term assets. So, as a result the total asset will be overstated.

8 0
3 years ago
"Ginny sells bottled water from a small stand by the beach. On the last day of summer vacation, many people are on the beach, an
konstantin123 [22]

Answer:

Explanation:

Once out of Ginny sight, Alex faces a dilemma: Work very hard (put in all effort) or shirk (put in little effort). If he works hard, he'll sell enough water to generate $90 in earnings (not including his personal cost). If he shirks, he'll only generate $50 in earnings. After the end of the work, he'll split his earnings with Ginny and also get half of what she earns at her stand. In terms of Eric's total utility, it is worse for him to work hard. Close A If Alex works hard, Alex and Sunita together earn $270 ($180 + $90), of which Eric keeps $120. However, he loses $20 worth of utility by working hard. Therefore his net earnings is $100. If he shirks, Eric and Ginny together earn $270 ($200+ $70), of which Eric will keeps $120, while his personal cost is zero. Therefore Alex, individually, is better off when he shirks. A more better way of finding the solution to the problem is to note that from Eric's view, the amount of money he gets from Ginny's sales from the stand does not rely on his own sales.

3 0
3 years ago
A natural monopoly exists when a single seller experiences ____________ average total costs than any potential competitor.
vlabodo [156]

Answer:

lower

Explanation:

A natural monopoly appears when there are high entry costs like large infrastructure costs or economies of scale where a company can provide the products at a lower costs than others which provides a big advantage to the firm in the market and makes it difficult for any potential competitor to be able to compete. According to that, the answer is that a natural monopoly exists when a single seller experiences lower average total costs than any potential competitor as this represents a barrier for the competitor to be able to enter the market.

3 0
3 years ago
Which of the following terms is not used in project management? A. Dummy activity. B. Latest finish. C. Optimistic time. D. Lump
zavuch27 [327]

Answer:

Lumpy demand is not used in project management.

The correct answer is  D

Explanation:

Dummy is a zero activity, which helps in network analysis.

Activity refers to a task in network analysis.                                                              

Latest finish time is the latest completion time of a project in network analysis.

Lumpy demand refers to low demand as a result of higher cost. It is not used in network analysis (project management)

8 0
3 years ago
Following a peso appreciation relative to the dollar, which of the following results is expected to occur?
liubo4ka [24]

Answer:

B

Explanation:

A currency appreciates when its value increases.

For example if $1 was exchanged for 50 pesos. After appreciation of the pesos, $1 would buy $25 pesos.

So more $2 would be needed to buy 50 peso after the appreciation when before the appreciation $1 was buying 50 pesos.

As a result Mexican goods would become more expensive to US consumers and the revenue earned by Mexican producers would increase

7 0
3 years ago
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