Answer:
1) can grow either more slowly or more rapidly than real GDP.
Explanation:
Real GDP per capita is the result of dividing real GDP by the total population of a country. Real GDP per capita changes are determined by both the changes in the real GDP and the changes in the population.
If real GDP grows at a slower rate than the population, then real GDP per capita will decrease. But if real GDP grows at a faster rate than the population, then real GDP per capita will increase.
For example, real GDP grows at 3% while population grows at 2%, real GDP per capita will grow by 1%. But some countries have positive economic growth and negative population growth, so the real GDP could grow by only 2%, but since the population growth is -1%, the real GDP per capita will grow at 3%.
Answer:
The sell will generate a loss of $6,000.
Explanation:
Please find the below for detailed calculations and explanations:
- The equipment's net value at the time of disposal is equal to: Book value of the equipment - The accumulated depreciation of the equipment = 60,000 - 28,000 = $32,000;
- The gain/(loss) on the disposal of equipment is equal to: Sell price of the equipment - The equipment's net value at the time of disposal = 26,000 - 32,000 = $(6,000)
Thus, Tulip Corporation's disposal of the equipment at Dec 31st 2019 makes a loss of $6,000.
Answer:
Vaughn Company
The weighted-average cost per unit is
= $8.04
Explanation:
a) Data and Calculations:
Units Unit Cost Total
Inventory, January 1 11,000 $8.80 $96,800
Purchases: June 18 5,000 8.00 40,000
November 8 4,000 6.00 24,000
Total 20,000 $160,800
The weighted-average cost per unit = $8.04 ($160,800/20,000)
b) The weighted average method of recording inventory adds up the total units and costs of beginning and current period purchased or manufactured inventory. The total costs are divided by the total units to obtain the weighted-average cost per unit.
Answer:
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