Answer:
The GDP in this economy is $6,230 billion.
Explanation:
The GDP can be calculated using the following formula:
Y = C + I + G + (X - M) ....................................... (1)
Where:
Y = GDP of the economy
C = Personal Consumption Expenditures = $4,500
I = Gross Private Domestic Investment = $800
G = Government Purchases = $950
X = Exports = $65
M = Imports = $85
Substituting the values into equation (1), we have:
Y = $4,500 + $800 + $950 + ($65 - $85)
Y = $6,250 - $20
Y = $6,230
Since the figures are in billions of dollars, the GDP in this economy is therefore $6,230 billion.
Answer:
The answer is: Montana should recognize its revenue equally throughout the year as they provide their services.
Explanation:
The accrual basis of accounting recognizes revenue when earned. This means that Montana Corporation should recognize revenue when its service has been performed, regardless of when those services were paid. That means they should recognize revenue equally throughout the year (every month) as they provide their services.
Answer:
<h2>The given statement is true.Hence, the answer would be option a) or true in the answer options</h2>
Explanation:
- In business operation,one of the primary or fundamental functions or roles of information technology is to facilitate the collaboration between various operational or functional areas or departments which can enhance the productive efficiency and performance of business operation.
- In this regard,information technology can be ideally used to assimilate or integrate between various activities or functions under business operation such as marketing,sales,finance,manufacturing,supply chain activities etc. to establish or ensure a better and strong departmental or functional coordination and synchronization.
- Therefore,information technology also enables a better flow or movement of essential business information among the various concerned or relevant departments or components which can improve operational efficiency and inter-departmental communication process.
- Furthermore,information technology can also be essentially employed to ensure a better cohesion,linkage and coordination among related companies or firms which can immensely facilitate inter firm communication for pertinent business purposes.This can lead to much improved and better commercial or business coordination among the related firms or companies.
The budget process makes fiscal policy difficult to implement because
<span>---The budget process begins a year and a half before the budget is implemented, and this will make it difficult to know what type of fiscal policy will be needed because it requires us to predict the problem and opportunities that arise during the operation.
---Many budget decisions are made for political reasons , because many politicians was appointed by interest groups that controlled by big companies.
---Nearly two-thirds of the budget is mandated by federal programs and cannot be easily changed, even if it could be changed, the cost could outweihgt the benefit.</span>
