The price the model used or new if you have a leased car if you damage it you got to pay
Answer:
Option 4 is definitely correct: Whether real GDP increased cannot be determined with the information given.
Explanation:
The information that is given only states that there has been an increase in the market value of final goods and services in two years. So, we cannot conclude that production increased in Rushya or average price levels increased there as per Option A and C respectively, because market value can be increased by both increase in production or price levels. Even Option B cannot be concluded as the real GDP is dependent on other variables as compared to the total market value.
Thus, only appropriate statement is option D: we cannot determine increase in real GDP with the given information.
Answer: The answer is D $300 computer, $240 oven
Explanation:
According to IRS tables on the calculation of depreciation on computer and oven, it is estimated that an asset such as computer will have a depreciation useful life of 5 years
Therefore since computer cost and printer = $1,500, useful life = 5 year
Cost ÷ useful life
= 1,500 ÷ 5
= $300
For oven since the cost =$1,200, useful life = 5years
Cost ÷ useful life
= 1,200 ÷ 5
= $240
7%, hope this helps!
•••
Caramelatte
Answer:
The computation is shown below:
Explanation:
The journal entries are shown below:
a. Account payable $70,000
To Notes payable $70,000
(Being the issuance of the note is recorded)
b. Note payable $70,000
Interest expense $1,575
To Cash $71,575
(Being the payment of the note at maturity date including interest is recorded)
The computation is shown below:
= $70,000 × 9% × 90 days ÷ 360 days
= $1,575
We assume 360 days in a year
Now the effects on the accounts and the financing statement for issuance of the note is shown below:
Balance sheet
Assets = Liabilities + Stockholder equity Income statement cash flow statement
No effect = Account payable - $52,000 + No effect No effect + no effect
Note payable + $52,000
