Potential GDP = $20
Real GDP =$19.2
so an output gap is measured relative to potential output and it is calculated according to the formula [( X - Y ) Ă· Y] Ă—100. In this case, the output gap is [($10 billion - $8 billion) Ă· $8 billion] Ă—100 = 25%.
An owner who is active in managing the company, and who has unlimited liability for claims against the firm is a "general" partner.
A general partnership, the essential type of association under common law is a course of action by which at least two people consent to partake in all advantages, benefits and monetary and legitimate liabilities of a business. Such partners have boundless liability, which implies their own assets are at risk to the partnership's commitments.
Answer:
Long term debt requires a payout of cash within a stated time period.
Explanation:
When entering into a long term debt, there are terms and conditions like interest to be charged and payment terms so obviously there is an expected cash payout to repay the debt at a stated time period.
<u>Answer:
</u>
Violations of security policies are considered to be a law enforcement issue upon which proper disciplinary actions must be taken.
<u>Explanation:
</u>
- The security policies put into place by the organization actually serve as the first wall of protection for the organization.
- The organization makes it clear through its security policies what actions would be deemed as an attempt to breach the security and what actions are prohibited within and outside the premises of the organization as an employee of the organization:
Answer:
$31.00
Explanation:
Calculation to determine what The total standard cost of Vaughn's product is
Using this formula
Total standard cost of product=(Material Standard rate per pound × pounds of material) + (Labor standard rate per hour × labor hours) + (Standard overhead rate x labor hours)
Let plug in the formula
Total standard cost of product=[($4 × 5) + ($5 × 1.0)]+ ($6 × 1.0)
Total standard cost of product=($20+$5)+$6
Total standard cost of product= $25.00 +$6
Total standard cost of product= $31.00
Therefore The total standard cost of Vaughn's product is $31.00
