Answer:
a. An individual sells her house on her own.
GDP is not affected.
b. An individual sells his house through a broker.
GDP is not affected.
c. Government increases Social Security payments.
GDP is not affected.
d. Stock prices rise by 20 percent.
GDP will increase.
Explanation:
Selling a house by an individual does not affect the Gross Domestic Product of a Country.
Selling a house by a broker will also not affect the Gross Domestic Product of a Country.
When a Government increases the social security payments, this result in transfer of money from government to social security account but it does not generate any goods are services in the country.
When the stock prices increases in the country, there is more likely that the individuals will invest in the stocks. So investments will increase and thus GDP will rise.
Answer:
A debit to Unearned Rent and a credit to Rent Earned for $2,400
Explanation:
When cash is collected in advance for revenue from lease, the revenue will not be recorded as revenue until the lease service has been performed. Hence the cash collected in advance will be recorded as
Debit Cash $6,400
Credit Deferred revenue $6,400
Being cash collected on October 1 for lease to run for 8 months.
Between October 1 and December 31 is 3 months.
Hence, amount earned
= $800 × 3
= $2,400
To recognize this amount, Debit Unearned/Deferred revenue, credit revenue with the amount earned.
Answer:
The answer is: D) Fire the player. The team may suffer financially at first, but if the public has faith in the organization, the team and the league will benefit in the long run. If the owner keeps the tape a secret and the public finds out about his actions, the team - and society - will suffer harm from the loss of public trust.
Explanation:
Akers firmly believed that ethics were fundamental to economic competitiveness. He argued that without ethical behavior, individuals, corporations and society as a whole couldn´t be economically competitive.
So in this case, he would have simply terminated the player´s contract without regarding any of the potential downsides for the team.
Answer:
b. Cash received from customers at the time services were provided.
Explanation:
When a business recieves payment for goods or services rendered it has earned revenue.
Revenue is defined as the income that a business generates from normal business activities such as sales of goods and services.
It is also called sales turnover.
It really depends as to what they do and how long they do it for I would say it ranges person to person
