Answer:
The Gross Domestic Product of the territory is $ 172 million.
Explanation:
The Gross Domestic Product (GDP), measured in monetary units, is the market value of all goods and services within a territory in a given period of time, usually annual, which is estimated by the following expression:
(1)
Where:
- Consumption.
- Business investments.
- Government expenditures.
- Government entitlements.
- Exports.
- Imports.
Please notice that positive sign represents money that has entered into the economy of the territory.
If we know that
,
,
,
,
and
, then the GDP of the territory is:


The Gross Domestic Product of the territory is $ 172 million.
The rate of increase for the two automobiles = $34,200 - $19,000 = $15,200.
$15, 200 / $19,000 = 0.8
Therefore, the rate of increase for the two automobiles is 80%.
Answer:
(3) $3,750,000
Explanation:
The computation of the expect monthly sales to be as high is shown below:
Given that
Sales per month = $300,000
Royalty payments = 8% of sales
So, the expected monthly sales would be
= Sales per month ÷ Royalty payments percentage
= $300,000 ÷ 8%
= $3,750,000
We simply divided the sales per month by the royalty payment percentage i.e 8%
With an increasing push toward sustainable marketing, firms are gearing operations for the long-term but not without stricter environmental and ethical demands.
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Answer:
Following would be the journal entries in the books of Elizabeth Procter,
On July 1, 2013.
Notes Receivable A/C Dr. $80,000
To Equipment A/C $80,000
(Being equipment sold against notes receivable being recorded)
On June 30, 2014
Notes Receivable A/C Dr. 9600
To Interest Revenue A/C 9600
(Being accrued interest on notes receivable recorded)
On Sept 2014,
Cash A/C Dr. 92,000
To Notes Receivable A/C $80,000
To Interest Receivable A/C $9600
To Interest Revenue A/C $2400
(Being notes receivable and interest received receipt being recorded)
Interest Revenue refers to the income which has been earned as on a date.
Interest Receivable refers to the income which has not been received and which has been outstanding.