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3 years ago

How did collis p huntington spend his money business wise?

1 answer:

5 0

Huntington was a railroad tycoon who was a key player in the transcontinental railroad. Huntington also developed railroads up and down the east coast in the 1880s. Huntington was one of the key 4, the 4 railroad tycoons who worked/ competed to complete the transcontinental railroad.

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Dennis_Churaev [7]

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5 0

3 years ago

Suppose there is a simple one good economy that only produces spinning rims. In 2004, the economy was able to produce 500,000 se

VMariaS [17]

Answer:

Zero Increase in Real GDP between 2004 and 2005.

Explanation:

Nominal value of GDP in 2004

Nomina Value = $100 x 500,000

Nominal Value = $50,000,000

Nominal value of GDP in 2005

Nominal value = $200 x 500,000

Nominal value = $100,000,000

We can find Real GDP amount by multiplying base year price by current year quantity.

Real GDP = Base year price x Current year quantity

Real GDP = $100 x 500,0000

Ral GDP = $50,000,000

5 0

3 years ago

The total length of your apartment is 30 feet and the total width is 20 feet. What is the total area of the apartment?

gavmur [86]

Answer:

The answer should be 600

Explanation:

30x20=600

6 0

3 years ago

Timmons Company traded machinery with a book value of $360,000 and a fair value of $600,000. It received in exchange from Lewis

Yanka [14]

Answer:

amount of gain recognize is $24000

Explanation:

Given data

Timmons book value = $360,000

Timmons fair value = $600,000

Lewis fair value = $540,000

Lewis book value = $570,000

cash = $60,000

to find out

amount of gain recognize

solution

we know that here that cash is receive in exchange

so no commercial substance but gain is recognize

so we find gain that is

gain = fair value - book value

gain = 600000 - 360000

so gain is $240000

and

we say cash % for fair value is

cash % for fair value = cash / fair value

cash % = 60000 / 600000

cash% is 10% for fair value

so that here recognized gain recognize is given as

gain recognize = gain × cash %

gain recognize = 240000 × 10%

gain recognize = 24000

so amount of gain recognize is $24000

7 0

4 years ago

Joe needs display racks and cabinets to open his clothing store, but he doesn't have the money to pay for them right away. A sup

zhuklara [117]

Answer:

The correct answer is letter "E": a trade credit.

Explanation:

Trade credit implies a customer buying products from a seller that helps the purchaser to later pay for the goods. Essentially, the seller provides the buyer with a short-term loan. Typical terms of trade credit must be charged for 30 days, but may also be 45, 60, 90, or 180 days in some situations.

5 0

4 years ago