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bearhunter [10]
3 years ago
14

If the Citrus Growers Association grows $1 million worth of oranges, sells $500,000 worth of oranges to consumers, uses the rest

to make orange juice that is sold to consumers for $3 million, Citrus Grower's contribution to GDP is:
a. 500,000
b. 1,000,000
c. 3,500,000
d. 4,000,000
Business
1 answer:
WARRIOR [948]3 years ago
3 0

Answer:

The answer is <u>$3 500 000</u>

Explanation:

The above transactions affect  the Consumption component in GDP.

Citrus Grower's contribution to GDP = $3 million + $500,000= <u>$3 500 000</u>

$1 million worth of oranges grown was not included because the amount was the estimated value of oranges and not actual value of oranges consumed.

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Arizona Desert Homes (ADH) constructed a new subdivision during 2020 and 2021 under contract with Cactus Development Co. Relevan
Zolol [24]

Answer:

Dr Construction 800000

Dr Cost of construction 1200000

Cr Revenue form long-term contracts 2,000,000

Explanation:

Based on the information given What would be the journal entry made in 2020 to record revenue is :

Dr Construction $800,000

Dr Cost of construction $1,200,000

Cr Revenue form long-term contracts $2,000,000

($800,000+$1,200,000)

(Being to record revenue)

4 0
2 years ago
___ is the process of examining, documenting, and assessing the security posture of an organization’s information technology and
pychu [463]

Answer:

The correct answer is letter "A": Risk identification.

Explanation:

Risk identification is one of the steps used in the risk management process. Risks are determined through the measurement of the parameters that define them, the size of the loss or possible damage, and the possibility that the loss or damage eventually takes place.

5 0
3 years ago
As part of the initial screening for possible employment, a nuclear power company administers a psychological test that yields s
Law Incorporation [45]

Answer: It is called Minnesota Multiphasic Personality Inventory (MMPI)

Explanation:

The Minnesota Multiphasic  Personality Inventory is a clinical assessment tool widely accepted to measure and diagnose mental health disorders.

6 0
3 years ago
The accounts below all have normal balances.
Daniel [21]

Answer:

its tooooooooooooooooooo length to answer

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3 0
3 years ago
The terms of an invoice are 3/10, n/25. this means that a ________ of the invoice date.
const2013 [10]

The terms of an invoice are 3/10, n/25 this means that a <u>discount of 3% is allowed if the invoice is paid within 10 days</u> of the invoice date.

3/10, n/25 this means that a 10% cash discount is available if the invoice is paid within 10 days, pay the net price if covered within 25 days of the invoice date. Discounts are reductions of the normal fee of a product or service with the purpose to obtain or growing income.

Trade discount refers to the deduction given by using the supplier to the purchaser within the catalog price of the goods. Cash discount implies the allowance granted to the clients by means of the supplier on the billing fee, for immediate payment.

A cash discount also referred to as a purchase cut price or income discount, is a reduction in the purchase fee of an excellent because of an early cash charge. In different words, the seller of products is inclined to lessen the fee of the goods if the purchaser is inclined to pay for the coolest in advance.

Learn more about cash discounts here brainly.com/question/14883253

#SPJ4

7 0
2 years ago
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