Answer:
1. C
2. B
3. D
Explanation:
Gross Domestic Products (GDP) is a measure of the total market value of all finished goods and services made within a country during a specific period.
Simply stated, GDP is a measure of the total income of all individuals in an economy and the total expenses incurred on the economy's output of goods and services in a particular country.
Basically, the four (4) major expenditure categories of GDP are consumption (C), investment (I), government purchases (G), and net exports (N).
The various factors that have an effect on the GDP of a country's economy are;
1. The Interest Rate Effect: As prices rise, the cost for businesses to finance new equipment increases, causing a drop in quantity demanded of real GDP.
2. The Wealth Effect: The purchasing power of money held in savings accounts falls as prices rise.
3. The Export Effect: As prices rise in the United States, foreigners purchase fewer U.S. goods.
We call that a hypothesis.
Answer:
c. $24,000
Explanation:
The computation of sale by partnership is shown below:-
The pre-contribution gain allocated to Tina = Fair market value - Adjusted basis
= $80,000 - $60,000
= $20,000
Gain on sales = Partnership to an unrelated third party - Fair market value
= $90,000 - $80,000
= $10,000
Tina partnership interest is 40 % of $10,000
= $4,000
Sale by partnership = pre-contribution gain + Tina partnership
= $20,000 + $4,000
= $24,000
Therefore for computing the sale by partnership we simply applied the above formula.
Defining the new company's industry and strategic group
Explanation:
Benefits of Strategic Group Analysis:
-
Identify direct competitors and the basis of competition.
- Movement of other organizations from one strategic group to another
- Identify opportunities
- Identify problems
The inventory cost flow assumption does inventory on the balance sheet best approximate its current cost is first-in, first-out.
Both the raw materials used in production and the finished commodities that are offered for sale are included in the definition of inventory. One of a company's most valuable assets is its inventory because it is one of the main sources of revenue generation and, consequently, a source of profits for the company's shareholders. There are three different categories of inventory: finished commodities, work-in-progress, and raw materials. On the balance sheet of a company, it is listed as a current asset.
Both the products that are on hand for sale and the raw materials required to make those products are considered inventory.
On the balance sheet of an organization, it is categorized as a current asset.
The three different categories of inventory are raw materials, finished commodities, and work-in-progress.
The first-in, first-out method, the last-in, first-out method, and the weighted average method are the three methods used to value inventory.
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