Answer:
Personal property is property owned by an individual or business that is transportable and not fastened to or related with the land. Personal property is everything that isn't actual property (land and buildings).
Explanation:
Answer:
Inventory= $3,300
Explanation:
Giving the following information:
1/1: 1,000units at $1
Purchased on 1/7: 600 units at $3
Sold on 1/20: 900 units
Purchased on 1/25: 400 units at $5
What amount should Metro report as inventory at January 31
Inventory= 1,100 units* [(5+3+1)/3]= $3,300
Answer:
The Journal entry is as follows:
On June 1, 2022
Cash A/c Dr. $316,200
To Bonds payable A/c $310,000
To Premium on Bonds Payable A/c $6,200
(To record the sale of these bonds on June 1, 2022)
Workings:
cash = $310,000 × (102 ÷ 100)
= $310,000 × 1.02
= $316,200
Premium on Bonds Payable = $316,200 - $310,000
= $6,200
D) 2.40 is the correct answer to this question
Answer:
a) GDP changes
b) GDP does not change
c) GDP does not change
d) GDP changes
e) GDP changes
Explanation:
a) GDP in 2012 increases by the purchase price of the house because, is a newly produced good.
b) Transaction involving used goods are not included in GDP since, the house was built in 2001, GDP in 2012 won't change because the house was not newly built.
c) GDP in 2012 would not change directly because the windows are intermediate goods and not final goods.
d) GDP in 2012 would change by the purchase price of paints and supplies but not by the impicit value of the painting services provided by Mr Jone because, home production is not included in GDP.
e) Financial transactions do not represent the production of final goods and services and are not included in GDP. GDP in 2012 will only increase by the charge for using the online brokerage service but not by the amount of stock purchase.
