Answer:
International Trade
Explanation:
Based on the information provided within the question it can be said that in this scenario Yummy Snacks is most likely involved in International Trade. This refers to exchanging goods or services across international borders throughout various countries, either exporting or importing. Which is what Yummy Snacks is doing by exporting their product to consumers in various Latin American Countries in exchange for money.
Answer:
The answer is C.
Explanation:
Gross Domestic Product is the total market value of all final goods and services produced within a country during a given period of time. It is usually a year.
In calculating, GDP, we have expenditure approach, income approach and value-added approach.
In this question, the expenditure approach will be used to explain the answer to this question.
To calculate GDP using expenditure approach, the formula is:
C + I + G + (X-M)
where C is the consumers' spending
I is the investment spending
G is government spending
X is the exports
M is the imports.
The correct answer is C. firms purchases of inventories is part of investment spending. Firms can purchase raw materials(inventory) and process it into finished goods(inventory). The change in inventory(difference between the closing inventory and opening inventory) is part of the calculation of investment spending.
Households buying inventories(finished goods) is part of consumers' spending and not investment spending.
Answer: $332,540
Explanation: find attached my solution in the document below.
NB : note that the Insurance after equipment placed in service and Insurance for the first year of operations was not added because these are to be termed expenses to be deducted in the P & L account.
Answer:
If Hickory Manufacturing elects to sue the United States (the IRS is a federal administrative agency) to recover the refund, it must pursue the matter:
D. in United States Tax Court, since the dispute involves a tax matter.
Explanation:
The United States Tax Court is the federal trial court of record for tax disputes. It is like a tribunal, which is inferior to the Supreme Court. It was established by Congress, under Article I of the Constitution in 1969, to hear tax matters and adjudicate tax disputes. Appeals are made directly, from this court, to the appeal court, before the matter can be dragged to the US Supreme Court.
Answer and Explanation:
The journal entry is shown below:
Jen Rogers, Capital $35,000
To Jen Rogers, Withdrawals $35,000
(Being withdrawals entry is recorded)
Here the Jen Rogers, Capital is debited as it decreased the stockholder equity while the Jen Rogers, Withdrawals is credited as it also decreased the drawings account. Also, the capital contains normal credit balance while drawings contains normal debit balance
