Answer:
- Golf outings at courses in North Carolina,
- Defense equipment purchased by the federal government (or Foot massages at spas in California)
Explanation:
When calculating U.S GDP, final goods refers to the product that is ready to be consumed by the people, and not used as a material for further production..
Let's examine the two options that do not included:
- Processors manufactured in California for Apple's new range of laptops.
This processors is not a finished goods since it will be used as a materials for a laptop. If the processors are sold for single individual use, it will be included.
- Dress shirts purchased by a men's clothier.
clothier usually will do additional adjustment to the shirt that they sell (such as tailoring the size to make it fit for customers). It's not ready to be used directly used by the customers like a normal apparel store.
Answer:
A. $34,000
Explanation:
The formula to compute the year-end retained earnings balance is shown below:
The ending balance of retained earning = Beginning balance of retained earnings + net income - depreciation expense - dividend paid
= $32,000 +$12,000 - $3,000 - $7,000
= $34,000
The depreciation expenses and dividend are deducted and the net income is added to the beginning balance of retained earning account so that the accurate amount can come.
Answer:
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Explanation:
Answer:
Kindly check explanation.
Explanation:
A strong point of a leader is the ability to be able to deal with different personalities. However, for a surbodinate who exhibits perpetual attitude of rudeness and insensitivity, I opine that it is essential that such individual is called up for a one - on - one meeting to call his/her attention to such unprofessional attitude at work, why such attitude is undesirable and it's effect on the organization. During the meeting, the leader could ask if the surbidibate needed help on ways to curtail such attitude as he his willing to help. Then, the individual should be observed to see if there is graduka changes in behavior after the meeting.
Answer:
Notes payable is debited by $6,900, Interest expense is debited by $69 and cash is credited by $6,969
Explanation:
Interest = Principal Amount * Rate * Number of days / 360
Interest = $6,900 * 6% * 60/360
Interest = $69
Cash to be paid = Principal Amount + Interest
Cash to be paid = $6,900 + $69
Cash to be paid = $6,969
On the date of maturity, the journal entry to make the payment of note payable is:
Date Account Title and Explanation Debit Credit
June 11 Note payable $6,900
Interest expenses $69
Cash $6,969
(To record the payment of notes payable along with interest)