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3 years ago

The existence of the underground economy causes gross domestic product (gdp) statistics to _____

1 answer:

6 0

The existence of the underground economy causes gross domestic product (gdp) statistics to understate the true volume of economic activity. An underground economy unrecorded and untaxed economic activity by the government. An underground economic is also known as the black market. Gross domestic product also know as GDP is the total value of goods and services provided in a country during one year.

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On January 1, 2017, Waterway Co. enters into a contract to sell a customer a wiring base and shelving unit that sits on the base

nikklg [1K]

Answer and Explanation:

The journal entries are as follows;

a. On Jan 1

No journal entry is required

b. On Feb 5

Contra asset Dr $1,320

To Sales revenue $1,320

(being sales revenue is recorded)

Cost of goods sold Dr $670

To Inventory $670

(being cost of goods sold is recorded)

c. On Feb 25

Cash $3,300

Contra asset Dr $1,320

To Sales revenue $1,980

(being sales revenue is recorded)

Cost of goods sold Dr $300

To Inventory $300

(being cost of goods sold is recorded)

5 0

2 years ago

Transportation rates:

nydimaria [60]

Answer:

(B) are established primarily through negotiation.

Explanation:

Transportation rates can be referred to as the cost paid by users for transportation services. They are the negotiated economic cost of moving a traveler or a unit of freight between a specific origin and location. Rates are often visible to the consumers since transport service providers must provide this information to secure transactions.

In transportation, the scale of operations change by:

Adding more vehicles to the fleet
Adding more cars to a train
Increasing the size of vehicles
Operating in a larger network

7 0

3 years ago

when the percentage change in the price is greater htan the resulting percentage change in quantity demanded,

Oliga [24]

The price elasticity of supply is given by a similar formula: If the percentage change in quantity demanded is greater than the percentage change in price, demand is said to be price elastic, or very responsive to price changes.

7 0

1 year ago

First-line managers most likely have _____.

gregori [183]

First-line managers most likely have (d). a more narrow span of control than top-level managers. First line managers directly supervise non-managerial workers and employees who are assigned and who belong to a specific field of work or duty. These first-line managers are the ones that manage them, thus having a more narrow span of control compared to the managers at the top of the hierarchy.

8 0

2 years ago

Read 2 more answers

Using the information presented above, determine the following: Determine EPS for Net Income ('x2) $_____________________ (Round

taurus [48]

Question Completion:

Income Before Taxes (from ongoing operations) $2,470,000

Income Tax Rate (’x2) 30%

5% Preferred Stock ($100 Par, 10,000 shares issued)

Common Stock ($1 par, 600,000 shares issued, 500,000 outstanding)

Answer:

The company's EPS is:

= 3.46

Explanation:

a) Data and Calculations:

Income Before Taxes (from ongoing operations) (’x2)= $2,470,000

Income Tax Rate (’x2) = (30% * $2,470,000) = $741,000

Net Income after taxes = $1,729,000

5% Preferred Stock ($100 Par, 10,000 shares issued) = $1,000,000

Common Stock ($1 par, 600,000 shares issued, 500,000 outstanding)

Outstanding common stock = $500,000

EPS (Earnings per share) = Net income after taxes/No. of outstanding shares

= $1,729,000/500,000

= $3.458

b) The earnings per share (EPS) equals Company A's net profit after taxes divided by the number of its outstanding common stock shares. Using the EPS, it indicates how much money Company A makes for each share of its stock. As a widely used metric, a potential stockholder of Company A can use it to estimate Company A's value when combined with the price per share.

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2 years ago