Answer:
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1. Actual GDP is below potential GDP
Level of unemployment: Unemployment is above the natural rate
2. Actual GDP is equal to potential GDP
Level of unemployment: Unemployment equals the natural rate
3. Actual GDP is above potential GDP
Level of unemployment: Unemployment is below the natural rate
Assets to decreases and stockholders' equity to decrease due to the adjusting entry used to record the allowance for doubtful accounts.
Allowance for doubtful accounts also known as contra account nets against the total receivables shown on the balance sheet to only show the amounts anticipated to be paid. The percentage of accounts receivable that are anticipated to be uncollectible is estimated by the allowance for doubtful accounts.
The danger of not being paid is always inherent in a credit-based transaction, regardless of the corporate rules and procedures for credit collections. As a result, a business must recognize this risk by creating an allowance for doubtful accounts and offsetting bad debt expenditure.
Learn more about Doubtful accounts here
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Answer:
B. 29.2%, 12.5%, 10.0%
Explanation:
Gross Profit = Sales - Cost of goods sold / Sales
Gross Profit = $1,200 - $850 / $1,200
Gross Profit = $350 / $1,200
Gross Profit = 0.2917
Gross Profit = 29.17%
Operating profit = Sales - Cost of goods sold - Operating Expenses / Sales
Operating profit = $1,200 - $850 - $200 / $1,200
Operating profit = $150 / $1,200
Operating profit = 0.125
Operating profit = 12.5%
Net profit margin = Sales - Cost of goods sold - Income Taxes / Sales
Net profit margin= $1,200 - $850 - $200 - $30 / $1,200
Net profit margin $120 / $1,200
Net profit margin= 0.1
Net profit margin= 10%
Answer:
total wealth in Krit Corp is $5000
Explanation:
given data
stock = 200 shares
treading = $25 per share
to find out
total wealth in Krit Corp
solution
we know here investor bought 200 share at $25 per share current treading
so here
total wealth in Krit Corp wuill be = stock × treading ...............1
put here all these value we get in equation 1
total wealth in Krit Corp = stock × treading
total wealth in Krit Corp = 200 × 25
total wealth in Krit Corp = $5000
so total wealth in Krit Corp is $5000
Answer:
3.60
Explanation:
The cost of 3.5 gallons of gas is 12.46.
The unit price per gallon will be
=12.46 / 3.5
=3.56
≈3.60
