Answer:
The real GDP is $400
Explanation:
The real GDP is the nominal GDP adjusted by inflation. Since the price index is 120 vs 100 from the base year , we have a 20% of inflation , then the real GDP will be = $480/1,20 = $400
Answer:
Strenghts
Explanation:
The SWOT Analysis have four components:
-Strenghts refer to things that are internal to the organization that allow it to perform well and help to differentiate from competitors.
-Weaknesses are things that don't allow the company to have a good performance and are an internal factor.
-Opportunities are external factors that provide an advantage for the company.
-Threats are external factors that can affect negatively the organization.
According to this, the answer is that in a SWOT analysis, the employees’ high levels of product knowledge are an example of the company’s strenghts because this is an internal factor that helps the company to perform well.
Answer:
Journal Entries
Dr. Cr.
Sale of Merchandise
a. Account Receivable $4,240
Sales $4,000
Sales Tax Payable $240
Cost of Goods Sold $2,360
Merchandise Inventory $2,360
b. Payment of Sales Tax
Sales tax Payable $42,110
Cash $42,110
Explanation:
Sales of Merchandise increase the account receivable and tax liability as well. Inventory has been reduced by the cost of merchandise.
Tax is paid and sales tax liability is reduced along with cash.
Answer:
The Decrease in expenses $360
Explanation:
Since the supplies expense is debited by $1,240 for office supplies purchased
and the office supplies on hand is $880
So, the remaining office supplies left is
= Supplies expenses debited for Office supplies purchased - office supplies on hand
= $1,240 - $880
= $360
This $360 represent that there is a decrease in expenses
Answer:A
Explanation:
A regressive tax is a tax impose in such a manner that the tax rate decreases as the amount subject to taxation increases.
