The expenditure approach adds up the market prices of final goods and services to calculate Gross Domestic Product (GDP). The expenditure method is the most widely used method when trying to estimate GDP. GDP stands for Gross Domestic Product which refers to the total value of goods and services that are provided in a country over the period of one year.
Answer:
$1,600
Explanation:
Calculation for the adjusted balance for Prepaid Insurance at December 31, 2017
Based on the information given we were told that the company Prepaid Insurance account had a balance of the amount of $2,800 in which the of $1,200 of the Prepaid Insurance had expired this means that the correct adjusted balance for Prepaid Insurance at December 2017 will be calculated as:
Prepaid Insurance balance $2,800
Less Expired Prepaid insurance $1,200
Adjusted balance of prepaid insurance$1,600
Therefore the correct adjusted balance for Prepaid Insurance at December 2017 will be $1,600
A bank teller's hourly wage will increase from $24 to $27.60. This represents a 15% increase in wages.
Increase by = $27.60 - $24 = $3.60
Increase percentage= $3.60 × 100% / $24 = 15%
What are wages?
A wage is the amount of money that companies give to their employees on an hourly or daily basis. Since a wage is a fixed rate, people usually get paid according to the number of hours or days they worked over the week. For instance, a retail worker who works 30 hours per week could earn $18 per hour.
What happens when the wage increases?
Increased wages lead to inflation because doing business becomes more expensive as workers are paid more by employers. To retain the same level of profitability, businesses must raise the prices they charge for their products and services to offset the cost increase.
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Answer:
$209.38 and $83.67
Explanation:
The computation is shown below:
The price of the stock 7 years from today is
= Next year dividend ÷ (required rate of return - growth rate)
= $16.75 ÷ (14% - 6%)
= $16.75 ÷ 8%
= $209.38
Now the current share price is
= Price of the stock ÷ (1 + required rate of return)^time period
= $209.38 ÷ (1 + 0.14)^7
= $209.38 ÷ 1.14^7
= $83.67
I personally think that it is quite nasty when someone is living with there parents and they are naked... it's not like your living by yourself and even so at least put a sign on the door for some privacy.