Answer:
b. Credit to Fair value adjustment for $5,000.
Explanation:
Particulars Amount
Beginning balance of fair value adjustment $20,000
Less: Unrealized gain on Dec 31 <u>$15,000</u>
(515,000 - 500,000)
Credit to fair value adjustment <u>$5,000</u>
Answer:
0.4025
Explanation:
The computation of the four-firm concentration ratio is shown below:
= (1st firm sales + 2nd firm sales + 3rd firm sales + 4th firm sales) ÷ (Total firm sales)
= ($270,000 + $215,000 + $190,000 + $130,000) ÷ ($2,000,000)
= ($805,000) ÷ ($2,000,000)
= 0.4025
We simply divide the top four firm sales by the total firm sale sales
Answer:
a, c , d
investment
decreasing
no effect
Explanation:
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Net export = exports – imports
When exports exceed import there is a trade deficit and when import exceeds import, there is a trade surplus.
Items not included in the calculation off GDP includes:
1. services not rendered to oneself
2. Activities not reported to the government
3. illegal activities
4. sale or purchase of used products
5. sale or purchase of intermediate products
6. Externalities
Investment spending by businesses includes purchases made by businesses. So, investment spending increases. Net export decreases because import is a negative function of GDP. The increase and decrease cancel each other out and there would be no change in GDP
The concern in this item is for Maria to increase the size of her sample enough for her to make a conclusion out of those who have been interviewed. In order to do so, instead of doing the interview all alone, it would have been better for Maria to hire people to do the interview in parallel. She may work out the number of the people needed to become interviewers. Also, instead of doing the interview, she may opt to do it in a written form to allow the interviewee to just jot down the answers. She should however, make the question simple and much easier to understand.