Answer:
d. Some other amount - $11,000
Explanation:
Investing activities: It records those activities which include purchase and sale of the long term assets
. The purchase of long term assets is an outflow of cash and the sale of long term assets is an inflow of cash
The computation of the sale of plant assets is shown below:
= Sale value of equipment - accumulated depreciation + gain on sale of equipment
= $18,000 - $9,000 + $2,000
= $11,000
ank by signing a 60-day, 6% interest-bearing note with a face value of $27,000.
Dec. 31 Recorded an adjuO
Answer:
2.5
Explanation:
Relevant Data provided
Marginal propensity to consume = 0.6
The computation of multiplier is shown below:-
Multiplier = 1 ÷ (1 - Marginal propensity to consume)
= 1 ÷ (1 - 0.6)
= 1 ÷ 0.4
= 2.5
Therefore for computing the multiplier we simply applied the above formula with the help of dividing 1 by marginal propensity to consume and after the result we divide the 1 by the result.
Answer: The answer is as follows:
Explanation:
Given that,
Output in 1984 = 7,000 buckets of chicken
Price in 1984 = $10
Output in 2005 = 22,000
Price in 2005 = $16
(1) GDP price index for 1984, using 2005 as the base year:
= 
= 
= 62.5
(2) Price level, as measured by this index, rise between 1984 and 2005:
Percentage change in the price level = 
= 
= 60%
(3) Real GDP for t year = Base price × Quantity in t year
Real GDP in 1984 = Quantity in 1984 × Price in 2005
= 7,000 × 16
= $ 112,000
Real GDP in 2005 = Quantity in 2005 × Price in 2005
= 22,000 × 16
= $ 352,000
