All categories

2 years ago

Why do you think it is important to understand GDP?

1 answer:

5 0

GDP is important because it gives information about the size of the economy and how an economy is performing. The growth rate of real GDP is often used as an indicator of the general health of the economy. In broad terms, an increase in real GDP is interpreted as a sign that the economy is doing well

You might be interested in

On January 1, 2017, Waterway Co. enters into a contract to sell a customer a wiring base and shelving unit that sits on the base

nikklg [1K]

Answer and Explanation:

The journal entries are as follows;

a. On Jan 1

No journal entry is required

b. On Feb 5

Contra asset Dr $1,320

To Sales revenue $1,320

(being sales revenue is recorded)

Cost of goods sold Dr $670

To Inventory $670

(being cost of goods sold is recorded)

c. On Feb 25

Cash $3,300

Contra asset Dr $1,320

To Sales revenue $1,980

(being sales revenue is recorded)

Cost of goods sold Dr $300

To Inventory $300

(being cost of goods sold is recorded)

5 0

2 years ago

Marketing manager Ricki Stephens reviewed her marketing information system to learn who was buying her company's products and at

Rudik [331]

Answer:

Letter A is correct. <em>Data warehouse.</em>

Explanation:

Data warehouse acts as a digital data warehouse of the company, whose main purpose is to store relevant information about the organization so that through history it can provide reports that help the company in the decision making process according to the facts found.

The biggest benefits found in the database system are greater flexibility and control of information and research, and the creation of standards that correct data and coordinate and optimize system data to ensure greater effectiveness.

7 0

2 years ago

Russell Co. reports sales revenue of $30,600 and interest revenue of $5,600. Its comparative balance sheet shows that accounts r

Goryan [66]

Answer:

Cash provided by operating activities $39,650

Explanation:

The computation of the cash provided by operating activities under the direct method is as follows:

Sales Revenue $30,600

Decrease in Account Receivable $4,600

Interest Revenue $5,600

Increase in Interest Receivable - $1,150

Cash provided by operating activities $39,650

We simply applied the above sequence so that the correct value could come

And, the same is to be considered

6 0

2 years ago

psc 41 Assuming that the claim is correct - that a large vocabulary is associated to a large income - generate an alternate expl

Hitman42 [59]

Answer:

Lower-income people can have a large vocabulary as well, because of a variety of circumstances. To list a few:

The low-income person may have a job that includes a constant contact with highly-educated people.

The low-income person may himself be a well-educated person who holds a job that does not pay a lot, for example: librarian, or social worker.

The low-income person may live in an area with a great degree of demographic diversity, and even by fluent in several languages because of that. This is common in merchants, who may own a small business that only pays enough to survive, but who have a great degree of contact with many sorts of people.

5 0

2 years ago

Use the information in the chart to calculate the real exchange rate between the U.S. dollar and the Indian rupee. Round to the

JulsSmile [24]

Answer: 52.51 rupees/dollar

Explanation:

The real exchange rate attempts to account inflation in the countries being compared by using prices in the exchange rate.

The formula for calculating it is;

Real exchange rate = Nominal exchange rate *(Price index of domestic country/Price index of foreign country)

Real exchange rate in 2014 = 57*(99.5/108)

= 52.51 rupees/dollar

3 0

2 years ago