All categories

3 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

A company purchased a delivery van for $23,000 with a salvage value of $3,000 on September 1, Year 1. It has an estimated useful

kaheart [24]

Answer:

It will recognize 1,333.33 Depreciaton expense

for December 31th, year 1

Explanation:

The straight-line Method is simply and easy to understand, It distribute the depreciation equally between years. So that implies that the formula should be:

$\frac{Adquisition \: Value- \: Salvage \: Value}{useful \: life}= Depreciation \: coplete \: year$

(23,000 - 3,000) / 5 = 20,000 / 5 = 4,000

Now we have to calculate the proportion

4,000 x 4/12 time in company's possesion = 1,333.33 depreciation

September + October + Novemember + December = 4 months

3 0

3 years ago

When interest rates on treasury bills and other financial assets are low, the opportunity cost of holding money is _________, so

o-na [289]

When interest rates on treasury bills and other financial assets are low, the opportunity cost of holding money is low so the quantity of money demanded will be high.

If interest rates go up, the demand for money will go down. Once it equals the new money supply, there will be no more difference between how much money people are holding and how much they want to keep, and the story is over. This is why (and how) a decline in the money supply raises interest rates.

As interest rates rise, the amount of money demanded decreases because the opportunity cost of holding money decreases. As interest rates rise, aggregate demand shifts to the left. The interest rate effect arises from the idea that higher price levels reduce the real value of household holdings.

Learn more about interest rates here: brainly.com/question/1115815

#SPJ4

7 0

2 years ago

Creators foster the open exchange of ideas across functions and departments and cultivate rigorousdebate. In your own words, why

Ne4ueva [31]

Answer:

As per the examples of the creators code Many things related to the performance of the company. It is critical to have a solid plan, to have a profitable products and services and to have effective methods. Although it is up to the individuals inside the organisation to actively enforce policies, plans ,and procedures that make a company a success.

5 0

3 years ago

Why do companies use customer relationship management??

Art [367]

Customer relationship management (CRM) is important in running a successful business. The better the relationship, the easier it is to conduct business and generate revenue.

4 0

3 years ago

Shankar Company uses a perpetual system to record inventory transactions. The company purchases inventory on account on February

Ksenya-84 [330]

Answer:

Dr. Cr.

February 2, 2012

Inventory $30,000

Account Payable $30,000

February 10, 2012

Account Payable $30,000

Discount received $600

Cash $29,400

Explanation:

Term 2/10, n/30 means there is a cash settlement discount of 2% is available if the payment is made within 10 days after the purchase of goods. Net credit period is 30 days. Purchases were made on February 2 and Payment was made on February 10 within the discount period, so Shankar Company is entitled to claim the discount of 2%. Cash will be paid net of discount.

Discount = $30,000 x 2% = $600

Cash Payment = $30,000 - $600 = $29,400

6 0

3 years ago