Answer:
$301,000
Explanation:
The accounting equation shows the relationship between the elements of a balance sheet which are assets liabilities and equity. This may be expressed mathematically as
Assets = Liabilities + Equity
Equity which represents the amount owed to the owners of the business includes retained earnings (which is the accumulation of the net income/loss over the years less dividends paid) and common shares.
Hence,
$310,000 = Equity + $250,000
Equity = $310,000 - $250,000
= $60,000
The net income is the difference between the total sales and total expenses
= $626,000 - $325,000
= $301,000
Answer:
Explanation:
A: the government is not buying the home. You are. Not A
B: The house is not being moved on any soil but American Soil. Not B
C: You could argue that a home is an investment, but not to the GDP. The answer is not C.
D: GDP would call this consumer spending.
Answer: The shares are deducted rather than added
Explanation:
The adjustment to the weighted-average shares for retired shares is the same as for issuing new shares when the shares are added rather than deducted, the shares are treated as being acquired at the end of the year and the shares are treated as being acquired at the beginning of the year.
Therefore, the adjustment to the weighted-average shares for retired shares is the same as for issuing new shares except when the shares are deducted rather than added.
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Answer:
True
Explanation:
In a free enterprise economic system, the government issues minimal restrictions on the types of goods or services produced. It does not set prices; neither does it dictate the nature of business operations.
In the United States, forces of demand and supply determine the prices. Entrepreneurs have the freedom to decide the type of business to operate. Customers have the option of choosing the products they want to buy. For this reason, the US main economic system is a free enterprise.
