The expenditure approach adds up the market prices of final goods and services to calculate Gross Domestic Product (GDP). The expenditure method is the most widely used method when trying to estimate GDP. GDP stands for Gross Domestic Product which refers to the total value of goods and services that are provided in a country over the period of one year.
Answer:
The correct answer is letter "D": but sustaining a competitive advantage is challenging.
Explanation:
An advantage a company has over its rivals is a competitive advantage. Essentially a competitive advantage is what helps a business to gain income by increasing sales or margins. However, sustaining a competitive advantage with information systems is difficult because of the rapidly changing environment that is inherent to technology. Competitive advantages in that industry have a short life cycle.
Answer:
$14,300
Explanation:
Based on the information given we were told that the management of the company estimated that the amount in the uncollectible accounts will be the amount of $14,300 which means that the amount of $14,300 will be the balance of the Allowance for Bad Debts that should be reported on the company balance sheet.
The law of demand states that, other things remaining the same, if the price of a good rises, the quantity demanded of that good decreases; and if the price of a good falls, the quantity demanded of that good increases.
