Answer:
G = $20 Billion
Explanation:
Given that
C = $60 billion
GDP = $100 billion
Gross Investment = $30 billion
Net export = $10 billion
Recall that
GDP = C + Ig + G + Xn
Therefore
G = GDP - ( C + Ig + Xn )
G = 100 - ( 60 + 30 + [-10])
G = 100 - (90 - 10)
G = 100 - 80
G = 20
Thus, government expenditure is $20 billion.
Answer:
The difference is $612
Explanation:
By using the Periodic inventory system Fulbright Corp. calculates its Cost of Sales and Inventory at the end of a certain period. In this case at year end.
FIFO
FIFO assumes that the units to arrive first will be sold first. Meaning inventory will be valued using recent prices.
FIFO inventory = 36 units x $122 = $4,392
LIFO
LIFO assumes that the units to arrive last will be sold first. Meaning that the inventory will be valued using earliest (old) prices.
LIFO inventory = 36 units x $139 = $5,004
Conclusion
Difference = LIFO inventory - FIFO inventory
= $5,004 - $4,392
= $612
<span>A demand curve represents the relation between different prices of a commodity and its varying quantities purchased by people at different prices. As a general rule, the more the price, the less the demand. In the scenario described in the question, the demand curve shows the number of tickets that will be purchased at various prices. Ticket is the commodity here and the people who purchase the tickets represent demand.</span>
<span>The benefits of operating a business as a limited liability corporation include all of the following EXCEPT the business cannot be sued by another party. In an LLC you are not able to be sued by another party. An LLC is similar to a partnership and a sole-prioprietorship with the interworking of a corporation. In an LLC there is a tax break given by following the partnership and sole-proprietorship methods. Due to the tax breaks, an LLC is a popular business model that many small businesses use. </span>
