Answer:
E = mc2. It's the world's most famous equation, but what does it really mean? "Energy equals mass times the speed of light squared." On the most basic level, the equation says that energy and mass (matter) are interchangeable; they are different forms of the same thing.
Explanation:
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Answer:
Units transferred out less units in beginning work in process.
Explanation:
A process costing system is generally used when similar or identical products are mass produced.
To determine the total number of units transferred out = beginning work in process + units started and transferred out - ending work in process
To determine the amount of units started and completed = total units transferred out - beginning work in process
Answer: TRUE
Explanation: Gross Domestic Product ( GDP) can be described as the market value of all goods and services produced in a country within a particular time period which is usually a year.
The equation for finding GDP is given as -
GDP = Consumption + Investment + Government Spending + ( Exports - Imports)
Nominal GDP can be described as the market value of all goods and services produced in a country within a particular time period using current market prices.
Real GDP can be described as the market value of all goods and services produced in a country within a particular time period using base year prices. Using base year prices to calculate real GDP adjusts for inflation.
