Answer:
Minutes, also known as minutes of meeting, protocols or, informally, notes, are the instant written record of a meeting or hearing
Explanation:
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Answer:
The GDP price index for the economy in year 2 is 110.
Explanation:
It is given that the total expenditures for a market basket of goods in year 1 (the base year) were $5,000 billion.
Price of market basket in base year = $5000
In year 2, the total expenditure for the same market basket of goods was $5,500 billion.
Price of market basket in specific year = $5500
GDP price index:
Therefore the GDP price index for the economy in year 2 is 110.
Answer:
C.)Finished Goods Inventory is credited.
Explanation:
The journal entry at the time of product sold which are held in inventory is shown below:
Cost of Goods Sold A/c Dr XXXXX
To Finished goods inventory A/c XXXXX
(Being the product sold is recorded)
For recording this transaction, we debited the cost of goods sold and credited the finished goods inventory account so that the correct posting could be done
Answer: $325,592
Explanation:
Selling price of bond = Present value of coupon payments + Present value of Par value
No. of periods = 5 * 2 = 10 semi annual periods
Coupon payments = 300,000 * 8% * 1/2 = $12,000
Periodic interest = 6% / 2 = 3% per period
Selling price = (12,000 * Present value of annuity factor, 10 periods, 3%) + (300,000 * Present value of single sum, 10 periods, 3%)
= (12,000 * 8.5302) + (300,000 * 0.7441)
= $325,592
Answer: The interest rate will either increase or decrease, depending on whether consumption is greater or less than investment.
Explanation:
An increase in savings will lead to an increase in investment expenditures through a reduction of the interest rate, and the economy will always return to the natural level of real GDP. The flexibility of the interest rate as well as other prices is the self‐adjusting mechanism of the classical theory that ensures that real GDP is always at its natural level. The flexibility of the interest rate keeps the money market, or the market for loanable funds, in equilibrium all the time and thus prevents real GDP from falling below its natural level.
