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aleksandrvk [35]
3 years ago
9

1. In an year, the real GDP of an economy a. Always equal to potential GDP b. Must always be less than potential GDP c. Will alw

ays be greater than potential GDP because of the tendency of developed nations to incur inflation d. Maybe greater or less than potential GDP
Business
1 answer:
fomenos3 years ago
3 0

Answer:

d. Maybe greater or less than potential GDP

Explanation:

Real GDP stands for real gross domestic product. It is defined as the measurement of the inflation-adjusted which reflects the quantity of all the goods and the services that is produced in a yean by an economy.

A potential GDP is defined as the level of the output that an economy that can produce at the constant inflation rate.

In a given year the real GDP can be greater than the potential GDP or the can be less than the potential GDP of an economy.

Hence the correct option is (d).

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Describe the difference between multitasking and combining tasks.
Alika [10]
Multitasking means doing two task at the same time without disturbing any of the two task.
Combining tasking means doing the task by combining means like...both of them are processing one after one for a little bit of time...
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1. What does it mean to set up an “automatic deposit” and why is this a good savings strategy?
Andrews [41]

Answer:

an automatic deposit will put a set amount of money away into savings without you having to do it that way you will not have to worry about it and won't be tempted to spend it instead of saving it. it's a good strategy because it eliminates that temptation and makes it so much easier to save without falling off track

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2 years ago
This document is published by the Office of Inspector General (OIG) every year. It details the OIG's focus for Medicare fraud an
olga nikolaevna [1]

Answer:

<em>The OIG's Workplan</em>

Explanation:

Work planning process for the Office of Inspector General (OIG) has always been vibrant and improvements have been created during the year to satisfy objectives, and with the available resources to anticipate and respond to emerging issues.

<em>The OIG Work Plan establishes various projects, such as OIG audits and evaluations which are yet to be established or arranged to be tackled by OIG's Audit Services Office and Evaluation and Inspections Office during the fiscal year and beyond.</em>

3 0
3 years ago
Board Company has a foreign subsidiary that began operations at the start of 2017 with assets of 155,000 kites (the local curren
vovikov84 [41]

Answer:

a. The Board would report translation adjustment of <u>-$3,138</u>.

b. See the journal entries and explanation below.

c. Net translation adjustment is <u>-$1,138.</u>

Explanation:

a. Assume that the kite is this subsidiary's functional currency. What translation adjustment would Board report for the year 2017?

Note: See the attached file for the calculation of translation adjustment.

The board would report a negative (debit) translation adjustment of $3,138. That is,

Translation adjustment = -$3,138

b. Assume that on October 1,2017, Board entered into a forward exchange contract to hedge the net investment in this subsidiary. On that date, Board agreed to sell 200,000 kites in three months at a forward exchange rate of $0.76/1 kite. Prepare the journal entries required by this forward contract.

Board Company

Journal Entries

<u>Date            Account titles and Explanation         Debit ($)        Credit ($)  </u>

<u>01 Oct 17     (</u><em><u>No entry) </u></em><u>                                                                                    </u>

12 Dec 17     Forward contract                                   2,000

                     Translation adjustment (positive) (w.1)                    2,000

<em><u>              (To record forward contract change in the value to adjust translation adjustment.) </u></em><u>    </u>

12 Dec 17       Foreign currency (kites) (w.2)           152,000

                        Cash                                                                       152,000

<em><u>                       (To record 200,000 kites purchased at the spot rate of $0.76) </u></em>

12 Dec 17       Cash                                                  154,000

                         Foreign Currency (kites)                                      152,000

                         Forward contract                                                     2,000

<em><u>                          (To record 200,000 kites delivered, $154,000 received, and close the forward contract account.) </u></em>

Workings:

w.1: Translation adjustment = Number of kites agreed to sell in three months * (Agreed exchange rate on October 1, 2017 per kite - Exchange rate on December 1, 2017) = 200,000 * (0.76 - 0.75) = $2,000

w.2: Foreign Currency (kites) = Number of kites agreed to sell in three months * Agreed exchange rate on October 1, 2017 per kite = 200,000 * 0.76 = $152,000

c. Compute the net translation adjustment for Board to report in Accumulated Other Comprehensive Income for the year 2017 under this second set of circumstances.

This can be calculated as follows:

Net translation adjustment = Negative translation adjustment in part a + Positive translation adjustment in part b (i.e. w.1) = -$3,138 + 2,000 = -$1,138

Therefore, net translation adjustment is <u>-$1,138.</u>

Download xlsx
8 0
3 years ago
The Assembly Department produced 5,000 units of product during March. Each unit required 2.20 standard direct labor hours. There
insens350 [35]

Answer:

The journal entry is as follows:

Explanation:

Work in Progress A/c............................................Dr    $198,000

Labor efficiency variance(unfavourable)...........Dr   $9,000

                      Labor rate variance A/c........................Cr      $4,600

                      Wages Payable A/c.................................Cr    $202,400

Working Note:

Standard hour = Standard direct labor hours × (Standard hour - Actual hour)

= $2.2 × 5,000

= $11,000

Labor efficiency variance = $18 ×  (11,000 - 11,500)

= $18 × 500

= $9,000

Standard cost = Standard rate ×  Standard hour

= $18 × 11,000

= $198,000

Actual Cost = Actual rate × Actual hour

= $17.6 × 11,500

= $202,400

6 0
3 years ago
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