The expenditure method is the most widely used approach for estimating GDP, which is a measure of the economy's output produced within a country's borders irrespective of who owns the means to production. The GDP under this method is calculated by summing up all of the expenditures made on final goods and services.
Answer:
Explanation:
This is an Ordinary Annuity question. You can solve this using a financial calculator. I'm using (TI BA II Plus)
N; duration = 20
I/Y ; interest rate per year = 8.5%
PMT ; recurring annual payment = 70,000
FV; Future value = 0 (In solving annuities, use 0 if not given)
then CPT PV = ?
PV = 662,433.563
Therefore, your friend needs to have $662,433.56
Answer: option C.
It corrects the error in the original because when business seek to reduce cost cut positions not the contrary. The employment goes down which is the same that unemployment goes up.
Answer:
The human life value approach looks forward for information.
and
The capitalization of income approach looks at right now only for information.
Explanation:
A life insurance is a form of agreement entered into by an individual and an insurance firm whereby some amount is to be paid to the next of kin of the individual under the insurance. It can also be in the form of payment of bills in the case of the illness of the individual under insurance.
The individual either pays in batches or a one time payment to the insurance agency.
The individual current value is normally considered in analysing his assets and income.
Answer:
$6,400
Explanation:
Financial Statements depicts the financial position of a firm at a particular point of time or specified date. The users of financial statements use various types of analysis to understand or compare the current financial statements of the company to prior years or with those of the competitors.
Supplies account is an asset account and has normal balance as debit balance. It increases with the purchase and decreases with the use of supplies.
Given:
Supplies (beginning) = $4,400
Purchased (supplies) = $2,400
Supplies (ending) = $400
Let supplies expense be x.
Now,
Supplies (ending) = Supplies (beginning) + Purchased (supplies) - Supplies expense
$400 = $4,400 + $2,400 - x
$400 = $6,800 - x
x = $6,800 - $400
Supplies expense = x = $6,400
