All categories

3 years ago

An internet company gives their old computer system to the computer science

Business

1 answer:

Elanso [62]3 years ago

8 0

Answer:

Explanation:

The formula for GDP is

GDP = C + I + G + NX

C = consumption

I = Investment by business and household purchases by individuals

G = Government Expenditures

NX = foreign trade.

The first thing you can do is knock out foreign trade.

I think you can dispense with Government expenditures as well all though a school is an arm of government.

I think investment is what you have to look at carefully because it does include charitable organizations. We'll come back to this.

Consumption is what it sounds like it sounds.

You can't answer this in any other way than to know how the company writes it off. It is an asset that goes from some value to 0. It no longer exists on their books. So it decreases their assets. It is balanced on their books by calling it an expense I think and that further has impact on their books.

So they are decreasing their value (albeit by a small amount -- they've already bought new computers).

I'm not sure about this, but I think what has happened is that the GDP is going to go down. Their investment has decreased by being written off.

You might be interested in

ASAP Help meh!!TnT meh so dumb

RoseWind [281]

Answer: The economy of the United States is that of a highly developed country with a mixed economy. It is the world's largest economy by nominal GDP and net wealth and the second-largest by purchasing power parity (PPP).

Explanation:

6 0

3 years ago

Prepare journal entries to record the following merchandising transactions of Lowe’s, which uses the perpetual inventory system

11Alexandr11 [23.1K]

Answer:

Aug 1 Dr Inventory $8,000

Cr Accounts Payable - Aaron $8,000

Aug 5 Dr Accounts Receivable - Baird Corp $5,600

Cr Sales $5,600

Aug 5 Dr Cost of Good Sold $4,000

Cr Inventory $4,000

Aug 8 Dr Inventory $7,000

Cr Accounts Payable - Walter Corporation $7,000

Aug 9 Dr Freight - Out $210

Cr Cash $210

Aug 10 Dr Sales Return and Allowance $1,000

Cr Accounts Receivable - Baird Corp $1,000

Aug 10 Dr Inventory $500

Cr Cost of Good Sold $500

Aug 12 Dr Accounts Payable - Walter Corporation $700

Cr Inventory $700

Aug 14 Dr Accounts Payable - Aaron $500

Cr Cash $500

Aug 15 Dr Cash $4,508

[(100%-2%)×$4,600]

Dr Discount on Sales $92

[($5,600-$1,000) x2%]

Cr Accounts Receivable - Baird Corp $4,600

($5,600-$1,000)

Aug 18 Dr Accounts Payable - Walter Corporation $6,300

($7,000-$700)

Cr Discount on Purchase $63

[($7,000-$700) x1%]

Cr Cash $6,237

[(100%-1%)×$6,300]

Aug 19 Dr Accounts Receivable - Tux Co $4,800

Cr Sales $4,800

Aug 19 Dr Cost of Good Sold $2,400

Cr Inventory $2,400

Aug 22 Dr Sales Return and Allowance $800

Cr Accounts Receivable - Tux Co $800

Aug 29 Dr Cash $4,000

Cr Accounts Receivable - Tux Co $4,000

($4,800-$800)

Aug 30 Dr Accounts Payable - Aaron $7,500

Cr Cash $7,500

($8,000-$500)

Explanation:

Preparation of Journal entries

Aug 1 Dr Inventory $8,000

Cr Accounts Payable - Aaron $8,000

(To record purchase of inventory)

Aug 5 Dr Accounts Receivable - Baird Corp $5,600

Cr Sales $5,600

(To record sale of merchandise)

Aug 5 Dr Cost of Good Sold $4,000

Cr Inventory $4,000

(To record cost of good sold)

Aug 8 Dr Inventory $7,000

Cr Accounts Payable - Walter Corporation $7,000

(To record purchase of inventory)

Aug 9 Dr Freight - Out $210

Cr Cash $210

(To record freight outward expense)

Aug 10 Dr Sales Return and Allowance $1,000

Cr Accounts Receivable - Baird Corp $1,000

(To record sales return)

Aug 10 Dr Inventory $500

Cr Cost of Good Sold $500

(To record restore the inventory )

Aug 12 Dr Accounts Payable - Walter Corporation $700

Cr Inventory $700

(To record price reduction)

Aug 14 Dr Accounts Payable - Aaron $500

Cr Cash $500

(To record payment of freight charges on behalf of Aaron)

Aug 15 Dr Cash $4,508

[(100%-2%)×$4,600]

Dr Discount on Sales $92

[($5,600-$1,000) x2%]

Cr Accounts Receivable - Baird Corp $4,600

($5,600-$1,000)

(To record amount received from Baird Corp)

Aug 18 Dr Accounts Payable - Walter Corporation $6,300

($7,000-$700)

Cr Discount on Purchase $63

[($7,000-$700) x1%]

Cr Cash $6,237

[(100%-1%)×$6,300]

(To record payment made to Walter Corporation)

Aug 19 Dr Accounts Receivable - Tux Co $4,800

Cr Sales $4,800

(To record sale of merchandise)

Aug 19 Dr Cost of Good Sold $2,400

Cr Inventory $2,400

(To record cost of good sold)

Aug 22 Dr Sales Return and Allowance $800

Cr Accounts Receivable - Tux Co $800

(To record price reduction for sales made to Tux Co)

Aug 29 Dr Cash $4,000

Cr Accounts Receivable - Tux Co $4,000

($4,800-$800)

(To record payment received from Tux Co)

Aug 30 Dr Accounts Payable - Aaron $7,500

Cr Cash $7,500

($8,000-$500)

(To record payment made to Aaron)

6 0

4 years ago

Prepare the journal entries to record the following transactions on McLeena Company's books using a perpetual inventory system.(

DedPeter [7]

Answer:

Journal Entry are given below

Explanation:

solution

Journal Entry are as

PERPETUAL INVENTORY SYSTEM

debit credit

(1) March 2, Merchandise inventory $800,000

Borst Company $800,000

( record Inventory purchase )

(2) March 6,

Borst Company $140,000

Merchandise inventory $140,000

( record goods return )

(3) March 12,

Borst Company (800000-140000) $660,000

Cash (800000-140000) ×98% $646,800

Merchandise inventory $13,200

(800000-140000)× 2%

( record goods return )

8 0

3 years ago

__________ values and norms are exhibited by employees based on their observations of what actually goes on in the organization.

abruzzese [7]

Based on their observations of what actually occurs in the organization, employees demonstrate the enacted values and norms.

Your values are the things you hold dear in terms of how you conduct your life and career. Value indicates the significance of an action or thing in ethics and social sciences. Values include things like money, allegiance, independence, fairness, equality, justice, brotherhood, and friendship. Values include things like money, allegiance, independence, fairness, equality, justice, brotherhood, and friendship. In the social sciences, norms are a key notion. Norms are most frequently described as socially imposed laws or expectations. Norms can be prescriptive (encouraging good behavior, such as "be honest") or proscriptive (forbidding bad behavior, such as "do not cheat").

Learn more about Norms here

brainly.com/question/15706409

#SPJ4

8 0

1 year ago

Read 2 more answers

StayWell Health Insurance is offering a plan with a monthly premium of $250, a

VARVARA [1.3K]

The most Sheldon should pay in one calendar year is $9,750

Deductible is a term used in Insurance. The amount of deducible refrain the Insurer from liability until a certain level of liability is reached.

Given that :

Premium = $250

Deductible = $3500

Maximum out-of-pocket expenses = $6000.

Then, the maximum he should pay in one calendar year is:

= $250 + $3,500 + $6,000

= $9,750

Therefore, the maximum he should pay in one calendar year is $9,750

Learn more about insurance plan here : brainly.com/question/25676329

4 0

2 years ago