A company receives $290, of which $15 is for sales tax. The journal entry to record the sale would include a

The economy’s current level of equilibrium gdp is $780 billion. the full-employment level of gdp is $800 billion. the multiplier

4vir4ik [10]

The answer is <span>$20 billion a recessionary. The difference between the current level and the full employment level gdp is </span><span>$20 billion. This is recessionary because the targeted gdp was not met. It is not inflationary because inflation is about the increase of prices of products and gdp is a national economic indicator used to tell an overall increase or decrease in the economic situation.</span>

8 0

3 years ago

Read 2 more answers

A managed mutual fund:

Ilia_Sergeevich [38]

Answer:

b) Has a higher expense ratio than an index fund

Explanation:

A mutual fund is a diversified investment tool. The fund is a collection of different types of stocks that form a single investment asset. It is a basket of stock trading as a single asset. Purchasing one unit of a mutual fund is equivalent to purchasing several portions of each stock that make up the mutual fund.

A professional manager manages the mutual fund. He or she carefully selects the stocks that go into the basket forming the mutual fund. The manager charges a professional fee, which is usually a percentage of the investment. Due to this fee, a mutual fund is relatively expensive as compared to an index fund that does not require the input of a manager.

7 0

3 years ago

A manufacturing plant located by a busy highway uses and stores highly volatile explosives. The owner of the plant has imposed s

EastWind [94]

Answer: No, because the damage to the windshield did not result from the abnormally dangerous aspect of the plant’s activity.

Explanation:

Based on the information given in the question, the driver will not prevail. This is because the damage to the windshield did not result from the abnormally dangerous aspect of the plant’s activity.

In this case, the owner of the plant has imposed strict safety measures to prevent an explosion at the plant and the damage of the windshield of the car was due to heavy windstorm and not from the plants activities.

8 0

3 years ago

What are your financing options when buying a new car?

stealth61 [152]

Everyone is different bc everyone doset make the same amount of money, or have the same amount of money in the bank.

Is there any multiple choice answers to this ?

4 0

3 years ago

Grey Corp owns 100% of Blue Company. On January 1, 2017 Grey sold Blue a machine for $66,000. Immediately prior to the sale, the

kicyunya [14]

Answer:

Journal 1 - Eliminate gain on sale :

Debit : Other Income ($66,000 - $25,000) $41,000

Credit : Machinery $41,000

Journal 2 - Eliminate the unrealized profit from the sale :

Debit : Accumulated depreciation $4,556

Credit : Depreciation $4,556

Explanation:

Grey Corp and Blue Company are in a group of Companies. Grey Corp is the Parent and should prepare Consolidated Financial Statements . Blue Company is a subsidiary (Grey owns more that 50 % of voting rights in Blue Company).

When preparing Consolidated Financial Statements, intragroup transaction must be eliminated. As they happen, a Company trades within its-self that is the reason they should be eliminated.

Concerning the sale of machine by Grey (Parent) to Blue (Subsidiary), we must first eliminate the Income (gain on sale) in Parent as well as the asset that sits in the Subsidiary.

Debit : Other Income ($66,000 - $25,000) $41,000

Credit : Machinery $41,000

Also, we have to eliminate the unrealized profit on the gain of the asset sold.

Debit : Accumulated depreciation $4,556

Credit : Depreciation $4,556

Deprecation calculation :

Deprecation = $41,000 ÷ 9 = $4,556

6 0

3 years ago