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Aloiza [94]
3 years ago
11

Describe the difference between real gdp and nominal gdp.​

Business
1 answer:
RideAnS [48]3 years ago
7 0

Answer:

Nominal GDP measures a country's gross domestic product using current prices, without adjusting for inflation. Contrast this with real GDP, which measures a country's economic output adjusted for the impact of inflation.

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Net income for the year was $29,500. Accounts receivable increased $2,500, and accounts payable increased $5,400. There were no
mylen [45]

Answer:

True

Explanation:

The net cash flow for the year can be calculated using the following equation:

net cash flow = net income + accounts payable - accounts receivable

net cash flow = $29,500 + $5,400 - $2,500 = $32,400

We have to subtract accounts payable since they were included in the net income but the cash has not been received yet.  

4 0
3 years ago
Last year Marcelino graduated from high school and received several thousand dollars from an uncle as a graduation gift.​ Marcel
Hunter-Best [27]

Answer:

ge off his couch

Explanation:

yes.

5 0
3 years ago
Read 2 more answers
Candle in the Wind is a store for people who enjoy and collect candles to decorate their homes. Last year, its net sales totaled
melisa1 [442]

Answer:

$15,700

Explanation:

The computation of the net profit after taxes is shown below:

Sales revenue                                    $125,000

Less: Cost of goods sold -                -$42,300

Gross profit                                         $82,700

Less: Operating expenses

One time part assistant       $52,000  

Administrative expenses     $400

Utilities expenses                 $900

Total operating expenses                 -$53,300

Net Profit before tax                          $29,400

Less: income tax expense                -$13,700

Net profit after tax                             $15,700

3 0
4 years ago
Sumter Pumps Corporation, a manufacturer of industrial pumps, reports the following results for the year ended December 31, 20Y3
UkoKoshka [18]

Answer: $66,810,000

Explanation: take the balance at the beginning of the year add it to the net income from statement of comprehensive incomes then minus the cash dividends declared from the total of the beginning balance and net income then get the retained balance at the end of the 20Y3 year  of 66 810 000.

The stock dividends of 2,600,000 have two accounts involved which is stock( inventory) and dividends declared which is an liability.

  Sumter Pumps Corporation        

         

   retained income statement for the year ending 31 december 20Y3      

         

balance 01/jan/20Y3      $59,650,000      

         

CHANGES IN EQUITY          

Net Income      8,160,000    

dividends paid and declared          

Cash dividend      1,000,000    

stock dividend      0    

         

balance 31 dec 20Y3      $66,810,000      

4 0
3 years ago
When retained earnings are not enough to meet their long-term funding needs, businesses may be able to raise funds by?
sergij07 [2.7K]

When retained earnings are not enough to meet their long-term funding needs, businesses may be able to raise funds by <u>selling common stock</u>. Long-term funding can be defined as any financial tool with maturity going beyond one year (such as bank loans, bonds, leasing and other forms of debt finance), and public and private equity instruments.

<h3>What is a retained earnings?</h3>

Retained earnings are the total of profit an establishment has left over after paying all its direct costs, indirect costs, income taxes and its dividends to shareholders.

Therefore, the correct answer is as given above

learn more about retained earnings: brainly.com/question/25631040

#SPJ1

8 0
2 years ago
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