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sattari [20]
2 years ago
8

Which of the following is included in GDP? a) Cash gifts from relatives during the holidays b) Welfare payments received by some

households c) Payments received from selling stocks in oneâs portfolio d) The cost of a dinner at a restaurant
Business
1 answer:
krok68 [10]2 years ago
6 0

Answer:

D)the cost of a dinner at a restaurant

Explanation:

GDP which means Gross domestic product can be regarded as the monetary value of finished goods as well as services that is been produced within the country at a particular period of time. The 3 types of GDP are

✓Real Gross Domestic Product.[ occur after inflation has been considered)

✓Nominal Gross Domestic Product.(with normal price)

✓Gross National Product (GNP)

Therefore, Out of the given options, the only one that is included in GDP is "the cost of a dinner at a restaurant".

You might be interested in
Christie and Jergens formed a partnership with capital contributions of $390,000 and $490,000, respectively. Their partnership a
xxMikexx [17]

Answer:

Christie 's share =  $ 37759.09

Jergens Share = $ 47,441

Explanation:

Partner's Profit share are calculated after the deduction of salary or any other interest incomes.

Profit for the current year = $ 163,000

Christie' s Salary                    $ 69,000

Christie Interest Income          $ 3900

10 % 0f $ 390,000

Jergens  Interest Income         $ 4900

10 % 0f $ 490,000

Profit  Balance                                       $ 85,200

Profit Sharing Ratio

Christie : Jergens

390,000: 490,000

39: 49

Christie 's share = $ 85,200 * 39/88= $ 37759.09

Jergens Share = $ 85,200 * 49/88= 47440.9= $ 47,441

6 0
3 years ago
You purchased five call option contracts with a strike price of $22.50 and an option premium of $.48. You held the option until
Wittaler [7]

Answer:

You lose your premium <em>$</em><em>240</em> down the drain.

Explanation:

-$240

Total Loss= 5*(100 x -$0.48)= -$240

Good luck mate! Options are very risky.

7 0
2 years ago
The Gorman Group issued $900,000 of 13% bonds on June 30, 2016, for $967,707. The bonds were dated on June 30 and mature on June
Charra [1.4K]

Answer:

cash      967,707 debit

  premium on BP      67,707 credit

  Bnds Payable     900,000 credit

interest expense 58062.42  debit

premium on BP 437.58       debit

       cash                     58500 credit

Explanation:

procceds 967,707

face value 900,000

premium on bonds payable 67,707

<em><u>first interest payment</u></em>

carrying value x market rate

967,707 x 0.06 = 58062.42

then cash outlay

face valeu x bond rate

900,000 x 0.065 = 58,500

the difference will be the amortization

8 0
3 years ago
A partner that invests money in a business, but does not take an active role in management or assume unlimited liability is best
Arturiano [62]

Answer: Limited partner

Explanation:

The limited partner is part of the owners of a partnership business that doesn't play an active role in supervising daily business operations and whose liability in the business is limited only to the amount of money invested into the business. The limited partner leaves the partnership daily runnings for the active partner.

8 0
3 years ago
Standards differ from budgets in that
Setler [38]

Answer:

D) budgets are a total amount and standards are a unit amount.

Explanation:

For each given choice in the question explanation is provided below as to why its or its not the correct answer.

A) only budgets contribute to management planning and control.

Both budgets and standards contribute in the planning and control are of the company. Therefore, this option is incorrect.

B) budgets but not standards may be used in valuing inventories.

Once gain both are used for valuing inventory, this is due to the fact that budget contains details gathered in standard costing. Therefore, this option is incorrect.

C) budgets but not standards may be journalized and posted.

Both the budget and standard are journalized and posted in the accounting system. Therefore, this option is incorrect.

D) budgets are a total amount and standards are a unit amount.

As standards are unit amounts which contributes in preparing the budget which are total amounts.

Hence, option D is correct.

3 0
3 years ago
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