Answer:
Only going to dept for things you really need and have planned for
Answer:
$150
Explanation:
The formula to compute the GDP is as follows
GDP = Consumption + Investment + Government purchase + Net exports
where,
Consumption = Consumption of expenditure = $50
Investment = Business fixed investment + change in inventory + construction of new homes & apartments
= $30 + $10 + $30
= $70
The change in inventory is
= Ending inventory - beginning inventory
= $20 - $10
= $10
Government purchase = Government purchases of goods and services = $20
Net exports
= Exports - imports
= $50 - $40
= $10
So the value of GDP is
= $50 + $70 + $20 + $10
= $150
Answer:
the proper recording of this liability each year from 2016 through 2018 under GAAP is $150,000.
Explanation:
since the first amount cannot be determinable now, we cannot record it as a liability.
After the settlement of the dispute by the customer and company outside the court the company should record the loss and a liability at an amount of $150,000 because it is certain and determinable now.
Answer: Ethics
Explanation:
Ethics is the term which refers to the moral principle or the philosophy concept that helps in analyzing the give situation correctly and also helps in making the right decision.]
The ethics plays an important role in an organization as it helps in maintaining the discipline environment, culture and the various types of social norms.
According to the given question, the ethics is one of the moral principle that helps in interpreting the given situation in more appropriate manner and this is known as ethics. Therefore, Ethics is the correct answer.
