Answer:
Michelin sells tires to Nissan to install on their 2019 Sentras that are produced and sold in the United States.
- Not included in the GDP since tires are a component of new cars, they are not a final product.
American consumers import $3.5 billion of woven apparel from Bangladesh.
- Included in the GDP as imports, which reduce total net exports (NX).
The U.S. government spent $523.1 billion on national defense.
- Included in the GDP as government spending (G).
Entrepreneur and Shark Tank investor Barbara Corcoran purchases 15% of Cousins Maine Lobster food truck company for $55,000.
- Not included int he GDP since sale of stocks or ownership stakes at businesses are not considered final goods or services.
Answer:
Such a study is best characterized as a non-experimental study.
Explanation:
Non-experimental research is the study whereby a researcher cannot manipulate, control, or change the subjects of a research but instead, the researcher depends on observation, interpretation, or interactions to arrive at a conclusion. This means that in a non-experimental study, the researcher relies on surveys, correlations or case studies.
Non-experimental research has a great level of external validity because it is usually generalized to a bigger population. XYZ Corp making use of a survey is an example of non-experimental study.
Answer:
The merchandise should be reported on the U.S. Company's December 31, 2020 balance sheet at:
b. $1,050
Explanation:
a) Data and Calculations:
November 30, 2020 Inventory purchase = CHF1,000
Exchange rate on this date = $1.05/CHF
Inventory worth = $1.05 * CHF1,000 = $1,050
b) The inventory should be reported on December 31, 2020 at $1,050. It does not need to be reported at a value above or below this. Even, the debt owed to the Swiss supplier will be reported at this price. It is when payment for the invoice is being made on February 1, 2021 that consideration will be given to the exchange rate at which payment is made.
Answer:
Explanation:
Total revenue is the amount of money you got for selling all of your products/services.
Marginal revenue is the amount of money you got for selling the last unit of goods or services.
Answer:
1. work hard
.
2. are
3. $15.
Explanation:
1. In terms of Larry's total utility, it is worse for him to work hard
.
Larry will prefer to shirk as this is easier for him to do than actually work hard, since he stands to generate $50. So it's worse for him to work hard.
2. Sondra and Larry together are better off if Larry works hard instead of shirking.
Sondra and Larry stand to generate more money if Larry works hard because they will lose if Larry decides to shirk instead.
3. The most Sondra should be willing to pay Carrie to supervise Larry, assuming supervision is sufficient to encourage Larry to work hard, is $15.
She should pay Carry an amount half the amount they stand to lose if Larry shirks. Since they stand to lose $30 if Larry shirks, she can pay Carrie $15 to supervise Larry.
