Answer:
The answer is: Both parties could win, depending if there were other conditions established for the auction.
Explanation:
Usually when an auction is carried out there are conditions established beforehand by the auctioneer that must be fulfilled in order for the sale to be completed.
In this case, since we don´t know what other conditions the town of Sanford included in the auction, if any other condition at all, we can´t conclude which party could win the lawsuit. For instance if a reserve was required but Arthur and Arlene didn´t do the reserve deposit, then they will obviously lose. The same happens with other established conditions like a minimum price set, etc. But if no other condition established, then Arthur and Arlene could win.
I would say that wedgemans is trying to meet employees needs for development of their knowledge and for in this case the privilege of going to learn about the types of cheeses and perhaps their making in another country which is an additional benefit and which will most likely encourage the employees to work more effectively and with more interest in their work.
The correct answer is No.
Drawing is considered a contra-capital account. It is not included in the asset sections of the financial statements, even though it has a debit balance. It is used to offset the capital account because it is money that the owner has withdrawn from the company.
Answer:
paid in capital from treasury stock = $10000
Explanation:
on 3rd jan
treasury stock = 2150*9 = 19,350
cash = 19,350
30 jan
cash = 1000*19 =19,000
treasury stock = 1000*9 = 9000
paid in capital from treasury stock = 19000- 9000 = $10000
Answer:
D. either real output or the price level (GDP deflator) have increased.
Explanation:
GDP is the total value (price x quantity) of goods & services produced by an economy during an a time period.
Real GDP is calculated on the basis of base year price index. Nominal GDP is calculated on the basis of current year price index.
So: Real GDP increases only due to rise in output quantity, not by price. Nominal GDP can increase due to rise in both output quantity or in price level (reflected in deflator).
This makes Real GDP a better measure of Economic growth than Nominal GDP, since it captures effect of increased production only (& not price).
Deflator is a measure of average price level change =
<u>Nominal GDP</u> X 100
Real GDP
Deflator > 100 shows inflation in general price level, Deflator < 100 shows deflation in general price level.
