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3 years ago

Would you use Real GDP or Nominal GDP to accurately calculate growth in 2011? Explain in three to four sentences.

1 answer:

3 0

You would want to use Real GDP because it looks at the inflation and deflation due to price "changes" over the years. Nominal GDP only looks at the current market of today's economy. So with this being said you only want to use Real GDP if your looking back at the economy's history, but you would look at Nominal GDP if you wanted to know the current economy status.

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A ____________________ is a promise that the buyer's money will be refunded under certain conditions.

notsponge [240]

Answer:

A. money-back guarantee

Explanation:

Money-back guarantee represents when buyers purchase a product from the market and get a warranty card. After purchasing a product if the buyer is not satisfied with the product and goes to the shop by stating that he is not satisfied with the product and it comes under warranty. The Product can replace a product or money-back guarantee (if it comes under the policy when purchased the product) if the customer not satisfied with the product.

So if seller is promised from buyer for a money-back guarantee if buyer is not satisfied from the product then the seller has a responsibility to return the buyer money.

5 0

3 years ago

Beginning raw materials inventory $ 15,200 Raw material purchases 60,000 Ending raw materials inventory 16,600 Beginning work in

garik1379 [7]

Answer:

$58,600

Explanation:

Calculation for what Healey Company's direct materials used for the year is:

Using this formula

Direct materials used for the year=Beginning Raw Materials + Raw Materials Purchased - Ending Raw Materials

Let plug in the formula

Direct materials used for the year = $15,200 + $60,000 - $16,600

Direct materials used for the year= $58,600

Therefore Healey Company's direct materials used for the year is:$58,600

3 0

3 years ago

Okie help help buissness help help

sergejj [24]

Answer:

Explanation:

LRAS can do both

5 0

3 years ago

Sales to customers who use bank credit cards such as mastercard and visa are usually recorded by:a. Debit to Cash and a credit t

algol13

Answer:

c. Debit to Bank Credit Card Sales, debit to Credit Card Expense, and a credit to Sales

Explanation:

The journal entry is shown below:

Bank credit card sales A/c Dr XXXXX

Credit card expense A/c Dr XXXXX

To Sales A/c XXXXX

(Being the sales is recorded via bank credit cards)

As the credit card has some expense so we debited the credit card expense along with the bank credit card sales and credited the sales as it is revenue which is to be credited

4 0

4 years ago

s the management process of evaluating the results of business operations against the plan and making adjustments to keep the co

irakobra [83]

Controlling is the the management process of evaluating the results of business operations against the plan and making adjustments to keep the company pressing toward its goals.

<h3>What does control mean in business?</h3>

This is the term that is used to refer to all of the activities that would make the company achieve its goals.

It helps to ensure that the business stays on the path of growth and achievement.

The process of control has to do with the following

Setting of goals
Measuring performance
Comparing performance
Taking corrective actions
Setting future standards

Read more on business control here:brainly.com/question/26398073

#SPJ1

7 0

2 years ago