Answer:
3.27% change in per capital real GDP between 2018 and 2019.
Explanation:
The Per capital real of GDP = Real GDP / Population
In 2016 Per capital real of GDP:
$1.21 Billion / 9.68 Million(change billion to million)
= $1,210 Million / 9.68 Million
= $125
In 2017 Per capital real of GDP::
$1.5 Million / 11.62 Million
= $1,500 Million / 11.62 Million
= $129.09
Therefore Growth in real GDP per capital = ($129.09 / $125) - 1
= 3.27%
Answer:
Gem City's Internal Service Fund received a residual equity transfer of $50,000 cash from the General Fund.
This $50,000 transfer should be reported in Gem's Internal Service Fund as a credit to;
D. Transfers.
Explanation:
An internal Service fund can be defined as a fund used in most governments to keep records of goods and services that are moved between departments on the basis of cost reimbursement. An example of an Internal Service fund is when one department offers goods and services to another department. In our case, the Gem City's Internal Service Fund received a residual equity transfer of $50,000 from the General Fund in form of cash. An equity transfer is the transfer of the ownership of shares from one entity to another. In this case from the General Fund to the Gem City's Internal Service Fund.
To record the transaction above, the residual equity transfer of $50,000 to the Internal Service Fund should be recorded as a debit to Cash and a credit to Transfers. The reporting of Transfers is usually on a separate line in the Statement of Revenues and Expenses for the fund. It comes immediately after the line item: Operating Income/Loss before Transfers and Additions.
Answer:
Total contribution margin= $59,800
Explanation:
Giving the following information:
Unitary selling price= 155,400 / 4,200= $37
Unitary variable cost= 100,800 / 4,200= $24
<u>To calculate the total contribution margin, we need to use the following formula:</u>
Total contribution margin= units sold*(selling price - unitary variable cost)
Total contribution margin= 4,600*(37 - 24)
Total contribution margin= $59,800
