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3 years ago

What is GDP in Economics

1 answer:

6 0

GDP stands for Gross domestic product. It is one of the primary indicators used to gauge the health of a country's economy. It represents the total dollar value of all goods and services produced over a specific time period

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Business at Korey's Comics has been good, and Korey expects the same business next month. However, due to an increase in busines

Bezzdna [24]

Answer:

ADDITIONAL REVENUE & ADDITIONAL COST

Explanation:

If Korey has made the decision to bring on an extra hand to help run the store in the afternoons and the new employee will make $435 per month; then there are 2 changes that will happen to the monthly net income

1. Increased Revenue: Since the new employee will be bringing in additional revenue of $435, then the direct impact of that is an increment in the revenue line of the income statement

2. Increased Costs: Secondly, this change will affect Korey's monthly net income in the area of cost because he has to pay the extra hand some sort of monthly salaries which will have a reducing effect on profit.

7 0

4 years ago

The idea that the white race is superior to other races is called

Bad White [126]

Answer:

racism

Explanation:

4 0

3 years ago

Read 2 more answers

E14.3 (LO 1) (Entries for Bond Transactions) Presented below are two independent situations. 1. On January 1, 2020, Simon Compan

Savatey [412]

Answer:

1) January 1, 2020

Dr Cash 200,000

Cr bonds payable 200,000

July 1, first coupon payment

Dr Interest expense 4,500

Cr Cash 4,500

December 31, fourth coupon payment

Dr Interest expense 4,500

Cr Interest payable 4,500

2) June 1, 2020

Dr Cash 104,000

Cr Bonds payable 100,000

Cr Bond interest payable 4,000

July 1, first coupon payment

Dr Interest expense 2,00

Cr Cash 2,000

December 31, accrued interest expense

Dr Interest expense 6,000

Cr Interest payable 6,000

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3 years ago

Leslie's Unique Clothing Stores offers a common stock that pays an annual dividend of $3.10 a share. The company has promised to

Gre4nikov [31]

Answer:

The maximum that one should be willing to pay for this stock today is $21.38

Explanation:

The constant dividend paying company is the one whose dividend growth remains zero or unchanged. The zero growth model of the DDM is used to calculate the price or value of stock today of such a stock. This kind of stock is just like a perpetuity as it pays a fixed amount after fixed intervals of time forever.

The formula for price of such a stock or zero growth model is:

Price = Dividend / r

Price = 3.1 / 0.145

Price = $21.379 rounded off to $21.38

6 0

4 years ago

The shareholders’ equity section of the balance sheet of TNL Systems Inc. included the following accounts at December 31, 2015:

ivolga24 [154]

Answer:

TNL System Journal entries

Date Description DR CR

$'million $'million

a. Feb 5 Treasury Stock 66

Cash 55

Being the purchase of own shares

b. July 9 Cash 26

Treasurt Stock 22

Paid -in- Capital -share repurchase 4

Being the resale of treasury stock

c. Nov 4 Cash 16

Paid - in-capital- share repurchase 5

Retained earnings 1

Treasury stock 22

Being the resale of treasury stock below the cost

2. Balance Sheet as at December 31, 2018

$'million

Equity

Common stock, 230 ,illion shares at $1 230

Paid-in-excess capital of par 1,830

Retained Earnings ( 1,400 - 1 -1,399) -

2,060

Treasury Stock (22)

Total Equity 2,038

Explanation:

3 0

4 years ago