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4 years ago

Per capita gdp can help with the understanding of economic growth

Business

2 answers:

Whitepunk [10]4 years ago

6 0

Answer: B

Explanation:

malfutka [58]4 years ago

3 0

The correct option is B.
Per capita GDP refers to the measure of a nation gross domestic product per person. It literally refers to the amount of money that each person in the country make in term of salary or wages. Thus, GDP values show how economic growth has affected the average person in the economy.

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The following events occurred for Favata Company: a. Received $13,000 cash from owners and issued stock to them. b. Borrowed $10

Vladimir [108]

Answer and Explanation:

The indication of the account, amount and the direction of the effect are as follows

As we know that

Accounting equation is

Total assets = Total liabilities + stockholder equity

Based on this, the indication and the direction aare as follows

Assets = Liabilities + Stockholders' Equity

A) $13,000 = 0 + $13,000

It increased both the assets and the stockholder equity i.e capital

B) $10,000 = $10,000 + 0

It increased both the assets and the liabilities

C) $1,100 = $1,100 + 0

It increased both the assets and the liabilities

D) +$18,000 -$1,600 = $16,400 + 0

It increased the land by $18,000 and decreased the cash by $1,600 and at the same time it increased the liabilities by $16,400

E) +$6,000 -$1,600 = $4,400 + 0

It increased the equipment by $6,000 and decreased the cash by $1,600 and at the same time it also increased the liabilities by $4,400

Total $44,900 = $31,900 + $13,000

4 0

3 years ago

Item 3Item 3 Cutter Enterprises purchased equipment for $87,000 on January 1, 2018. The equipment is expected to have a five-yea

Rus_ich [418]

Answer:

$27,400 and $59,600

Explanation:

The computation of the depreciation expense and the book value using the sum of-the-years'-digits method is shown below:

Depreciation expense is

= (Purchase cost - residual value) × useful life ÷ sum of years

= ($87,000 - $4,800) × 5 years ÷ (5 + 4 + 3 + 2 + 1)

= $27,400

And, the book value is

= Purchase cost - depreciation expense

= $87,000 - $27,400

= $59,600

8 0

3 years ago

These expenditures were incurred by Carla Vista Co. in purchasing land: cash price $61,440, accrued taxes $4,720, attorney’s fee

ludmilkaskok [199]

Answer:

Cost of land = $76,240

Explanation:

Cost of land = cash price + accrued taxes + attorney's fees + broker's commission + clearing and grading

Cost of land = $61,440 + $4,720 + $2,660 + $3,360 + $4,060

Cost of land = $76,240

Original cost is the total price associated with the purchase of an asset.
The original cost of an asset takes into consideration all of the items that can be attributed to its purchase and to putting the asset to use.
These costs include the purchase price and such factors as commissions, transportation, appraisals, warranties and installation and testing.
Original cost can be used to value an asset type, including equipment, real estate and security instruments.

3 0

4 years ago

Dextra Computing sells merchandise for $15,000 cash on September 30 (cost of merchandise is $12,000). The sales tax law requires

Nitella [24]

Answer and Explanation:

The journal entries are shown below:

1. On Sep 30

Cash $15750

To Sales $15,000

To Sales taxes payable ($15000 ×5%) $750

(Being the cash receipts is recorded)

For recording this we debited the cash as it increased the assets and credited the sales and sales tax payable as it increased the revenue and liabilities

2 On Sep 30

Cost of goods sold $12,000

To Merchandise inventory $12,000

(Being the cost of goods sold is recorded)

For recording this we debited the cost of goods sold as it increased the expenses and credited the merchandise inventory as it reduced the assets

3 On Oct 15

Sales taxes payable $750

To Cash $750

(Being cash paid is recorded)

For recording this we debited the sales tax payable as it reduced the liabilities and credited the cash as it decreased the assets

5 0

3 years ago

How can businesses addressing unemployment?

vfiekz [6]

Small businesses are actually the major engine of the economy, especially now that much of our manufacturing jobs have moved overseas, so they play a crucial role in employment.

8 0

3 years ago