Answer:
Between quarter 7 and 8
Explanation:
To calculate the recession lets consider the quarter 7 and 8.
GDP in quarter 7 =$4499 Billion
GDP in quarter 8 =$4409 Billion
Growth rate of GDP in these two quarters= 4409-4499/4499*100
= -2 percent
Recession happens when the GDP decreases
Answer:
27.14 months
Explanation:
to calculate how long it will take to pay the loan, we can use an excel spreadsheet and the NPER function:
=NPER(rate,payment,-loan)
- payment = 630
- rate = 1.03
- loan balance = 14,850
=NPER(1.03%,630,14850) = 27.14 months
Answer:
$31,320.00
Explanation:
The formula for accounting rate of return is the annual net cash flow divided by the initial investment.
If the initial investment was $522,000 and the accounting rate of return is computed to be 6% per year, hence the annual increase in cash flow accruing from the investment can be calculated by changing the subject of the formula.
ARR=annual increase in cash flow/initial investment
ARR is 6%
initial investment is $522,000
annual increase in cash flow?
6%=annual increase in cash flow/$522,000
annual increase in cash flow=6%*$522,000= $31,320.00
Based on the fact that CTR, Inc sent a check to Acel Co, there will be a debit to b. Accounts receivable is debited to reinstate the CTR account.
<h3>Which account will be debited?</h3>
The Accounts Receivable account will be debited by the Allowance for Doubtful Accounts to bring back the written off debt.
The Account Receivable account will then be credited to cash to account for the cash being received.
In conclusion, option B is correct.
Find out more on bad debts at brainly.com/question/26036981
As per the given scenario, the Germany nation has a comparative advantage in producing corn.
<h3>What is comparative advantage?</h3>
Comparative advantage is when one country can produce a good at a lower cost in terms of other goods.
As Germany can produce 6 bushels of corn and the united states can produce 3 bushels of corn in a set period, Germany has a comparative advantage in producing corn.
Learn more about Comparative advantage here:
brainly.com/question/13221821
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