Answer:
$1120
Explanation:
The computation of the GDP is shown below:
Y = C + I + G + X
Here Y denotes the GDP
C denotes the consumption = $500 - $80 - $20 = $400 and 700 - 50 = $650
I denotes the investment = $
G denotes the government purchase = $20
X denotes the net exports = $50
So,
Y = $400 + $650 + 0 + $20 + $50
= $1120
Answer:
Commercial Bank > Offers checking accounts
Financial service company > Offers high-risk loans
Savings and loan association > Provides home mortgages
Credit union > Is owned by its members
Explanation:
1. Commercial Bank > Offers checking accounts
Commercial bank is a financial organization which accepts deposits, offers varieties of products including checking accounts, and provides loans to the public and enterprises.
2. Financial service company > Offers high-risk loans
When a company looks to develop economic growth through the use of money supply from the savings accounts of people, and offers risky loans, that company is said to be a financial service company.
3. Savings and loan association > Provides home mortgages
When an institution acts like a bank by not being a banking institution, and provides mortgages, it is coined as savings and loan association.
4. Credit union > Is owned by its members
Member-based financially operated organizations which helps people to provide financial services like non-risky loans and deposits, that is termed as credit union.
The biggest potential problem when selecting a topic at random is that you don't know what topic to expect, whether it will be something you already know or something that you haven't even know, by that, conflicts will arise if the topic you get is something that you don't know or have studied on.
None of the above because those are all sorta bad but that’s me tho
Answer: The effect will be that the results will be distorted by registering a gain in the incorrect period, since 3 months correspond to the current year, from October-December and the rest corresponds from January-March of the following year.
The correct way to record these 3 months is as a liability (deferred income) when the income is realized they are taken to the income statement.
