Answer:
B
C
Explanation:
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Net export = exports – imports
Items not included in the calculation off GDP includes:
1. services rendered to oneself
2. Activities not reported to the government
3. illegal activities
4. sale or purchase of used products
5. sale or purchase of intermediate products
Only goods produced in a country would be included in the GDP. for this reason, the calculator would not be included in GDP
Answer:
The correct answer is:
The organization is called
Financial Accounting Standards Board.
The guidelines are called
Generally accepted accounting principles
that the CPA will use to prepare Wholly Shirts financial statements.
Explanation:
The FASB is an organization that provides guidelines for financial reports. The mission of the Council for Financial Accounting Standards (FASB) is to establish and improve financial accounting standards and the way of reporting; using public education, including issuers, auditors and other users of financial information.
The generally accepted accounting principles are a set of rules and norms that serve as an accounting guide to formulate criteria related to the measurement of equity and to the information of the patrimonial and economic elements of an entity.
Answer: The price of the popular product will increase.
Explanation:
Since it is stated that the product is popular. It means that it has vaule to most therefore when the price increases most will still buy as long as it is in reason.
The coin is worth $150,000 today. If compounded annually, the coin will be worth: [150000(1.07^5)], which it makes it equal to $210,382.76. Compounding the investment grade coin allows its value to compound upon the interest being received and hence carry a higher worth at the end of 5 years time period.