Answer:
90,000
Explanation:
Recall that, GDP which is the gross domestic product is the total monetary value of all final goods and services produce within a country geographical boundary for a period of time say one year.
In this case, since the house was built in 1997, it can't be counted as part of 2020 GDP as sale of second hand houses isn't included in GDP.
However, the commission received by the agent can be added to the current GDP.
Thus
Given that
Commission = 6% = 0.06
Sale price = 1500000.
Thus, agent fee in dollars
= 0.06 × 1500000
= $90,000
Therefore, $90,000 will be included in the GDP.
Answer:
$4,580 and $4,580
Explanation:
The depreciation expense computation for the first and second year under straight line method is as see below;
= Original cost - Residual value / Useful life
= ($27,200 - $4,300) / 5yrs
= $22,900 / 5yrs
= $4,580
With regards to using the straight line method, the depreciation value is the same for all the remaining useful years.
It therefore means that for the first and second year, the same depreciation value of $4,580 should be charged distinctly for each year.
Answer:
The correct answer is letter "D": many career choices to make.
Explanation:
The career clusters is the classification of different available professional careers from where individuals can choose to develop their professional path. The careers are based on principles such as ethics, critical thinking or problem-solving, and have six (6) broad groups: <em>Business, Management and Administration, Agriculture, Food and Natural Resources, Communication and Information Systems, Human Services, Health Science and Technology, </em>and <em>Engineering, Manufacturing and Technology.
</em>
Each group is divided into more layers that include several specific careers. In such a case, <em>students and people interested in going to college have a large pool from where they can choose.</em>
A quarterly income statement is a form that can force an entrepreneur to keep track of the gains and losses from their company over the course of three months. It is also referred to as the profit or loss account.
It is a financial statement that lists both the business's expenses and potential profits. It will include information about your three-month earnings in total. It demonstrates how your revenues can be turned into earnings.
By balancing the accounting books, the quarterly income statement may be calculated. You are required to make this type of statement while taking into account the company's financial stability. A Microsoft Word template or an Excel template is a fantastic place for you to start when preparing an quarterly income statement . You must thoroughly examine your company's performance in corporate finance, and you can only accomplish that by determining your company's income. In addition to a balance sheet, you must calculate your net income and evaluate your earnings.
Learn more about quarterly income statement here
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Answer:
True
Explanation:
It is TRUE that the owner of a franchise benefits from brand name recognition, access to professional and nationwide advertising.
This is because the owner of a franchise has various advantages. The advantages include enhanced reputation which covers all the places there is a franchise.
Then there is an increase in management techniques and work practices, including access to national advertising to cover many places and continuous support.
