Answer:
Pakistan's GDP is 13.81 trillions of rupees.
Explanation:
GDP = C + I + G + NX
Here:
C = 10.50
I = 1.30
G= 2.80
NX = (1.30 - 2.09) = -0.79
GDP = 10.50 + 1.30 + 2.80 - 0.79
GDP = 13.81
Answer:
C. the activity of matching supply of output with demand over the medium time range.
Explanation:
Aggregate Planning is the activity of matching supply of output with demand over the medium time range through the use of information gotten from the inventory levels.
This ultimately implies that, an aggregate planning is a strategic technique used by organizations to make an aggregate plan for its manufacturing (production) process typically ahead of time, in order to have an idea of the level of goods are to be produced and what resources are required so as to reduce the total cost of production to its barest minimum.
Hence, aggregate planning is an attempt to forecast consumer demands within the criteria set by product, production process and distribution methods i.e within the intermediate range of its capacity.
Answer:
$133,000
Explanation:
According to the historical cost principle, the assets should be recorded at the purchase price or the acquisition cost. In this, no other cost should be recorded like assessed value, land improvements, etc
Since in the given question the Gallatin accepted the seller counter offer i.e. $133,000 so the same is to be presented in the financial statements
hence, the land should be recorded at $133,000
Answer:
Cyclical Unemployment
Explanation:
Cyclical Unemployment occurs due to irregularities surrounding an economy and these said cycles eventually brings about recession and thus, a good number of willing workers would not be able to get jobs due to this fact. What Joseph is experiencing is called Cyclical unemployment.
Answer:
Dr Impairment expense (p/l) $20,800
Cr Accumulated depreciation $20,800
Being entries to recognize the impairment of asset.
Explanation:
An asset is said to be impaired when the carrying amount is higher than the recoverable amount. The recoverable amount is the higher of the value in use (the expected future net cash flows from the use of the asset) and the fair value less cost to sell.
Given;
Cost = $936,000
Accumulated depreciation = $395,200
Carrying amount = $936,000 - $395,200
= $540,800
The recoverable amount is the expected future net cash flows from the use of the asset $520,000 as this is higher than the fair value of the equipment which is $416,000.
Since the carrying amount is higher than the recoverable amount, the asset is impaired.
Impairment = $540,800 - $520,000
= $20,800
The journal entries,
Dr Impairment expense (p/l) $20,800
Cr Accumulated depreciation $20,800
Being entries to recognize the impairment of asset.
Answer and Explanation:
The journal entries are shown below:
1. On July 1 2019
Machinery Dr $67,000
Fixture & Fittings Dr $68,000
Vehicles Dr $35,000
Current assets Dr $12,000
Goodwill Dr $28,000
To Current liabilities $18,000
To Share Capital (80,000 × $1 ) $80,000
To Paid in capital in excess of par 112,000 {80,000 × ($2.40 - $1)}
(Being the acquisition is recorded)
For recording this we debited all assets as it increased the values of assets and credited the liabilities and stockholder equity as it also increased
2. On July 1 2019
Paid in capital in excess of par $1,600
To Cash $1,600
(Being the share issuance cost is recorded)
For recording this we debited the paid in capital as it reduced the stockholder equity and credited the cash as it reduced the assets
Working notes:
For goodwill amount
= Purchase consideration - net identifiable assets
= $192,000 - $164,000
= $28,000
The net identifiable asset come from
= $67,000 + $68,000 + $35,000 + $12,000 - $18,000
= $164,000
Answer:
Explanation:
Antonio used the value of money as a unit of account to compare the value of the two cars namely Super and Duper and come to the conclusion that Duper was cheaper to Super
Antonio saved $ 4000 in his checking account which he gave to the seller. This represent money's role as a store of value
Antonio write a check of the money he saved to the seller and the seller accepted it and gave him the car which fulfill the role of money as a medium of exchange.