Answers
Out of the choices provided above, it can be concluded to state that the quantity of money demanded for transactions will be $6,000 if the conditions given above with respect to the nominal GDP are satisfied in an economic situation. Therefore, the option B holds true.
What is the significance of nominal GDP?
The nominalGDP of an economy can be referred to or considered as the unit of measurement that is used to represent the final value of finished goods and services, where no adjustments for the prevailing inflation rates are taken into consideration.
The quantity of money demanded can be computed using the given nominalGDP's information as under,
Quantity of Money Demanded = Nominal GDP x Dollar Spending
Quantity of Money Demanded = 1200 × 5
Quantity of Money Demanded = $6,000
Therefore, the option B holds true and states regarding the significance of nominal GDP.
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Explanation:
Related Questions
Compared to a perfectly competitive firm, a monopolist____________.A. will, according to Schumpeter, invest fewer resources in research and development.B. is less likely to face government regulation. C. is less likely to advertise. D. usually produces an inefficiently small level of output.
Project A has a predicted payback period of 2.5 and Project B has a predicted payback period of 5. Based on this information we can conclude that Select one: A. more information should be gathered before deciding on which project, if either, is desirable. B. Project A is preferred to Project B. C. Project B provides twice the return of Project A. D. Project B is preferred to Project A, but it is not necessarily twice as profitable.
Swifty Company purchased equipment for $256,800 on October 1, 2020. It is estimated that the equipment will have a useful life of 8 years and a salvage value of $12,000. Estimated production is 48,000 units and estimated working hours are 20,400. During 2020, Swifty uses the equipment for 600 hours and the equipment produces 1,000 units. Required:Compute depreciation expense under each of the following methods. Swifty is on a calendar-year basis ending December 31. a. Straight-line method for 2020 $enter a dollar amount. b. Activity method (units of output) for 2020 $enter a dollar amount. c. Activity method (working hours) for 2020 $enter a dollar amount. d. Sum-of-the-years'-digits method for 2022 $enter a dollar amount (e) Double-declining-balance method for 2021
the following comparative income statement (in thousands of dollars) for two recent fiscal years was adapted from the annual report of speedway motorsports, inc. (trk), owner and operator of several major motor speedways, such as the atlanta, texas, and las vegas motor speedways.
Magnificent Magazines received $16,800 on December 31, 2015, for subscription services related to magazines that will be published and distributed in January through December 2016.
b.
Walker Window Washing paid $1,680 cash for supplies on December 31, 2015. As of January 31, 2016, $280 of these supplies had been used up.
c.
Indoor Raceway received $4,200 on December 31, 2015, from race participants for providing services for three races. One race is held in January 31, 2016, and the other two will be held in March 2016.
1. Record the receipt of $16,800 on December 31, 2015, for subscription services related to magazines that will be published and distributed from January through December 2016.
2. Record the January 31, 2016 adjusting entry for the December 31, 2015 receipt of $16,800 for magazine subscriptions to be published January through December 2016.
3. Record the payment of $1,680 cash for supplies by Walker Window Washing on December 31, 2015. As of January 31, 2016, $280 of these supplies had been used up.
4. Record the January 31, 2016 adjusting entry for the December 31, 2015 cash payment of $1,680 for supplies. As of January 31, 2016, $280 of these supplies had been used up.
5. Record the receipt by Indoor Raceway of $4,200 on December 31, 2015, from race participants for providing services for three races. One race is held on January 31, 2016, and the other two will be held in March 2016.
6. Record the January 31, 2016 adjusting entry for the December 31, 2015 receipt of $4,200 from race participants for providing services for three races. One race is held on January 31, 2016 and the other two will be held in March 2016.
Answers
Answer:
Journal Entries
a1) Magnificent Magazines
Date Details Dr Cr
$ $
December 31, 2015 Cash 16,800
Deferred Revenue-subscription 16,800
Being recognition of prepaid subscription service for the year 2016
a2) Magnificent Magazines
Date Details Dr Cr
$ $
January 31, 2016 Deferred Revenue-subscription 1,400
Revenue 1,400
Being revenue for the month of January 2016
b1) Walker Window Washing
Date Details Dr Cr
$ $
December 31, 2015 Prepaid expense-Supplies 1680
Cash 1680
Being recognition of advance payment for supplies
b2) Walker Window Washing
Date Details Dr Cr
$ $
January 31, 2016 Expense - supplies 280
Prepaid expense-Supplies 280
Being supply expense for the month of January
c1) Indoor Raceway
Date Details Dr Cr
$ $
December 31, 2015 Cash 4,200
Deferred Revenue 4,200
Being recognition of race income paid in advance
c2) Indoor Raceway
Date Details Dr Cr
$ $
January 31, 2016 Deferred Revenue 1,400
Revenue 1,400
Being revenue for the month of January 2016
Explanation:
a) For Magnificent Magazines, the total amount paid $16800 is given as an advance for services not yet rendered. This amount which is for 12 months is then recognized as revenue when the services as provided on a monthly basis = 16800/12 = 1400
b) Walker windows paid in advance for supplies amounting to $1680, this is an asset to the company (prepayment) and as at January 2016, only $280 had been utilized. The utilized $280 is therefore expensed to the income statement
c) For Indoor Raceway, the $4200 is a liability as the services have not been provided yet, hence deferred revenue and the revenue is recognized after the service has been rendered in the income statement. For January, being 4200/3 = 1400
Answers
Answer:
Option (a) is correct.
Explanation:
Contribution margin per marketing plan = Sales - Variable cost
= $3,000 - $2,000
= $1,000
A.
(1)
Break even in marketing plan = 400
(2) Break-even in dollars:
= Break-even in marketing plan × Average rate per plan
= 400 × 3,000
= 1,200,000
(3) Margin of safety = Actual sales - Break-even sales in dollars
= 1,500,000 - 1,200,000
= 300,000
= 20%
B.
(1) Contribution margin per marketing plan = Sales - Variable cost
= $4,000 - $2,000
= $2,000
Break even in marketing plan = 200
(2) Break-even in dollars:
= Break-even in marketing plan × Average rate per plan
= 200 × 4,000
= 800,000
(3) Margin of safety = Actual sales - Break-even sales in dollars
= 1,500,000 - 800,000
= 700,000
= 47%
Therefore, option (a) would achieve the margin of safety ratio more than 45%.
Answers
Answer:
Environmental uncertainty is the degree to which and organization lacks factual or competent information concerning the internal and external factors affecting the operating environment of an organization.
Explanation:
Environmental complexity has the most impact on uncertainty because in a complex environment many external factors interact with the organization for example an automobile manufacturer requires highly skilled labour and they also have to deal with government regulations as they change. The maximum uncertainty occurs when there is a complex organization and an unstable environment.
Final answer:
Environmental uncertainty is influenced by forces such as technology, regulations, and competition. Both environmental complexity and dynamism can impact uncertainty, with complexity arising from various external factors while dynamism from the rate of change. The extent of impact depends on the specific context.
Explanation:
Environmental uncertainty refers to the lack of knowledge or predictability about the future state of the environment in which a business operates. There are several forces that can influence environmental uncertainty, such as technological advancements, government regulations, economic conditions, and competitive dynamics.
Environmental complexity refers to the number and diversity of external factors that affect a business. It includes factors like the number of competitors, customers, suppliers, and other stakeholders. Environmental dynamism, on the other hand, refers to the rate of change and unpredictability in the external environment.
Both environmental complexity and environmental dynamism can contribute to uncertainty, but the impact varies depending on the specific context. In some cases, environmental complexity may have a greater impact on uncertainty, as the presence of numerous factors and stakeholders can make it difficult to assess and predict outcomes. In other cases, environmental dynamism may be the primary driver of uncertainty as rapid changes in the external environment can make it challenging to anticipate and respond to new developments.
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b. has one hundred or more employees.
c. consents.
d. acted with malice or reckless indifference.
Answers
Answer: Acted with mallice and reckless indifference
Explanation: As per the legislations passed under Civil rights act, to recover the damages beyond simple compensation, in case of discrimination at work place by the employer, the act done must be reckless indifference like deliberate partial behavior on the basis of gender or race.
Answers
Answer:
450,000 units
Explanation:
This question asks to calculate the equivalent units of materials. It must be known that equivalent units are calculated by multiplying the number of physical units by percentage of completion.
The question assumes that materials are entered at the beginning of the process.
Mathematically, the equivalent units for materials = started into production + Beginning work in process
= 25,000 units + 425,000 units = 450,000 units
Answers
Answer:
See explanation section.
Explanation:
Sage Hill Company
Journal entries
Requirement A.
March 2 Account receivable - Oriole Company debit $891,900
Sales revenue credit $891,900
Note: Assume that the company used gross method under a perpetual inventory system, during the sales, the company did not deduct the discount.
Cost of good sold Debit $527,400
Merchandise inventory Credit $527,400
Note: Under the perpetual inventory system, a seller has to record cost of good sold journal.
Requirement B & C.
B.
March 6 Sales Returns and Allowances Debit $114,400
Account Receivable Credit $114,400
Note: As the company did not calculate the cost of return goods, we did not give the cost of merchandise journal.
C.
March 12 Cash Debit $891,900
Sales Discounts Debit $26,757
Account Receivable Credit $891,900
Note: Calculation: (891,900-(891,900 × 3%) = (891,900 - 26,757) = $865,143.
As the company received the amount with in the discount period, the customer got the discount from the seller.