Answer:
C). Write a letter to Walter stressing to him the value of a college education.
Explanation:
The most ethical and moral action that Coach Edward should take in the given situation would be to 'write a letter to Walter stressing to him the value/significance of college education.' It would not only educate Walter regarding the crucial role that college education plays in defining the success and personality of an individual but also emphasize the benefits of joining the college team which would be vital to his overall career and give a direction to his skills. Thus, this would serve Coach Edwards' purpose ethically by making Walter understand the idea logically and convince him. Therefore, option C is the correct answer.
On July 1, 2019, Pharoah Company purchased new equipment for $80,000. Its estimated useful life was 8 years with a $16,000 salvage value. On January 1, 2022, before making its depreciation entry for 2022, the company estimated the remaining useful life to be 10 years beyond December 31, 2022. The new salvage value is estimated to be $5,000. Compute the revised annual depreciation on December 31, 2022.
Answer:
Pharoah Company
Revised Annual Depreciation on Dec. 31, 2022:
= Depreciable amount divided by 10 years
= $55,000/10 = $5,500
Explanation:
a) Data:
July 1, 2019: Equipment Purchase $80,000
Estimated useful life = 8 years
Salvage value = $16,000
b) Computations:
Depreciable amount = $64,000 ($80,000 - 16,000)
Annual Depreciation Expense = $8,000 ($64,000/8)
Six months Depreciation Expense = $4,000 ($8,000/2)
c) Accumulated Depreciation from July 1, 2019 to Jan. 1, 2022:
July 1, 2019 to Dec. 31, 2019 = $4,000
Jan. 1, 2020 to Dec. 31, 2020 = $8,000
Jan. 1, 2021 to Dec. 31, 2021 = $8,000
Total = $20,000
d) Revision of Estimates:
Jan. 1, 2022, Book Value = Cost minus Accumulated Depreciation ( $80,000 - $20,000) = $60,000
Re-estimated salvage = $5,000
Depreciable amount =$55,000
Remaining useful life = 10 years
Annual Depreciation Expense = $5,500 ($55,000/10)
e) Depreciation is an accounting estimate used as a way of expensing the cost of a fixed asset over its useful life. It is in line with the accrual concept and matching principle of generally accepted accounting principles, which require expenses and revenues to be matched to the related period, expenses and revenues. It is based on the judgement of management and can be revised in line with changing circumstances and judgements. There are many methods for accounting for depreciation, including the straight-line as above, the unit of production method, double declining, sum of the years digit method, and accelerated methods like the MACRS or Modified Accelerated Cost Recovery System for tax accounting.
when it comes to overcoming resistance in groups it is a good idea to
avoid all conflict in the first place
hold off on dealing with minor problems until the conflict becomes major
deal directly with resistance
encourage participants to suppress their emotions about the situation
Answer:
C! deal directly with the resistance
Explanation:
makes the most sense to me
Match each type of business with one of its features.
Public
corporation
?
Unlimited liability
Government
corporation
?
Collective decision making
General
partnership
Stockholder control
A
Sole
proprietorship
Public regulation
Answer:
See below
Explanation:
Public corporation
Stockholder control: stockholders or shareholders are the owners. They control the corporation by electing the board of directors.
Government corporation
Public regulation: Is fully or partially owned by the government. They are formed and governed through legislation.
General Partnership
Collective decision-making. Partners share in the running of the business. Decisions are made after consultations with partners.
Sole proprietorship
Unlimited liability. The business and owner are treated as one entity. Assets and debts of the business belong to the owner.
Answer:
Explanation
Public
corporation = Stockholder control
General
partnership = Collective decision making
Sole
proprietorship = Unlimited liability
Government
corporation = Public regulation
Blue Spruce Corp. issued 1,100 6%, 5-year, $1,000 bonds dated January 1, 2022, at face value. Interest is paid each January 1.
(a) Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
(b) Prepare the adjusting journal entry on December 31, 2022, to record interest expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
(c) Prepare the journal entry on January 1, 2023, to record interest paid. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Answer:
a.
January 1, 2022
Cash $1100000 Dr
Bonds Payable $1100000 Cr
b.
December 31, 2022
Interest expense $66000 Dr
Interest Payable $66000 Cr
c.
January 1, 2023
Interest Payable $66000 Dr
Cash $66000 Cr
Explanation:
a.
The bonds are issued at face value. The face value of each bond is $1000 and there are 1100 bonds issued in total. Thus, the cash received from issuance of bonds is,
Cash = 1100 * 1000 = $1100000
So, we debit the cash by this amount and credit the bonds payable account.
b.
The interest expense for the year on these bonds is,
1100000 * 0.06 = $66000
The adjusting entry made on December 31 2022 will include a debit to the interest expense and a credit to the interest payable. The interest expense will be debited because under the accrual principle, we match the expenses to the period to which they relate.
c.
The entry to record payment of interest will result in a debit to interest payable as liability is being closed through this payment and a credit to cash
Based on the information given the appropriate journal entries to record the transactions are:
Blue Spruce Corp. Journal entries
a. January 1, 2022
Debit Cash $1,100,000
(1,100 x $1000)
Credit Bonds payable $1,100,000
(To record sale of bonds)
b. December 31,2022
Debit Interest expense $66,000
Credit Interest payable $66,000
($1,100,000×6%)
(To record interest expense)
c. January 1, 2022
Debit Interest payable $66,000
Credit Cash $66,000
($1,100,000×6%)
(To record interest paid)
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Ghana is the largest exporter of cocoa, while Netherland is the largest importer of cocoa. How have the two participating countries benefited by global
trade?
The biggest importer of cocoa is the Netherlands, whereas Ghana is the biggest supplier of the bean. Global commerce helped the two participating nations by boosting their economies.
The Netherlands imports the most cocoa, but why is that?In more than half of the instances, they were Ivory Coast natives. The world's leading importer of cocoa beans is now the Netherlands. The Dutch chocolate processing industry will get around three-quarters of it, with the remaining one-fourth being immediately sold to other countries.
How does participating in international trade assist countries?By international trade, nations can get goods and services that would not otherwise be available domestically, so increasing their markets. As a result of international trade, the market is more competitive. As a result, prices become more competitive and the buyer receives a less priced product.
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reducing accounts in chart of accounts
Answer:
Reducing the Chart of Accounts It may be possible to drastically shrink the number of expense accounts in use. In particular, consider using just the following mega-accounts: Direct costs. This account will probably contain the cost of materials and supplies used in the production process, as well as freight costs, and not a great deal more.
Explanation:
A free enterprise system provides individuals the opportunity to make their own economic decisions, without restrictions from the government. It allows the supply and demand of consumers to determine the success or failure of an economic endeavor. As a result, some business owners have become successful, while others have not.
In an essay, you will choose an entrepreneur and argue whether the free enterprise system was necessary for that individual to make an impact on the business world.
The entrepreneur that is chosen for this argument is Steve Jobs. Steve Jobs was one of the co-founders of Apple, which is now a trillion-dollar company.
The free enterprise system was necessary for Steve Jobs to make an impact on the business world. Steve Jobs did not come from a wealthy background, but he had a passion for technology. The free enterprise system allowed him to start a business without any restrictions from the government.
He was able to create innovative products, such as the iPhone and iPad, and sell them to consumers. The supply and demand of consumers determined the success or failure of his business endeavors. Steve Jobs was able to create a successful company and become a billionaire because of the free enterprise system.
Without the free enterprise system, Steve Jobs may not have been able to start a successful business and make an impact on the business world.
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Company X paid Company Y $1.85 million for a new plant. During the same accounting period, Company X experienced the following changes in its balance sheet: Cash decreased by $353,000, Accounts Receivable increased by $321,800, Inventory increased by $276,300, Property, Plant, and Equipment increased by $753,400, and Bonds Payable increased by $2 million. The net cash flow provided by financing activities is:
Answer:
An Inflow of $2 million
Explanation:
Financing Activities involve the sourcing of capital and the repayment thereoff.
Only item that belongs to financing activities is the Increase in Bonds Payable by $2 million which presents a Cash Inflow.
The net cash flow provided by financing activities is: An Inflow of $2 million
If you think a task is boring, you should avoid it.
Please select the best answer from the choices provided
True
False
False
Do not give up on a task just because it doesn't interests you
.kuewgh rvl;3qirutnb';eibtybu'4t/yp4 'be65w
Answer:
Is False
explanation ajsdasd
Deregulation in the banking industry in 2007 was mainly intended to lead to _____. (Select all that apply.)
an efficient marketplace
competitive pricing
riskier investments
volatile interest rates
Answer:
riskier investment
Explanation:
Mark brainliest
Question 4 (4 points)
Match each Type of Sales Channel to its corresponding description.
>
Selling products in bulk
to various outlets or
retailers for onward
sale.
When a brand or
manufacturer sells
direct to consumers
and the end users of
their products, as
opposed to selling to
them solely through
retailers.
Selling products directly
to end customers for a
profit, either in-store,
online, mail-order, or
by phone.
Businesses that sell to
other businesses who
are the intended end
user of the product.
1. Retail.
2. Wholesale
3. Direct to Consumer
4. B2B
Based on business and trading methods, the type of sales channel, that matches the description can be any of the following Retail, Wholesale, Direct Consumer, or B2B.
What are Sales Channels?The Sales Channel is a term that is used to describe the ways or methods in which producers sell their products. This method can either be through direct or indirect routes.
Considering the available descriptions we have the following sales channel matching them.Wholesale: Selling products in bulk to various outlets or retailers for onward sale.Direct to Consumer: When a brand or manufacturer sells direct to consumers and the end users of their products, as opposed to selling to them solely through retailers.Retail: Selling products directly to end customers for a profit, either in-store, online, by mail-order, or by phone.B2B: Businesses that sell to other businesses who are the intended end user of the product.Hence, in this case, it is concluded that each of the types of sales channels has its peculiarities that producers may choose to utilize.
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[100 points, economics, midpoint question]
Consider two markets: the market for motorcycles and the market for pancakes. The initial equilibrium for both markets is the same, the equilibrium price is $6.50, and the equilibrium quantity is 21.0. When the price is $12.75, the quantity supplied of motorcycles is 63.0and the quantity supplied of pancakes is 101.0. For simplicity of analysis, the demand for both goods is the same.
Using the midpoint formula, calculate the elasticity of supply for pancakes. Please round to two decimal places.
The elasticity of supply for televisions: 2. less elastic than supply in the market for televisions.
To calculate the elasticity of supply, we use the midpoint formula, which is given by:
Elasticity of Supply = (Percentage change in quantity supplied) / (Percentage change in price)
First, we need to calculate the percentage change in quantity supplied:
Change in quantity supplied = New quantity supplied - Initial quantity supplied
Change in quantity supplied for televisions = 800 - 1,000 = -200
Percentage change in quantity supplied = (Change in quantity supplied / Initial quantity supplied) * 100
Percentage change in quantity supplied for televisions = (-200 / 1,000) * 100 = -20%
Next, we calculate the percentage change in price:
Change in price = New price - Initial price
Change in price = $1,200 - $800 = $400
Percentage change in price = (Change in price / Initial price) * 100
Percentage change in price = ($400 / $800) * 100 = 50%
Now, we can calculate the elasticity of supply for televisions:
Elasticity of Supply = (-20% / 50%) = -0.4
The elasticity of supply for televisions is -0.4, it indicates that the supply of televisions is inelastic. This means that the quantity supplied of televisions is not very responsive to changes in price.
The answer is: 2. less elastic than supply in the market for televisions.
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Complete question:
Consider two markets: the market for smartphones and the market for televisions. The initial equilibrium for both markets is the same, with an equilibrium price of $800 and an equilibrium quantity of 1,000. When the price increases to $1,200, the quantity supplied of smartphones is 1,500, and the quantity supplied of televisions is 800. For simplicity of analysis, assume that the demand for both goods is the same.
Using the midpoint formula, calculate the elasticity of supply for televisions. Please round to two decimal places.
Supply in the market for smartphones is
the same elasticity as supply in the market for televisions.less elastic than supply in the market for televisions.There is not enough information to tell which has a higher elasticity.more elastic than supply in the market for televisions.upper and lower extremity of bursitis
Answer:
the answer is your bookjdjhmmBooynoheCNN
A firm suffering economic losses decides whether or not to produce in the short run on the basis of whether:_________
a. revenues from operating are sufficient to cover fixed plus variable costs
b. firms suffering economic losses will always shut down
c. Price cover minimum variable costs
d. revenues from operating are sufficient to cover fixed costs
Answer:
C
Explanation:
A firm is making economic losses if opportunity cost is greater than accounting profit.
In the short run, a firm should shut down if price is less than variable cost.
A short run is the period where all the factors of production are fixed
Fixed costs are costs that do not vary with output. e,g, rent, mortgage payments
If production is zero or if production is a million, Mortgage payments do not change - it remains the same no matter the level of output.
Hourly wage costs and payments for production inputs are variable costs
Variable costs are costs that vary with production
If a producer decides not to produce any output, there would be no need to hire labour and thus no need to pay hourly wages.
You have a gross lease. Your rent is $1,000 per month. Taxes and maintenance total $500 per month. What is your total
monthly payment?
A) 500
B) 1,000
Answer:
Your total monthly payment would be 1,500 dollars.
Explanation:
State 2 functions of an entrepreneur.
Answer:
taking the risk of developing new products or services.
successfully bringing new products and services into the marketplace.
Leslie was born on September 12, 2002. When will Leslie be able to purchase alcohol?
Leslie was born on September 12, 2002. When will Leslie be able to purchase alcohol? In most countries around the world, the legal drinking age is 18 years old or above. In the United States of America, it is 21 years old.
Leslie, born in 2002, is currently 19 years old. This implies that Leslie can purchase alcohol if she resides in a country where the legal drinking age is 18 years or above.
A few countries, such as Italy, allow 16-year-olds to drink beer or wine with a meal if they are accompanied by an adult.
However, these laws vary from one country to another, and the safest bet is to look up the drinking laws in your specific country or region to learn more about legal drinking ages.
Alcohol is harmful when consumed in excessive quantities, causing mental and physical problems.
Thus, it is critical to consume alcohol responsibly, regardless of the legal drinking age in one's region. If Leslie chooses to drink alcohol, she should only do so in moderation and not become addicted to it.
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Which of the following may be used to
govern carriage of goods by sea?
a Hamburg, Hague protocol 1955, Hague - Visby
b Hague, Protocol 1955, Warsaw
c Hamburg, Hague, Hague - Visby, Warsaw
After graduation, you decide that you can pay $203.24 per month extra on your student loan (standard monthly payment is 302.99), which has a balance of $50,000 and 20 years of monthly payments remaining. The annual interest rate on the loan is 4% How many years early will you be able to pay off the loan?
Answer:
120 months or 10 years earlier
Explanation:
The computation of the number of years early would pay off the loan is shown below:
By using the financial calculator
RATE = 4% ÷ 12
P V = $50,000
PMT= -$203.24 - $302.99
FV = 0
CPT N=120
Now for extra payment it would take 120 months
And without extra payment it would take
= 20 × 12
= 240 months
So either 120 months or 10 years earlier
'professionally managed and centrally coordinated marketing channels designed to achieve channel economies and maximum marketing impact are referred to as
In order to achieve channel economies and the most possible marketing impact, vertical marketing systems—professionally managed and centrally coordinated marketing channels—were developed.
What do you mean by vertical marketing system in terms of marketing?A vertical marketing system is produced when wholesalers, retailers, and manufacturers all collaborate to meet the needs of their customers. It makes it possible for one company to have complete control over the production and distribution of a thing.
A vertical marketing system's ability to act as a system is one of its advantages.The main advantage of VMS is that it allows your company total control over all facets of developing and promoting a product. By being able to see the larger picture, anticipate problems, and make changes as needed, doing this increases your efficiency.
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Periodic inventory using FIFO, LIFO, and weighted average cost methods
The units of an item available for sale during the year were as follows:
Date Line Item Description Units Cost per Unit Amount
Jan. 1 Inventory 20 units at $32 $640
Aug. 13 Purchase 5 units at $34 170
Nov. 30 Purchase 4 units at $36 144
Available for sale 29 units $954
There are 17 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using the (a) first-in, first-out (FIFO) method; (b) last-in, first-out (LIFO) method; and (c) weighted average cost method (round per-unit cost to two decimal places and your final answer to the nearest whole dollar).
a. First-in, first-out (FIFO) method
b. Last-in, first-out (LIFO) method
c. Weighted average cost method
The cost of inventory using the first-in, first-out (FIFO) method, last-in, first-out (LIFO) method and weighted average cost method is $568, $602, $578 respectively.
What is FIFO?First in, first out (FIFO) is a method of asset management and valuation in which assets produced or acquired first are sold, used, or disposed of first.
Given Information,
Jan. 1: Inventory 20 units at $32
Aug. 13: Purchase 5 units at $34
Nov. 30: Purchase 4 units at $36
Units available for sale is 29 units.
Units in the physical inventory is 17 units.
1) Calculation of inventory cost using FIFO (first-in, first-out)
The cost of ending inventory is the cost of the last units bought.
Ending inventory= 4× $36 + 13× $34 = $568
2) Calculation of inventory cost using LIFO (last-in, first-out)
The cost of the ending inventory is the cost of the first units bought.
Ending inventory= 5× $32 + 12× $34 = $602
3) Calculation of inventory cost using Weighted-average:
Weighted average price= ($32+$34+$36)/3 = $34
Ending inventory= 17*$34 = $578
Therefore, the cost of the closing inventory using the FIFO method is $568, using LIFO it is $602, and $578 using the weighted average method.
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A company has non-current assets with a net book value totaling $820,000 at the start of the year. Assets costing $95,000 was disposed of. These assets were held for three years at a straight-line depreciation rate of 20%. The depreciation charge for the year was $150,000. If the closing balance for the total non-current assets (at net book value) at the end of the year was $975,000, what value of new assets were purchased during the year?
Answer:
343,000
Explanation:
The value of new assets purchased during the year is $ 400,000 which includes closing balance of non-current assets, depreciation, and cost of assets disposed minus the opening balance of assets.
What is an Asset?A resource with the economic worth that an individual, company, or country possesses or controls with the hope of future gain is referred to as an asset.
In the given case, we need to calculate the value of assets purchased during the year:
\(\rm\,Value\,of\,new\,assets\,purchased\,during\,the\,year = Closing\,balance\,of\,Non\,Current\,assets\,+ \\\,Depreciation\,+ \,Cost\,of\,the\,goods\,sold\,- Beginning\,balance\,of\,Non\,Current\,assets\,\\\\= \$\,975,000\,+\,\$150,000\,+\,\$95,000\,-\,\$820,000\\\\=\$400,000\)
Hence, the value of new assets that were purchased during the year is
$ 400,000.
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should you be concerned about data security? in a recent survey _______ americans reported that they do not trust businesses with their personal information online.
a) less than 30%
b) more than 75%
c) approximately 60%
e) approximately 45%
In a recent survey more than 75% Americans reported that they do not trust businesses with their personal information online. People should you be concerned about data security.
What is data security?Data security refers to the process of protecting data from unauthorized access and corruption throughout its lifecycle. For all apps and platforms, data encryption, hashing, tokenization, and key management are all data security solutions.
Thus, option B, more than 75% is correct.
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What material best described by "a heavy durable fabric with a short thick velvety nap on one side: a woven cloth with a suede-like appearance with a nap less that 1/18th of an inch"?
Doeskin is a strong durable fabric with a short thick velvety nap on one side: a woven cloth with a suede-like look with a nap less than 1/18th of an inch. Hence, the correct answer is Doeskin.
What exactly is Doeskin material?Tightly milled, twill weave, face finish, 100% Merino wool. It has a weight of 390gsm and a width of 142cms, and it comes in a variety of traditional and modern colors. The moniker "Doeskin" came from the fabric's resemblance to the skin of a female deer. Doeskin is the velvet-like split hide of an adult female deer. It is extensively utilized in the production of gloves. It rapidly receives dye. A tightly woven medium-weight wool fabric with a short soft nap, akin to duvetyn, is also referred to by the word.
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The best way to start a statement on your résumé is with _____. a. “I” or “My” b. a noun c. an active verb d. an adjective Please select the best answer from the choices provided A B C D
The best way to start a statement on your résumé is by using an active verb.
What is a Résumé?
This is referred to a document that summarizes work experience, educational background, and special skills of individuals.
A résumé starts with an active verb as it helps to show the necessary actions within a sentence thereby making option C the most appropriate choice.
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Think of a time when you were leading a group project. What kinds of problems emerged? How did you hanlde them? How might those skills tranfer to managing a restaurant?
When leading a group project the most rising problem is deadlines and team coordination this can be handled by effective communication.
What is a group?
A group is referred to as a collection of people who come together to form a relationship or connection with each other. These groups mainly form to perform collaborative activities to achive something.
Working in a group was quite difficult as every individual have own perspective which causes differences of opinion and disagreement within the group.
This agreement can be solved by building effective communication and better relationships with group members in order to achieve the goal.
This will be helpful in the Restaurant business by dealing with customers and timely delivery of the demanded dish or service to them.
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Consider total cost and total revenue, given in the following table:
In the final column, enter profit for each quantity. (Note: If the firm suffers a loss, enter a negative number in the appropriate cell.)
Total Cost Marginal Cost
(Dollars)
Quantity (Dollars)
0
1
2
3
4
5
6
7
5
6
8
11
15
20
26
35
05
06
07
Total Revenue Marginal Revenue
(Dollars)
(Dollars)
0
6
12
18
24
30
36
42
AAAAAAA
Profit
(Dollars)
In order to maximize profit, how many units should the firm produce? Check all that apply.
04
The solution to the given question when we consider total cost and total revenue, given in the following table:
The Financial TableQuantity | Total Cost | Marginal Cost | Total Revenue | Marginal Revenue | Profit
------- | -------- | -------- | -------- | -------- | --------
0 | 5 | 5 | 0 | 0 | -5
1 | 11 | 6 | 6 | 6 | 1
2 | 17 | 6 | 12 | 6 | 5
3 | 24 | 7 | 18 | 6 | 4
4 | 31 | 8 | 24 | 6 | -7
5 | 39 | 8 | 30 | 6 | -9
6 | 47 | 8 | 36 | 6 | -11
7 | 55 | 8 | 42 | 6 | -13
As you can see, the firm's profit is maximized at quantity 3. This is because the marginal revenue is equal to zero at this point, which means that the firm is not making any additional profit by producing more units. In fact, if the firm produces more units, it will actually start to lose money.
Therefore, the answer to the question is 3.
In summary:
The firm's profit is maximized at quantity 3.This is because the marginal revenue is equal to zero at this point.If the firm produces more units, it will start to lose money.Therefore, the answer to the question is 3.Read more about marginal revenue here:
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Arbitron Media Research Incorporated conducted a study of the iPod listening habits of men and women. One facet of the study involved the mean listening time. It was discovered that the mean listening time for a sample of 11 men was 30 minutes per day. The standard deviation was 13 minutes per day. The mean listening time for a sample of 18 women was also 30 minutes, but the standard deviation of the sample was 13 minutes. At the 0.02 significance level, can we conclude that there is a difference in the variation in the listening times for men and women?
a. State the null and alternate hypotheses.
multiple choice
H0: σ12 = σ22 and H1: σ12 ≠ σ22
H0: σ12 = σ22 and H1: σ12 = σ22
H0: σ12 ≠ σ22 and H1: σ12 ≠ σ22
H0: σ12 ≤ σ22 and H1: σ12 > σ22
b. State the decision rule. (Round your answer to 2 decimal places.)
c. Compute the value of the test statistic. (Round your answer to 2 decimal places.)
d. Compute the p-value. (Round your answer to 4 decimal places.)
e. What is your decision regarding H0?
f. Interpret the result.
The hypothesis is H0: σ12 = σ22 and H1: σ12 ≠ σ22.
The decision would be to reject if the p value is less than the null.
The value of F test is 1
p value is 0.4804
How to solve for the solution to the questiona. The null and the alternate hypothesis is H0: σ12 = σ22 and H1: σ12 ≠ σ22.
b. What is the decision ruleThe decisions rule would be to reject the null hypothesis if the p value is less than the null
c. How to solve for the F test
We have the formula as:
F = S2² / S1²
= 13² / 13²
= 169 / 169
= 1
How to solve for the p value
df = 11 - 1 = 10
18 - 1 = 17
p value = 0.4804.
The p value is greater than the level of significance at 0.02, hence we would have to fail to reject the null hypothesis.
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what is a bond? in your own words. economics.
Answer:
A bond is simply a loan taken out by a company. Instead of going to a bank, the company gets the money from investors who buy its bonds. In exchange for the capital, the company pays an interest coupon, which is the annual interest rate paid on a bond expressed as a percentage of the face value.
Explanation:
Answer:
A bond is a fixed income Instrument that represents a loan made by investors to a borrower ( typically corporate or governmental).
Assume that the hypothetical economy of Econoland has 10 workers in year 1, each working 2,000 hours per year (50 weeks at 40
hours per week). The total input of labor is 20,000 hours. Productivity (average real output per hour of work) is $10 per worker.
Instructions: In parts a and b, enter your answers as a whole number. In part c, round your answer to 2 decimal places.
a. What is real GDP in Econoland?
$
b. Suppose work hours rise by 1 percent to 20,200 hours per year and labor productivity rises by 4 percent to $10.40. In year 2, what
will be Econoland's real GDP?
$
c. Between year 1 and year 2, what will be Econoland's rate of economic growth?
percent
In year one, the Econoland economy has 10 workers, each working 2,000 hours per year (50 weeks at 40 hours per week).
a. $200,000
b. $210,080
c. 5.04 percent
What is GDP?Gross domestic product (GDP) is a monetary measure of the market value of all final goods and services produced and sold by countries during a specific time period. Because of its complex and subjective nature, this measure is frequently revised before being considered a reliable indicator. The gross domestic product (GDP) is the monetary value of all finished goods and services produced within a country during a given time period.GDP provides an economic snapshot of a country and is used to estimate the size of an economy and its growth rate. GDP can be calculated in three ways: through expenditures, production, or income. Gross domestic product, or GDP, is a metric used to assess the health of a country's economy.To learn more about GDP, refer to:
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