Need help with this, is this answer correct? Answer choices are either 2020 or 2021
Homework Answers
The event increases consumption in 2021 and increases GDP in 2020.
Explanation: The car was produced in 2020 and sold in 2021. So, the value of the car would be included in the GDP in 2020 as inventory investment. Also, since the sale i.e. consumption happens in 2021, consumption increases in 2021.
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Need help with this, is this answer correct? Answer choices are
either 2020 or 2021
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Need help with 2020 inventory Exercise 8-23 Your answer is partially correct. Try again. The following...
Need help with 2020 inventory
Exercise 8-23 Your answer is partially correct. Try again. The following information relates to the Michael Jones Company Price Index 100 Date December 31, 2016 December 31, 2017 December 31, 2018 December 31, 2019 December 31, 2020 Ending Inventory (End-of-Year Prices) $ 75,600 98,988 107,125 121,290 113,400 113 125 130 135 Use the dollar value LIFO method to compute the ending inventory for Jones Company for 2016 through 2020. Ending Inventory 75600 2016 89160 87013...
Need help, correct answer is shown. All I need to know is how to work through...
Need help, correct answer is shown. All I need to know is how to
work through the answer. Please show work.
Suppose that nominal GDP increases by 6 percent in a year when real GDP increases by 3 percent. This means that the inflation rate, as measured by the percentage change in the GDP deflator, is approximately percent in that year. × 0.5 ×2
i need help explaining how to do it. The correct answer is: 33.3 percent 14 Exhibit...
i need help explaining how to do it.
The correct answer is: 33.3 percent 14 Exhibit 11-6 Use the table below to answer the following question(s). ats out Nominal GDP GDP Year (billions) deflator Year 1 600 100.0 Year 2 1,000 133.3 Refer to Exhibit 11-6. Measured in terms of Year 1 prices, real GDP in Year 2 was Select one: a. 1,333 b. 900. C. 750. Correct Cd. 600 The correct answer is: 750.
hi please help me find the correct answer to interest expense. -15600 or (15600) was the...
hi please help me find the correct answer to interest expense.
-15600 or (15600) was the wrong answer
Stanley and Jones Lawn Service Company (S&J) maintains its books on a cash basis. However, the company recently borrowed $260,000 from a local bank, and the bank requires S&J to provide annual financial statements prepared on an accrual basis. During 2021, the following cash flows were recorded: $480,000 Cash collected for: Services to customers Cash paid for Salaries Supplies Rent Insurance Miscellaneous...
please help. OR Answer only ONE of the choices. Your peers also need to participate. You...
please help.
OR Answer only ONE of the choices. Your peers also need to participate. You may politely correct anyone else's answer. Is the statement true or false? Give an explanation for your answer. 1) Ka and pH are the same things. 2) pH can change with temperature 3) an acidic buffer is made from a weak acid and weak base; 4) use the indicator table to see which indicator you will use for a titration of CH3COOH and NaOH;...
Need help in few areas in red. Your answer is partially correct. Try again. Turney Company...
Need help in few areas in red.
Your answer is partially correct. Try again. Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2020 sales forecast is as follows. Quarter HD-240 5,100 7,500 8,400 10,240 The January 1, 2020, inventory of HD-240 is 2,040 units. Management desires an ending inventory each quarter equal to 40% of the next quarter's sales. Sales in the first quarter of 2021 are expected to be 25% higher than sales in the same...
Need help with PART 3!!!! Sherrod, Inc., reported pretax accounting income of $88 million for 2021....
Need help with PART 3!!!!
Sherrod, Inc., reported pretax accounting income of $88 million for 2021. The following information relates to differences between pretax accounting income and taxable income: a. Income from installment sales of properties included in pretax accounting income in 2021 exceeded that reported for tax purposes by $7 million. The installment receivable account at year-end 2021 had a balance of $8 million (representing portions of 2020 and 2021 installment sales), expected to be collected equally in 2022...
Need some help with this. don't think this is correct. Need someone to provide correct answer...
Need some help with this. don't think this is correct. Need
someone to provide correct answer alongside explanation:
Below selected information for Flint Corporation for December 31. All purchases were paid for by cash. Land was sold for cash at a loss of $4,600. Equipment with a cost of $50,000 and accumulated depreciation of $40,000 was sold for cash at a gain of $2,800. No other transactions occurred. 2018 2017 Land $105,000 $250,000 Buildings 160,000 80,000 Accumulated Depreciation Buildings 49,100...
need help Question 9 (1 point) Use the figure below to answer the following questions. Price...
need help
Question 9 (1 point) Use the figure below to answer the following questions. Price level (GDP dellotor, 2007- 100 LAS 110 SAS 100 320 360 400 440 480 520 Real GDP billions of 2007 dollars) Figure 10.3.1 Refer to Figure 10.3.1. As the economy automatically adjusts to long-run equilibrium, the A) SAS curve shifts leftward. O B) AD curve shifts rightward. OC) AD curve shifts leftward. OD SAS curve shifts rightward. O E ) LAS curve shifts leftward....
Problem 18-11 Your answer is partially correct. Try again. On July 1, 2020, Sunland Construction Company...
Problem 18-11 Your answer is partially correct. Try again. On July 1, 2020, Sunland Construction Company Inc. contracted to build an office building for Gumbel Corp. for a total contract price of $1,880,000. On July 1, Sunland estimated that it would take between 2 and 3 years to complete the building. On December 31, 2022, the building was deemed substantially completed. Following are accumulated contract costs incurred, estimated costs to complete the contract, and accumulated billings to Gumbel for 2020,...
Need help with 2020 inventory
Exercise 8-23 Your answer is partially correct. Try again. The following information relates to the Michael Jones Company Price Index 100 Date December 31, 2016 December 31, 2017 December 31, 2018 December 31, 2019 December 31, 2020 Ending Inventory (End-of-Year Prices) $ 75,600 98,988 107,125 121,290 113,400 113 125 130 135 Use the dollar value LIFO method to compute the ending inventory for Jones Company for 2016 through 2020. Ending Inventory 75600 2016 89160 87013...
Need help, correct answer is shown. All I need to know is how to
work through the answer. Please show work.
Suppose that nominal GDP increases by 6 percent in a year when real GDP increases by 3 percent. This means that the inflation rate, as measured by the percentage change in the GDP deflator, is approximately percent in that year. × 0.5 ×2
i need help explaining how to do it.
The correct answer is: 33.3 percent 14 Exhibit 11-6 Use the table below to answer the following question(s). ats out Nominal GDP GDP Year (billions) deflator Year 1 600 100.0 Year 2 1,000 133.3 Refer to Exhibit 11-6. Measured in terms of Year 1 prices, real GDP in Year 2 was Select one: a. 1,333 b. 900. C. 750. Correct Cd. 600 The correct answer is: 750.
hi please help me find the correct answer to interest expense.
-15600 or (15600) was the wrong answer
Stanley and Jones Lawn Service Company (S&J) maintains its books on a cash basis. However, the company recently borrowed $260,000 from a local bank, and the bank requires S&J to provide annual financial statements prepared on an accrual basis. During 2021, the following cash flows were recorded: $480,000 Cash collected for: Services to customers Cash paid for Salaries Supplies Rent Insurance Miscellaneous...
please help.
OR Answer only ONE of the choices. Your peers also need to participate. You may politely correct anyone else's answer. Is the statement true or false? Give an explanation for your answer. 1) Ka and pH are the same things. 2) pH can change with temperature 3) an acidic buffer is made from a weak acid and weak base; 4) use the indicator table to see which indicator you will use for a titration of CH3COOH and NaOH;...
Need help in few areas in red.
Your answer is partially correct. Try again. Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2020 sales forecast is as follows. Quarter HD-240 5,100 7,500 8,400 10,240 The January 1, 2020, inventory of HD-240 is 2,040 units. Management desires an ending inventory each quarter equal to 40% of the next quarter's sales. Sales in the first quarter of 2021 are expected to be 25% higher than sales in the same...
Need help with PART 3!!!!
Sherrod, Inc., reported pretax accounting income of $88 million for 2021. The following information relates to differences between pretax accounting income and taxable income: a. Income from installment sales of properties included in pretax accounting income in 2021 exceeded that reported for tax purposes by $7 million. The installment receivable account at year-end 2021 had a balance of $8 million (representing portions of 2020 and 2021 installment sales), expected to be collected equally in 2022...
Need some help with this. don't think this is correct. Need
someone to provide correct answer alongside explanation:
Below selected information for Flint Corporation for December 31. All purchases were paid for by cash. Land was sold for cash at a loss of $4,600. Equipment with a cost of $50,000 and accumulated depreciation of $40,000 was sold for cash at a gain of $2,800. No other transactions occurred. 2018 2017 Land $105,000 $250,000 Buildings 160,000 80,000 Accumulated Depreciation Buildings 49,100...
need help
Question 9 (1 point) Use the figure below to answer the following questions. Price level (GDP dellotor, 2007- 100 LAS 110 SAS 100 320 360 400 440 480 520 Real GDP billions of 2007 dollars) Figure 10.3.1 Refer to Figure 10.3.1. As the economy automatically adjusts to long-run equilibrium, the A) SAS curve shifts leftward. O B) AD curve shifts rightward. OC) AD curve shifts leftward. OD SAS curve shifts rightward. O E ) LAS curve shifts leftward....
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