The gross domestic product (GDP) of the United States is defined as the _ all _ _ in a given period of time.
Based on this definition, indicate which of the following transactions will be included in (that is, directly increase) the GDP of the United States in 2017.
2017 GDP
Scenario Included Excluded
Zippycar, a U.S. automobile company, produces a convertible at a manufacturing plant in Minneapolis on January 9, 2017. It sells the car at a dealership in Chicago on February 2, 2017.
Treetopplers, a U.S. lumber company, produces wood at a plant in Oregon on September 19, 2017. It sells the wood to Buildit and Partners, a developer for use in the production of a new house that will be built in the United States in 2017. (Note: Focus exclusively on whether production of the wood increases GDP directly, and ignore the effect of production of the new house on GDP.)
Fastlane, a Japanese automobile company, produces a sedan at a plant in Indiana on December 12, 2017. A family buys the sedan on December 24.
An accountant starts a client's 2017 tax return on April 14, 2018, finishing it just before midnight on April 15, 2018.
Roadway Motors, a U.S. automobile company, produces a convertible at a plant in Germany on March 17, 2017. Roadway Motors imports the convertible into the United States on May 21, 2017.

If Wolfgang Kitchens has always used the FIFO inventory costing method for both financial reporting and tax purposes. the journal entry at the beginning of 2024to record the change in accounting principle is: Debit, Retained earnings  $30 million, Credit Inventory $30 million.

If  cost of goods sold increase by $7 million that year in which the  cumulative net income for all years have been lower by  the amount of $23 million , The appropriate journal entry to record the transaction is :

Wolfgang Kitchens Journal entry

Debit Retained earnings  $30 million

Credit Inventory $30 million

($23 million + $7 million)

( To record the change in accounting principle)

Therefore the journal entry is Debit Retained earnings  $30 million, Credit Inventory $30 million.

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The complete question is:

Wolfgang Kitchens has always used the FIFO inventory costing method for both financial reporting and tax purposes. At the beginning of 2024, Wolfgang decided to change to the LIFO method. Net income in 2024 was correctly stated as $90 million. If the company had used LIFO in 2023, its cost of goods sold would have been higher by $7 million that year. Company accountants are able to determine that the cumulative net income for all years prior to 2023 would have been lower by $23 million if LIFO had been used all along, but have insufficient information to determine specific effects of using LIFO in 2022. Last year, Wolfgang reported the following net income amounts in its comparative income statements:

($ in millions) 2021 2022 2023

Net income $90 $92 $94

Prepare the journal entry at the beginning of 2024to record the change in accounting principle. (Ignore income taxes.)

Answer: serve international markets from locations as close as possible to local consumers and preferences

Explanation:

High local responsiveness pressures means that some or most of the countries that the MNE is involved in has tastes and preferences that differ from each other. There is therefore a need to customize products to suit these preferences.

This is why the MNE would have to serve its international markets from locations that are as close as possible to local consumers so that they may be able to customize their products as required for that specific market.

Answer:

Complex adaptive systems

Explanation:

The complex adaptive system is a system in which it challenges the assumption related to cause and effect relationship rather than of healthcare and other type of system considered to be a dynamic process

In the case when the organization continue to create and adapt the environment like as a living organism so the change model is complex adaptive system

Firms in resource markets, depicted in the circular flow diagram, receive b. factors of production.

Whereas, in the product market, firms receive revenue in exchange for their goods and services.

A resource market provides the opportunity for a business to purchase resources for the production of goods and services. Resource markets are not the product or financial markets.  In product markets, businesses trade finished goods and services in exchange for revenue.  In financial markets, businesses and individuals trade financial assets.

Thus, in the circular flow diagram, which depicts the continuous flow of resources and funds among individuals, firms, product markets, and resource markets, firms receive factors of production.

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The quadratic equation of the graph in standard form is y = x² + 2x - 8

A quadratic equation in standard form is given by y = ax² + bx + c

Given the graph below, to write the quadratic equation for the graph in s tandard form, we notice that the graph has two x - intercepts at

The x - intercepts are the roots of the quadratic equation.

So, we have that

So,

So, the factors of the quadratic equation are

So, multiplying the factors, we have that the equation is

y = (x + 4)(x - 2)

= x² - 2x + 4x + 4 × (-2)

= x² - 2x + 4x - 8

= x² + 2x - 8

So, the quadratic equation is y = x² + 2x - 8

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Explanation:

A mixed economic system is a system that combines aspects of both capitalism and socialism. A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims.

The Answer NOT a component of the free enterprise system the right to choose.

The majority of free enterprise systems are made up of four elements: governments, markets, firms, and households. Households, not the government, own the majority of the nation's economic resources and make decisions about how to employ them in a free enterprise system. Economic resources are gathered by businesses to produce a good or service.

The right to private property, competition, profit as an incentive, and consumer sovereignty are the five guiding principles of the U.S. economic system of free enterprise.

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Answer:

B. savings bank

Explanation:

Savings bank is defined as a bank which helps customers or people to invest or deposit in interest giving accounts that will give a long term investment.

Savings bank were started in Europe in the 19th century. Saving banks gives interest on the deposit amount that is why its is a for-profit institution for general public. The interest saving banks give by investing in government and corporate debt.

Hence, the correct answer is "B. savings bank".

Options 1, 2, and 4 are the reasons for the demand curve sloping downward.

The substitution effect: When the price of a good or service increases, consumers may switch to a substitute product that is less expensive. This creates a negative relationship between price and quantity demanded.

The income effect: When the price of a good or service increases, consumers may not be able to afford as much of the good as they previously could. This creates a negative relationship between price and quantity demanded.

Diminishing marginal utility: As consumers consume more of a good or service, the additional satisfaction they get from each unit of the good or service decreases. This creates a negative relationship between price and quantity demanded.

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When companies compete in a market economy, consumers are able to buy goods for the best available price.

Market economy is a system of economy where supply and demand are involved in directing production.

These production includes goods and services and it is controlled by a central authority such as government agency.

Therefore, when companies compete in a market economy, consumers are able to buy goods for the best available price.

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False. Identification, anticipation, and satisfaction of client requirements and wants through the development, advertising, and distribution of goods and services is referred to as marketing.

The process of recognising, predicting, and satiating client requirements and wants via the development, promotion, and distribution of a good or service is referred to as marketing. It encompasses a broad variety of tasks, including advertising, sales, and customer support in addition to market research and product creation. While professionally crafted studies may be used in marketing research to learn more about customers and their demands, this is only one part of the marketing process. Marketing describes the actions a business does to encourage the purchase or sale of a good or service. Advertising, selling, and delivering goods to customers or other firms are all included in marketing. Affiliates perform some marketing on behalf of a business.

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Answer:

i got bcde

Explanation:

abce

Explanation:

Describing Skills for General and Operations Managers

Answer:

By learning a foreign language, you can understand ideas and thoughts that may be different from your own culture. You can learn customs and how people interact in a given society. Language helps preserve cultures, but it also allows us to learn about others and spread ideas quickly. Language Is Important To Business

Language Is Important To Culture And Society Language helps us express our feelings and thoughts — this is unique to our species because it is a way to express unique ideas and customs within different cultures and societies. By learning a foreign language, you can understand ideas and thoughts that may be different from your own culture.

It is also an inseparable part of our culture. Why is language important to culture? While there is still some debate whether the particular language influences people’s thought process or it is indeed people’s culture that influences the language, there is no doubt that language and culture are closely connected.

Language changes often represent a culture’s changing values. Language and culture are inextricably related. And you can’t learn one without first knowing the other. Language is related to all features of human life in society. And comprehension of the surrounding culture is key to learning a language.

Explanation:

You can comprehend concepts and thoughts that may differ from those in your own society by studying a foreign language. You can discover the traditions and social dynamics of a certain society. Language not only enables us to learn about others and share ideas swiftly, but it also aids in the preservation of civilizations. The importance of language in business

Language is a set of common spoken, manual (signed), or written symbols that people use to communicate as members of a social group and members of that group's culture. When people in a particular country or region talk or write, they use a particular set of sounds and written symbols, which together make up their language.

The Value of Language in Culture and Society Our ability to express ourselves through language is unique to our species because it allows us to communicate the distinctive concepts and practices that exist across various civilizations and societies. You can comprehend concepts and thoughts that may differ from those in your own society by studying a foreign language.

Therefore, In addition to helping us share ideas and learn about others, language also

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Instead of saying "come in premo," people should say "let's get started!" or "let's begin!"

Generally, An article is a piece of writing that typically appears in a newspaper, magazine, or online publication.

Articles can be informative, argumentative, or persuasive and cover a wide range of topics from current events, politics, and sports, to lifestyle, culture, and travel.

An article is a written piece of content that is published in a newspaper, magazine, website, or other medium.

Articles can be informational, argumentative, opinion-based, or narrative. They can be short or long, and they can cover a wide range of topics. Articles often include a headline, introduction, body, and conclusion.

The headline and introduction are intended to draw readers in, while the body and conclusion provide more information and support for the main point of the article. Articles typically provide readers with a new perspective on a topic or issue, and can be used to support an argument, provide evidence, or offer information.

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Answer:

DIRECTV:

($30)(6) + ($75)(18) = $1530

Current:

($50)(24) + $1200

Do not switch providers.

Explanation:

You should not switch providers because, in the long run, you will be paying less money with your current provider than with DIRECTV. Emotionally, you may want to purchase DIRECTV's contract because of the drawing; however, there is a low probability that you would actually be chosen, so it is not worth the increase in payments.

Answer:

the present value formula that I will use is the following:

present value = future value / (1 + interest rate)ⁿ

in the first case, the present value of $2,000 in 1 year is:

PV = $2,000 / (1 + 10%) = $2,000 / 1.1 = $1,818.18

in the second case, the present value of $1,500 in 3 years is:

PV = $1,500 / (1 + 10%)³ = $1,500 / 1.331 = $1,126.97

Answer:

true

Explanation:

it is true about the number of percentage

Answer:

Post Test: Government

Economics

Question #5

Based on the graph, how many people are willing to work when the government of a country raises the minimum wage from $17 to $25?

Answers:

A. 9

B. 12

C. 16

D. 19

E. 28

__________________________________________________________

The 100% correct answer is:

E. 28

Explanation:

I took the test and this is 100% it

Hope this helped

The factor that determines whether a metamorphic rock is foliated or non - foliated, is A. the presence or absence of mineral crystals.

The majority of the time, foliated rocks have aligned grains of flat minerals like chlorite. When the mineral grains are not arranged in planes or bands, as they are in foliated rocks, the rocks are said to be non-foliated.

Minerals that are platy or elongate and oriented in roughly parallel planes, wavy bands, or both are found in foliated rocks. Nonfoliated rocks may have colored bands that reflect minute impurities, but the primary minerals do not exhibit any obvious alignment.

Therefore, we can tell foliated and non - foliated metamorphic rocks apart, based on the presence of mineral crystals, or the lack thereof.

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Answer:

Quantitative approach of Management refers to a managerial technique that relied on rigid calculations (such as statistics or computer simulations) in order to improve the decision making.

Here are the advantages:

- The decision making process occurred a lot quicker since the managers can relied on computers to analyze all the relevant factors

- Cost benefit analysis can be more accurate since it completely disregard the personal biases of the manager.

- Results between each decisions implementation can be measures easily since it's displayed on numerical value.

Woolworths introduced The Good Business Journey in 2007 as a long-term initiative as part of their corporate social investment (CSI) plan. My Village My School Woolworths' educational program, etc.

Woolworths is also funding a trial program for nutrition and a WASH (water, sanitation, and hygiene) program.

The program trains community members who volunteer to handle food in the safe and hygienic preparation of nutritious lunches for kids.

According to Schreuder, Woolworths has been successful in providing high-quality goods, convenience, and quick service while rapidly growing, including a growing presence in gas station forecourts.

This demonstrates that, when given the option, people are willing to pay extra for high-quality goods.

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Answer:

Johari window

Explanation:

Psychology can be defined as the scientific study of both the consciousness and unconsciousness of the human mind such as feelings, emotions and thoughts, so as to understand how it functions and affect human behaviors in contextual terms.

This ultimately implies that, psychology focuses on studying behaviors and the mind that controls it.

The Johari window is a model that was developed in 1955 by Joseph Luft (1916 - 2014) and Harry Ingham (1916 - 1995), two American psychologists.

The name "Johari" was coined by joining the first names of the two American psychologists i.e JOseph and HARry.

Basically, this model was created by the duos to illustrate the process of giving feedback in team development. It enhances the perception of a member of a team on the other team members. Thus, an individual can reveal himself or herself to gain trust from others and then use the feedback to evaluate himself or herself.

In the Johari window model, each individual is represented by four (4) window pane or quadrant depicting feelings, personal information, motivation and known or unknown informations.

A service industry can provide the followings, except road construction.The service industry plays a vital role in the economy and society by offering a wide range of services that meet the needs and wants of consumers(Option A).

A service industry is a type of business that provides services rather than tangible products to customers. Examples of service industries include healthcare, education, hospitality, transportation, and professional services such as accounting and consulting.
Among the options given, the service industry cannot provide road construction. Road construction is typically done by government agencies or private construction companies that specialize in infrastructure development.
On the other hand, recreation, laundry, and hotel services are all common offerings of the service industry. Recreation includes activities such as sports, entertainment, and tourism. Laundry services involve the cleaning and pressing of clothing and linens, and hotels provide accommodations for travelers. By providing quality services, service providers can build strong relationships with their customers and gain a competitive edge in the market.

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Answer:

(a) FIFO

Cost of Goods Sold  = $6,800

Ending Inventory  = $12,230

(b) LIFO

Cost of Goods Sold  = $7,400

Ending Inventory  = $11,630

(c) weighted average cost

Cost of Goods Sold  = $7,040

Ending Inventory  = $11,990

Explanation:

Perpetual inventory method ensures that cost of sales and inventory value is determined after each and every transaction.

FIFO

This method assumes that the units to arrive first, will be sold first. This means the cost of sales is based on the earlier (old) prices and inventory valuation is based on recent (later) prices.

Cost of Goods Sold = 400 x $7 + 400 x $10 = $6,800

Ending Inventory = 200 x $10 + 930 x $11 = $12,230

LIFO

This method assumes that the units to arrive last , will be sold first. This means the cost of sales is based on the recent (later) prices  and inventory valuation is based on earlier (old) prices.

Cost of Goods Sold = 600 x $10 + 200 x $7 = $7,400

Ending Inventory = 200 x $7 + 930 x $11 = $11,630

Weighted Average Cost Method

A new unit cost is calculated with each and every purchase made. This new unit cost is then used to determine the cost of goods sold and the value of inventory.

New Unit Cost - 8 jan = (400 x $7 + 600 x $10) ÷ 1,000 = $8.80

New Unit Cost - 29 jan = (200x $8.80 + 930 x $11) ÷ 1,130 = $10.61

therefore,

Cost of Goods Sold = 800 x $8.80 = $7,040

Ending Inventory = 1,130 x $10.61 = $11,990

Answer:

Unemployment results in a waste of economic resources such as the productive labor force and thereby affect the long run growth potential of the economy.

Answer:

The number of enrolment and the calculated the percentage value of the number of enrolment of the different study major in 2018 and 2019 are given below:

Study Major                            2018    2019        2018 (%)  2019 (%)

Statistics                              1,700     2,250              23%    25%

Business Law                        700        900              10%     10%

Accounting                          1,300      1,450              18%    16%

Economics                             750      1,000               10%     11%

Finance                               1,450       1,758              20%    20%

Marketing Management    1,069       1,189                15%     13%

Auditing                                 360         351                 5%      4%

Total                                    7,329      8,898           100%    100%

Explanation:

Note: See the attached excel file for the two bar charts.

Answer:

marketing plan is defined as a comprehensive document or blueprint that outlines the advertising and marketing efforts for the coming year. It describes business activities involved in accomplishing specific marketing objectives within a set time frame. A marketing plan also includes a description of the current marketing position of a business, a discussion of the target market and a description of the marketing mix that a business will use to achieve their marketing goals.

Answer:    C. The amount of money a company makes from sales.

Explanation:  

This is revenue by definition.

Answer:

Explanation:

Answer: There can be several objectives some of which are explained below :-

Explanation:

1. Sharing of information in an effective and efficient manner in both inside and outside the organisation.

2. The technology to be used should be easy to understand and user friendly so that all related parties can use it as per their requirements without any hurdle.

3. Making a team of technical professionals to ensure resolving any technical issue that could arise in future.

4. Developing strategy to train and inform all the related parties affected by the implementation of this system.