Answer:
Responsibility matrix
Explanation:
The responsibility matrix deals with the various kind of the responsibilities that specified the task that should be achieved and the type of responsibility that each one of them is responsible for their work
It is also known as the linear responsibility chart
Therefore the responsibility matrix is the answer and the same is to be considered
Rent expense in Volusia Company's 2016 income statement is $420,000. If Prepaid Rent was $70,000 at December 31, 2015, and is $95,000 at December 31, 2016, the cash paid for rent during 2016 is:_________
Answer:
$445,000
Explanation:
The rent in Volusian company income statement for 2016 is $420,000
The prepaid rent is $70,000 at December 31 2015 and $95,000 at December 31 2016
Therefore the cash paid for rent in 2016 can be calculated as follows
= $420,000+($95,000-$70,000)
= $420,000 + $25,000
= $445,000
Write 5 reasons why finding money to pay for college is important for you and your future.
1. Just in case your parents don't have enough money getting a job can help you pay for your collage yourself
2. When finding money after you are done you don't have to pay any student loans
3. Finding money can help you for your future cause if u pay for you collage you will have no stress and have extra money to buy important values
4. Finding money can help you get in a really good collage if u have enough
5. it makes you more determined and make you feel better about yourself
Not the best but here is a try
Henri earned a salary of $50,000 in 2001 and $70,000 in 2006. The consumer price index was 177 in 2001 and 265.5 in 2006. Henri's 2006 salary in 2001 dollars is:_______.a. $105,000.00. b. $46,666.67. c. $35,000.00. d. $61,950.00
Answer: $46666.67
Explanation:
From the question, we are informed that Henri earned a salary of $50,000 in 2001 and $70,000 in 2006 and that the consumer price index was 177 in 2001 and 265.5 in 2006.
For us to calculate Henri's 2006 salary in 2001 dollars, we have to multiply Henri's 2001 real salary by the price in 2001. This will be:
= (70000/265.5) × 177
= $46666.67
You have $135,000 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $49,000.
Required:
a. Does this create a disbursement float or a collection float?
b. What is your available balance?
c. What is your book balance?
Answer:
a. Does this create a disbursement float or a collection float?
A disbursement float occurs when you write a check and hand it out, but the person that receives the check hasn't cashed it yet. You do not owe the money anymore, but it still appears on your bank account.
b. What is your available balance?
your bank account balance = $135,000
c. What is your book balance?
book balance = $135,000 - $49,000 = $86,000
Why should the people on the RA team be different from the people responsible for correcting deficiencies?a. to avoid potential losses.
b. to increase profitability.
c. to avoid conflicts of interest.
d. to increase survivability.
Answer:
The correct answer is the option C: To avoid conflicts of interest.
Explanation:
To begin with, the term of risk assesstment refers to the process of identifying and analyzing possible future threats that may cause harm to the individuals or the assets of the company and from there on to evalute possible solutions to those situation that the company does not want to. Moreover, the risk manager is the one who should take care of those aspects and therefore that an RA team is the one that is being under his commands and should focus on the fact of identifying and analyzing the problems as well as evaluating instead of correcting some of those deficiencies and therefore that they need to have a different mind in the theme because they need to avoid conflicts of interest with the other team that is responsible from correcting.
What are some types of performance that a manaer would have to control for a home health care agency? A. A health insurance companyB. A primary care clinicC. An outpatient surgery facilityD. A mental health counseling center E. A medical supply store
Answer:
A. A health insurance company
B. A primary care clinic
E. A medical supply store
Explanation:
Management control can be defined as how the role of various individuals and groups within an organization are being monitored, controlled, and regulated to perform specific actions and avoid other non-essential activities to accomplish the organization's goals.
For a health care agency, some types of performance the manager would have to control for a home health care agency are:
A health insurance company:
Their role is to ensure that high health care cost is made affordable to individuals.
They must also ensure that a top-notch health service is being provided to the patients.
A primary care clinic:
They are responsible for the prevention of disease outbreaks and counseling their clients about how to take good care of their health conditions.
A medical supply store:
They serve as an inventory supply unit that are liable for the distribution of medical supplies to the individuals.
Many restaurants and food companies, such as Frito-Lay have made many of their products free of trans fat by changing cooking methods and oils used. Is it the responsibility of commercial industries to alter their product to keep us healthier or should we be more alert as consumers
Explanation:
It is essential that consumers are aware when choosing the companies they will consume, in relation to the food industries, it is necessary to be aware of how the food is prepared and if the ingredients will be good for our health.
In this case, the responsibility lies with the consumer, but companies follow consumer trends and consumer preferences, so it can be said that Frito-Lay has made its products healthier due to a new behavior by consumers, who are more willing to consume healthy products that generate health and well-being, then the company adapted to the market to remain competitive and profitable.
Barney, a manager, is very conventional, resistant to change, habitual, and does not accept new ideas very easily.This implies that Barney has:________.
A) low neuroticism.
B) low customary thinking.
C) high extraversion.
D) high agreeableness.
E) low openness to experience.
Answer:
A
Explanation:
Spiro Corp. uses the sum-of-the-years' digits method to depreciate equipment purchased in January year 1 for $20,000. The estimated salvage value of the equipment is $2,000 and the estimated useful life is four years. What should Spiro report as the asset's carrying amount as of December 31, year 3
Answer:
Carrying value on Dec 31, Year 3= $3,800
Explanation:
Depreciable amount = Cost - Salvage Value
Depreciable amount = 20,000-2,000
Depreciable amount = $18,000
Sum of years’ digits = 1+2+3+4 = 10
Depreciation for Year 1 = 18,000*4/10 = 7,200
Depreciation for Year 2 = 18,000*3/10 = $5,400
Depreciation for Year 3 = 18,000*2/10 = $3,600
Carrying value on Dec 31, Year 3 = Purchase cost - Depreciation
Carrying value on Dec 31, Year 3 = $20,000 - $7,200 - $5,400 - $3,600
Carrying value on Dec 31, Year 3= $3,800
Suppose that the value of an investment in the stock market has increased at an average compound rate of about 5% since 1909. It is now 2016.
Required:
a. If someone invested $1,000 in 1909, how much would that investment be worth today?
b. If an investment from 1903 has grown to $1 million, how much was invested in 1903?
c.
Answer:
a. If someone invested $1,000 in 1909, the investment's worth today is $185,035.48
b. If an investment from 1903 has grown to $1 million, the amount invested in 1903 is $4,032.82
Explanation:
a) FV (Future Value) $185,035.48
PV (Present Value) $1,000.00
N (Number of Periods) 107.000
I/Y (Interest Rate) 5.000%
PMT (Periodic Payment) $0.00
Starting Investment $1,000.00
Total Principal $1,000.00
Total Interest $184,035.48
b) You will need to invest $4,032.82 at the beginning to reach the future value of $1,000,000.00.
FV (Future Value) $999,999.00
PV (Present Value) $4,032.82
N (Number of Periods) 113.000
I/Y (Interest Rate) 5.000%
PMT (Periodic Payment) $0.00
Starting Investment $4,032.82
Total Principal $4,032.82
Total Interest $995,966.1
Schedule of cash payments for a service company Horizon Financial Inc. was organized on February 28. Projected selling and administrative expenses for each of the first three months of operations are as follows:
March $160,800
April 152,800
May 139,000
Depreciation, insurance, and property taxes represent $35,000 of the estimated monthly expenses. The annual insurance premium was paid on February 28, and property taxes for the year will be paid in June. 73% of the remainder of the expenses are expected to be paid in the month in which they are incurred, with the balance to be paid in the following month.
Prepare a schedule of cash payments for selling and administrative expenses for March, April, and May.
Answer:
Total Cash Payments are as follows:
For March = $91,834
For April = $119,960
For May = $107,726
Explanation:
Note: See the attached Excel file for the schedule of cash payments
The expenses paid in each month are estimated as follows:
a. March Expenses
Paid in March = (Total projected selling and administrative expenses for March - Depreciation, insurance, and property taxes for March) * Percentage of reminder paid = ($160,800 - $35,000) * 73% = $91,834
Paid in April = (Total projected selling and administrative expenses for March - Depreciation, insurance, and property taxes for March) * Percentage of balance paid = ($160,800 - $35,000) * (100% - 73%) = $33,966
b. April Expenses
Paid in April = (Total projected selling and administrative expenses for April - Depreciation, insurance, and property taxes for April) * Percentage of reminder paid = ($152,800 - $35,000) * 73% = $85,994
Paid in May = (Total projected selling and administrative expenses for April - Depreciation, insurance, and property taxes for April) * Percentage of balance paid = ($152,800 - $35,000) * (100% - 73%) = $31,806
c. May Expenses
Paid in May = (Total projected selling and administrative expenses for May - Depreciation, insurance, and property taxes for May) * Percentage of reminder paid = ($139,000 - $35,000) * 73% = $75,920
An optimal procedure for organizations to accept projects is to specify a return on investment (ROI) and fund only projects that meet this criterion. A. True B. False
Answer:
False
Explanation:
Capital budgeting is needed in any project work as it entails the process and procedures taken in evaluation and selection of long-term investments that are consistent with the firm's goal of maximizing owner's wealth.
Normally, before a company invest or undergo any project, background work is done to know if the project will yet profit or no, feasibility study is carried out and things are put in place. If it is favourable for the firm and profit is high, firms may choose to invest after weighing the pros and cons (advantage and disadvantage) of the project before investment. So return of investment initial investment is not really considered when taking up a project as all project is done at their own risk.
When people have insurance against a certain event, the notion that those people are less likely to guard against that event occurring is called a _____________________ .a. riskb. hazard riskc. moral hazardd. moral risk
Answer:
C. moral hazard
Explanation:
moral hazard in can be explained as an hazard that occur when there are more exposure to hazards by entity simply because he/she doesn't responsible for the cost of the exposed risk.
It should be noted that moral hazard occur when people have insurance against a certain event, the notion that those people are less likely to guard against that event occurring .
One of the potential benefits of ____________ from the company's perspective is that customers will be buying a larger range of services or products from the company than they otherwise might have.
a. price bundling
b. prestige pricing
c. value pricing
d. odd-even pricing
e. informative pricing
Answer:
a. price bundling
Explanation:
Price bundling in business can be defined as a strategic process which typically involves the combination of several goods and services into a single unit for a relatively lower price or cost.
One of the potential benefits of price bundling from the company's perspective is that customers will be buying a larger range of services or products from the company than they otherwise might have.
An architecture firm earned earned $2320 for architecture services provided with the fee to be paid in the future. No entry was made at the time the service was provided. If the fee has not been paid by the end of the accounting period and no adjusting entry is made, this would cause:________.A) revenues to be understated B) revenues to be overstated C) liabilities to be understated. D) net income to be overstated.
Answer:
A) revenues to be understated
Explanation:
In this scenario, this would cause revenues to be understated. This is mainly because the financial report of profit would state an amount that is less than the amount that was actually earned by the Architecture Firm. This is due to the profit of $2320 that was already fully earned by the Firm not being included in the financial report, therefore missing a piece of the profits in the report (understated).
Tubaugh Corporation has two major business segments--East and West. In December, the East business segment had sales revenues of $260,000, variable expenses of $145,000, and traceable fixed expenses of $33,000. During the same month, the West business segment had sales revenues of $930,000, variable expenses of $488,000, and traceable fixed expenses of $177,000. The common fixed expenses totaled $262,000 and were allocated as follows: $131,000 to the East business segment and $131,000 to the West business segment.
The contribution margin of the West business segment is:
Answer:
=$422,000
Explanation:
As per the contribution margin concept, the contribution margin per unit is equal to the selling price per unit minus variable costs.
Therefore, the total contribution margin is the sales minus variable costs.
The contribution margin for the west will be sales($930,000) minus variable cost($488,000)
=$930 ,000 - $488,000
=$422,000
Assume that England and Spain can switch between producing cheese and producing bread at a constant Labor Hours Needed to Make 1 Unit of Number of Units Produced in 24 Hours Cheese Bread Cheese BreadEngland 2 3 12 8Spain 3 6 8 4Assume that England and Spain each has 24 labor hours available. If each country divides its time equally between the production of cheese and bread, then total production is:_________. a. 10 units of cheese and 6 units of bread. b. 25 units of cheese and 7.5 units of bread. c. 20 units of cheese and 12 units of bread. d. 12 units of cheese and 8 units of bread.
Answer:
a. 10 units of cheese and 6 units of bread.
Explanation:
Total there are 24 labor hours
So, for each there is 12 hours
Now the distribution is as follows
For england
= 12 ÷ 2 + 12 ÷ 3
= 6 units + 4 units
= 10 units
For Spain
= 12 ÷ 3 + 12 ÷ 6
= 4 units + 2 units
= 6 units
Hence, the correct option is a
And, the same is to be considered
All other options are wrong
On December 28, 2021, Tristar Communications sold 17 units of its new satellite uplink system to various customers for $25,000 each. The terms of each sale were 2/10, n/30. Tristar uses the gross method to account for sales discounts.In what year will income before tax be affected by discounts, assuming that all customers paid the net-of-discount amount on January 6, 2022. By how much in 2022ï¼ income before tax will be reduced byï¼
Answer:
Since the company records its transactions using hte gross method, any discounts will affect 2022 earnings. The journal entries to record these sales are:
December 28, 2021, 17 units sold
Dr Accounts receivable 425,000
Cr Sales revenue 425,000
January 6, 2022, invoices collected
Dr Cash 416,500
Dr Sales discounts 8,500
Cr Accounts receivable 425,000
A political leader suggesting that an economic downturn will be cushioned by nondiscretionary fiscal policy is referring to:______. A) Tax policy and spending policy B) A progressive income tax and a welfare state C) Interest rates and the money supply D) Interest rates and tax rates
Answer:
Option A is the correct approach.
Explanation:
This is indeed a connection to compulsory tax and government expense stabilizers which weren't at the discretion including its government. Throughout the event of a recession, expenses are cut, rising discretionary income to something like the extent that the economic depression is pacified. Unemployment insurance, as well as other social programs, are consequently expanded without the clear intervention of the governmentThe other options offered are also not relevant to the scenario presented. So, the solution above is the right one.
The following balances are available for Chrisman Company:
December 31, 2016 December 31, 2015
Cash $8,000 $10,000
Accounts receivable 20,000 15,000
Inventory 15,000 25,000
Prepaid rent 9,000 6,000
Land 75,000 75,000
Plant and equipment 400,000 300,000
Accumulated depreciation (65,000) (30,000)
Totals $462,000 $401,000
Accounts payable $12,000 $10,000
Income taxes payable 3,000 5,000
Short-term notes payable 35,000 25,000
Bonds payable 75,000 100,000
Common stock 200,000 150,000
Retained earnings 137,000 111,000
Totals $462,000 $401,000
Bonds were retired during 2016 at face value, plant and equipment were acquired for cash, and common stock was issued for cash. Depreciation expense for the year was $35,000. Net income was reported at $26,000.
Required:
Prepare a statement of cash flows for 2016 using the indirect method in the Operating Activities section. Use the minus sign to indicate cash payments, cash outflows, or decreases in cash.
Answer:
Chrisman Company
Statement of Cash Flows for the year ended December 31, 2016
(using the indirect method):
Operating activities:
Adjusted cash from operations $61,000
Changes in working capital:
Accounts receivable -5,000
Inventory 10,000
Prepaid rent -3,000
Accounts payable 2,000
Income taxes payable -2,000
Short-term notes payable 10,000
Net cash from operating activities 73,000
Investing activities:
Equipment -100,000
Financing activities:
Bonds -25,000
Common stock 50,000 25,000
Net cash flows -$2,000
Explanation:
a) Data and Calculations:
December 31 December 31 Changes
2016 2015
Cash $8,000 $10,000 -$2,000
Accounts receivable 20,000 15,000 5,000
Inventory 15,000 25,000 -10,000
Prepaid rent 9,000 6,000 3,000
Land 75,000 75,000 0
Plant and equipment 400,000 300,000 100,000
Accumulated depreciation (65,000) (30,000) 35,000
Totals $462,000 $401,000
Accounts payable $12,000 $10,000 $2,000
Income taxes payable 3,000 5,000 -2,000
Short-term notes payable 35,000 25,000 10,000
Bonds payable 75,000 100,000 -25,000
Common stock 200,000 150,000 50,000
Retained earnings 137,000 111,000 26,000
Totals $462,000 $401,000
b) Net income $26,000
Depreciation 35,000
Adjusted cash from operations = $61,000
c) The statement of cash flows can be prepared using either the direct method or the indirect method. The indirect method affects mainly the operating activities section and starts with the net income and adjusts it with non-cash items before considering the changes in the working capital. The statement is a financial statement that classifies the cash flows during the period into three main categories: operating, investing, and financing activities. There are also non-cash flows involving accounts that do not cause any cash flows.
Choi Home Repair needs to accumulate $22,000 in 6 years to purchase new equipment. What sinking fund payment (in $) would they need to make at the end of each three months, at 4% interest compounded quarterly?
Answer: $815.62
Explanation:
This is an annuity because it is to be a specific payment per period.
As it is in 6 years, it is a Future Value calculation.
Number of periods = 6 years * 4 quarters = 24 quarters
Interest = 4%/ 4 quarters = 1%
Future Value = Annuity * Future Value interest factor of Annuity, 24 periods, 1%
22,000 = Annuity * 26.9735
Annuity = 22,000/26.9735
Annuity = $815.62
Which of the following is a type of liability?
A. A revenue stream
B. A liquid asset
C. Accounts payable
D. Accounts receivable
Answer:
c
Explanation:
Sam is evaluating a stock that is expected to pay a $1.64 per share dividend at the end of the current year. He expects the dividend to grow by 3.8% per year and has determined that 11% is an appropriate required return for the stock. What is the highest amount he should pay for the stock?
Answer:
10,900
Explanation:
This firm is currently operating at 84 percent of capacity. All costs and net working capital vary directly with sales. The tax rate, the profit margin, and the dividend payout ratio will remain constant. How much additional debt is required if no new equity is raised and sales are projected to increase by 12 percent?
Answer:
Most of the numbers are missing, so I looked for a similar question:
The Steel Mill is currently operating at 84 percent of capacity. Annual sales are $28,400 and net income is $2,250. The firm has current liabilities of $2,700, long-term debt of $9,800, net fixed assets of $16,900, net working capital of $5,000, and owners' equity of $12,100. All costs and net working capital vary directly with sales. The tax rate and profit margin will remain constant. The dividend payout ratio is constant at 40 percent. How much additional debt is required if no new equity is raised and sales are projected to increase by 12 percent?
if the firm is operating at full capacity, then it will need to raise new debt:
EFN = (A/S) x (Δ Sales) - (L/S) x (Δ Sales) - (PM x FS x (1-d))
A/S = $24,600 / $28,400 = 0.866
ΔSales = $28,400 x 12% = $3,408
L/S = $2,700 / $28,400 = 0.095
PM = $2,250 / $28,400 = 0.079
FS = $28,400 x 1.12 = $31,808
(1 - d) = 1 - 40% = 0.6
EFN = (0.866 x $3,408) - (0.095 x $3,408) - (0.079 x $31,808 x 0.6) = $2,951.33 - $323.76 - $1,507.70 = $1,119.87
but if the firm is operating only at 84% (16% spare capacity), then it will not need to raise new debt:
EFN = (A/S) x (Δ Sales) - (L/S) x (Δ Sales) - (PM x FS x (1-d))
A/S = $7,700 / $28,400 = 0.271
since there is 16% of spare capacity, no new fixed assets will be required
ΔSales = $28,400 x 12% = $3,408
L/S = $2,700 / $28,400 = 0.095
PM = $2,250 / $28,400 = 0.079
FS = $28,400 x 1.12 = $31,808
(1 - d) = 1 - 40% = 0.6
EFN = (0.271 x $3,408) - (0.095 x $3,408) - (0.079 x $31,808 x 0.6) = $923.57 - $323.76 - $1,507.70 = -$907.89
All of the following are true regarding long-term notes payable except:
a.The note’s carrying value at any time equals its face value minus any unamortized discount or plus any unamortized premium.
b.Notes payable are usually issued by a single lender.
c.The market rate of interest at the time of issuance determines the periodic cash payment amount.
d.Over the life of the note, the interest expense allocated to each period is computed by multiplying the market rate by the beginning-of-period balance.
e.The equal total payments pattern has changing amounts of both interest and principal.
A long-term note is a promissory note that reflects a loan from a bank or other creditor, option c. is not a long-term note.
What does it mean to have a long-term note?A long-term note is a promissory note that reflects a loan from a bank or other creditor, but a bond is a more complicated financial instrument that typically entails debt to a number of creditors.
Option c. The periodic cash payment amount is determined by the market rate of interest at the time of issuance.
Learn more about long-term notes here:
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Societies choose what share of their resources to devote to consumption and what share to devote to investment. Some of these decisions involve private spending; others involve government spending.
For each form of private spending, indicate whether it represents consumption or investment.
Private Spending Consumption Investment
Laundromats buying washing machines
People buying houses
People buying newspapers
People buying food
For each form of government spending, indicate whether it represents consumption or investment.
Government Spending Consumption Investment
Payment for public safety employees
Building hospitals
Building roads
Buying military equipment
Explanation:
Note, for private spending, consumption refers to purchases usually made for present needs, while investment refers to purchases that may provide. For government spending, consumption refers to purchase made to care for the immediate welfare or needs of those governed without any monetary benefits, while investment purchases are done with the perceived future benefits in mind.
Private Spending
Laundromats buying washing machines = InvestmentPeople buying houses = InvestmentPeople buying newspapers = ConsumptionPeople buying food = ConsumptionGovernment Spending
Payment for public safety employees = InvestmentBuilding hospitals = InvestmentBuilding roads = InvestmentsBuying military equipment = InvestmentTommy, a teenage boy who earns money mowing lawns, observed that Thacker nearby property had become overgrown. Tommy decided to cut Thacker lawn for a reduced fee to encourage Thacker to become a regular customer. While mowing, Tommy saw Thacker come to the front window and wave from inside the house. Tommy returned Thacker’s wave and continued mowing. Upon completion of the job, Tommy knocked on the front door of Thacker’s home, expecting payment. Thacker refused to answer the door and shouted down from an upper story window: "I did not request you to cut my lawn and now you want me to pay you!"
1. Which might be Tommy’s best argument to collect from Thacker?
A. An implied contract was formed.
B. An express contract was formed.
C. Both A and B.
D. No contract was formed.
2. Which is an example of a situation where intent to make an offer may be lacking?
A. Personal opinion.
B. Invitation to bid.
C. Product promotion advertisement.
D. All of the above.
3. Which is an example of a material (essential) term required to be included in an enforceable contract?
A. Money/consideration to be paid.
B. Identification of the object or contract subject matter.
C. Description of parties.
D. All of the above.
4. Which is nota way that an offer can be terminated by action of the parties?
A. Offeror revokes (withdraws) offer after offeree’s acceptance.
B. Offeror performs acts inconsistent with the existence of the offer (e.g., transacts the same business with a different offeree).
C. The offeree rejects the offer.
D. The offeree counteroffers.
Answer:
1. Which might be Tommy’s best argument to collect from Thacker?
A. An implied contract was formed.
2. Which is an example of a situation where intent to make an offer may be lacking?
D. All of the above.
3. Which is an example of a material (essential) term required to be included in an enforceable contract?
D. All of the above.
4. Which is not a way that an offer can be terminated by action of the parties?
B. Offeror performs acts inconsistent with the existence of the offer (e.g., transacts the same business with a different offeree).
Explanation:
The contract existing between Tommy and Thacker can be implied or express. The legally-binding obligation that derives from the actions, conduct, or circumstances of Tommy and Thacker creates an implied contract with the same legal force as an express contract. On the other hand, an express contract is voluntarily entered into and agreed on verbally or in writing by two or more parties.
A formal document detailing the process to be followed when a firm recruits for an open position is a ________.a) recruiting guide.
b) staffing plan.
c) external recruiting analysis.
d) realistic job preview.
Answer:
a) recruiting guide.
Explanation:
Recruitment can be defined as an organizational process used by human resources managers to fill vacant positions existing within an organization through the acceptance of job applications from qualified candidates or applicants.
Generally, the main purpose and goal of a recruitment process is to give each and every candidate a fair opportunity, hearing and positive feelings about the recruiting organization.
A formal document detailing the process to be followed when a firm recruits for an open position is a recruiting guide. The recruitment guide is used as a laid down plan or guideline that typically identifies or highlights the goals, requirements and descriptions for each job position that is available within the organization.
How Many Pints of Blackberries?
The pleasure you get from each pint of freshly picked blackberries is $2.00. It takes you 12 minutes to pick the first pint, and each additional pint takes an additional 2 minutes (14 minutes for the second pint, 16 minutes for the third pint, and so on). The opportunity cost of your time is $0.10 per minute.
a. How many pints of blackberries should you pick? Illustrate with a complete graph.
Answer:
none because they could be poiseness
Explanation:
9.
How is nominal GDP converted into real GDP?
O by eliminating the effects of price increases on GDP growth
O by adding all incomes earned to total expenditures by consumers, businesses, and government
O by adding the contributions of American-owned factories in foreign countries
O by adding up all of the real purchases made in the economy
Answer:
by eliminating the effects of price increases on GDP growth
Explanation:
To correct for an increase in prices, economists establish a set of constant prices by choosing one year as a base year and using this base year to calculate real GDP for other years.