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Expenditure categories
Million in Birr
1
Personal Consumption Expenditure(C)
4500
2
Gross private domestic investment (I)
850
3
Gov. purchasing of goods and services (G)
1250
4
Export(X)
750
5
Import(M)
1000
6
Net Factor Income received from abroad (NFIRA)
950
7
Net Factor Income paid from abroad (NFIPA)
1050
8
Indirect Business tax (IBT)
450
9
Depreciation(D)
525
Based on Above Information calculate
A, Gross Domestic Product
B, Gross National product
C, Net National Income
D, National Income
E, Trade Balance
Expenditure categories
Million in Birr
Personal Consumption Expenditure(C)
4500
Gross private domestic investment (I)
850
Gov. purchasing of goods and services (G)
1250
Export(X)
750
Import(M)
1000
Net Factor Income received from abroad (NFIRA)
950
Net Factor Income paid from abroad (NFIPA)
1050
Indirect Business tax (IBT)
450
Depreciation(D)
525
The price elasticity for rice is estimated to be -0.4 and the income elasticity is 0.8. At a price of $0.40 per pound and a per capita income of $20,000, the demand for rice is 50 million tons per year.
a) if the price of rice increases to $0.41 per pound and income per capita remains at $20,000, what will be the quantity demanded?
Based on Above Information calculate
A, Gross Domestic Product
B, Gross National product
C, Net National Income
D, National Income
E, Trade Balance
Due to substantial increases in prices in Country A, the real income level of the population in Country A decreases. Show on a diagram how the decrease in the income level in Country A will affect the demand for meat, which is a normal good. Also indicate how the equilibrium price and equilibrium quantity of meat will change in Country A. The direction of any changes should be clearly indicated using arrows.
Based on Above Information calculate
A, Gross Domestic Product
B, Gross National product
C, Net National Income
D, National Income
E, Trade Balance
Based on Above Information calculate
A, Gross Domestic Product
B, Gross National product
C, Net National Income
D, National Income
E, Trade Balance
Brown Consulting Services organized as a corporation on January 18 and engaged in the following transactions during
its first two weeks of operation:
Jan. 18 Issued capital stock in exchange for $30,000 cash.
Jan. 22 Borrowed $20,000 from its bank by issuing a note payable.
Jan. 23 Paid $100 for a radio advertisement aired on January 24.
Jan. 25 Provided $1,000 of services to clients for cash.
Jan. 26 Provided $2,000 of services to clients on account.
Jan. 31 Collected $800 cash from clients for the services provided on January 26.
a. Record each of these transactions.
b. Determine the balance in the Cash account on January 31. Be certain to state whether the balance is debit or credit
After the tangible assets have been adjusted to fair values, the capital accounts of Rey Refozar and Rogelio Ceradoy have balances of P75,000 and P125,000, respectively. Elmer Dimayuga is to be admitted to the partnership, contributing P50,000 cash to the partnership, for which he is to receive equity of P65,000. All partners share equally in profit.
Required:
1. Prepare the journal entry to record the admission of Dimayuga who is to receive a bonus of P15, 000.
2. Calculated the capital balance of each partner after the admission of the new partner.
The capital accounts of Loida Cardenas and Christian San Jose have balances of P150,000 and P110,000, respectively. Daria Labalan and Helen Magada are to be admitted to the partnership. Labalan buys one-fifth of Cardenas'interest for P35,000 and one-fourth of San Jose's interest for P25,000. Magada contributes P70,000 cash to the partnership, for which she is to receive ownership equity of P70,000.
Required:
1. Journalize the entries to record the admission of Labalan and Magada.
2. What are the capital balances of each partner after the admission of the new partners?
