Gross Domestic Product (GDP) measures the total value of all the imports and exports of a nation on a quarterly basis.
Answer the following statement true (T) or false (F)
False
GDP measures the total value of all final goods and services produced within a nation's physical boundaries over a given period of time. All domestic production is included in the GDP, even when the producer is foreign-owned. See 2-6: Evaluating Economic Performance: What's Working?
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Ponzi Corporation Ponzi Corporation reported the following information for the year ended December 31, 2012. Net income $100,000 Dividends 6,000 Retained earnings at December 31, 2012 $120,000 Refer to the information provided above for Ponzi Corporation. What was the balance of retained earnings at January 1, 2012?
A) $ 21,000 B) $ 26,000 C) $106,000 D) $214,000
Parallel structure is essential in report headings, but less important on bulleted lists on presentation slides
Indicate whether the statement is true or false
Article 2 of the UCC does not apply to real estate, because real estate is not a tangible, moveable
good. Indicate whether the statement is true or false
Exhibit Palmer Pens Assume that Palmer Executive Pens uses 1,440,000 gallons of ink each year. Further, assume that Palmer can order the ink at a cost of $2 per gallon plus fixed ordering costs of $100 per order. The firm's carrying cost is 20 percent of the inventory value, at cost. Refer to Exhibit Palmer Pens. Now, suppose the manufacturer offers a discount of 0.5 percent for orders of a least 40,000 gallons. Should Palmer increase its ordering quantity to take the discount?
A. Yes; it will save $827 if it takes the discount. B. No; it will lose $827 if it takes the discount. C. Yes; it will save $14,400 if it takes the discount. D. Yes; it will save $13,573 if it takes the discount. E. No; it will lose $13,573 if it takes the discount.