Answer:
The growth rate of the U.S economy in 2011 was 5.65%
Explanation:
This is a simple calculation
We use this formula to calculate percent changes from one period to another:
% change = 
We have that the GDP for 2010 was $11,150 billion and the GDP in 2011 was $11,780 billions we then apply the formula:
% change = 
% change = 
This means that the growth rate of the U.S economy in 2011 was 5.65%
Answer:
1. Historical cost VIOLATION
2. Disclosure principle VIOLATION
3. Matching VIOLATION
4. Historical cost VIOLATION
5. Matching VIOLATION
6. Matching principle VIOLATION
Explanation:
1 &4. Note here that standard accounting procedures mandates that transactions should be recorded precisely in their historical context with no such adjustments.
2. This is a disclosure violation probably done by the company to reduce taxes on its assets which is prohibited by accounting law.
3 &5 & 6. Both transactions represents a matching violation in which transactions are mismatched or adjusted deliberately leading to inaccurate financial account status.
Answer: Captive product pricing
Explanation: Captive product pricing refers to the strategy under which the company offers lower prices for the main product but earns revenue by charging higher for the captive products that are essential for the use of the main product.
In the given case, Hewlett packard are charging low for their printers but the prices of cartidges are high.
Hence from the above we can conclude that the above example depicts captive product pricing.
Answer:
The correct answer is option 4.
Explanation:
Rhonda has agreed to invest $16,000 in a partnership with her sister and brother-in-law. she does not plan to work in partnership or invest any of her wealth other than $16,00. But she intends on sharing profits. This implies that Rhonda is a limited partner in the business.
A limited partner is a partial owner of a business. His/her liability to the business's debts is limited to the extent of the amount he/she has invested in the business. Such partners are often called silent partners as they don't have any involvement in the day to day operations.
