The u. s. government pays an economist at the u. s. department of commerce $50,000 in salary in 2006. the economist then retires. in 2007, the government pays him $30,000 in retirement benefits. which of the following is correct?

a.
the 2006 payment is included in 2006 gdp as government purchases, and the 2007 payment is included in 2007 gdp as government purchases.

b.
the 2006 payment is included in 2006 gdp as government purchases, and the 2007 payment is included in 2007 gdp as government transfer payments.

c.
the 2006 payment is included in 2006 gdp as government purchases, and the 2007 payment is allocated to previous years' gdp according to the amount of work performed by the economist each year.

d.
the 2006 payment is included in 2006 gdp as government purchases, but the 2007 payment is not included in 2007 gdp.

Wang distributors has an annual demand for an airport metal detector of 1 comma 350 units. the cost of a typical detector to wang is $400. carrying cost is estimated to be 19% of the unit cost, and the ordering cost is $24 per order. if ping wang, the owner, orders in quantities of 300 or more, he can get a 10% discount on the cost of the detectors. should wang take the quantity discount? \

Prepare the operating activities section—indirect method.(lo 4), apthe income statement of paxson company is presented here.paxson companyincome statementfor the year ended november 30, 2014sales revenue $7,600,000cost of goods sold beginning inventory$1,900,000 purchases4,400,000goods available for sale6,300,000 ending inventory1,600,000total cost of goods sold 4,700,000gross profit 2,900,000operating expenses selling expenses450,000 administrative expenses700,0001,150,000net income $1,750,000additional information: prepare the operating activities section—indirect 1. accounts receivable decreased $380,000 during the year, and inventory decreased $300,000.2. prepaid expenses increased $150,000 during the year.3. accounts payable to suppliers of merchandise decreased $350,000 during the year.4. accrued expenses payable decreased $100,000 during the year.5. administrative expenses include depreciation expense of $110,000.instructionsprepare the operating activities section of the statement of cash flows for the year ended november 30, 2014, for paxson company, using the indirect method.net cash provided $1,940,000

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