22. Consider year 1 as the base year. If the # of goods in a Year 3 = 300 and 1 point the price per good in year 3 = $7, what is the REAL GDP in year 3? *
Nominal GDP - Current Production x Current Price
Real GDP = Current Production x Base Year Price
Example:
Year 1
Year 2
# of goods
100 goods
X
Price per good
$5 per good
$6
Nominal GDP
$500
$1,200
Real GDP
$500
$1,000
200
X
=
$1,000
$1,500
$2,100

Afactory owner wants his workers to produce as many widgets as they can so he pays his workers based on how many widgets they produce. however, in order to make sure that the workers do not rush and produce a large number of poorly made widgets, he checks the widgets at random at various stages of their manufacture. if a defect is found in a widget, the pay of the entire section of the factory responsible for that defect is docked. how is this factory owner seeking to solve the agency conflict problem in this case?

What should a food worker use to retrieve ice from an ice machine?

Mae jong corp. issues $1,000,000 of 10% bonds payable which may be converted into 10,000 shares of $2 par value ordinary shares. the market rate of interest on similar bonds is 12%. interest is payable annually on december 31, and the bonds were issued for total proceeds of $1,000,000. in accounting for these bonds, mae jong corp. will: (a) first assign a value to the equity component, then determine the liability component. (b) assign no value to the equity component since the conversion privilege is not separable from the bond.(c) first assign a value to the liability component based on the face amount of the bond.(d) use the “with-and-without” method to value the compound instrument.