Answer:
do not necessarily provide a good measure of relative living standards.
Explanation:
Gross domestic product (GDP) can be regarded as total monetary/market value of finished goods/ services
that is been produced within a boarder of a country in a specific time period.
Per capita gross domestic product (GDP) can be regarded as metric used in breaking down the economic output per person of a country. This can be calculated by finding the division of the GDP of a country i.e using its population to divide the GDP.
It should be noted that Comparisons of per capita gross domestic product (GDP) between countries do not necessarily provide a good measure of relative living standards.
A tax on automobiles imported into the United States that raises prices on imported vehicles to make the price of cars produced in the United States more competitive is a Protective Tax; a tax on all oil imported into the United States, which is implemented to raise money for the U.S. government, is a Revenue tariff.
Explanation:
The protective tax levied by the Federal Government aims at attracting the US citizens to buy the cars manufactured by the local automobile industries. It can also ensure the quality of goods which cannot be compromised with the car manufactured with the raw materials imported from the neighboring country like Mexico.
Import tariffs are included in the Revenue tariff. Such Revenue tariff are collected through the trade of imported oil all used for raising revenue which can also be used for social welfare purposes and also paves the way for boosting oil firms in the US regions.
answer and explanation :
A bad debt is a specifically-identified account receivable that will not be paid and so should be written off at once, while a doubtful debt is one that may become a bad debt in the future and which it may be necessary to create an allowance for doubtful accounts.
Answer: Direct materials quantity variance.
Explanation:
Direct Material quantity variance is the difference between the actual quantity of materials used in production and the standard quantity that was supposed to be used, multiplied by the standard price of the material.
It is a method that checks the company's efficiency is being able to use raw materials to produce goods. If the Actual quantity needed is greater than the Standard quantity, this will be considered an Unfavorable Variance and mean that the company was not efficient in using the materials.
Causes of this can be low quality of materials and inadequate employee training.
Answer:
contract s not acceptable
Explanation:
Given data:
worth of CCTV coverage contract = $ 80,000
Coverage Cost = $ 74,000
Interest rate = 8.5%
Present value of the CCTV coverage is PV
As we can see from above calculation that present value of receivable amount is less than current cost, hence the contract is not acceptable