Answer:
D) per capita GDP decreased for country A only
Explanation:
Per capita GDP is calculated by dividing total GDP by the total population of the country. If the population of the country grows faster than its GDP, then its GDP per capita will decrease.
For example, country A's GDP is $100, and it has 20 citizens, so its GDP per capita for year 1 = $100 / 20 = $5. If the economy grew by 4% and the population grew by 5%, then the GDP per capita on year 2 will = $104 / 21 = $4.95.
Answer:
24%
Explanation:
Calculation to determine their housing ratio
Using this formula
Housing ratio= Housing expenses / Gross monthly income
Let plug in the formula
Housing ratio= $2,700/ $11,300
Housing ratio= 24%
Therefore their housing ratio is 24%
Question Completion:
If Delicious Catering had recorded transactions using the Accrual method, how much net income (loss) would they have recorded for the month of May? If there is a loss, enter it with parentheses or a negative sign.
Answer:
Delicious Catering
Using the Accrual method, Delicious Catering would have recorded for the month a net income of $1,670.
Explanation:
Data and Calculations:
Prepaid Rent for 3 months = $1,500
Rent expense for the month = $500 ($1,500/3)
Utilities expense = $190
Service Revenue:
Cash for meals = $2,400
Credit 2,000
Total $4,400
Salary Expense = !,700
Depreciation expense = $340
Kitchen Equipment = $2,500
Income Statement for the month of May:
Service Revenue $4,400
Expenses:
Rent $500
Utilities expense 190
Salary expense 1,700
Depreciation expense 340
Total expenses $2,730
Net Income $1,670
A company's procedures serve as instructions for people to follow when accomplishing an activity on a computer. The order of the steps to be performed to make something happen or how something is done is the definition of process. A method would be to crack eggs into a bowl, beat them, and then scramble them in a skillet. a specific way to carry out an activity.
Workplace policies have a direct relationship with workplace procedures. A process is a set of instructions outlining how to carry out a policy. Employees are given a thorough awareness of the company's norms and ideals through the use of both policies and procedures.
To learn more about procedures, click here.
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