A Gantt chart is s special type of bar chart
Answer:
a. rises but real GDP per person falls
Explanation:
Gross domestic product is the total monetary value of output that is produced by an economy in a given period.
GDP increases as the income increases. This is because people have more money to spend on goods and services.
So if people are retiring they will earn pension that will be spent. This increases productivity of the economy.
However since the number of people working is reducing there will be a reduction in real GDP per person. Only few people are producing and output will be allocated to a large population many of whom are not working.
Answer:
For X-Men, the Sales Discount should be recorded at the estimated discount amount that will be taken by the X-Men's customers, which is calculated as: $1,000 * 2% = $20.
The adjusting for sales discount X-Men should be recorded as followed:
Dr Sales Discount 20
Cr Allowance for Sales Discount 20
( to record the estimated sales discount taken)
in which, Sales Discount is a contra-revenue account which helps to record the Net Sales amount from the Gross Sales amount.
Explanation:
Answer:
a.Capital expenditure, replacement component
b.Capital expenditure, replacement component
c.Revenue Expenditure, not applicable
d.Capital expenditure, replacement component
e.Capital expenditure, additional
f.Revenue Expenditure, not applicable
g.Capital expenditure, additional
Explanation:
Capital Expenditure involve the addition or replacement on assets that <u><em>increases flows of economic benefits or Income earning</em></u> capacity.
Revenue Expenditure involve repairs or maintenance of assets in order to <u><em>maintain the ability to earn income or economic benefits</em></u> and not to increase it.
