Answer:
B
Explanation:
It is said that the required ending inventory for the month is $15000 and 20% of the next month's sales.
We are considering the month of march here, therefore the ending merchandise inventory is $15000- and 20% of April's sales.
Given:
April's sales = $91,000
Hence, 20% of April's sales = 0.2*91000 = $18200
Hence, ending merchandise inventory for March = 15000 + 18200 = $33,200
Answer:
B. It allows people to buy, sell, and trade goods efficiently.
Explanation:
Medium of exchange refers to an intermediary instrument used to facilitate trade or the transfer of goods and services between parties. An item must be acceptable by the parties involved in the transaction to be used as a medium of exchange. It should represent a fair standard of value.
Money is the most widely used and accepted medium of exchange. It facilitates an easy and quick transfer of goods and services between buyers and sellers. Without money, the selling of goods and services would be conducted on barter trade. Money as a medium of exchange facilitates smooth transactions in business.
Answer:
the first one
Explanation:
because the other ones don’t really make sense because cars and refrigerators are not very energy efficient, costs of cars and refrigerators are higher bc they are important and they don’t have to be custom produced
Answer:
The leisure time enjoyed by households The costs of overfishing and other overly intensive uses of resources
The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government
Explanation:
Gross domestic product is the sum of all final goods and services produced in an economy within a given period which is usually a year.
GDP calculated using the expenditure approach =
Consumption spending + Investment spending + Government Spending + Net Export
Funds spent by city governments to renovate their buildings is included in the calculation of GDP as part of government spending.
Items not included in the calculation of GDP are :
1. Leisure
2. Externality
3. Transfer payment
4. Illegal activities
I hope my answer helps you