ANSWER: To calculate the gross profit for the month of August, Gibson will have to find out the sales in his company. Gibson had a opening stock of 200 units of products valuing $8 per unit. The total value of the stock available at the opening of the month is $8 x 200 units = $1,600. If he uses the average cost method to calculate the inventory cost, he will need the opening stock and the production done in the month of August. This will give him the figure which will show his entire stock which were available for sale in the month. 
Let's assume the entire stock produced in the month of August to be 'x', so the total stock available for sale was '$1,600+x'. This amount needs to be subtracted by the closing stock of the month to get the actual value of sales that has happened during the month of August. So, dividing the actual value of sales by the production cost of the sold number of units will give Gibson the gross profit for the month of August.
 
        
             
        
        
        
Answer:
wages and prices are often inflexible in the downward direction. 
Explanation:
John Maynard Keynes was a British economist born on the 5th of June, 1883 in Cambridge, England. He was famous for his brilliant ideas on government economic policy and macroeconomics which is known as the Keynesian theory. He later died on the 23rd of April, 1946 in Sussex, England.
Keynes believed that wages and prices are often inflexible in the downward direction. 
In Economics, when there are monetary disturbances and a great level of macroeconomic factors in the economy of a particular country, this usually result in prices of goods and services being sticky.
 
        
             
        
        
        
All of the answers are correct, for the bibliographic entry you need their name, date, and the type of interview conducted. 
        
                    
             
        
        
        
Answer:
final loan amount = $18,455.86
so correct option is c. $18,455.86
Explanation:
given data 
loan = $18000
rate =  10%
time = 3 months
to find out 
total amount that Rahul owes the bank at the end of the loan
solution
we know that number of day in 3 months is 
number of day = 3 × 
number of day = 91.25 days 
loan rate = 
loan load = 0.00027397
now final loan amount will be 
final loan amount = loan amount ×  
      
final loan amount = $18000  ×  
   
final loan amount = $18,455.86
so correct option is c. $18,455.86
 
        
             
        
        
        
Answer:
a. have been recorded on the company's books but not yet by the bank
Explanation:
The deposit in transit means the deposit is recorded in the book of the company accounts but the same is not recorded in the bank books of account unless when they are not deposited. 
So while preparing the bank reconciliation statement, we added the deposit in transit and deduct the outstanding checks in the bank books of accounts