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4 years ago

What is double entries for debit note received

1 answer:

7 0

The double entry<span> system of accounting or bookkeeping means that every business transaction will involve two accounts</span>

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Suppose GDP is $8 trillion, taxes are $1.5 trillion, private saving is $0.5 trillion, and public saving is $0.2 trillion. Assumi

vlada-n [284]

Answer: Consumption = $6 trillion

government purchases = $1.3 trillion

national saving = $0.7 trillion and

investment = $0.7 trillion

Explanation:GDP is the market value of all final goods and services within an economy during a given period.

GDP = Consumption + Investment/National Savings + Government Expenditure/purchases (in a closed economy)

National Savings/ Investment = Private saving + public saving = $0.5 trillion +$ 0.2 trillion = $0.7 trillion.

Government purchases = Taxes - Public saving = $1.5 trillion - $0.2 trillion = $1.3 trillion

Since, GDP = Consumption + Investment/National Savings + Government Expenditure/purchases (in a closed economy)

Therefore, Consumption = GDP - Investment - Government Expenditure

Consumption = $8trillion - $0.7trillion - $1.3trillion = $6 trillion

5 0

3 years ago

Pacific Packaging's ROE last year was only 6%; but its management has developed a new operating plan that calls for a debt-to-ca

Gre4nikov [31]

Answer:

0.11%

Explanation:

Given that

Earning before interest and tax = $560,000

Interest = $336,000

The computation of company's return on equity is shown below:-

So, the Earning before tax

= $560,000 - $336,000

= $224,000

Tax = $224,000 × 30%

= $67,200

Earnings after interest and taxes = Earning before tax - Tax

= $224,000 - $67,200

= $156,800

Asset turnover ratio = total revenue ÷ total assets

3.4 = $8,000,000 ÷ total assets

Total assets = 2,352,941.18

Equity ratio = 1 - debt ratio

= 1 - 0.40

= 0.60

Total Equity = equity ratio × total assets

= 0.60 × 2,352,941.18

= 1,411,764.71

Return on Equity = Net income ÷ Equity

= $156,800 ÷ 1,411,764.71

= 0.11%

6 0

3 years ago

Select the correct answer. What happens if you fail to pay your annual taxes? you will simply have to pay some penalty fees you

Vinvika [58]

The correct answer would be option A, you will simply have to pay some penalty fees.

If you fail to pay your annual taxes, you will simply have to pay some penalty fees.

Explanation:

People who earn income in a country are liable to pay a certain amount from their income as taxes to the government for enjoying the services given by the government to the citizens.

If you have filed for your taxes and then you are unable to pay them, then the Internal Revenue Service will charge you a failure to pay penalty. You will have to submit the penalty fee along with the taxed amount as soon as possible.

Learn more about Purpose of Taxation at:

brainly.com/question/879536

#LearnWithBrainly

4 0

4 years ago

General Electric manufactures electric motors for its clothes dryers. The firm uses a formal vendor rating system to evaluate su

AVprozaik [17]

Answer:

post purchase behavior stage

Explanation:

The post purchase behavior stage is the last stage in the buying decision process. At this stage the company (or an individual) will evaluate whether they are satisfied with the product or service they purchased. Did the product or satisfied all their needs? Was it better than expected, or worse? Was it delivered on time, the technical support was good? etc.

If the evaluations are positive during this stage, then the company (or individual) are likely to repeat the purchase, if not, then they will probably choose another supplier.

8 0

3 years ago

_____ occurs when the amount of of capital per worker increases

katrin2010 [14]

<span>Gross domestic product </span>occurs when the amount of of capital per worker increases. The answer is letter A

3 0

3 years ago

Read 2 more answers