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3 years ago

NDP Mp will be equal to:

Business

1 answer:

Ivanshal [37]3 years ago

6 0

Answer:

B) NDPFC + Indirect Taxes

Explanation:

Net domestic product (NDP) is obtained by subtracting depreciation from gross domestic product (GDP), and it can be calculated at market price (NDPmp) or at factor cost (NDPfc):

NDPmp = GDPmp – depreciation
NDPfc = GDPmp – depreciation – indirect taxes

If we substitute NDPfc into option B, we will get:

NDPmp = NDPfc + indirect taxes

NDPmp = (GDPmp - depreciation - indirect taxes) + indirect taxes

NDPmp = GDPmp - depreciation

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3 years ago

Read 2 more answers

The following does not describe the matching principle

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Answer: The correct answer is c. Expenses are reported on the income statement when cash is paid.

Explanation: Matching principle states that expenses are matched with the related revenue in the same period, that is, expenses incurred to generate related revenue are recorded during the same time interval the related revenue is recorded in order to show the true and fair position of the profitability of the company.

Based on the above definition, only option C does not align with the matching principle because expenses should be recorded in the income statement when incurred and NOT when cash is paid. If it is recorded when cash is paid, it means cash basis of accounting is being applied.

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3 years ago

The Harrisburg Store has net working capital of $2,715, net fixed assets of $22,407, sales of $31,350, and current liabilities o

Maurinko [17]

Answer:

1.08 dollars of sales are generated from every $1 in total assets.

Explanation:

Calculate Current asset from net working capital formula:

Net Working capital = Current Assets - Current Liabilities

$2,715 = Current Assets - $3,908

Current Assets = $2,715 + $3,908

Current Assets = $6,623

Now calculate Total Assets:

Total Assets = Fixed Asset + Current Assets

Total Assets = $22,407 + $6,623

Total Assets = $29,030

We can calculate dollars' worth of sales are generated from every $1 in total assets by following formula:

Asset turnover ratio = Net Sales / Total Assets

Asset turnover ratio = $31,350 / $29,030 = 1.08

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