Answer:
a
b
d
Explanation:
Gross domestic product is the total sum of 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 by households + Investment spending by businesses + Government spending + Net export
Net export = exports – imports
When exports exceed import there is a trade deficit and when import exceeds import, there is a trade surplus.
Items not included in the calculation off GDP includes:
1. services not rendered to oneself
2. Activities not reported to the government
3. illegal activities
4. sale or purchase of used products
5. sale or purchase of intermediate products
6. quality of goods and services
7. externalities
The car parts produced in the US would be added to GDP as parts of exports
<span>Out of the prepaid rent of $2800, $700, the actual rent for the month of January, has to be debited to rent account and prepaid rent account will be credited. Now the prepaid rent account will show a smaller figure(2800-700 = 2100) This is the amount that will be shown in the prepaid rent account in the balance sheet. Of course it will be shown as an asset since it has a debit balance.</span>
Sales Agent makes an average income of nearly 67,000 dollars approximately per year
<u>Explanation:</u>
Sales agent performs the duty of selling and distributing the products to the customer. They also provide complete services regarding the products and duly take the responsibility in clearing an issue in the product.
Sales Agents perform various roles such as;
- Provides a complete description regarding the product along with its feature.
- Interact with business officials for future sale agreements.
- Maintains a friendly relationship with their customers.
- Progress towards rapid growth in selling more products.
Answer:
B. firms currently making pizza will switch to making calzones
Explanation:
Answer:
Credit to Accounts Receivable for $2,000
Explanation:
Preparation of the Journal entry
Based on the information given we were told that the Merchandise sold have a terms of 2/10, n/30, which is been recorded by debiting Accounts Receivable as well as crediting Sales for the amount of $2,000 which means that If the payment occurs on January 21 the Journal entry would include Debit to Accounts Receivable for $2,000
Dr Cash 1,960
(2,000-40)
Dr Discount on bills receivable 40
(2,000*2%)
Cr Accounts receivable 2,000
