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3 years ago

Which option below best represents what is included in the calculation of the United States gross domestic product (GDP)?

Business

1 answer:

stepladder [879]3 years ago

7 0

Gross domestic product (GDP) is the monetary value of all the finished goods and services produced within a country's borders in a specific time period. Though GDP is usually calculated on an annual basis, it can be calculated on a quarterly basis as well (in the United States, for example, the government releases an annualized GDP estimate for each quarter and also for an entire year).

All the products by U . S company matter where are they products

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Marin Company uses a perpetual inventory system. Its beginning inventory consists of 65 units that cost $44 each. During June, (

Anastaziya [24]

Answer:

Dr. Cr.

(1)

The company purchased

195 units at $44 each

Inventory (195 x 44) 8,580

Account Payable / Cash 8,580

(2)

Returned 8 units

for credit

Account Payable / Cash 352

Inventory (8 x 44) 352

(3)

Sold 163 units

at $65 each.

Account receivable / Cash 10,595

Sales ( 163 x 65 ) 10,595

Cost of Goods sold 7,172

Inventory 7,172

Inventory Account: Dr. Cr. Balance

Opening Balance ( 65 x $44 ) $2,860

(1) Purchase $8,580 $11,440

(2) Purchase Return $352 $11,088

(3) Sale $7,172 $3,916

Inventory Closing Value is $3,916.

6 0

4 years ago

Describe three different financial decisions and their opportunity costs.

KatRina [158]

Answer:

Going to college has an opportunity cost of not working or working less. Buying a car has an opportunity cost of not being able to save as much. Buying a house could have an opportunity cost of not being able to travel. Opportunity cost is the choice you give up when selecting something else.

Explanation:

8 0

3 years ago

Read 2 more answers

While visiting a client to deliver their 2019 tax documents, one of the owners approaches you and states: "The IRS says my trave

serious [3.7K]

Answer:

Commuting refers to travelling from your home to your workplace. It generally refers to the distance that people generally travel to get to their office or any type of workplace.

While business travel refers to not only leaving your house to go to work, but actually going somewhere else to perform your regular business activities, e.g. going form one state to another to close a sale. In order for business travel to be effectively recognized as such, it must be necessary for your business activity and it should last more than one ordinary workday.

In this case, your client continuously leaves his house and goes form one state to another performing his normal business activities. This perfectly fits the IRS's definition of business travel.

Initially, you can try to solve this issue with IRS Office of Appeals (since you are right), but if that doesn't work, then you can go to Tax Court.

6 0

4 years ago

What is the practice of allowing a client to die without the use of any extraordinary measures sometimes called?

daser333 [38]

I'm not to sure on this question

8 0

4 years ago

Which type of consent must mr. bowden give prior to having his procedure done next week?

rewona [7]

Prior to having his procedure, Mr. Bowden has to give his WRITTEN INFORMED CONSENT.
Informed consent refers to the process in which patients are informed by the health providers about the proposed medical treatment they want to undergo. The nature of the treatment, its benefits, harms, risks and alternatives have to be discussed.
A written informed consent involves signing the documents that have to do withe the procedure.
Informed consent can be oral or written.

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3 years ago