Because The humans residing on $1 and $2 a day probable grow a lot of their very own meals and produce a lot of their very own clothing and shelter.
GDP is the measure of market cost of all goods and services produced in a country.
<h3>Why GDP fails as a measure of well-being?</h3>
GDP includes spending on medical care, but it does no longer tackle whether life expectancy or baby mortality have risen or fallen. Similarly, GDP counts spending on education, however it does not address at once how a lot of the populace can read, write, or do basic mathematics.
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Answer:
D. Favorable.
Explanation:
This has been explained in many different ways or forms but simply, it is described as the difference in amount to time that was used in production against the amount of time the said production was totally done or completed. And in this case where it is required for its application in standard direct labour, the efficiency variance is said to be totally unfavourable, therefore overhead efficiency variance will be favourable. In other words, it is explained also that inputs been used to produce output units are based on models or past experience.
Answer:
yes its possible. You could sell dirt
Balance Sheet occurs immediately after he prepares the income statement.
Balance Sheet:
- The balance sheet is one of the three main financial statements used when evaluating a business. It offers a snapshot of the assets and liabilities of a corporation as of the publication date.
- A balance sheet provides you with a quick overview of your company's financial situation at any given time. A balance sheet, along with an income statement and a cash flow statement, can aid business leaders in assessing the financial health of their organization.
- The balance sheet is a vital instrument used by executives, investors, analysts, and regulators to understand the present financial situation of a firm. The other two types of financial statements, the income statement and the cash flow statement, frequently cohabit with it.
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Answer:
A liquidated damages clause
Explanation:
A liquidated damages clause or provision is included in an agreement specifying an amount of money that establishes the damages that will be recovered by one party in the event of another party's breach to the contract.
Liquidated damages are agreed upon by parties to the contract at the time of signing the agreement.
In this scenario, the provision of $1,000 in the agreement constitutes a liquidated damages clause.