Answer:
The correct answer is option a and option b.
Explanation:
The opening of a new American-owned factory in Algeria would tend to increase Algeria's GDP more than it increases Algeria's GNP.
This is because the GDP of a nation is the value of final goods and services produced in an economy in a year by both domestic citizens as well as foreign residents.
While GNP of a nation does not include the income earned by the foreign residents within the boundaries of a nation. So it is lower than GDP.
Answer:
The correct answer is letter "D": Psychological–learning.
Explanation:
Psychological learning refers to the behavior individuals acquire based on their experiences, negative or positive. It is believed events of individuals' childhood shape their personalities in the future and their attitudes in front of different situations. The school of study in charge of studying behavior is called Behaviorism.
Answer:
In Barton and Barton Company's general journal, entry required include:
Debit Retained Earnings Account with $8.2 million
Credit Opening Inventory with $8.2 million
Being reversal of overstated inventory due to change from FIFO to Average cost method.
Explanation:
The debit entry to the Retained Earnings Account will reduce the balance by $8.2 million. The effect of overstating the closing inventory is overstatement of the net income because the cost of sales was understated as a result of the inventory overstatement.
The credit entry to the Opening Inventory reduces the balance to the new balance based on the average cost method of $23.8 million.
The FIFO cost method or First-In, First-Out method is an inventory costing method that assumes that goods that were bought first were the ones to be sold first. The inventory cost is therefore valued with the most recent quantity and cost price.
On the other hand, the Average Cost Method, also called the Weighted Average Cost Method, calculates the inventory cost by adding all the period's inventory and dividing it by the quantity for the period. This gives an average cost which is in turn used to multiply the quantity of inventory at the end of the period to obtain the inventory cost.
Both methods are estimates that produce different results and affect the reported net income differently. There is always the need for consistency in choosing the method to apply so that reported net income is not unduly distorted.
The correct answer should be <span>Yes, because though most Governance employees have a bachelor’s degree, it is not required.
A formal education degree is not necessary for getting a position in a governing office. His military career can be helpful since many military generals have been involved in politics because of their high rank, and he wouldn't be the first or the last military general that became a leader of a country due to their experience. He obviously has experience in the field and in working with people and if he is high ranked that also means that he can manage organizations well, so he can become an officer in a governing position if he desires to.</span><span />
D. Interest paid on the mortgage of your home is tax deductible
