GDP stands for Gross Domestic Product. When we refer to Per Capita GDP, this covers the gross income of the country, and this is divided by the number of population in that country. Basing on this definition, I can say that the other ways to measure the quality of life in a country aside from basing from per capita GDP is through Genuine Progress Indicator, and <span>Gross Domestic Product. Hope this helps.</span>
Answer:
Increase in Cash/bank = $1000+ $26 = $1026
Decrease in Cash/bank = $76+$260 = $336
Explanation:
The entries for each transaction is as follows:
1- Bank service charges:
Service charges exp Dr $76
Bank Cr $76
(Note: Bank has provided us with banking services, the charges of which is an expense for Bourne incorporated and the settlement of which will reduce our bank balance, a credit.)
2- NSF check from a customer:
Entry:
Acc receivable Dr $260
Bank Cr $260
(Note: A NSF check is a non-sufficient funds check which implies that the customer doesn't have sufficient funds to pay for whatsoever services rendered by us. Upon receipt of such a check we must have increased our bank and decreased our receivable but since it has been dishonored we need to reverse the entry by decreasing our bank and increasing our receivable balance until it's settled by the customer.)
3- Customer's note receivable collected by the bank:
Entry:
Bank Dr $1000
Receivable Cr $1000
(Note: Bank has received a note against a receivable which results in an increase in our bank balance and decrease in or respective customer account and/or receivable.)
4- Interest earned:
Entry:
Bank Dr $26
Interest income Cr $26
(Note: The money deposited by Bourne Incorporated has earned interest which by nature is an income for Bourne. So Bank is debited and interest income is credited to increase both bank and income simultaneously.)
The appropriate journal entry to record the transactions is: Debit Cash $7,840; Debit Sales discount $160; Credit Account receivable $8,000.
<h3 /><h3>Journal entry</h3>
The correct entry to record the transaction is:
November 17
Debit Cash $7,840
(98%×$8000)
Debit Sales discount $160
(2%×$8000)
Credit Account receivable $8,000
Therefore the appropriate journal entry to record the transactions is: Debit Cash $7,840; Debit Sales discount $160; Credit Account receivable $8,000.
Learn more about journal entry here:brainly.com/question/14279491
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Answer:
the business will provide finance for the event
Explanation:
When messages are sent to business, local or international, to sponsor events, it is more often than not thought to be a request fro financial backing or financial muscle for the event. For this reason, the business being courted does not involves itself in the event but rather provides financial aid and maybe send out company representatives to see the event if necessary.
Cheers.
Answer:
1- (a) Progressive.
2- (a) As a capital gain taxed at the long-term tax rate.
3- decreased, reduce, greater
4- required
5- Dividends paid.
Explanation:
1- In the U.S. federal income taxes are progressive. They take a larger share of income as the income grows. People with higher incomes will pay a large percentage of their income as federal tax and people with lower incomes will pay a lower percentage of income.
2- The share are purchased and sold after few years. The investment is kept for more than a year than its capital gains will be taxed at the long-term tax rate.
3- Depreciation expense is considered as a tax shield. The larger the depreciation expense, the lower will be the taxable income.
4- The tax payers are liable to pay greater if AMT liability or regular tax liability under tax law 1969.
5- Dividends paid are not deducted to derive taxable income. Interest paid is deducted from operating income to calculate taxable income.
