The statement is True.
<h3>What does receipt mean?</h3>
- Receipts are formal records that serve as evidence of a transaction or purchase involving money. Both stock market transactions and business-to-business exchanges issue receipts. As evidence of some expenses, receipts are also required for tax purposes.
- A payment receipt, also known as a receipt for payment, is a record that serves as evidence of purchase. It is supplied by a company to its clients following the receipt of payment for any good or service.
- The patient's receipt can assist you to understand this. You have a right to the patient's receipt under the law. This implies that if you request it, your doctor is required to give it to you. Its contents must be clearly explained and understandable to laypeople.
The patient should be given a receipt for payments on account even if the account is not paid in full.
The statement is True.
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4.
Potential GDP is the maximum output when there is full employment of resources or the factors of production.
model represents the movement of money and resources through out the economy
Answer:
$550,000
Explanation:
The computation of the cost of the land is shown below:
= Cash paid + note payable amount + legal fees incurred + sales commission charged + surveying fees + appraisal fee
= $100,000 + $400,000 + $19,000 + $25,000 + $1,000 + $5,000
= $550,000
For computing the cost of the land we added all the cost given in the question as it is related to the land
