I believe the answer would be D. I think
The answer in the given statement above is false because
Gross Domestic Product has the capability of providing measurement when it
comes to the economy’s income. It measures the goods that are produced and the
services that are given in the course of one year where in it is concluded that
it has the capability of measuring the economy’s income.
The correct answer is market price.
Market price is the price that you normally pay when you want to buy something. This price is usually higher than what the store that is selling it got it from the manufacturer, because it is buying the product in bulks. You as a consumer will have to pay this price when all discounts, allowances, and rebates are subtracted.
Answer:
(C)
Explanation:
Premiums is something given as a reward, prize, or incentive.
In this case, the college entertainers offered an incentive or reward (premiums) to the people who came to see them perform.
The shirts would encourage the people who came to see them perform to be present some other time.
For example, a grocery store may give free sweets to children who accompany their parents to the store.
Answer:
Nancy Tercek
Income Statement for the month ended June 30 2019
$ $
Service Revenue 6300
Less: Expenses
Rent Expense 600
Gas Expense 300
Utilities Expense 300
Salaries Expense 1190 (<u>2390)</u>
Net Income <u>3910
</u>
Explanation:
- These are the only transactions relating to income statement. We calculated the revenue by adding the service revenue earned on 5 june (4700) and on 20 June (1600).
- In service business there are no Cost of Goods Sold.
- We deduct the Expenses relating to operations.
- There are only four expenses and the finance cost relating to notes payable cannot be calculated as the interest rate is not provided.
