Answer:
GDP (Gross Domestic Product)
Explanation:
Answer:
For 1st e and for 2nd b
Explanation:
I don't remember correctly
I would say false, the sheet that reports the revenues and the costs is known as the income statement. the balance sheet is the sheet that would report all of the assets (such as the cash, accounts receivable, or others). The balance sheet will also report all the liabilities (including the accounts payable, notes payable and others). Lastly, the balance sheet will also report the equity or the capital account of the business. So in a nutshell, the balance sheet reports the assets, liabilities, and owner's equity.
Answer:
b. performance.
Explanation:
Discharge of contract by performance is when the both the parties agreeing to a contract performs their respective promises.
Discharge of contract by performance is a normal and natural mode of completing a contract.
Once the performance i.e the agreeing statements are proper and complete by the both the parties, they are free from the further liabilities.
Answer:
(a) Compute the return on investment (ROI) for the current year.
Current ROI 8.72%
Explanation:
Sales 3,018,000
- Variable Cost 1,979,808
- fixed cost 594,600
Operating Income 443,592
Operating assets 5,087,200
Return on Investment
ROI = 433,592/5,087,200 = 0.087197 = 8.72%
