Answer:
4
Explanation:
Gross domestic product is the sum of all final goods and services produced in an economy within a given period.
GDP calculated using the expenditure approach: GDP = Consumption spending by households + Government Spending + investment by business + Net Export.
I hope my answer helps you.
Answer:
False
Explanation:
A common size income statement is an income statement expressed in percentages. Each line item is expressed as a percentage of total revenue or total sales, not as a percentage of net income.
A common size income statement is used to analyze the relative weight of the company's accounts, e.g. gross margins, net margins, manufacturing expenses relative to total sales, etc.
Answer:
It is not formally recorded in the accounting record of the parent company if the subsidiary retains its incorporation.
Explanation:
IFRS 3 explains business acquisition as the taking over the control of an existing business by another with the acquired assets measured at the fair value at the date of transaction.
The combining of interest method has ceased to be considered by GAAP since 2001.
That means a subsidiary has to lose its incorporation for full acquisition or rather treated as an investment by the acquiring company.
Originally,
Let x = the balance in the first account.
Let y = the balance in the second account.
The total amount in the two accounts is $9,000, therefore
x + y = 9000 (1)
Zack withdraws 10% of x and 60% of y for a total of $2,175.
Therefore
0.1x + 0.6y = 2175
or
x + 6y = 21750 (2)
Subtract (1) from (2).
x + 6y - (x + y) = 21750 - 9000
5y = 12750
y = 2550
From (1), obtain
x = 9000 - 2550 = 6450
The balance in the first account is
0.9*x = 0.9*6450 = $5,805
The remaining balance in the second account is
0.4*y = 0.4*2550 = $1,020
Answer:
The balance in the first account is $5,805
The balance in the second account is $1,020
Answer:
See below
Explanation:
The above information is incomplete. Concluding part from similar question is seen below.
Direct labor $16,000
Factory overhead $12,800
To finished goods ($48,000)
Therefore, the amount of direct materials charged to job is computed as;
= Balance + Direct materials + Direct labor + Factory overhead - Finished goods
= $4,300 + $26,400 + $16,000 + $12,800 - $48,000
= $11,500
The next step is to deduct the job Still in work in process charged with direct labor.
= $11,500 - $2,300
= $9,200
Hence, the amount of direct materials charged to job no 5 is $9,200
