Well if you have a family business your family most likely will invest which is a smart way to start a business but if your business goes down the drain you lost your family investments
Safety and liquidity. Liquidity means the ability to use it at a moments notice and if saved that is possible whereas if invested that may not always be the case. If invested you won’t be able to use the funds immediately or at least you aren’t guaranteed that you can without a delay. The other imp reason is safety. If you save your money it is safe and retains its value but if invested it’s value can fluctuate which you tolerate and expect in the hopes that over time it will earn you more money.
Answer:
Explanation:
Before passing the journal entry, first, we have to compute the over and short cash balance till date. The computation is shown below:
Ending cash balance = Opening cash balance + cash sales
= $150 + $988.62
= $1,138.62
And, the cash balance is $1,125.74
So, the remaining balance is $12.88 which represent short cash balance
The journal entry is shown below:
Cash A/c Dr $975.74
Short cash A/c Dr $12.88
To Sales A/c $988.62
(Being cash count recorded)
The left balance would be debited to the cash account
Answer:
an increase in the number of goods produced
the creation of employment opportunities
Explanation:
The GDP value communicates the rate of economic growth in a country. An increase in GDP shows the economy is growing. The GDP value is calculated by adding all the values of new goods and services produced within the country. An increase in the value of products and services produced results in an increase in GDP, indicating economic growth.
When businesses need to offer more goods and services, they require to hire additional workers to be engaged in production activities. Economic growth means more job opportunities are created.
