Answer:
The given statement is "True".
Explanation:
The reverse production process refers specifically to either the receipt of products from consumers through manufacturers.
- In something like a decentralized operations management, most returning items go to a centralized assessment and testing facilities to have been re-stocked, refreshed as well as scarred.
- Throughout the organized production chain, returning goods pass directly to consumers for abolishing as well as reprocessing.
Answer:
sales revenue 540,000
other revenue 49,000
income summary 589,000
to close revenue accounts
income summary 520,000
COGS 290,000
other expenses 230,000
to close expense accounts
income summary 14,000
dividends 14,000
to close dividends expense
income summary 55,000
Retained Earnings 55,000
Explanation:
We use incomme summary to close the temporary accounts.
The revenues has credit normal balance, so we debit them to close them.
The expenses has debit normal balance so we credit to close them.
We do this using the income summary account to balance the entries.
We also close dividends account against Income Summary
Finally we move the balance of income summary to retained earnings
The answer is: 18%
Approximately, the total amount of medical cost that the government had to cover is around 2.9 Trillion Dollars every years.
Since the Gross Domestic product of united states is approximately around 16.1 Trillion dollars every year, the percentage of the medical cost is:
2.9/16.1 x 100 = 18.01% from total GDP
The sooner you need the money, the less risk you will be willing to take on.
If you have until you retire, you may be more willing to gamble on riskier investments for the potential of bigger returns because if it doesn't work out you will still have plenty of time to make up the loss. However, if you need the money sooner for a car you should only take on a minimal amount of risk.