Gross domestic product is one of the factor that aid the long run monetary benefit in business.
<h3>What is Gross domestic product?</h3>
Gross domestic product refer to the the overall monetary or market value of all thecompleted goods and services that is manufactured within a specific country at a period of time.
It is the overall measure of overall domestic production, it help the to know if the country is okay or not.
It help to estimate the size of the economy.
To calculate, GDP
GDP = Consumption + investment+ government spending + net worth.
Therefore, Gross domestic product is one of the factor that aid the long run monetary benefit in business.
Learn more on Gross domestic product from the link below.
brainly.com/question/1383956
.
Answer:
Owners are not required to pay it to foreign workers.
Explanation:
Owners must pay it to any worker regardless of its nationality.
Answer and Explanation:
The Journal entry is shown below:-
Bad debts expense Dr, $2,000
To Accounts receivable-Hopkins $2,000
(Being write off is recorded)
Here we debited the bad debt expenses as it increased the expenses and we credited the accounts receivable as it reduced the assets so that the proper posting could be done
Answer:
COGS= $181,000
Explanation:
Giving the following information:
Beginning Finished Goods= $39,000
Ending Finished Goods= $53,000
Cost of goods manufactured= 234,000 - 39,000= $195,000
<u>To calculate the cost of goods sold, we need to use the following formula:</u>
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
COGS= 39,000 + 195,000 - 53,000
COGS= $181,000
<span>You would receive a tax refund from the IRS if you paid too much in taxes versus what your net income was during the year. The taxes owed is less than what was paid to the IRS during the year. If you receive credits for what you are able to deduct from your net income, then you will be able to receive money back at the end of the year for over paying during the year.</span>
