Answer:
Sept. 6 Purchased calculators from Green Box Co. at a total cost of $1,620, terms n/30.
Dr Inventory 1,620
Cr Accounts receivable 1,620
9 Paid freight of $50 on calculators purchased from Green Box Co.
Dr Inventory 50
Cr Cash 50
10 Returned calculators to Green Box Co. for $38 credit because they did not meet specifications.
Dr Accounts payable 38
Cr Inventory 38
12 Sold calculators costing $520 for $690 to University Book Store, terms n/30.
Dr Accounts receivable 690
Cr Sales revenue 690
Dr Cost of goods sold 520
Cr Inventory 520
14 Granted credit of $45 to University Book Store for the return of one calculator that was not ordered. The calculator cost $34.
Dr Sales revenue 45
Cr Accounts receivable 45
Dr Inventory 34
Cr Cost of goods sold 34
20 Sold calculators costing $570 for $760 to Campus Card Shop, terms n/30.
Dr Accounts receivable 760
Cr Sales revenue 760
Dr Cost of goods sold 570
Cr Inventory 570
Answer:
The correct answer is B: decreased
Explanation:
Gross Domestic Product (GDP) is the sum of all the finished goods and services produced in a specific period, based on the market value of such items. The data sets are net of inflation, they are calculated adjusting for price changes.
The formula is as follow:
GDP = C + I + G + NX
GDP is the sum of consumer spending C, Investments I, Government spending G, and net exports NX.
<u>Inventory level itself is not part of GDP; however, changes in inventory does affect GDP by affecting investments. So if a corporation chooses to build up its inventory by amount X, it essentially makes an expenditure that increases I by X. Inventory will increase when a company produces more than what it sells.</u>
So a reduction in production affects I, reducing GDP.
Answer:
Write down order
Ask is they would like condiments
Input the order
Collect payment
Deliver order
Explanation:
Gross domestic product (GDP) is the money related estimation of all the completed merchandise and enterprises created inside a nation's fringes on a particular day and age. In spite of the fact that GDP is typically figured on a yearly premise, it can be ascertained on a quarterly premise too. Gross domestic product measurement incorrectly depict the economy on the grounds that the extent of GDP estimations