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3 years ago

Why wouldn't giving yourself a manicure count as GDP for the United States?

1 answer:

8 0

Because GDP is Gross Domestic Product which is the monetary measure of the market value of all final goods and services produced in a specific time period. Therefore, giving yourself a manicure does not cause anything to change or benefit anything except for how your nails look

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intext:"Pelcher Co. maintains a $400 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that d

olga2289 [7]

Answer:

$84

Explanation:

Calculation for the amount of cash in the fund before the replenishment for Pelcher Co.

Petty Cash $400

Less : Office Supplies ($110)

Less: Merchandise Inventory ($140)

Less :Miscellaneous ($70)

Add Cash Overage $4

Cash in Fund $84

Therefore the amount of cash in the fund before the replenishment for Pelcher Co will be $84

8 0

4 years ago

Farley Company identifies the following items for possible inclusion in the taking of a physical inventory. Indicate whether eac

ValentinkaMS [17]

Answer: A.Freight in

B.purchase return and allowance

C.purchase

D.sales discount

Explanation: A.Freight in the transportation cost associated with the delivery of a goods from the supplier to the receiving end.

B.purchase return and allowance. This occurs when a purchaser and inventory back to the seller.

C.purchase. This is the good and services bought by a company.

D.sales discount. A sales discount is usually offer for prompt payment. Is an incentive sellers offer for early payment.

5 0

4 years ago

Newell Company completed the following transactions in October:

olasank [31]

Answer:

a. Cash receive on Oct. 8 = $588

b. Cash receive on Oct. 16 = $1,261

c. Cash receive on Oct. 29 = $4,000

d. Cash receive on Oct. 27 = $1,176

e. Cash receive on Oct. 28 = $1,862

Explanation:

a. Oct. 8

Since cash was received within 10 days, it qualified for the stated 2% discount. Therefore, we have:

Cash receive on Oct. 8 = $600 - ($600 * 2%) = $588

b. Oct. 16

Since cash was received within 10 days, it qualified for the stated 3% discount. Therefore, we have:

Cash receive on Oct. 16 = ($1,700 - $400) - (($1,700 - $400) * 3%) = $1,261

c. Oct. 29

Since cash was received outside 10 days, it was NOT qualified for the stated 1% discount. Therefore, we have:

Cash receive on Oct. 29 = $5,000 - $1,000 = $4,000

d. Oct. 27

Since cash was received within 10 days, it qualified for the stated 2% discount. Therefore, we have:

Cash receive on Oct. 27 = ($1,400 - $200) - (($1,400 - $200) * 2%) = $1,176

e. Oct. 28

Since cash was received within 10 days, it qualified for the stated 2% discount. Therefore, we have:

Cash receive on Oct. 28 = ($2,300 - $400) - (($2,300 - $400) * 2%) = $1,862

7 0

3 years ago

Superior has provided the following information for its recent year of operation: The common stock account balance at the beginn

MrMuchimi

Answer:

The $12,000 dividend declaration is made during its recent year of operation

Explanation:

In this question, we have to apply the formula which is shown below:

The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid

$80,000 = $65,000 + $27,000 - dividend paid

$80,000 = $92,000 - dividend paid

So, the dividend paid equals to

= $92,000 - $80,000

= $12,000

These items would be displayed in the retained earnings statement

4 0

3 years ago

[Maggie] called her insurance agent after estimating the damages. She had already spent $2,000 on pumping out the water and repa

Nina [5.8K]

Answer:

A,D,E

Explanation:

Took on Edgen2021

7 0

3 years ago

Why wouldn't giving yourself a manicure count as GDP for the United States?​

Why wouldn't giving yourself a manicure count as GDP for the United States?