Answer:
the amount of cash received from customers is $97 million.
Explanation:
The cash received from customers can be determined by opening a Total Receivables T-Account.
Total Receivables T-Account
<u>Debit :</u>
Beginning Balance $6 million
Sales $100 million
Totals $106 million
<u>Credit </u>:
Ending Balance $9 million
Cash Received from Customers (Balancing figure) $97 million
Totals $106 million
Answer:
C. GDP in 2015 is $500 billion.
Explanation:GDP(GROSS DOMESTIC PRODUCT) is a macroeconomic measure that is used to describe the total monetary value of the goods and services rendered within an economy in a given period of time usually annually.
IT IS GENERALLY BELIEVED THAT THE HIGHER THE GROSS DOMESTIC PRODUCT (GDP) IN AN ECONOMY SIGNIFIES THAT THE ECONOMY IS EFFICIENT IN MANAGING ITS PRODUCTIVE RESOURCES AND THE PRODUCTIVITY OF THE ECONOMY IS HIGH.
Answer:
<u>Part 1</u> There will be a disadvantage for 30,000 as there are allocated cost into product X
<u>Part 2 </u>TRUE
As performing the order will not renounce to selling in the local market. When the order comiptes with the normal capacity(there is no idlbe capacity to use) it will have as opportunity cost the contribution if sold in the local market.
Explanation:
Revenue 10,000 x 40 = 400,000
Variable Cost: 100,000 x 32 = 320,000
Avoidable: 120,000 - 70,000 = 50,000
C. Voluntary Exchange
Voluntary exchange means buyers and sellers freely and willingly participating in marketplace transactions.
Answer: actual title of the farmland in the realm belonged to the king.
Explanation: Under the medieval Indian land-use system actual title to the farmland in the realm belonged to the king. However, the Medieval India had a vast area of land that are cultivated by peasants residing in this particular geographical area and land was liable to confiscation for improper use or partial use.