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Ede4ka [16]
3 years ago
8

Are now the largest single component of the supply side of gdp, representing over half of gdp.

Business
2 answers:
saveliy_v [14]3 years ago
4 0

Services are now the largest single component of the supply side of gdp, representing over half of gdp.

Alborosie3 years ago
4 0

Services are now the largest single component of the supply side of gdp, representing over half of GDP.

Reason: In the 21st century which is called as the information age services has become the largest contributor to the supply side of the GDP replacing manufacturing which held the position earlier. Due to rapid growth of the internet, the global population is more focused on the services part which makes it a large component

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Hunt Incorporated sold $209,000 of accounts receivable to Gannon Factors Inc. on a with recourse basis. Gannon assesses a 2% fin
pentagon [3]

Answer:

Dr Cash $190,190

Dr Due from Gannon Factors $14,630

Dr Loss on Sale of Receivables $16,280

Cr Accounts Receivable $209,000

Cr Recourse Liability $12,100

Dr Accounts Receivables $209,000

Cr Due to Customer $14,630

Cr Interest Revenue $4,180

Cr Cash $190,190

Explanation:

Journal entries

Dr Cash $190,190

Dr Due from Gannon Factors $14,630

Dr Loss on Sale of Receivables $16,280

Cr Accounts Receivable $209,000

Cr Recourse Liability $12,100

Dr Accounts Receivables $209,000

Cr Due to Customer $14,630

Cr Interest Revenue $4,180

Cr Cash $190,190

*7% X $209,000 =$14,630

*2% X $209,000 =$4,180+$12,100=$16,280

5 0
3 years ago
You would like to compare your firm's cost structure to that of your competitors. However, your competitors are much larger in s
Mashutka [201]

Answer:

b. Common-size income statement

Explanation:

The common-size income statement refers to the income statement which show the each item of the income statement with respect to the percentage of sales revenue.

It helps to analyze the company overall productivity, financial position, performance of the company that helps the company to compare with its competitors.

6 0
3 years ago
Karen Meyer owns and operates Crystal Cleaning Company. Recently, Meyer withdrew $10,000 from Crystal Cleaning, and she contribu
elena-14-01-66 [18.8K]

Answer:

a. Karen Meyer's personal records

c. American red cross

Explanation:

The $6,000 contribution should be recorded in Karen Meyer's personal records because 1) the donation was made on her personal name 2) a donation of such size is relevant when Karen files her taxes.

The contribution should also be recorded in the American red cross records because the organization needs to clarify to the tax authorities where each sum of money it obtains comes from.

6 0
3 years ago
Economist: On average, the emergency treatment for an elderly person for injuries resulting from a fall costs $11,000. A new the
madreJ [45]

Answer: <em>Option (C) is correct.</em>

Explanation:

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This states that argument given in the comprehension has not taken in consideration cost for medicine which overall will increase cost. Thereby with an increase in cost the given statement will become untrue since the cost of surgery and medicine combined is higher than cost, in such a case treatment would be more economical. Therefore it undermines conclusion of argument.

8 0
3 years ago
Madison wants to open a restaurant and plans to employ a staff of about 10 people, including wait staff and cooks. what type of
Arada [10]
The fact that Madison wants to open a restaurant and plans to employ a staff of about 10 people, including wait staff and cooks means that Madison is planning to create a flat type of organization. The units and positions within the flat organization are flat distributed, which means there are <span>few or no levels of middle management between staff and executives.</span>
8 0
3 years ago
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