The government has various reasons for this. first of all, when the living standards are raised, the people will have more disposable income. this allows the people to start buying goods hence the demand will increase. when the demand increases, more tax may also be collected and more supply may be created...this creates jobs as well.
also, an increase in living standards will mean more happy people. this will increase their productivity hence production is increased which can increase amount of tax collected or even increase supply hence make goods cheaper overally.
last but not least, this will help in improving the health and nutrition of the people as less people will be sleeping hungry and less people will be falling sick. this will allow the government to reduce its spending on the health amenities so that money could be used somewhere else.
Answer:
Increase
Explanation:
Note: <u>The given answer is based upon the assumption that the inventory is sold at fair market value</u>.
In the given case, Hunter company would be termed as an "associate" since the quantum of investment of Gunter in Hunter is more than 20% but less than 50%.
Profits earned by Hunter also belong to the Hunter company in proportion to the percentage of investment held, which would comprise of it's cost of control or added to it's own income as per the case.
In the given case, the difference between fair value and book value reflects profit. Gunter's share in such profits shall be added to it's investment revenue which would increase it's investment revenue.
Answer:
Direct Labour Cost per Equivalent Unit = $0.17
Explanation:
Cost per Equivalent Unit = Total Cost / Total Equivalent Units
Total Direct Labor Cost = $24,000
Total Equivalent Units = 127,500 + 40,000 x 25% = 137,000
Cost per Equivalent Unit = $24,000 / 137,500 = $0.17
Remember:
In the weighted average method, the units in beginning inventory are treated as if they had no work done in them at all. They are included with all the other units completed in the period.
The purpose of this question is to:
1) Assess the personal values of the individual.
2) Assess the interviewee's command of language.
3) Assess if the interviewee is witty enough to answer the questions.
4) Assess if the interviewee is able to carry himself well to impress.
Hope this helps you.
The Allowance for Doubtful Accounts T-account will have the write-offs of specific customers sales discounts and allowances on the credit side.
<h3>What is
Doubtful Accounts?</h3>
It lowers the value of an asset—in this case, the accounts receivable—the allowance for dubious accounts is referred to as a "contra asset."
The allowance, also known as a bad debt reserve, is management's projection of the amount of accounts receivable that customers will not pay.
Thus, option B is correct.
For more details about Doubtful Accounts, click here:
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