Answer:
Work In Process Account $150,000 (debit)
Overheads $150,000 (credit)
Explanation:
Overheads are included in Work In Process Account at their Applied Amounts .Thus a <em>Debit</em> in Work In Process Account and a <em>Credit</em> in Overheads Account is required for this entry.
Answer:
(B). Stand-alone risk
Explanation:
Stand-alone risk is the risk resulting from a single isolated project.
The <u>stand-alone risk varies inversely with the project's expected returns.</u>
When expected return of the project is high, the stand-alone risk is low and when the expected return is low, the stand-alone risk is high.
Answer:
The answer is: Primary data
Explanation:
Primary data is data collected by a company (or a research firm working for them) from first hand sources: e.g. surveys, interviews, polls, experiments.
The difference with secondary data is that it was collected specifically for the research project, which makes it more expensive also. While secondary is collected by someone else for another purpose or more general purposes like UN's or a university's research.
Solution :
GDP stand for Gross Domestic Product. It is the measure of a national production and income of a country. It is the total produce of any country's products and services in a financial year that will boast its economy.
According to the question, assigning to the category of GDP are :
1. When we buy a car : --- Consumption
2. When a new oven is bought by a bakery : --- investment
3. When we get a haircut done : -- Consumption
4. Town buys a new fire truck : --- Government purchase
5. When we buy a new pair shoe that is made in Thailand : --- Exports or Imports
6. A bridge build by the Federal Government : --- Government purchase
7. A MRI machine bought by a private hospital : --- Investment
8. When we stay in hotel that is in Italy : --- Imports or Exports
Bastion borrows from Federico to purchase a car. Federico has Bastion sign a piece of paper indicating his agreement to pay the amount owing to federico for the loan. This would be considered a promissory note.
<h3>What is the purpose of a promissory note?</h3>
A promissory note, whether between companies or between individuals, is a convenient way to clearly document a loan and have all the terms and conditions involved in writing so that there is no doubt as to the amount borrowed and the due date.
<h3>Promissory note:</h3>
A promissory note, sometimes called a promissory note, is an agreement by one party to pay the other party a specified amount at a fixed or determinable time in the future or at the request of the payee. A legal document that provides a written promise to under special conditions
Learn more about promissory note:
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