Answer: the correct option is D. Unrecorded sales.
Explanation: Unrecorded sales schemes are basically off-book transactions where the perpetrator understates sales by recording the sale of fewer items of merchandise than was actually sold.
Jason Herman has committed the scheme of unrecorded sales because he has removed all evidence of the transactions that took place after close of work. These transactions will not be recorded and the extra money made will go to Jason Herman.
The cost of repairs on the automobile is $1,437 when the preventative maintenance plan is $896, and the cost of replacing the battery and the starter is $98 and $443.
<h3>What is the meaning of repairs?</h3>
Repairs costs are incurred when the asset is replaced, destroyed, or depreciated after a certain period of time. They are the expenses for the company.
Given values:
Preventative maintenance plan: $896
Replacement cost of battery: $98
Replacement cost of starter: $443
Computation of repairs cost:
Therefore, the cost of repairs amounts to $1,437 on the automobile.
Learn more about the repairs in the related link:
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Answer:
The correct answer to the following question will be Option C.
Explanation:
- A Cost variance seems to be the gap and difference between the expected expenditures incurred as well as the projected regular expenditures at just the start of such a time frame.
- Such variances have been used by administrators to assess and monitor the progress including its supply chains, expenditures as well as other activities.
⇒ Cost variance = Actual cost - Standard cost
Some other available options have no connection with the given case. So choice C seems to be the perfect solution to that.
Answer:
a) GDP measures the market value of final goods and services produced within a country.
Explanation:
Gross Domestic Product{ GDP} is the total market value of all the finished goods produced within the boundaries of a country at a specific time. GDP takes into account all products and services regardless of who produces them, be it locals or foreigners. In short, GDP is a measure of all domestic productions.
Economist uses GDP as a scorecard of a country's economic status. They use it to determine the growth rate of an economy and its size.
Investors and business people will use GDP in the decision-making process. They will want to invest in industries or countries that are growing. A steady rise in GDP signifies that the economy is doing well and growing. A decrease in GDP will indicate a recession.
Answer:
d. government revenues equal government expenditures.
Explanation:
A balanced budget refers to a situation in which earnings are equal or greater than the expenses. Usually this term is used when talking about government budget and this is a budget that has no deficit and that it is possible than can have a surplus which helps to avoid leaving big debt for the future that can posses problems. According to this, a balanced budget is present when government revenues equal government expenditures.
