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natka813 [3]
2 years ago
7

If an economy produced 220 pounds of jelly beans at $5 per pound and 90 pounds of gum drops at $2 per pound in 2016, its real gr

oss domestic product (gdp) was?
Business
1 answer:
quester [9]2 years ago
4 0

Its real GDP will be $1280.

According to the data provided here, we have that;

Production of 220 pounds of jelly beans at $5 means = 220 x 5 = $1100

While the 90 pounds of gum drops at $2 = 90 x 2 = $180

As production is an investment (I) so,

real GDP = $1100 + $180 = $1280

Hence, the real GDP of the production of two consumer goods ( Commodities ) is $1280.

When the production after completion goes to the market and after selling they generate revenue and the investment and profit come back which actually calculates the real GDP of an economy.

For more queries and questions like real GDP kindly visit the link below:

brainly.com/question/6138844?referrer=searchResults

#SPJ4

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Match each feature with the savings account type.
Marysya12 [62]

<u>1. Basic savings account  </u>

-allows ATM withdrawals  

-allows money transfer  

A savings account is an interest bearing deposit account held at a bank or other monetary foundation that gives an unassuming loan fee. The budgetary organizations may constrain the quantity of withdrawals you can make from your investment account every month. They additionally may charge expenses except if you keep up a specific normal month to month balance in the record. In most cases banks don't give checks investment accounts.  


<u>2. CD </u>

-offers a higher interest rate  

-has a maturity date


A certificate of deposit is a consent to store cash for a settled period with a bank that will pay you premium. You can contribute for three months, a half year, one year or five years. You will get a higher loan fee for the more drawn out time duty. You guarantee to leave all the cash, in addition to the enthusiasm, with the bank for the whole term.  

Basically, you are loaning the bank your cash as an end-result of premium. The CD is a promissory note that the bank issues you.

8 0
3 years ago
Read 2 more answers
roxy decides that she wants to set a financial goal of saving for an emergency fund. write about some of the ways roxy could mak
Yuki888 [10]

The SMART goals fore Roxy will be illustrated as:

Specific: Roxy wants to start saving for an emergency fund.

Measurable - Roxy simply needs to measure the amount of money that she is getting every month and how much she uses for necessities.

Achievable- Roxy should think deeply whether she can keep up with and if it is doable. Can she contiously put money into the fund every time she gets paid?

Realistic- Roxy's goal is what she could need in the future, she needs to think if this goal is something she needs for the future. Is this something that is realistic for her to do?

Timely - The goal should be timely. This is important for the accomplishment of the goal.

<h3>What is SMART?</h3>

The acronym S.M.A.R.T. provides guidelines for setting goals and objectives for better results in project management, employee performance management, and personal development, among other areas. George T. Doran first coined the phrase in the Management Review issue from November 1981.

In this case, the SMART goals for Today have been explained above.

Learn more about SMART on:

brainly.com/question/8986181

#SPJ1

Creating a Personal Budget

The amount of money used for basic personal expenses such as housing, food, transportation, and taxes is called the cost of living. The cost of living for a city indicates how expensive or inexpensive it is to live there. Explore the cost of living for a few different cities.

Roxy is planning to move to Fort Lauderdale, Florida, and work as a nurse. She has one dog and no children. She uses public transportation and plans to rent an apartment when she moves. The new company she’ll work for pays employees bimonthly, which means twice a month. In this activity, you’ll help Roxy make a budget.

Part A

Roxy decides that she wants to set a financial goal of saving for an emergency fund. Write about some of the ways Roxy could make her financial goal a SMART goal.

Remember, a smart goal adheres to the SMART acronym:

Specific

Measurable

Achievable

Realistic

Timely

3 0
2 years ago
Advice from most financial advisers states to spend no more than 28% of one's gross monthly income for one's mortgage payment, a
Lena [83]

Answer and Explanation:

The computation is shown below:

a. For the maximum amount that spend each month on mortgage payment is

= Gross annual income ÷ total number of months in a year × mortgage payment percentage

= $39,600 ÷ 12 months × 28%

= $924

b. . For the maximum amount that spend each month on total credit obligatons

= Gross annual income ÷ total number of months in a year × mortgage payment percentage

= $39,600 ÷ 12 months × 36%

= $1,188

c. Now the maximum amount spend for all other debt is

For monthly mortgage

= $924 × 70%

= $646.8

And, for mortgage debt

= $1,188 × 70%

= $831.60

4 0
3 years ago
Charlie’s Furniture Store has been in business for several years. The firm's owners have described the store as a "high-price, h
wolverine [178]

Answer:

a. Calculate current sales and ROI for Charlie’s Furniture Store.

asset turnover formula = net sales / average assets

0.4 = net sales / $800,000

net sales = $320,000

ROI = net income / investment

net income = $320,000 x 34% = $108,800

ROI = $108,800 / $800,000 = 13.6%

b. Assuming that the new strategy would reduce margin to 20%, and assuming that average total assets would stay the same, calculate the sales that would be required to have the same ROI as Charlie’s currently earns.

net income = net sales x 20% (new margin)

net sales = $108,800 / 20% = $544,000

c. Suppose you presented the results of your analysis in parts a and b of this problem to Charlie, and he replied, "What are you telling me? If I reduce my prices as planned, then I have to practically double my sales volume to earn the same return?" Given the results of your analysis, what is the actual amount of increase in sales required?

sales increase = ($544,000 - $320,000) / $320,000 = 70% increase

d. Now suppose Charlie says, "You know, I'm not convinced that lowering prices is my only option in staying competitive. What if I were to increase my marketing effort? I'm thinking about kicking off a new advertising campaign after conducting more extensive market research to better identify who my target customer groups are." In general, explain to Charlie what the likely impact of a successful strategy of this nature would be on margin, turnover, and ROI.

An extensive market research and a "successful" marketing campaign are generally expensive. Even if the marketing campaign is really successful in increasing sales, costs would also increase. So the equation may or may not change, depending if the contribution margin of the additional units sold will be able to cover the expenses of a complex marketing campaign. If you spend $100 to earn $100 more, your situation hasn't changed at all. Which means that net income may or may not increase, therefore, the profit margin, ROI and asset turnover may not change.

7 0
3 years ago
BuyCostumes.com is the fastest growing Internet apparel company. Since their founding in 1999 they have experienced the challeng
spin [16.1K]

Answer:

1. The correct answer is option (G) Company history, industry trends, economic forecast.

(2) The correct answer is option (B) Pop culture trends

Explanation:

Forecasting sales is an important strategy to any business organisation. It opens them up to opportunities in the market. Forecasting is done in order to increase sales  of company's products ans also to develop a business. During forecasting, the history of the company is very important since it makes customers to be easily convince.

6 0
3 years ago
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