Answer:
a. real GDP adjusts the value of goods for changes in the price level and nominal GDP does not.
Explanation:
The nominal GDP is calculated by using current prices without adjusting the inflation factor int the prices of goods that are accounted for in the total GDP value. On the other hand the real GDP is calculated by adjusting inflation int he pricesof the goods which included in total GDP value. So the correct option is a. real GDP adjusts the value of goods for changes in the price level and nominal GDP does not.
Answer:
Management skills is the answer
Answer:
cost of goods manufactured= $246,000
Explanation:
<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
cost of goods manufactured= 29,000 + 69,000 + 99,000 + 73,000 - 24,000
cost of goods manufactured= $246,000
To solve this problem, we
use the formula in calculating for the total variable cost (COGS):
Revenue - COGS - SG&A
= Pretax profits
where SG & A is calculated
as:
SG & A = (Contribution - Prextax income)
<span>SG & A = ($320,000 - $117,000)
SG & A= $275,000 </span>
Calculating for revenue
using the margin ratio:
Contribution margin/Revenue = Contribution Margin Ratio
Revenue = Contribution Margin/Contribution Margin Ratio
Revenue = $320,000/.20
Revenue = $1.6m
Going back to the 1st formula:
Revenue - COGS - SG&A = Pretax profits
1.6m - COGS - 275k = 117k
COGS = $1.6m - $117k - $275k
<span>COGS = $1.208 million</span>
Acceptance to employment and start of employment