It will not affect the current GDP at all. GDP is a measure of all <u>newly produced</u> goods and services during a year, so 2 years ago the TV's full value would have been included in the GDP, but the sale of the TV as a used good later on would not be counted.
Which buying method can save money but means you must have trust in the reliability of your supplier?
Just in time
Because you don't want to make a bad decision, or do something wrong
Answer:
I would recommend that they create technological products that allow the preservation of the environment, and the good use of resources.
Answer: More than
Explanation:
Inventory turnover will be calculated as:
= Cost of goods sold / Average Inventory
Average Inventory will be:
= (Beginning inventory + Ending inventory) / 2
= ($5000 + $12300)/2
= $17300/2
= $8650
Then, Inventory turnover will be:
= Cost of goods sold / Average Inventory
= $67000/$8650
= 7.74
The correct option is "More than 4"
