Answer:
B. The difference between sales revenues and the costs associated with those sales
Explanation:
The amount of profit made by the company after deducting the total costs which have been incurred in the making and the selling of the product is said to be gross profit. The gross profit is calculated by subtracting the amount of revenue and the cost of the goods sold. Fixed cost is not included in the gross profit. It includes only variable costs.
Answer:
a. Imports
b.Exports or Consumption
c. Consumption
d. Government Spending
e. Consumption.
Explanation:
a. if Gilberto buys Italian wine in the US that is part of consumption spending because the store that Gilberto buys from already imported the wine from Italy and paid all the costs that go with it but if Gilberto orders the wine from Italy that will be part of imports because the wine will have to be imported then have all those importing costs on it.
b. Juanitas father will be exporting the syrup if its from the US even though he might buy it online as he lives in Sweden .
c. Juanita will be part of consumption spending for goods and services as this will be part of the US GDP consumption spending.
d. This is part of government purchases as the government will spend on everything that includes repaving the high way.
e. Consumption spending because they are manufactured in the US and they are in the US therefore its part of the US purchases of goods and services.
The advantage of reinstating a policy than applying for a
new one is that a reinstated policy in a policy premium are being set
accordingly in which is usually based on the original age of the insured than.
This is the advantage of it when reinstating than applying for a new one.
Answer: $332,540
Explanation: find attached my solution in the document below.
NB : note that the Insurance after equipment placed in service and Insurance for the first year of operations was not added because these are to be termed expenses to be deducted in the P & L account.
