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2 years ago

The _____ adds up the market prices of final goods and services to calculate Gross Domestic Product (GDP).

Business

2 answers:

bogdanovich [222]2 years ago

6 0

Expenditure approach

Gelneren [198K]2 years ago

3 0

The expenditure approach adds up the market prices of final goods and services to calculate Gross Domestic Product (GDP). The expenditure method is the most widely used method when trying to estimate GDP. GDP stands for Gross Domestic Product which refers to the total value of goods and services that are provided in a country over the period of one year.

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Carmen is a member of a student taskforce that was asked to recommend solutions to the university's budget problem. when she not

9966 [12]

Answer: democratic leadership

Carmen stated a possible solution that was increasing tuition fee and then Carmen said that it should be considered. This means that she did not impose it that that is the only solution and that has to be done in any way, if she did then it would’ve been autocratic leadership.

Carmen left some room for discussion and this means it is a democratic approach in leadership.

8 0

3 years ago

Sufficient Dwelling Coverage? Colton Gentry of Lancaster, California, has owned his home for ten years. When he purchased it for

Shtirlitz [24]

Answer:

a. $17,978

b. $300,000

Explanation:

Conditions

The cotton country of lancaster, california has owned his home for ten years
purchased it for $178,000, cotton bought a $160,000 homeowner's insurance policy

the replacement cost of the home is now $300,000

a. hence,

the proportion of the house insured = $\frac{InsuranceAmount}{PriceOfThe Home} \times 100$ %

$= \frac{160000}{178000}\times 100$

= 89.89%

Percentage amount covered by the policy

= proportion of the house insured = 89.89%

Amount covered by the policy in dollars

= $20,000 × 89.89%

= $17,978

Amount of insurance on the home that cotton should now carry to be fully reimbursed for a fire loss = current value of the home

= $ 300,000

5 0

2 years ago

Pasadena Candle Inc. budgeted production of 730,000 candles for the January. Wax is required to produce a candle. Assume 11 ounc

Temka [501]

Answer:

696,325 Pounds

Explanation:

The computation of the direct material purchase budget is given below:

Here we assume that

one pound = 16 ounces

Now total wax needed is

= Production of Finished Goods × Pounds of wax needed for production

= 730,000 candles × 11 ÷ 16

= 501,875 pounds

Now

Total direct material purchased = (Total Wax needed + Ending Inventory, Jan.31 - opening inventory) × unit price

= (490,625 Pounds + 12,900 pounds - 17,400 pounds) × $1.40 per pound

= 696,325 Pounds

4 0

2 years ago

Timothy was tasked with creating the budget for the next fiscal year. He had to create a cost-profit analysis report of all the

Helga [31]

Obviously, Mr Timothy’s position within the company is Chief Financial officer

Chief Financial officer is the officer responsible for management of company's finances and top-level budgets.

So, as the Chief Financial officer, his responsibility includes:

creating the budget for a fiscal year
creating a cost-profit analysis report
identifying avenues for possible cost reduction in the budget

In conclusion, Mr Timothy’s position within the company is Chief Financial officer