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4 years ago

GDP would include all of the following except:

Business

1 answer:

algol134 years ago

3 0

Answer:

The correct answer is the option C: tips earned but not reported by a waitress at an upscale restaurant.

Explanation:

To begin with, the <em>Gross Domestic Product</em> or GDP comprehends in economic terms the monetary measure of the market value of all the final goods that an economy produces in a certain amount of time. Moreover, this measure is formed by different variables that are the consumption, investment, government spending and net exports. And in that scenario, all the of the cases presented will be included in the GDP of the economy except the tips that are not reported due to the fact that those earnings will figured as out of the circular flow of economy as it will represent a leak, a filtration of the system.

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The accounting manager of Gateway Inns has noted that every time the inn's average occupancy rate increases by 3.3 percent, the

Archy [21]

Answer: 26.15

Explanation: The degree of operating leverage is calculated as the percentage change in operating income in relation to a percentage change in sales.

Thus the degree of operating leverage of Gateway inn is calculated thus:

DOL = Cont Margin/Operating income

DOL = 47/(4.6-3.3)

DOL = 47/1.3

DOL= 26.15

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4 years ago

__________ involves the review and evaluation of the records and processes that are used to prepare the organization's financial

lyudmila [28]

Answer:

this is a Financial audit

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2 years ago

Exercise 4-9 Preparing closing entries and a post-closing trial balance LO P2, P3 The following adjusted trial balance contains

Aleksandr-060686 [28]

Answer:

Explanation:

The closing entries for the following accounts are shown below:

1. Service Revenue A/c Dr $44,000

To Income Summary $ 44,000

(Being revenue account closed)

2. Income Statement Dr $33,100

To Depreciation Expense of Equipment $3000

To Salaries Expense $22,000

To Insurance Expense $2,500

To Rent Expense $3,400

To Supplies Expense $2,200

(Being expenses accounts are closed)

3. Income summary A/c Dr $10900

To T. Cruz Capital A/c $10900

(Being the difference is credited to capital account)

4. T. Cruz, Capital A/c Dr $7,000

To T. Cruz, Withdrawals A/c $7,000

(Being withdrawal account is being closed)

The preparation of the trial balance is presented in the spreadsheet. Kindly find the attachment below:

7 0

4 years ago

The demand for the services of trish's computer services has increased. trish employs several workers who diagnose and fix clien

MArishka [77]

Answer:

1) what will happen to the mrp and wages of trish's workers?

the marginal revenue product (MRP) is defined as the additional revenue generated by employing one extra unit of labor. In this case, the MRP will exceed the wages paid by Trish, generating economic rent or above average returns.

2) the wage rate is w2; the old wage was w1. what is the economic rent trish's workers now earn?

If Trish raises her employees' wages due to the increasing in price, then her employees will be earning economic rent = w2 - w1. This means that their wage is higher than the usual wage that would be paid for doing that job.

3) define economic rent.

Economic rent is defined as the additional profit generated by a business that exceeds its opportunity cost.

Economic rent = marginal revenue product – opportunity cost

The opportunity cost is the extra costs or benefits lost from choosing one activity or investment over another alternative.

In this case, Trish is earning an economic rent with her business because her earnings are higher than any other earnings that she could make by investing in something else.

4) what factors affect the elasticity of supply of the labor supply curve that trish faces as she hires workers?

The elasticity of the labor supply curve shows how much a 1% change in wages affect the quantity of labor supply (in % also).

In this case, the factors affecting the labor supply would be the substitution effect and the income effect of a rise in wages. Both factors are opposite, and in this case I would believe that the substitution effect would be greater.

The substitution effect means that workers will start working more because they are paid a higher wage. they will be willing to give up leisure time in order to work more hours and earn a higher salary.
The income effect means that workers will start working less hours due to higher wages per hour.

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4 years ago

Calculate the presentvalue of $5,000 received five years from today if your investments pay a. 6 percent compounded annually b.

Goryan [66]

Answer: 3736.30 , 3402.90 , 3104.60 , 3069.56 , 3051.35

Explanation: We can compute present values by using the following formula :-

$=\:present\:value\:=\frac{future value}{\left ( 1+interest\:rate\right )^{no. of periods}}$