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Arada [10]
3 years ago
12

The country of Meditor, a small country with a closed economy, uses the merit as its currency. Recent national income statistics

showed that it had GDP of $600 million merits, taxes of $150 million merits, a budget surplus of $40 billion merits, and investment of $100 billion merits. What were its consumption and government expenditures on goods and services?
Business
1 answer:
Pachacha [2.7K]3 years ago
7 0

Answer:

d. $390 million merits and $110 million merits

Explanation:

The computation of the consumption and the government expenditure is shown below:

As we know that

Budget Surplus = Taxes - government expenditure

$40  = $150 - government expenditure

So, the government expenditure is $110 million

In addition,

Gross domestic product = Consumption + investment + government expenditure + net exports

$600  = Consumption + $100 + $110  + $0

So, the consumption is

= $600  - $100  - $110

= $390 million

We simply applied the above formulas in order to find out the consumption and government expenditure

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Business revenue is
maria [59]

Answer:

The correct answer to the following question will be Option A (money collected through product sales).

Explanation:

  • Revenue seems to be the amount of money a business generally earns for a given time, including promotions as well as exemptions for finished merchandise.
  • Revenue is indeed the quantity of cash that always comes from the commercial operations of an organization. As throughout the price-to-sales measure, an equivalent to something like the price-to-earnings rate of return, which utilizes revenues in the divisor.

The other given choices are not related to the given circumstances. So that Option A would be the right answer.

7 0
3 years ago
Consider the following transactions: 1. The company uses supplies purchased in the previous period, $1,500. 2. The company pays
hodyreva [135]

Answer:

E. $1,500; $6,000

Explanation:

In accrual basis, expenses are recognized once it is incurred. In cash basis, expenses are only recorded when cash is paid. As such,

when company uses supplies purchased in the previous period, $1,500, no expense is recorded.

when the company pays cash for inventory, $6,000, an expense for $6,000 is recorded.

Therefore  the amount of accrual-basis expense is $1,500 while the amount of cash-basis expense is $6,000.

7 0
3 years ago
Because the company and the outsourcing vendor can become so tightly integrated, __________ the agreement can be very costly and
maria [59]

Because the company and the outsourcing vendor can become so tightly integrated <u>ending</u> the agreement can be very costly and risky.

A company is a legal entity formed by a group of individuals to conduct and operate a commercial or industrial business. A company may be organized in various ways for tax and financial liability purposes, depending on the corporate law of its jurisdiction.

The English word company comes from the old French term Compagnie (first mentioned in 1150), meaning 'society, friendship, intimacy. It comes from the Late Latin companion ("who eats bread with you"), first attested in Lex Salica.

Learn more about the company here: brainly.com/question/25297296

#SPJ4

7 0
2 years ago
How do you define marketing? What are the four foundations of marketing and how do they fit into your definition? Based on your
Elan Coil [88]

Explanation:

Marketing is profitably using the results of studying short term and long term needs of those who can pay for a one-time, or in most cases, a steady flow of service or product placement. In 2017 The New York Times described it as "the art of telling stories so enthralling that people lose track of their wallets.[1]

It is one of the primary components of business management and commerce.[2] Marketers can direct their product to other businesses (B2B marketing) or directly to consumers (B2C marketing).[3] Regardless of who is being marketed to, several factors apply, including the perspective the marketers will use. Known as market orientations, they determine how marketers will approach the planning stage of marketing.[4]

The marketing mix, which outlines the specifics of the product and how it will be sold,[5][6] is affected by the environment surrounding the product,[7] the results of marketing research and market research,[8][9] and the characteristics of the product's target market.[10] Once these factors are determined, marketers must then decide what methods will be used to promote the product,[3] including use of coupons and other price inducements.[11]

The term marketing, what is commonly known as attracting customers, incorporates knowledge gained by studying the management of exchange relationships[12][13] and is the business process of identifying, anticipating and satisfying customers' needs and wants.

7 0
4 years ago
The advantages of being an entrepreneur are _____. a. excitement, independence, and financial risk b. flexibility, independence,
Tatiana [17]

Answer:

the answer would be B

Explanation:

I took the test don't worry!

7 0
3 years ago
Read 2 more answers
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