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3 years ago

How much (if any) does each of the following transactions raise GDP?

Business

1 answer:

Yuri [45]3 years ago

8 0

Answer:

1. 0

2. $ 175,000

Total from the two events : $ 175,000

Explanation:

GDP in each year only increased if the goods or services are produced within that year. An old house was produced in the past year. The value of that house is already calculated and included in the past GDP. This is why selling an old house do not raise the GDP in the current year.

Buying a newly constructed house is increasing GDP since it's being produced within the year of GDP period.

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To be useful for decision making, information should possess the fundamental qualities of relevance and.

grigory [225]

To be useful for decision making, information must possess the fundamental qualities of relevance and reliability.

<h3 /><h3>What makes information relevant and reliable?</h3>

In a company, information is essential for decision making, significantly compromising the positioning of a business. In order to be relevant and reliable, the information must be based on organizational facts, such as accounting records, which demonstrate the real financial situation of the business, and allow decision-making more aligned with the company's needs.

Therefore, there is also an information system that assists in the processing of a large volume of data, the Decision Support Systems, which, being based on knowledge, are able to provide information based on standards and organizational objectives, being an important support to management decision making today.

Find out more about Information System here:

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6 0

2 years ago

In the month of March, Ivanhoe Salon services 550 clients at an average price of $150. During the month, fixed costs were $26,88

Fed [463]

Answer and Explanation:

The computation is shown below:

a. Total sales is

= 550 clients × $150

= $82,500

Variable costs is

= 60% of sales

= 60% × $82,500

= $49,500

Now

Contribution margin is

= total sales - variable costs

= $82,500 - $49,500

= $33,000

and, Contribution margin per unit is

= contribution margin ÷ total units

= $33,000 ÷ 550

= $60

And,

Contribution margin ratio is

= contribution margin ÷ total sales

= $33,000 ÷ $82,500

= 40%

3 0

3 years ago

Social Media, Inc. (SMI) has two services for users. Toot!, which connects tutors with students who are looking for tutoring ser

stealth61 [152]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Toot! TiX Total

Users 17,900 24,100 42,000

Administrative costs $ 1,848,000

<u>We need to allocate administrative costs to each product. First, we need to calculate the predetermined overhead rate:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 1,848,000/42,000

Predetermined manufacturing overhead rate= $44 per user

<u>Now, we allocate overhead:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Toot!= 44*17,900= 787,600

TiX= 44*24,100= 1,060,400

<u>Finally, the gross profit for each service:</u>

Toot!:

Revenue= 2,200,000

Engineering cost= (1,096,250)

Administrative cost= (787,600)

Profit= $316,150

TiX:

Revenues= 2,400,000

Engineering cost= (1,213,750)

Administrative cost= (1,060,400)

Profit= $125,850

5 0

3 years ago

A(n) ________ is an internet business model that provides an initial point of entry to the web along with specialized content an

tensa zangetsu [6.8K]

Answer:

Portal

found this answer on a site that helps me

3 0

2 years ago

A business produces 10 units of output. Its average variable cost (AVC) = $25, average fixed cost (AFC) = $5, and marginal cost

kramer

Answer: $30

Explanation:

Given that,

Average variable cost (AVC) = $25

Average fixed cost (AFC) = $5

Marginal cost (MC) = $30

Average total cost (ATC) = Average fixed cost (AFC) + Average variable cost (AVC)

= $5 + $25

= $30

Therefore, average total cost is the sum of average fixed cost and average variable cost. Alternatively, average total cost is calculated by dividing total cost to units of output produced.

6 0

3 years ago