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ICE Princess25 [194]
4 years ago
8

Janice has calculated the GDP for 2018 by using the total final goods and services times the 2018 prices of total goods and serv

ices. If Janice wishes to create a real value GDP value for 2018, what must she do? a. Janice must adjust the total value 2018 GDP for inflation. b. Janice must multiply the total value by the projected GDP for 2019. c. Janice must divide the total value of consumer goods by the exported goods values. d. Janice must only consider real goods and remove services from the calculation.
Business
1 answer:
zubka84 [21]4 years ago
5 0

Answer:

a. Janice must adjust the total value 2018 GDP for inflation.

Explanation:

Gross domestic product is defined as the amount of goods and services produced by a country in a particular period. It is a measure of economic growth of the country.

Real GDP is calculated from GDP by adjusting for inflation of deflation. Real GDP gives a more clear picture of the economy since it considers the reality of inflationary effect on prices.

For example when prices go up and GDP is used, it will seem the country is producing more. Which is a wrong assumption.

Real GDP give a more accurate insight into a countrie's productivity.

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Hache Corporation uses the weighted-average method in its process costing system. Data concerning the first processing departmen
Greeley [361]

Answer:

The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to: d) $21,797

Explanation:

Calculation of Equivalent Units of Production

<u>Materials </u>

Units transferred to the next department (5,800 × 100%) = 5,800

Units in ending Work In process (1,850 × 50%)                  =    925

Total Equivalent Units of Production for Materials             = 6,725

<u>Conversion</u>

Units transferred to the next department (5,800 × 100%)    = 5,800

Units in ending Work In process (1,850 × 20%)                     =    370

Total Equivalent Units of Production for Conversion Costs =  6,170

Calculation of Cost per Equivalent units of Production

Materials

Cost per equivalent unit = Total Material Cost ÷ Total Equivalent Units of Production for Materials

                                        = ($ 8,700 + $ 91,000) ÷ 6,725

                                        = $14.825

Cost per equivalent unit = Total Material Cost ÷ Total Equivalent Units of Production for Materials

                                        = ($ 8,500 + $ 126,300) ÷ 6,170

                                        = $21.848

Calculation of cost of ending work in process inventory

Materials ( 925 ×  $14.825)             =  $13,713.12

Conversion Cost ( 370 × $21.848)  =  $8,083.76

Total                                                 =  $21,796.88

Thus,

The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to: d) $21,797.

5 0
3 years ago
A firm has a net profit/pretax profit ratio of .6, a leverage ratio of 1.5, a pretax profit/EBIT of .7, an asset turnover ratio
Alenkinab [10]

Answer:

The answer is A.15.12%.

Explanation:

Please find the below for explanation and calculations:

We have EBIT = Pretax profit /0.7 = Net profit / (0.6 x 0.7) = 0.42 x Net Profit

=> Net profit / Sales = Profit margin =  0.42 x EBIT/ Sales = 0.42 x Return-on-sales = 2.52%;

Leverage ratio = Asset/ Equity = 1.5;

Sales / Asset = asset turn over ratio = 4;

Apply the Dupont model we have:

Return on Equity = Leverage ratio x Profit Margin x Leverage ratio = 2.52% x 1.5 x 4 = 15.12%.

Thus, the answer is A. 15.12%.

6 0
4 years ago
Why is it important to add images charts and graphs into reports? what is important to illustrate reports with visuals?
Maksim231197 [3]
Using visual aids in long reports, which shows a lot of numerical values seems a bit boring, which is why using graphs, charts or any other visual aids aids the audience, which will make it easier for them to review the content of the presentation at the same time, understanding it easily than reading long words and texts.
7 0
3 years ago
Read 2 more answers
Comparable balance sheets are presented below:
Crazy boy [7]

The example of how to Prepare a statement of cash flows using the indirect method is given in the image attached.

The others are:

  • Note that when the operating cash flow is aided by profitable operations, it may not be sustainable. e.g. operating cash gotten from an outsized reduction in accounts receivable cannot be kept or handled.

The major sources and uses of cash are:

  • Operating
  • Investing
  • Financing

Operations are being financed via the day to day normal operations that brings income. Example are  cash receipts from revenue and cash shared to pay for expenses.

The risks of a company going forward includes:

  • Fraud
  • employee misconduct
  • Misappropriations of funds, etc.

Learn more about cash flows  from

brainly.com/question/735261

#SPJ1

6 0
2 years ago
18. If you have $1,000 to deposit in a savings account for 1 year, which of the following should you choose: 8.75% compounded co
sladkih [1.3K]

Answer:

c) 9.5% compounded annually

Explanation:

effective rate for a)

e^{0.0875}=1+r\\

1.091442264 = 1+r

r = 0.09144= 9.14%

effective rate for b)

(1+0.09/4)^4 = 1+r_e

1.093083319 = 1+ re

re = 0.0931 = 9.31%

effective rate for c)

as it comounds annuity it is the effective rate already 9.5%

As we are capitalizing the interest we want the higher rate thus 9.5 percent compounding annually

7 0
4 years ago
Read 2 more answers
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