N organization's hierarchy of authority refers to an organization's ____

Consider an economy with a corn producer, some consumers, and a government. In a given year, the corn producer grows 30 million

lys-0071 [83]

Answer:

a. GDP using product approach

There are no intermediate goods inputs. Corn producer grows 30 million bushels of corn and each bushel of corn worth is $5.

GDP = 30 million * $5

GDP = $150 million

GDP using expenditure approach

i) Consumers buy 20 million bushels of corn

Consumption = 20 million * 5

Consumption (C) = $100 million

ii) Corn producer adds 5 million bushels to inventory

Investment = 5 million * $5

Investment (I) = $25 million

iii) Government buys 5 million bushels of corn

Government spending = 5 million * $5

Government spending (G) = $25 million

GDP = C + I + G

GDP = $100 + $25 + $25

GDP = $150 million

GDP using income approach

Profit income = $150 million - $60 million - $20 million

Profit income = $70 million

Government income = Taxes paid by the corn producer = $20 million

GDP = $60 million + $70 million + $20 million

GDP = $150 million

b. Private disposable income = GDP + Net factor payments + Government transfers + Interest on the government debt - Total taxes

Private disposable income = $150 million + 0 + $5 million + $10 million - $30 million

Private disposable income = $135 million

Private savings = Private disposable income - Consumption

Private savings = $135 million - $100 million

Private savings = $35 million

Government savings = Government tax income - Transfer payments - Interest on the government debt - Government spending

Government savings = $30 million - $5 million - $10 million - $5 million

Government savings = $10 million

National savings = Private savings + Government savings

National savings = $35 million + $10 million

National savings = $45 million

Government budget surplus = Government savings = $10 million

Government deficit = (-) $10 million

8 0

3 years ago

On Monday, the regular price of a widget was discounted by 25 percent. On Tuesday, the reduced price was discounted by 50 percen

Anvisha [2.4K]

Answer:

The Regular Price was $112.50

Explanation:

On Monday- Discounted -25% from original price

On Tuesday- Discounted -50% from the price from "Monday"

I am going to multiply

60 x 0.25 = $15

$15 was discounted from the original price so you should add it to 60

the price is 75 now. Next

We need to multiply 75 x 0.50 = $ 37.5

We do the same and add $37.5 to $75

Which equals = $112.5

The Regular Price was $112.50

Ask Me any questions in the comments so i can clarify myself.

Cheers!

3 0

3 years ago

Using the fixed-order quantity model, which of the following is the total ordering cost of inventory given an annual demand of 3

Gennadij [26K]

Answer:

E) $2,400

Explanation:

optimal order quantity = sqrt{(2*D*S)/H}

= sqrt{(2*36,000*$80)/$4}

= $1,200

number of orders per year = $36,000/$1,200

= $30

total ordering cost = $30*$80

= $2,400

Therefore, The total ordering cost of inventory is $2,400.

3 0

3 years ago

can produce two types of light fixtures, the indoors model and the outdoors model. if the total sales are expected to be 21,050

mars1129 [50]

Answer:

$1,000,000

Explanation:

The computation is shown below:

Particulars Indoors Model Outdoors Model Total

No of Units

(21,050 in ratio 2:3) 8,420 12,630 21,050

Sales 1,263,000 2,778,600 4,041,600

Less: Variable costs 168,400 505,200 673,600

Contribution margin 1,094,600 2,273,400 3,368,000

Less: Fixed costs

(2,160,000 + 208,000) 2,368,000

Operating Income 1,000,000

7 0

3 years ago

Mike, Matt, Brooke, and Kellie decide to go into business together. The form a limited partnership where Mike, Matt, and Brooke

Fed [463]

Answer:

$7,000

Explanation:

the partnership's net income = $160,000 - $100,000 - $24,000 - $28,000 = $8,000

since net income is divided equally among the 4 partners, then each partner is allocated $2,000

Kellie's capital account = $5,000 + $2,000 (her share of profits) = $7,000

if she withdraws more than $7,000, then she should report a gain in excess of basis

8 0

3 years ago

N organization's hierarchy of authority refers to an organization's _____.