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goldfiish [28.3K]
3 years ago
15

Why should people care about the amount of production that takes place within the economy

Business
1 answer:
kodGreya [7K]3 years ago
4 0
Because of the law of supply and demand. If the economy needs more things to be produced and you can't produce them, then that's bad for the economy, and if you're producing way more than what can be sold then that's bad for the economy too. Being efficient is great for the economy and the GDP.
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If accounting information is to be useful, it must be expressed in terms of​
Novay_Z [31]

Answer:

accounting information?

3 0
2 years ago
Fragment Company is a wholesaler that sells merchandise in large quantities. Its catalog indicates a list price of $300 per unit
iren2701 [21]

Answer:

Recognized Sales Value = $18,000

Explanation:

Fragment company selling Price is $300/Unit

40% trade discount is offered for purchases of 50 units and more. That is, $300 x 40% = $120.

This implies anyone buying 50 or more will pay only $180/Unit ($300 - $120)

Customer Purchased 100 units

Sales terms is FOB, which implies Fragment is responsible for transportation costs of the products from his warehouse to the Port of Shipment including loading onto the ship. The Buyer will be responsible for Marine Freight expense, Insurance, Off-loading and shipment to his own warehouse

The $7 Per Unit indicated will account for inland transport to Port of shipment

Recognized Sales  =  100 units x $180 = $18,000

Cost of Haulage (Carriage outwards) is $7 x 100 units = $700

4 0
3 years ago
Helga runs a website on which she sells houseplants. She also earns through pay-per-click advertising that allows search engines
Romashka [77]

Answer:

Gardening gloves

Terracotta planters

Garden scissors

Watering cans

Explanation:

In the context, Helga owns and runs a online business. She has a website where she sells online houseplants. There are various houseplants available on her site from where people can buy it and get it delivered to their house.

She also makes earnings by the advertisement of various gardening products whose add runs on her sire and she earns through a pay per click basis. Some of the products that are likely to be advertised in her website are gardening gloves, garden scissors, terracotta planters, watering cans, manures and fertilizers,etc.

6 0
3 years ago
Danner Company expects to have a cash balance of $53,100 on January 1, 2020. Relevant monthly budget data for the first 2 months
Step2247 [10]

Answer:

Ending Cash Balance:

January = $32,450

February = $23,600

Loan Balance End of Month

January = $0

February = $7,080

Explanation:

Note: See the attached excel file for the cash budget for January and February.

In the attached excel file, the following calculation is made:

Additional loan in February = Minimum monthly cash balance - Preliminary cash balance in February = $23,600 - $16,520 = $7,080

From the attached excel file, we have:

Ending Cash Balance:

January = $32,450

February = $23,600

Loan Balance End of Month

January = $0

February = $7,080

Download xlsx
7 0
3 years ago
Miami Solar manufactures solar panels for industrial use. The company budgets production of 4,900 units (solar panels) in July a
Wewaii [24]

Answer:

Overhead budget:

Variable overhead= 274,400

Fixed overhead= 180,000

Total overhead= $454,400

Explanation:

Giving the following information:

Production= 4,900 units

Each unit requires 5 hours of direct labor at a rate of $16 per hour.

Variable factory overhead is budgeted to be 70% of direct labor cost

Fixed factory overhead is $180,000 per month.

First, we need to determine the direct labor cost:

Direct labor cost= (4,900*5)*16= $392,000

Now, we can calculate the overhead budget:

Overhead budget:

Variable overhead= (0.7*392,000)= 274,400

Fixed overhead= 180,000

Total overhead= $454,400

7 0
3 years ago
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