Answer:
Explanation:
Expenditure made to reduce costs; Expenditure made to increase revenue; Expenditure which is justified on non-economic grounds.
Answer:
A. In government expenditures and imports.
Explanation:
We are informed about how The city of Ann Arbor Michigan buys a police car manufactured in Germany.
In the case of this transaction, it is included in GDP accounts in government expenditures and imports.
GDP which is known as Gross Domestic Product can be explained as the total market value of domestic finished goods/service that are been produced in a particular period in a country. The net export, as well as consumption and government expenditures and investment are taking into consideration in GDP. It should be noted that social security payment is not accounted with GDP
Answer:
The correct answer is B.
Explanation:
Giving the following information:
Purchases:
40 units at $100·
70 units at $80·
170 units at $60
Sales for the year totaled 270 units, leaving 10 units on hand at the end of the year.
First, we need to calculate the average purchase cost.
Average cost= (100*40 + 80*70 + 60*170)/280= $70.7
Now, we can calculate the value of ending inventory:
Inventory= $70.7*10= $707