1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Elodia [21]
3 years ago
15

Assume that a butcher sells Cookout a quarter-pound of meat for $2 and that Cookout sells you a hamburger made from that meat fo

r $4. In this case, the value included in GDP from your purchase of the hamburger should be____________________
Business
1 answer:
jeka57 [31]3 years ago
7 0

Answer:

$4

Explanation:

Given that

Sale value of quarter-pound of meat = $2

And, the sale value that arises from the meat = $4

So, the value that included in the GDP i.e Gross domestic product is $4 as it reflects the final price of the hamburger rather than the value that is to be intermediate i.e $2 as it shows a quarter pound of meat

So, in the given case only $4 would be included in the GDP

You might be interested in
A stationery company plans to launch a new type of indelible ink pen. Advertising for the new product will be heavy and will cos
qaws [65]

Answer:

$4.8 million reduction

Explanation:

Given that

Cost to the company = $12 million

Expected to generate revenues next year = $280 million

Corporate tax rate = 40%

Based on the above information, the effect would be

The cost to the company is treated as an expense and therefore it is deducted from the revenue. Moreover, there is a reduction of $4.8 million i.e come from

= $12 million × 40%

= $4.8 million

This amount is shown reduction in taxes

7 0
3 years ago
Poodle Corporation was organized on January 3, 2018. The firm was authorized to issue 98,000 shares of $5 par common stock. Duri
DiKsa [7]

Answer:

$383,900

Explanation:

Calculation for the total Paid-in capital at the end of 2018

Total Paid-in capital=(39,000 shares of common stock *$5.80per share)+(19,000 shares of common stock * $8.30 per share)

Total Paid-in capital=$226,200+$157,700

Total Paid-in capital=$383,900

Therefore the total Paid-in capital at the end of 2018 is $383,900

4 0
2 years ago
Đặc điểm cơ bản của tài chính gián tiếp là gì
nevsk [136]

Answer:

I can't understand anything

8 0
3 years ago
How is a contingent liability reported if it is considered ""reasonably possible?""
viva [34]

This is because a loss would be recorded (debit) and liability established (credit) in advance of the settlement.

Responsibility is the responsibility of the individual or company and is usually the amount. Debts are settled over time by the transfer of economic interests, including money, goods, or services. The liabilities shown on the right side of the balance sheet include loans, liabilities, mortgages, income receivable, borrowings, guarantees, and accrued expenses.

Liability can be compared to assets. Debt is what you owe or owe. An asset is something you own or owe.

Main findings

Responsibility (generally) is something that owes someone else.

Liability may also mean legal or regulatory risk or obligation. In

accounting, companies compare liabilities to assets.

Current liabilities are short-term financial liabilities of companies that are due within a year or within the normal business cycle (such as accounts payable).

Long-term (long-term) liabilities are liabilities that are recorded on the balance sheet and are due within one year.

Learn more about Liability here: brainly.com/question/24534918

#SPJ4

3 0
2 years ago
The trial balance of Barger Company at the end of the accounting period, immediately prior to recording closing entries, showed
lesya692 [45]

Answer: $30,600

Explanation:

First calculate the earnings for the year.

Revenue is given. Expenses are also given and come out of revenue. Dividends also come out of revenue as well.

Retained Earnings for the year is therefore,

Retained Earnings for the year = Revenue - Expenses - Dividends

= 62,000 - 44,900 - 2,300

Retained Earnings for the year = $14,800

This figure should be added to the retained earnings of the previous period to find the total balance.

= 14,800 + 15,800

= $30,600

$30,600 is the closing Balance on Retained Earnings after closing entries.

8 0
2 years ago
Other questions:
  • Tailoring movies slightly to appeal to different markets, such as editing Iron Man 3 for China, best reflects which kind of inte
    14·1 answer
  • Darl is in charge of facilities management at his company. He also believes in helping the environment. He knows the company can
    15·1 answer
  • For a communication to be classified as advertising, which of the following essential criteria must be met?
    6·1 answer
  • In some countries it is customary to pay government officials to secure necessary business contracts and permits. American busin
    6·1 answer
  • If you want to be able to withdraw $100,000 per year forever beginning 20 years from now, how much will you have to have in your
    14·1 answer
  • Within the relevant range, if there is a change in volume then:__________A) Fixed and variable costs per unit will changeB) Fixe
    12·1 answer
  • in the market for widgets, the supply curve is the typical upward-sloping straight line, and the d curve is the typical downward
    8·1 answer
  • Potential entrepreneurs would be well advised to surround themselves with people who are smarter than they are.
    15·1 answer
  • What is generally one of the major differences between union and nonunion workers?
    15·1 answer
  • Summarize your results of the personality assessment and how you think these elements might help or hinder you as a leader.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!