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3 years ago

The _____ adds up the market prices of final goods and services to calculate Gross Domestic Product (GDP).

2 answers:

7 0

The Expenditure Approach adds up the market prices of final goods and services to calculate Gross Domestic Product (GDP)

The Expenditure Approach includes consumption expenditures, investments expenditures, government expenditures and net exports.

The Expenditure Approach is one of the 3 ways to measure economic production. The other 2 are The Production Approach and The Income Approach.

Gnoma [55]3 years ago

3 0

Answer: its actually product approach.

Explanation:The product approach adds up the final goods and services, using their market prices.

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Which is a reason a person might decide not to purchase insurance

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3 years ago

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When you open a savings account, how much money do you need for the initial deposit? A: Usually, the minimum deposit is low or n

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4 years ago

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Beginning work in process was $125,000. Manufacturing costs added to production for the month were $835,000. There were $200,000

Nataly_w [17]

Answer:

c. $ 760,000

Explanation:

For computing the cost of goods manufactured, we have to use the formula which is shown below:

Cost of goods manufactured= Beginning work in process + manufacturing cost - ending work in process

= $125,000 + $835,000 - $200,000

= $760,000

Beginning work in process + manufacturing cost is called total work in process for a given period

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3 years ago

What is the change in net income if fixed cost of $20,000 can be avoided and Frannie could rent out the factory space no longer

Veseljchak [2.6K]

Answer:

Note <em>The full question is attached as picture below</em>

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1). Purchasing cost = 10,000* $18

Purchasing cost = $180,000

Making cost = Direct material + Direct labor + Variable overhead

Making cost = $65,000 + $55,000 + $30,000

Making cost = $150,000

Difference in cost (Per unit) = ($180,000-$150,000) / 10,000\

Difference in cost (Per unit) = $3

Change in net income = $180,000 - $150,000

Change in net income = $30,000 (Decrease)

2. Purchasing cost = 10,000*$18

Purchasing cost = $180,000

Making cost = Direct material + Direct labour + Variable overhead + Fixed overhead

Making cost = $65,000 + $55,000 + $30,000 + $20,000

Making cost = $170,000

Difference in cost (per unit) = ($180,000 - $170,000) / 10,000

Difference in cost (per unit) = $1

Change in net income (decrease) = $170,000 - $180,000

Change in net income (decrease) = $10,000

3. Purchasing cost = $180,000 - $20,000

Purchasing cost = $160,000

Making cost = Direct material + Direct labour + Variable overhead + Fixed overhead

Making cost = $65,000 + $55,000 + $30,000 + $20,000

Making cost = $170,000

Change in net income = $170,000 - $160,000

Change in net income = $10,000 (increase)

6 0

3 years ago

what is the annual operating cash flow (OCF) for a 10-year project that has annual sales of $520,000, its variable costs are 60%

Levart [38]

Answer:

$62, 000

Explanation:

Operating Cash Flow = Operating Income (revenue – cost of sales) + Depreciation

4 0

3 years ago