All categories

3 years ago

Gdp excludes most nonmarket transactions. therefore, gdp tends to

1 answer:

3 0

<span>It tends to underestimate the total production in the economy. The nonmarket transactions, such as when a person makes or does something for their own household's use without charging for it. Homemakers and other unpaid persons are also not covered in GDP figures.</span>

You might be interested in

Develop a product service idea.

Alex787 [66]

Answer:

Read the following explanation.

Explanation:

1a- My products idea is the auto-home temperature control system which will benefit the customers to control the temperature of their home in winter time. this product is both automatic means customer can control this system with remote and use of internet as well as manually by changing its settings.

b- The potential customers for this product are based on geographic segmentation in which customers who live in cold countries like Canada, America, Atlanta, Russia will be targeted.

another potential custome segmentation will be based on demographic in which customers who are professionals like doctors, lawyers, or job doers and having average to high income level will be targeted like income level from $50000-above $150000.

2-the three possible way to market my product are-

a-Use of google in which customers will type the name of my product and it will list on top because of SEO and i will rank my product on top list so that customers can click and read about my product on my website easily.

the pro of this that customers will get information easily and place order. this will help to build good image of my product being top at google list.

the con is that this may cost more to put my product on top of search engine list.

b- The use of social media like Fb post, instagram etc in which my product will get advantage of being marketed to wide range of audience at low cost. also there are billions of users on social media so we can reach to them in less time.

the con of this is that use of social media involves other big brands and products already so customers tend to ignore such ads.

c- the third would be use of TV commercials in which we would use celebrity influenece to market my products. the advantage of this is that Customers will be influneced by celebrity power and will order the product. Tv commercials will have customers who are ignored by social media.

the con of this is that this may cost extra to hire celebrity also customers who are to watch Tv shows or movies tend to skip ads.

4 0

4 years ago

On a survey of how students spend their time, one question asks, "Which of the following best describes your employment status?"

lesya692 [45]

Answer:

1. Mutual exclusivity

Explanation:

This researcher did not address the aspect of mutual exclusivity well enough as evidenced in options c and d in the coding above.

This is because option d says full time students. Option d is not mutually exclusive as a student can be a full time student and work part-time, and one can be a full time student and also be unemployed or employed full time

6 0

3 years ago

cost $24,000 with a six-year life and no salvage value. The company expects to sell the machine's output of 3,000 units evenly t

Vikentia [17]

Answer:

4 years

Explanation:

The computation of the payback period is shown below:

Payback period is

= Cost of a Machine ÷ Annual cash flow

where,

Cost of a machine = $24,000

And, the annual cash flow is

= Net Income + Depreciation expense

= $2,000 + $4,000

= $6,000

Now placing these values to the above formula

So, the payback period is

= $24,000 ÷ $6,000

= 4 years

7 0

3 years ago

Alain mire files a single tax return and has adjusted gross income of $304,000. his net investment income is $53,000. what is th

scoray [572]

Answer:

$2,014

Explanation:

Alain's net investment income tax is the lesser of 1) his net investment income ($53,000) or 2) his modified adjusted gross income less the threshold of $200,000 .

Therefore

$304,000 - $200,000 = $104,000

3.8%×$104,000= $3,952

($53,000 × 3.8% )= $2,014

The additional tax that alain will pay on his net investment income for the year is $2,014

4 0

4 years ago

Primera Company produces two products and uses a predetermined overhead rate to apply overhead. Primera currently applies overhe

pychu [463]

Answer:

Primera Company

1. Plantwide predetermined overhead rate:

= $1,536,000/768,000

= $2.00 per direct labor hour

Overhead assigned to each product:

Product 1 Product 2

Direct labor hours 480,000 147,200

Predetermined overhead

rate = $2 per direct labor hour

Total overhead = $960,000 $294,400

2. Predetermined departmental overhead rates:

Department 1:

Direct labor hours $2 ($1,536,000/768,000)

Department 2

Machine hours = $7.385 ($1,536,000/208,000)

Overhead assigned:

Product 1 = $960,000 (480,000 * $2)

Product 2 = $70,896 (9,600 * $7.385)

3. The applied overhead for the year:

Department 1 = $1,254,400 (627,200 * $2)

Department 2 = $1,512,448 (204,800 * $7.385)

Total = $2,766,848

Overapplied overhead for the firm = $1,134,848 ($2,766,848 - $1,632,000)

4. Debit Manufacturing overhead $1,134,848

Credit Cost of goods sold $1,134,848

To transfer the overapplied overhead to cost of goods sold.

Additional information needed if the variance is material is to determine the percentages to allocated to Work in process, Finished Goods, and Cost of Goods Sold.

Explanation:

a) Data and Calculations:

Estimates:

Department 1 Department 2 Total

Direct labor hours 640,000 128,000 768,000

Machine hours 16,000 192,000 208,000

Overhead cost $384,000 $1,152,000 $1,536,000

Actual results:

Department 1 Department 2 Total

Direct labor hours 627,200 134,400 761,600

Machine hours 17,600 204,800 222,400

Overhead cost $400,000 $1,232,000 $1,632,000

Product 1 Product 2 Total

Direct labor hours:

Department 1 480,000 147,200 627,200

Department 2 96,000 38,400 134,400

Machine hours:

Department 1 8,000 9,600 17,600

Department 2 24,800 180,000 204,800

3 0

3 years ago