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3 years ago

Which phase defines gross domestic product (GDP)

1 answer:

OverLord2011 [107]3 years ago

7 0

The answer is letter b.
GDP is the total monetary value of all the finished goods and services produced in a country in a given period. It is usually calculated in an annual basis, but can be calculated quarterly-basis.

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North Side Wholesalers has sales of $948,000. The cost of goods sold is equal to 68 percent of sales. The firm has an average in

Masteriza [31]

Answer:

13 days

Explanation:

We are to calculate the days of inventory on hand.

Days of inventory on hand = number of days in a period/ inventory turnover

Inventory turnover = Cost of goods sold / average inventory

Cost of goods sold = 0.68 x $948,000 = $644,640

Inventory turnover = $644,640 / $23,000 = 28.027826

Days of inventory on hand = 365 / 28.027826 = 13.02 days

I hope my answer helps you

5 0

3 years ago

KonstantinChe [14]

Answer:

c is correct on

Explanation:

6 0

2 years ago

Read 2 more answers

A firm has a debt-to-equity ratio of .5 and a market-to-book ratio of 2. What is the ratio of the book value of debt to the mark

ahrayia [7]

Answer: 0.25

Explanation:

The The debt-to-equity ratio is calculated when the total liabilities of w company is divided a by the shareholder equity while the book-to-market ratio is used to know a company's value by comparing the book value of the company to its market value.

Since the firm has a debt-to-equity ratio of .5 and a market-to-book ratio of 2. The ratio of the book value of debt to the market value of equity will be:

= 0.5/2

= 0.25

5 0

3 years ago

A decrease in net taxes (select one):

icang [17]

Answer:

C, Raises aggregate expenditure by raising liable income, thereby increasing consumption.

Explanation:

Tax is a very important financial tool of any governmet to ensure its smooth running.

Tax can either be increased or decreased and each of these acts have their effects on the the counrty and on its people. For the purpose of this question, i will be sticking to tax decrease.

Tax decrease as the name implies is the reduction of taxes paid by individuals to the government from their taxable incomes.

When tax is reduced, there is a little more money for the people to spend and as such this affects the demand, consumption (of goods) as well as the gross domestic profit; GDP, of the country.

When the people have more money to spend, there is an increase in things they buy, wear, do, etc and so production in that country becomes high.

Tax decrease is most effective in a situations where there is high level of unemployment and slow paced economies.

cheers.

5 0

3 years ago

The balance sheet of Mister Ribs Restaurant reports current assets of $36,000 and current liabilities of $18,000. Calculate the

AveGali [126]

Answer:

Explanation:

The current ratio is a measure of a company's ability to pay its current liabilities as they mature. It is a liquidity ratio. The formula for calculating the current ratio is current assets divide by current liabilities.

i.e., the current ratio = current assets/ current liabilities

For Mr. ribs restaurant.

current ratio = $36,000/ $18000

current ratio = 2

Whether current ration will increase or decrease

a). paid cash $4500 for a new oven

current assets will decrease by $4500. new ratio will 31000/18000

which is 1.75. The oven is not a current asset.

The current ration will decrease

b). Received cash $4,500 as a contribution from an investor

Increases cash but does not affect liabilities since stocks are not debts. new ration $40,500/ $18000= 2.25.

Increases the current ratio

c). Borrowed $8,280 cash from a bank, issuing a note that must be repaid in three years.

Increased cash by $8250 and current liabilities by $2750($ 8,250/3)

New ratio = $44,250/20,750= 2.13.

Increases current ratio

d)Purchased $700 of napkins, paper cups, and other disposable supplies on account.

Reduces current assets (cash) by $700, disposable napkins, paper cups can not be classified as assets. The action does not affect liabilities since they were paid for in cash. new ratio =$ 35,300/ $18,000 = 1.96:

Reduces current ratio

3 0

3 years ago