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3 years ago

Which of the following is excluded from calculations of GDP?

Business

1 answer:

Vinil7 [7]3 years ago

8 0

Answer: All of the above.

Explanation: None of the listed options would be included when calculating the gross domestic product of a country. This is so because gross domestic product only calculates the total value of commodities/services produced by a country during a fixed time frame.

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Below are transactions for Hurricane Company during 2021. a. On October 1, 2021, Hurricane lends $7,200 to another company. The

blondinia [14]

Answer:

ACCOUNT

interest expense 144 debit

interest payable 144 credit

rent expense 1200 debit

prepaid expense 1200 credit

unearned revenue 4600 debit

rent revenue 4600 credit

depreciation expense 3700 debit

acc dep machine 3700 credit

salaries expense 3200 debit

salaries payable 3200 credit

supplies expense 2600 debit

supplies 2600 credit

Explanation:

Interest is calculate doing:

principal x rate x time

7,200 x 0.08 x 3/12 = 144

rent

1,800 for 3 months there is 2 expired 1,800 x 2/3 = 1,200

earned revenue on rent

11,040 x 5 monhts / 12 = 4,600

supplies:

beginning + purchase - ending = consumed supplies

600 + 3,700 - 1,700 = 2,600

6 0

3 years ago

a procyclical fiscal policy, like those of many state and local governments in the united states, tends to worsen recessions or

natima [27]

Procyclical fiscal policies, like those of many US state and local governments, have the tendency to make recessions or inflation worse.

In order to affect economic conditions, particularly macroeconomic recessions conditions, fiscal policy refers to the use of government spending and fiscal policies tax policies. These include employment, the total demand for goods and services, inflation, and economic expansion.

In order to boost demand and stimulate the economy during a recession, the government may reduce tax rates or increase spending. As an fiscal policies alternative, it might increase rates or reduce spending to slow down the economy and fight inflation.

Comparing fiscal policy to monetary policy, which is implemented by recessions central bankers rather than elected government officials, is common practice.

Learn more about fiscal policies here

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4 0

1 year ago

The total overhead variance is the difference between actual overhead costs and budgeted overhead costs. True False

disa [49]

The difference between the realized overheads and the estimated overheads is the total overhead cost.

<h3>What are total overhead costs?</h3>

Total overhead costs are identified as the costs related to administration, sales, marketing, and production. Before the total overhead costs are realized, a budget regarding estimated costs is prepared.

The calculation of the total overhead costs is actual overhead costs less the budgeted overhead costs.

Hence, the aforementioned statement regarding total overhead costs holds true.

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6 0

2 years ago

Pacific Ink had beginning work-in-process inventory of $762,960 on October 1. Of this amount, $313,920 was the cost of direct ma

BartSMP [9]

Answer:

Cost of goods transferred =$6,388,147.07

Cost of ending inventory=$1,068,478.93

Explanation:

Equivalent unit of material = (120,000× 100%)+(39,000×75%)=149250

Cost per unit of material = Total cost /Total equivalent unit

=(313,920 +2,956,500)/149250 =21.912

Cost per conversion cost

Equivalent unit of conversion cost

= (120,000 × 100%) + ((39,000×35%)= 133,650

Cost per unit of conversion cost

= ($3,737,220 + $449,040)/133,650 = 31.322

Cost of goods transferred = 120,000× (21.912 + 31.322)= 6,388,147.07

Cost of Inventory = (75%*39,000×21.912)+(35%× 39,000×31.322)

= 1,068,478.93

Cost of goods transferred =$6,388,147.07

Cost of ending inventory=$1,068,478.93

3 0

3 years ago

Winds sweep the sea floor of the Arial sea and blow dust, salt and particles hundreds of miles

ivolga24 [154]

Answer:

yes, what else do you want to tell me

5 0

3 years ago