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Bond [772]
4 years ago
12

Susan switches from going to Speedy Lube for an oil change to changing the oil in her car herself. Which of the following is cor

rect? The value of changing the oil is
a. included in GDP whether Susan pays Speedy Lube to change it or changes it herself.
b. included in GDP if Susan pays Speedy Lube to change it but not if she changes it herself.
c. included in GDP if Susan changes it herself, but not if she pays Speedy Lube to change it.
d. not included in GDP whether Susan pays Speedy lube to change it or she changes it herself.
Business
1 answer:
almond37 [142]4 years ago
4 0

Answer:

The correct answer is option b.

Explanation:

Changing oil is a service. Susan used to go to Speedy lube for changing the oil. She used to pay them in return for their service. This payment was included in GDP. But Susan switches from going to Speedy Lube for an oil change to changing the oil in her car herself.

When Susan is changing oil herself this will not be included in the GDP as she is doing it for herself and no one is paying her for it.

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Select the correct statement regarding the contribution margin ratio. Multiple Choice The contribution margin ratio equals contr
Art [367]

Answer:

The contribution margin ratio can be calculated using either total amounts or per unit amounts.

Explanation:

Contribution margin ratio = \frac{Contribution\:per\:unit}{Selling\:price\:per\:unit}

This can even be done by \frac{Total\:Contribution\:}{Total\:Sales}

This will calculate contribution as a percentage of Sales, with this margin ratio we get break even sales value, and not the units.

Whenever there is an increase in variable cost it decreases the contribution.

Therefore, correct statement is

The contribution margin ratio can be calculated using either total amounts or per unit amounts.

8 0
3 years ago
Sometimes you find yourself getting off-task because your boss keeps piling on the work, and you aren't sure what to prioritize.
Reptile [31]

Answer:

B. ask you boss which stuff takes priority and then make a list to remember.

Explanation:

8 0
3 years ago
What has carolines payment history been like?
evablogger [386]

Answer:

Explanation:

Does Caroline have any closed accounts How long does a closed account stay on a person's credit report?

Regardless of whether it's a loan or credit card, a closed account can still affect your score. According to Equifax, closed accounts with derogatory marks such as late or missed payments, collections and charge-offs will stay on your credit report for around seven years.

3 0
3 years ago
Yada Company manufactures luggage sets. Yada sells its luggage sets to department stores. Yada expects to sell 2 comma 000 lugga
Inessa05 [86]

Answer:

                                          JANUARY                       FEBRUARY

TOTAL SALES                     $410,000                       $430,500

Explanation:

for January

number of luggage set sold 2000

price for each set  = $205

sales for month January  = 205*2000 = $410,000

for February

number of luggage set sold 2100

price for each set  = $205

sales for month February  = 205*2100 = $430,500

                                          JANUARY                       FEBRUARY

TOTAL SALES                     $410,000                       $430,500

6 0
3 years ago
Using the fixed-order quantity model, which of the following is the total ordering cost of inventory given an annual demand of 3
Gennadij [26K]

Answer:

E) $2,400

Explanation:

optimal order quantity = sqrt{(2*D*S)/H}

                                     = sqrt{(2*36,000*$80)/$4}

                                     = $1,200

number of orders per year = $36,000/$1,200

                                             = $30

total ordering cost = $30*$80

                               = $2,400

Therefore, The total ordering cost of inventory is $2,400.

3 0
3 years ago
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