Answer:
The GDP in this economy is $6,230 billion.
Explanation:
The GDP can be calculated using the following formula:
Y = C + I + G + (X - M) ....................................... (1)
Where:
Y = GDP of the economy
C = Personal Consumption Expenditures = $4,500
I = Gross Private Domestic Investment = $800
G = Government Purchases = $950
X = Exports = $65
M = Imports = $85
Substituting the values into equation (1), we have:
Y = $4,500 + $800 + $950 + ($65 - $85)
Y = $6,250 - $20
Y = $6,230
Since the figures are in billions of dollars, the GDP in this economy is therefore $6,230 billion.
Answer:
The total product cost is $98,230
Explanation:
The product cost is that cost which is related to the manufacturing of a product
The computation of the total product cost is shown below:
= Direct labor + Metal to make the exterior shell of the washing machines + Electricity to run the machinery in the factory + Salary of the manager who oversees the manufacturing
= $20,906 + $50,181 + $18,939 + $8,204
= $98,230
So, this cost which are considered in the computation part is product cost and the rest cost are ignored.
Answer:
Charging Sales tax
Explanation:
Merchandising business is the kind of business, that buys or purchases the finished products and then resells them to the customers.
So, the merchandising business could act as a collection agency for the government through charging the sales tax. There is need to remit the government after collecting the tax and when it is done, the business will decrease the cash and the sales tax liability.
And it is the lability to the government until it is remitted by the business.
Answer:
dual mandate.
Explanation:
dual mandate -
It is the practice in which the elected officials serves in more than one elected or public position .
In Britain , this term is also referred to as double jobbing .
In some cases , the dual mandate is prohibited by the law , as in the case of the federal states , because the federal office holders are not allowed to hold state office .
Hence from the question information , the correct option is dual mandate .
Answer:
Businesses whether large or small are set up to make profits by satisfying customers' needs and a marketing plan helps achieve this goal.
Creating a marketing plan should therefore not depend on the size or age of the business.
Explanation:
Every business, whether large or small, has marketing goals and needs a marketing plan to help determine how it will use its available resources to best reach its customers.
With a marketing plan, a business can <em>identify its target market and competitors, determine how it wants to position its products to compete, and set marketing goals</em> that can be monitored and achieved.
Generally, <u>a marketing plan helps a business reduce costs and increase sales, thereby increasing profits. This is a major goal of organizations, whether large or small</u>.
