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vovangra [49]
3 years ago
14

Suppose a country has government expenditures of $3,500, taxes of $2,200, consumption of $9,000, exports of $2,500, imports of $

2,700, transfer payments of $750, capital depreciation of $800, and investment of $3,000. GDP equals
A. $24,450
B. $11,550
C. $15,300
D. $20,700
Business
1 answer:
TiliK225 [7]3 years ago
8 0

Answer:

The correct option is C ,$15,300

Explanation:

GDP is a short form of Gross Domestic Product which is an indicator of total goods produced in an economy in a period of one year.

Using the expenditure method,GDP van be computed using the below formula:

GDP=C+I+G+(X-M)

C is the consumption in the economy which is $9000

I is the level of investment at $3,000

G is the government expenditure of $3,500

X is the export of $2,500

M is the import of $2,700

GDP=$9000+$3000+$3500+($2500-$2700)

GDP=$15,300

Hence the GDP is $15,300

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Answer:

the earning per common share is $3.83 per share

Explanation:

The computation of the earning per common share is shown below

= Net income ÷ weighted number of outstanding shares

= $1,143,000 ÷ (298,000 shares)

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We simply divided the net income from the  weighted number of outstanding shares so that the earning per share could be determined

hence, the earning per common share is $3.83 per share

5 0
3 years ago
A company with excess capacity must decide between scrapping or reworking units that do not pass inspection. The company has 13,
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Answer:

Incremental income for Sale as scrap  is $36,400 and Rework is $46,200

Explanation:

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Sales of reworked units (13000*8.2)                                  $106,000

Sales of scrap units (13000*2.8)            $36,400

Cost to rework units (13000*4.6)                                         ($59,800)

Opportunity cost of not making new units

Incremental income (loss)                      $36,400              $46,200

6 0
2 years ago
Sunland Company began operations in July 2019. At the end of the month, the company prepares monthly financial statements. It ha
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Answer:

July 31, 2019

Dr Salaries and Wages Expense $1,800

Cr Salaries and Wages Payable $1,800

Dr Interest Expense 320

Cr Interested Payable 320

Dr Accounts Receivable $2,600

Cr Service Revenue $2,600

Explanation:

Preparation of the adjusting entries needed at July 31, 2019

July 31, 2019

Dr Salaries and Wages Expense $1,800

Cr Salaries and Wages Payable $1,800

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Answer:

Explanation:

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The federal government realize mostly on revenue from?
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The federal government realize most of their growth from income taxes.

-- Sales tax are collected by states and local municipalities.

-- Property taxes also go to local municipalities.

-- The account owner benefits from interest in savings accounts.

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