3, 3.5, -2, 3.7, -1, 0, 2, -3, -2.7, -1.34
ANSWER: B) activities producing tangible products, such as radios, newspapers, buses, and textbooks
EXPLANATION: Goods production refers to the production of tangible articles from tangible raw materials as well as from intangible inputs such as ideas, knowledge and information, which will have a commercial value and will be beneficial for consumer use and exchange value. Such examples are Radios and Buses which are produced from tangible raw materials and Newspapers and Textbooks which are produced from Information and Knowledge gathered.
Answer:
Credit Cash for $5,000 on June 25.: Both methods
Credit Cash for $4,900 on June 25.: Neither method
Debit Discounts lost for $100 on June 25.: Net method
Debit Merchandise inventory for $5,000 for June 10.:Gross method
Explanation:
Based on the information given the required entries to record and pay for this purchase under both the GROSS METHOD and the NET METHOD by matching the action on the left with the method on the right will be :
Credit Cash for $5,000 on June 25.: BOTH METHODS
Credit Cash for $4,900 on June 25.: NEITHER METHOD
(100%-2%*$5,000)
Debit Discounts lost for $100 on June 25.: NET METHOD
(2%*$5,000)
Debit Merchandise inventory for $5,000 for June 10.:GROSS METHOD
Answer:
$133,000
Explanation:
We can find Pete's total contribution to GDP by adding up the following numbers:
$87,000 worth of pizzas - because finished goods are part of GDP
$39,000 paid to employees - because wages are part of GDP
$5,000 paid in taxes - taxes are part of GDP because they are government revenue
$2,000 of inventories at the end of year - end-of-year inventories are included in GDP
Therefore: $87,000 + $39,000 + $5,000 + $2,000 = $133,000
the $11,000 worth of ingredients are not included in GDP because GDP only accounts for finished goods and services.
Answer:
D. $ 367.500
Explanation:
We have to first compute the total direct labor cost. This is done by multiplying the estimated direct labor hours with the hourly rate.
Total Direct Labour costs $ 17.50 per hour * 15,000 hours = $ 262,500
Estimated manufacturing overhead per the data in the question is 140 % of Direct labor cost,
Estimated manufacturing overhead is $ 262,500 * 140 % = $ 367,500
