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cricket20 [7]
3 years ago
14

Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production

for that nation. Which of the following activities are either not accounted for or are measured inaccurately in calculations of GDP for the United States? Check all that apply. The costs of overfishing and other overly intensive uses of resources The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government Funds spent by city governments to renovate their buildings A car that is made in Canada, and sold in the United States The quality of goods available to consumers
Business
1 answer:
dezoksy [38]3 years ago
7 0

Explanation:

GDP formula is :  

GDP= Consumption (C)+ Investment (I)+ Government expenditure (G)+ Net exports (exports-imports)  

1.The costs of overfishing and other overly intensive uses of resources  

It is not accounted because GDP only measures the market value of goods and services produced. The cost of overfishing does not fit in any GDP account.  

2. The value of babysitting services, when the babysitter is paid in cash and the transaction isn´t reported

Reported cash services often sum in the consume account but if there is no record it is not accounted in the GDP calculation.

3.  Funds spent by city governments to renovate their buildings

It is accounted in the GDP calculation as a government expense (G)

4. A car that is made in Canada, and sold in the United States

It is accounted because it is consumed in the United States. This should be included in the imports account.

5. The quality of goods available to consumers.  

The quality is measured in some way because prices reveal at some level the good or service quality. But it is not an accurate measure because there are some goods and services which quality is not represented in their price.

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The income statement for Splish Traveler Company shows cost of goods sold $307,000 and operating expenses (exclusive of deprecia
enyata [817]

Answer:

a. $349,700

b. $209,900

Explanation:

The computation is shown below:

Before computing the cash payment made to supplier first we have to find out the purchase amount which is shown below:

(a) Change in Finished goods + purchase = Cost of goods sold

-$25,800 + purchases = $307,000

So, the purchase is $332,800

Now

Cash paid to supplier is

= $332,800 + $16,900

= $349,700

And,

(b) Cash paid for operating expenses is

= $229,000 - $8,000 - $11,100

= $209,900

5 0
3 years ago
The predetermined overhead rate for manufacturing overhead for 2020 is $4.00 per direct labor hour. Employees are expected to ea
timofeeve [1]

Answer:

$60,000

Explanation:

The computation of the estimated manufacturing overhead is shown below:

Estimated manufacturing overhead = Direct labor hours × predetermined overhead rate

where,

Direct labor hours = Total Direct labor cost ÷ Cost per hour

                              = ($100,000 × 75%) ÷ ($5)

                              = 15,000 direct labor hours

Now the estimated manufacturing overhead equal to

= 15,000 direct labor hours × $4

= $60,000

3 0
3 years ago
Which of the following statements is false? A. Healing is one characteristic of a servant leader. B. Servant leaders place the g
irga5000 [103]

D is the correct answer.

Servant leaders can't lead if subordinates are not open to being guided.

Please vote my answer brainliest. thanks!

6 0
3 years ago
Superior has provided the following information for its recent year of operation: The common stock account balance at the beginn
yKpoI14uk [10]

Answer: $22000

Explanation:

The amount of Superior's dividend declarations during its recent year of operation will be calculated thus:

Ending retained earnings ($91000) = Beginning retained earnings ($75000) + Net income ($38000) - Dividend declared

$91000 = $113000 - Dividend declared

Dividend declared = $113000 - $91000

Dividend declared = $22000

Therefore, Superior's dividend declarations during its recent year of operation is $22000

7 0
2 years ago
The Borio Company had an asset with an $8 book value and a $7 market value; it decided to distribute the asset as a property div
ankoles [38]

Answer:

The net income will decrease and also the total assets will also decrease

Explanation:

Here, we want to know the combined effect on net income and total assets of company that made a decision of distributing assets as a property dividend.

As the asset value is down the entry is asset (credit) and loss on asset (debit)

This will effect the net income as it will come down and total assets value also come down

7 0
3 years ago
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