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bezimeni [28]
3 years ago
12

What is growth accounting? To what extent have increases in U.S. real GDP resulted from more labor inputs? From greater labor pr

oductivity? Rearrange the following contributors to the growth of productivity in order of their quantitative importance: economies of scale, quantity of capital, improved resource allocation, education and training, and technological advance.
Business
1 answer:
Diano4ka-milaya [45]3 years ago
3 0

The following contributors to the growth of productivity in order of their quantitative importance are rearranged:

quantity of capital,

economies of scale,

technological advance.

improved resource allocation,

education and training,

Explanation:

Growth accounting is used in economics as a process of measurement of contributions from different factors that result in economic growth. This is computed indirectly for the rate of technological progress which is measured as a residual in the economy.

Labor inputs have increased the GDP of USA manifold. The greater labor productivity means that the economy is more efficient , in the sense of being more productive which has a positive effect on the GDP.

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Classifying Costs as Materials, Labor, or Factory Overhead Indicate whether the following costs of Procter & Gamble, a maker
AfilCa [17]

Answer:

a. factory overhead cost

b. factory overhead cost

c. factory overhead cost

d. direct labor cost

e. direct materials cost

f. direct labor cost

g. factory overhead cost

h. direct materials cost

i.  direct materials cost

j. factory overhead cost

Explanation:

Direct Material Costs and Direct Labor Costs are easily traceable to the cost object whilst its difficult to trace Factory Overhead Costs to the cost object.

8 0
3 years ago
Bailey Corp. has the following information: Beginning Inventory (Jan 1) Ending Inventory (Dec 31) Raw Materials Inventory $ 25,3
Amanda [17]

Answer:

See below

Explanation:

The cost of goods manufactured is computed as;

Beginning inventory

$25,300

Add ;

Raw materials purchases

$106,100

Cost of goods available for sale

$131,400

Less:

Ending inventory

$39,100

Cost of goods sold

$92,300

Add:

Beginning work in process

$24,100

Less:

Ending work in process

($26,600)

Cost of goods manufactured

$89,800

4 0
3 years ago
A bond with a $1,000 face value and an 8 percent annual coupon pays interest semiannually. The bond will mature in 15 years. The
Keith_Richards [23]

Answer:

$781.99

Explanation:

The price of the bond can be computed using excel pv function given below:

=-pv(rate,nper,pmt,fv)

rate is the semiannual yield to maturity i.e11%*6/12=5.5%

nper is the number of semiannual coupons the bond would i.e 30 semiannual coupons in 15 years

pmt is the amount of semiannual coupon=$1000*8%*6/12=$40

fv is the face value of $1000

=-pv(5.5%,30,40,1000)=$781.99  

7 0
3 years ago
Susan's paycheck this month says her gross pay was $400 and net pay was $350. What's the best explanation for why those two numb
charle [14.2K]
Divid 400 divid by 359
6 0
3 years ago
Read 2 more answers
Your company has completed an audience analysis for the manual you are writing for users of a new accounting system. The manual
tresset_1 [31]

Answer:

A

Explanation:

For an accounting manual, if your audience has different background of education then you need to keep different section for different audience. The thing is, if you write it for highest level then bookkeepers will have difficulty in understanding it. If you write for lower level, then it will be useless for higher level of audience.

So the manual should include different section for different audience.  

7 0
3 years ago
Read 2 more answers
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