3 years ago

Nominal gross domestic product is a poor measure of economic growth because

Business

1 answer:

Softa [21]3 years ago

8 0

The value will also change when there are changes in price, which do not only reflect the change in quantities

You might be interested in

Look at the table the utility of macaroni and cheese. carmen loves macaroni and cheese for thanksgiving. carmen's marginal utili

labwork [276]

<span>the marginal utility become negative at Sixth serving.
After consuming a same product for a number of times, our satisfaction of consuming the product will start to decrease (in this case, it because Carmen started to feel full and maybe nauseated due to the amount of Mac and cheese that she'd been consuming)</span>

5 0

3 years ago

Lacy's Linen Mart uses the average cost retail method to estimate inventories. Data for the first six months of 2021 include: be

faust18 [17]

Answer:

Best estimate for inventory =$70,764.85

Explanation:

The closing inventory value at retail

= (Opening inventory + Purchases - sales) all in retail prices

= $123,000 + $483,000 - 493,000.

= 113000

Closing inventory value at cost

=113,000 × (64,500 + 315,000)/(123,000 + $483,000)

=70,764.85

Best estimate for inventory =$70,764.85

4 0

3 years ago

The actual variable cost of goods sold for a product was $140 per unit, while the planned variable cost of goods sold was $136 p

kozerog [31]

Answer:

$326,400 is the variable cost quantity factor while $56,000 is the unit cost factor

Explanation:

The variable cost quantity factor is a measure of the difference between the planned and actual units multiplied by planned variable cost.

That is Variable Cost quantity factor = (planned units - actual units sold) x planned variable cost

= (14000-2400) - 14000) x $136

= (11600 - 14000) x $136

= -$326,400

Unit Cost factor = $(140 - 136) x 14000 units

=$56,000

3 0

3 years ago

Read 2 more answers

A movie production studio incurred the following costs related to its current movie: Purchased office supplies on account: $36,0

PilotLPTM [1.2K]

Answer:

S/n General Journal Debit Credit

a. Office supplies $36,000

Account payable $36,000

b. Work in process $22,509

Office supplies $22,509

c. Manufacturing overhead $7,550

Office supplies $7,550

d. Work in process $32,503,220

Wages payable $32,503,220

e. Manufacturing overhead $574,327

Wages payable $574,327

f. Manufacturing overhead $957,320

Utilities payable $957,320

g. Work in process $3,250,322

Manufacturing overhead $3,250,322

4 0

2 years ago

Tara has found a CTSO she’s interested in joining. How can Tara become a member of the CTSO? Tara can become a member of the CTS

ICE Princess25 [194]

membership fee. should be correct

3 0

3 years ago

Read 2 more answers