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3 years ago

The _____________ approach to GDP follows the flows of income to each sector of the economy and concludes with the GDP..

Business

1 answer:

grandymaker [24]3 years ago

6 0

Answer:

D. None of the above

Explanation:

Gross Domestic Product (GDP) is the total monetary value of all the goods and services a country produces within a period of time.

There are various approaches to calculating GDP which include; the income approach, expenditure approach and output approach.

The income approach to calculating GDP considers income from all the factors of production (profits, interest, rental and labor incomes) in each sector of the economy to arrive at the National income of the country.

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Fast Turnstiles Co. is evaluating the extension of credit to a new group of customers. Although these customers will provide $41

k0ka [10]

Answer:

Follows are the solution to this question:

Explanation:

In point A-1:

Calculating the value of Incremental sales after tax:

Further revenues= $414,000

Recognize(Less)=Costs

Debt worth =$33,120

Set Exp. = $17,400

Production and commercialization cost= $314,640

Pre-sales tax =$48,840.

Lower: 35% tax = $17,094

Incremental tax income =$31,746

In point A-2:

Determine profits for extra expenditure

Extra spending on debts $= \frac{ \$ 414,000}{\$ 5}$

$= \$ 82,800.$

Return on the Expenditure $= \frac{\$ 31746}{ \$ 82800}$

$= 38.34 \%$

In point A-3:

Yeah, For the Fast Turnstiles company must provide certain consumers with loans.

In point B-1:

Incremental taxes after-tax calculation:

Further sales = $ 414,000

Return: Costs

gross debt= $45,540

Set Exp = $17,400

Cost for production and marketing = $314,640

Net profits=$ 36,420

Without tax 35% = $12,747

Incremental tax revenue= $23,673

In point B-2:

Determine profits for extra expenditure

Extra investment in debts $= \frac{ \$ 414,000 }{ \$ 5}$

$= \$ 82,800$

Incremental return on that investment $= \frac{\$ 23673}{\$ 82800}$

$= 28.59 \%$

In point B-3:

Yeah, The Fast Turnstiles company must provide to certain consumers to credit.

In point C-1:

The incremental tax revenue estimate

$414,000 = excess revenue

Remember Costs

Debt worth= $ 33,120

set Exp = $17,400

Production and commercialization cost= $314,640

Pre- sales tax = $48,840.

Less: 35% Tax = $17,094

Incremental tax income= $31,746

Calculate profits for extra expenditure

Extra Accounting Investment $= \frac{\$ 414000}{1.6}$

$= \$ 258750$

Incremental Return $= \frac{\$ 31,746} {\$ 258,750}$

$= 12.27 \%$

In point C-2:

Yeah, its credit should be granted to all these consumers through Fast Turnstiles company limited.

3 0

3 years ago

Management of Mcgibboney Corporation has asked your help as an intern in preparing some key reports for November. The beginning

harkovskaia [24]

Answer:

$87,000

Explanation:

Calculation of the conversion cost for November.

Conversion cost can be defined as the combination of both direct labor costs and manufacturing overhead costs that are vital to help convert raw materials into product.

Using this formula

Total Conversion cost = Direct labor cost + Manufacturing overhead cost

Hence,

Direct labor cost $25,000

Add Manufacturing overhead cost $62,000

Total Conversion cost $87,000

Therefore the conversion cost for November is $87,000

4 0

3 years ago

Use the high-low method to determine the hospital's cost equation using nursing hours as the cost driver. Predict total overhe

netineya [11]

Answer: Total cost (23500 hours predicted ) = $ 484625

Explanation:

The question is incomplete the high and low methods requires us to use high and low level of activity together with the corresponding total costs at each level to determine the variable cost per unit. we will provide assumed total costs and nursing hours in order to show how high and low method is used to predict total costs for the next period.

Assume the following were total costs and corresponding nursing hours for the previous 3 months

Total cost Hours

$560000 30000 hours

$400000 220000 hours

$225000 10000 hours

calculating Variable cost using high and low method

Variable cost per unit = (high cost - low cost)/high hour - low hours)

Variable Cost Per unit = (840000 - 225000)/ (30000 - 10000) = 16.75

Variable cost per unit = $ 16.75

Fixed costs = 560000 - (28000 x 16.75) = 560000 - 469000

Fixed costs = $91000

Total cost (23500 hours predicted ) =Total Fixed cost + Total Variable costs

Total cost (23500 hours predicted ) = $91000 + (23500 x $16.75)

Total cost (23500 hours predicted ) == $91000 + $393625

Total cost (23500 hours predicted ) = $ 484625

6 0

3 years ago

Fiwrt Corporation manufactures and sells stainless steel coffee mugs. Expected mug sales Fiwrt (in units) for the next three mon

olga55 [171]

Answer:

The number of mugs Fiwrt should plan on producing during the month of November is 35400 units of mugs.

Explanation:

Production unit (november) = Sale unit + Desired ending inventory-Beginning inventory

= 36000 + (34000*30%) - (36000*30%)

= 35400 Units

Therefore, The number of mugs Fiwrt should plan on producing during the month of November is 35400 units of mugs.

8 0

4 years ago

Choco Chocolata is a cookie company in Juarez, Mexico that produces and sells American-style chocolate chip cookies with extreme

lyudmila [28]

Answer:

(1) The total amount of product costs is $79,430.

(2) The total amount of period costs is $37,300.

Explanation:

Note: There are two requirements in this question as follows:

(1) What is the total amount of product costs?

(2) What is the total amount of period costs?

These two are answered as follows:

(1) What is the total amount of product costs?

Product cost can be described as the expenses that are incurred in order to produce a product. These types of expenses are charged to cost of goods sold and include direct materials, direct labor, factory overhead, and consumable production supplies.

Therefore, the total amount of product costs of Choco Chocolata can be calculated as follows:

Choco Chocolata

Computation of Total Product Costs

Details Amount ($)

Utilities for the bakery 2,100

Paper used in packaging product 180

Salaries and wages in the bakery 23,500

Cookie ingredients 43,500

Bakery labor fringe benefits 1,300

Bakery equipment maintenance 800

Depreciation of bakery plant and equipment 2,200

Uniforms for bakers 750

Insurance for the bakery 900

Boxes, bags, and cups used in the bakery 1,100

Overtime premiums 2,600

Idle Time 500

Total 79,430

Therefore, the total amount of product costs is $79,430.

(2) What is the total amount of period costs?

Period costs are costs that are related to passage of time but cannot not be charged to the cost of goods sold.

Therefore, the total amount of period costs of Choco Chocolata can be calculated as follows:

Choco Chocolata

Computation of Total Period Costs

Details Amount ($)

Administrative costs 2,300

Rent for administration offices 18,500

Advertising 3,500

Office Manager's salary 13,000

Total  37,300 

Therefore, the total amount of period costs is $37,300.

8 0

3 years ago