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3 years ago

One of the most significant problems facing governments with low GDP is that a low GDP often results in __________.

2 answers:

7 0

One of the most significant problems facing governments with low GDP is that a low GDP often results in less available tax revenue. If there is a low GDP, then the economy is classified as a weak economy. GDP stands for gross domestic product which shows the total value of goods or services provided in a country during one year. If this number is low, the economy didn't produce many items and have a high value in revenue.

riadik2000 [5.3K]3 years ago

4 0

B.
A low GDP means the economy is weak and this results in lower available tax revenue.

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Manufacturing uses normal costing for its job-costing system, which has two direct-cost categories (direct materials and dire

Anvisha [2.4K]

Answer:

Results are below.

Explanation:

Giving the following information:

Total manufacturing costs, $8,450,000

Manufacturing overhead allocated, $3,750,000 (allocated at a rate of 250% of direct manufacturing labor costs)

Work-in-process inventory on January 1, 2017, $390,000

Cost of finished goods manufactured, $8,020,000

First, we need to calculate the direct material and direct labor:

Direct labor= Manufacturing overhead allocated/2.5

Direct labor= 3,375,000 / 2.5

Direct labor= $1,350,000

Total manufacturing costs= Direct material + direct labor + allocated overhead

8,450,000= Direct material + 1,350,000 + 3,375,000

Direct material= $3,725,000

Finally, the ending work-in-process:

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

8,020,000= 390,000 + 8,450,000 - Ending WIP

Ending WIP= $820,000

3 0

3 years ago

how did the development of irrigation systems improve living conditions? it made people less dependent on trade. it made people

docker41 [41]

It gave people a surplus of food the development of irrigation systems improve living conditions.

<h3>What is irrigation systems?</h3>

The agricultural practice of applying measured amounts of water to land to help with crop production, as well as to develop landscape plants and lawns, where it may also be known as watering, is known as irrigation. Rain-fed agriculture is defined as agriculture that does not utilize irrigation and relies solely on direct rainfall. Over 5,000 years ago, irrigation became a crucial component of agriculture, and numerous cultures all over the world independently developed it.

In arid locations and during times of below-average rainfall, irrigation aids in the growth of agricultural crops, the preservation of landscapes, and the revegetation of disturbed soils. In addition to protecting crops from frost, inhibiting weed growth in grain fields, and avoiding soil compaction, irrigation is used in agricultural production in other ways as well.

To learn more about irrigation systems from the given link:

brainly.com/question/19268218

#SPJ4

3 0

2 years ago

If you are paid $15 per $100 sold, what is your type of payment?

ankoles [38]

I’m pretty sure the answer is a. commission

7 0

3 years ago

Read 2 more answers

Which of the following best explains why most people don’t consume units of goods to the point that their marginal utility falls

Oksana_A [137]

Explanation:

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5 1

3 years ago

Read 2 more answers

On January 1, 2021, Badger Inc. adopted the dollar-value LIFO method. The inventory cost on this date was $101,600. The ending i

Lyrx [107]

Answer:

a. An additional layer of $12,760 is added to the 12/31/2021 balance.

Explanation:

The computation of the inventory balance is given below:

2021 Base year cost is

= $131,040 ÷ 1.05

= $124,800

Additional layer is

= $124,800 - $101,600

= $23,200

2022 Base year cost is

= $150,040 ÷ 1.10

= $136,400

Additional layer is

= ($136,400 - $124,800 ) × 1.10

= $11,600 1.10

= $12,760

Therefore the first option is correct

3 0

3 years ago