Answer:
Explanation:
The chart below gives prices and output information for the country of Utopia. Use this information to calculate real and nominal GDP for both years. Use 2017 as the base year.
Year 2016 2017
Price Quantity Price Quantity
Ice Cream $7.00 600 $3.00 400
Blue Jeans $70.00 20 $20.00 90
Laptops $300.00 5 $300.00 5
2016 nominal GDP = $_(7 x 600) + (70 x 20) + (300 x 5)_ = $7,100
2017 nominal GDP = $_(3 x 400)+(20 x 90) + (300 x 5)_ = $4,500
2016 real GDP = $__(7100-4500)/ 4500)) / change in ice cream price of 50%+ change in blue jean price of (70-20/20) 250%_______
= 0.57/3 = 0.19% growth. Technically the economy was better in 2016 than in 2017.
2017 real GDP = will be same as nominal, hence no growth since this is the base year
Answer:
$71,240
Explanation:
The computation of the total gross margin under absorption costing is shown below:
As we know that
Gross Margin = Sales - Variable Manufacturing Cost - Fixed Manufacturing Overhead For Units Sold
Sales (2,740 units × $131) $358,940
Less Manufacturing Costs
Direct Materials (2,740 units × $44) $120,560
Direct Labor (2,740 units × $19) $52,060
Variable Manufacturing Overhead (2,740 units × $13) $35,620
Fixed Manufacturing Overhead ($85,260 ÷ 2,740 units ÷ 2,940 units) $79,460
Gross Margin $71,240
We simply applied the above formula
I believe your answer would be D.) A female accountant with a Master's degree in Business Administration.
.. And also, Why did u send me a friend request?
Answer:
$1.75
Explanation:
Earnings per share to be reported = Earnings per share of commo stock * (1 - 4%)
Earnings per share to be reported = $1.82 * 96%
Earnings per share to be reported = $1.7472
Earnings per share to be reported = $1.75
So, the 2019 earnings per share to be reported in the annual report for 2020 are $1.75.
I believe the answer to this question is : False
