Answer:
The answer is <u>$3 500 000</u>
Explanation:
The above transactions affect the Consumption component in GDP.
Citrus Grower's contribution to GDP = $3 million + $500,000= <u>$3 500 000</u>
$1 million worth of oranges grown was not included because the amount was the estimated value of oranges and not actual value of oranges consumed.
Answer:
$80,544
Explanation:
We will calculate the amount of cost of goods sold using FIFO as;
= (Beginning inventory unit × Cost of each inventory) + [(Units sold during the month - Beginning inventory units) × Unit cost of the first purchases made by the company]
= (488 × $65) + [(1,206 units - 488 units) × $68]
= $31,720 + $48,824
= $80,544
Therefore, the cost of goods sold using FIFO is $80,544
Answer: Intrapreneurs
W.l. Gore is developing Intrapreneurs within the company. They train their employees to become Intrapreneurs by assigning them to work on a special idea or project within the company, and they are instructed to develop the project like an entrepreneur would. They are allowed to devote 10% of their time at work and the company even provide employees with funds to use for these projects
Answer:
Estimates calculating financial statements are subjective as they involve Management's foresight to arrive to different values.
Explanation:
According to this, subject of fraud is one limitation of financial statements, and this is kind of what it talks about here.
I hope this helps, and as always, I am joyous to assist anyone at any time.
Answer:
The current weekly wage rate in the labor market is:
$453.20
Explanation:
a) Data and Calculations:
The average hourly earnings of all employees in the United States stands at 11.33 U.S. dollars.
For 8 hours a day, this will translate to $90.64 ($11.33 * 8)
For 5 days a week, the wage rate will be $453.20 ($90.64 * 5) or ($11.33 * 40).
b) The above rate is for wage workers, who are usually paid per day or per week. For salaried workers, the rate will be much higher and with some ranges, since salaries are not based on the factor of hourly or weekly rates.
