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never [62]
3 years ago
6

In both Gamma and Delta average labor productivity is $20,000 per worker per year. The population of Gamma is 200,000 and the po

pulation of Delta is 400,000. Sixty percent of the population in each country is employed. Total output in Gamma is _____ and total output in Delta is _____.
Business
1 answer:
cupoosta [38]3 years ago
8 0

Answer:

Total output in Gamma is $2,400,000,000 and total output in Delta is $4,800,000,000.

Explanation:

The population of Gamma is 200,000 and the population of Delta is 400,000. Sixty percent of the population in each country is employed.

The number of worker in Gamma = 60% x 200,000 = 120,000 people

The number of worker in Delta = 60% x 400,000 = 240,000 people

Total output = Average labor productivity x The number of worker

Total output in Gamma = $20,000 x 120,000 = $2,400,000,000

Total output in Delta = $20,000 x 240,000 = $4,800,000,000

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8 0
3 years ago
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As it relates to international trade, dumping: A. is defined as selling more goods than allowed by an import quota. B. constitut
amid [387]

Answer:

C. is the practice of selling goods in a foreign market at less than cost.

Explanation:

As it relates to international trade, dumping <u>is the practice of selling goods in a foreign market at less than cost</u>. Dumping is the practice of selling a product in a foreign market at an unfairly low price (a price that is lower than the cost in the home market) or in order to gain some advantage over the other suppliers.

6 0
3 years ago
Fayez performs professional services similar to those of a management accountant, while working for the city of portland. fayez
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8 0
3 years ago
Vijay Inc. purchased a three-acre tract of land for a building site for $260,000. On the land was a building with an appraised v
puteri [66]

Answer:

$273,840

Explanation:

The Cost of of an item of Property, Plant and Equipment according to IAS 16 include the purchase price and any directly related costs incurred in bringing the asset in the condition and location for operation as intended by management.

<u>Calculation of the Cost of Land</u>

Purchase Price                                                                                $260,000

Cost after proceeds to demolish old building($11,300 - $1,670)      $9,630

Insurance                                                                                                $830

Legal Fees                                                                                              $420

Property taxes  ( $3,300 - $170)                                                          $3,130

Capitalized Cost                                                                              $273,840

3 0
3 years ago
The following inventory information was taken from the records of Kleinfeld Inc.: Historical cost $12,000 Replacement cost $7,00
irga5000 [103]

Answer:

the inventory should be recorded at $8,500

Explanation:

As we know that according to GAAP, the inventory should be recorded at a cost or net realizable value whichever is lower

So as per the question

Historical cost is $12,000

And, the net realizable value is

= Expected selling price - expected selling cost

= $9,000 - $500

= $8,500

So, the lower cost is $8,500

Hence, the inventory should be recorded at $8,500

5 0
3 years ago
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