1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zavuch27 [327]
3 years ago
9

GDP is the: a. market value of an economy's production of final goods and services in a one year period. b. sum of coins, bills,

and demand deposits circulating in an economy one year period. c. total expenditures of the federal government over the period of one year. d. market value of an economy's production of all goods and services in a one year period.
Business
1 answer:
Bond [772]3 years ago
8 0

Answer:

a. market value of an economy's production of final goods and services in a one year period.

Explanation:

GDP is the sum of all final goods and services produced in an economy within a given period which is usually a year.

GDP = Consumption spending + Investment spending + Government Spending + Net Export

GDP doesn't include intermediate goods. Therefore it is not the market value of an economy's production of all goods and services in a one year period.

Total expenditures of the federal government over the period of one year is known as government spending.

I hope my answer helps you

You might be interested in
. Zoe Corporation has the following information for the month of March: Purchases $ 92,000 Materials inventory, March 1 6,000 Ma
rodikova [14]

Answer:

1. Cost of goods manufactured = $150,500

2. Net income = $36,500

3. Total Inventory = $61,500

Explanation:

Requirement 1

                   Zoe Corporation

Schedule of cost of goods manufactured

     For the month ended March 31

Direct Materials:

Beginning Materials inventory             $6,000

Add: Raw materials purchases         <u>    92,000</u>

Raw materials available for use          $98,000

<u>Less: Ending Raw Materials                    8,000</u>

Direct materials used                          $90,000    

<u>Direct Labor                                           25,000</u>

Prime Cost                                          $115,000

<u>Factory overhead                                   37,000</u>

Total manufacturing cost                 $152,000

Add: Work in process, March 1              22,000

<u>Less: Work in process, March 31          (23,500)</u>

Cost of goods manufactured           $150,500

Requirement 2

                        Zoe Corporation

Income Statement for manufacturing company

            For the month ended March 31

Sales revenue                                                                $257,000

<em>Less: Cost of goods sold</em>

Beginning finished goods inventory           $   21,000

Add: Cost of goods manufactured (Req.1)   <u>  150,500</u>

<em>Finished goods available for sale                   171,500</em>

Less: Ending finished goods inventory     <u>     (30,000)</u>

<u>Cost of goods sold                                                            141,500</u>

Gross Profit                                                                     $115,500

<u>Less: Sales and administrative expenses                         79,000</u>

Net operating Income                                                    $36,500

Requirement 3

                        Zoe Corporation

                          Balance Sheet

                          As at March 31

Inventory:

Materials                           $8,000

Work-in-process               23,500

<u>Finished goods                 30,000</u>

Total Inventory                $61,500

Inventory consists of all the ending materials, ending work-in-process, and ending finished goods. All the ending items need to be shown in the balance sheet because those inventories will remain at hand at the end of the period.

5 0
3 years ago
Leslie has developed a new kind of running shoe, and now she is trying to decide where to sell it. Which of the 4Ps of marketing
Crank
A. Price : hope) ich
6 0
3 years ago
Read 2 more answers
a list of accounts and their balances after all adjustments have been made and posted to the general ledger is known as the g
s2008m [1.1K]

Answer:

Adjusted trial balance

Explanation:

8 0
3 years ago
In the context of purchasing systems involved in the traditional transaction processing systems, when a(n) _____ arrives from a
Degger [83]

Answer:

Product

Explanation:

  • In a purchase system the involvement of the traditional transactions takes place as when the product or item arrives to form a supplier its matched to the original order of the referring report which is then sent to the department for checking the content and the report generated is in the inventory  
  • Of the list of items the vendor dispatches and later on checks the consistency of the product. An assessment report is made for the system and the result is compiled in the database management system.
7 0
3 years ago
On december 31, planet company acquired 80% of the voting common stock of star company by issuing 100,000 shares of its own comm
zavuch27 [327]

Answer:

Building with fair value of $150,000

Explanation :

In the consolidation work paper elimination, we eliminate the Equity or Net Identifiable assets that exist in Star Company at the Acquisition Date.

The Building with fair value of $150,000 was the only balance sheet item existing thus this is ultimately the Net Identifiable Assets that would be eliminated.

6 0
3 years ago
Other questions:
  • A classified income statement has four major sections—operating revenues, cost of goods sold, operating expenses, and non-operat
    12·1 answer
  • When a business seeks a certain profit, it uses a factor to adjust its price. The factor is called a _____.?
    9·2 answers
  • Janet bought flour and used it to bake bread she ate. ABC Bakery bought flour which it used to bake bread that customers purchas
    15·1 answer
  • According to the U.S. Department of Transportation, the construction of tunnels is one of the greatest challenges encountered du
    5·1 answer
  • Suppose you are committed to owning a $203,000 Ferrari. If you believe your mutual fund can achieve an annual rate of return of
    5·1 answer
  • A property title search firm is contemplating using online software to increase the productivity of the researcher performing th
    6·1 answer
  • Suppose a factory emits pollution into the air during its production process. The demand​ (D) for its output​ (Q) is p​= 2400- Q
    7·1 answer
  • What are the OSHA guidelines for reporting injuries, illnesses, and fatalities?
    6·1 answer
  • the difference between a demand schedule and a demand curve is that the demand ____ presents information graphically or visually
    12·1 answer
  • in response to a business communication that is vague, what do people tend to do? (choose every correct answer.)
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!