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ValentinkaMS [17]
3 years ago
14

A tire manufacturer produces 400 tires valued at $20 each. Three hundred tires are sold to a tire shop, which then sells them to

households for $50 each. The remaining tires are unsold and are added to the tire manufacturer’s inventory. How much is added to GDP? a. $8,000 b. $15,000 c. $13,000 d. $17,000
Business
1 answer:
Lesechka [4]3 years ago
8 0

Answer:

The amount of $15,000 will be added to the GDP.

Explanation:

GDP or gross domestic product can be described as the measure of all final goods and services produced in the geographical boundaries of a nation in a given period, often in a year.

Since, in the calculation of GDP only final goods and services are included,

So, the GDP will increase by total value of final goods produced

Total value of final goods

=Price*quantity of goods

=$50*300

= $15000

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Edna Recording Studios, Inc., reported earnings available to common stock of $4,200,000 last year. From those earnings, the com­
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Answer:

Cost of retained earnings

= <u>Do(1 + g)</u>   + g

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3 years ago
Shareholders exercise ownership control through the power of their votes. Group of answer choices False True
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True, Shareholders exercise ownership control through the power of their votes.

<h3>What is Shareholder Ownership ?</h3>

Common shareholders are part of the owners of a corporation, they have bought some shares or stocks of the corporation either through public offerings or the the Stock markets.

As part of the owners of a corporation, common stock holders have certain rights except otherwise stated in the agreement.

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A corporation is owned by it's shareholders as a group. Each shareholder holds a proportion of the share capital of a corporate and has voting rights in proportion of his shareholdings.

Therefore , we can conclude that the statement is TRUE.

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