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uysha [10]
3 years ago
12

The total dollar value of all goods and services produced by all people within the boundaries of a country during a specified ti

me period (e.g., one-year) is called:______
Business
1 answer:
kvasek [131]3 years ago
8 0

Answer:

The gross domestic product

Explanation:

The gross domestic product = Consumption spending + Investment + Government Spending + Net Export

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Which of the following are the fixed costs relative to the number of the units produced and sold? a. straight-line depreciation,
ollegr [7]

Answer:

The correct answers are letters "A", "B", and "C": straight-line depreciation, manager's salary, store rent.

Explanation:

Fixed Costs are business expenses that do not change as the level of production goes up or down. They are one of two types of business expenses the other being variable cost. Variable costs do change as the volume of production changes. Examples of fixed costs are high-executive salaries, rent, depreciation, and insurance. Examples of variables costs are commissions, raw materials, and transportation fees.

7 0
2 years ago
Suppose that in the second year her average total cost per dog is $35 and that $20 of that is associated with the variable cost.
jok3333 [9.3K]

Answer:

She should stay open, because the revenue of from dog grooming ($30 per dog), is still high enough to cover her variable cost of $20 per dog, even though she is operating at a loss.

Explanation:

Profit = Revenue - Total costs

Total costs = Fixed costs + variable costs

Profit = $30 - $35 = -$5 per dog

This shows she is operating at a loss of $5 per dog.

If a company does not make enough revenue to cover its total costs, then it is operating at a loss.

However such a company must consider its variable cost before deciding whether to shut down.

A company should only shut down if it is unable to make enough revenue to cover its variable cost.

If a company is operating at a loss but can at least cover its variable cost, then it should stay open at least in the short run.

6 0
3 years ago
A contingent liability is:Multiple ChoiceAlways of a specific amount.An obligation arising from the purchase of goods or service
Ainat [17]

Answer:

A potential obligation that depends on a future event arising from a past transaction or event

Explanation:

A contingent liability is a potential obligation that depends on a future event arising from a past transaction or event.

Contingent liability are usually recorded in the financial statements if :

A. The contingency is likely to occur

B. The amount can be estimated.

I hope my answer helps you

5 0
2 years ago
Which of the following statements is TRUE?
Dahasolnce [82]

Answer:

Third one....The interest rate on your savings account will vary over time and be set by the government

Earn interest at a norminal rate.

7 0
3 years ago
Is “AAMZON” a PRODUCT BASED or SERVICE BASED company
Vladimir79 [104]

Amazon is both. They sell products and services.

7 0
3 years ago
Read 2 more answers
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