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4 years ago

A nation's GDP is______________.

Business

1 answer:

Stels [109]4 years ago

7 0

Answer:

A nation's GDP is______D________.

A) The sum of value added at some stage of the production process

B) The total amount of money in circulation

C) The total market value of all intermediate goods and services

D) C+I+G+(X-M)

Explanation:

A nation's GDP( Gross Domestic Product) can be explained in such that if a nation produces goods and services at a given period of time the nation's GDP is the market value of the goods and service produced at the given time.GDP of a nation is measred in two ways either expenditure approach or income approach. based on the question the Expenditure approach is used in the definition C+I+G+(X-M)

C ....... CONSUMPTION

I............INVESTMENT

G........... GOVERMENT PURCHASE

X-M............ NET EXPORT

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Answer:

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Explanation:

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4 years ago

Net income for the year was $29,500. Accounts receivable increased $2,500, and accounts payable increased $5,400. There were no

mylen [45]

Answer:

True

Explanation:

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3 years ago

What is a C corporation?

Tanya [424]

Answer:(:

Explanation:

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3 years ago

Splish Brothers Inc. issues $257,000, 10-year, 8% bonds at 99. Prepare the journal entry to record the sale of these bonds on Ma

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Answer:

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= $2,570

Date Account Titles and Explanation Debit Credit

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3 years ago

Precision Company estimates its machine-hour requirements for the four quarters to be 35,000 hours, 20,000 hours, 15,000 hours,

Verdich [7]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Precision Company estimates its machine-hour requirements for the four quarters to be 35,000 hours, 20,000 hours, 15,000 hours, and 30,000 hours respectively. The variable manufacturing overhead rate is $4 per machine-hour. The fixed manufacturing overhead is $50,000 per quarter, which includes $20,000 of depreciation expense.

1) Total hours= 100,000 hours

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 100,000*4= $400,000

2) Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Total fixed overhead= 50,000*4= 200,000

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4 years ago