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3 years ago

Given the following data for the economy, compute the value of GDP.

Business

1 answer:

oksano4ka [1.4K]3 years ago

5 0

Answer:

The value of GDP is 75

Explanation:

GDP is equal to Consumption + Investment + Government Spending + Net Exports (Exports minus Imports), where total Investment is equal to Fixed Investment plus the Change in Inventories.

The change in GDP will therefore equal the change in Consumption + the change in Investment + the change in Government Spending + the change in Net Exports, where the change in Investment will equal the change in Fixed Investment plus the change in the Change in Inventories.

= Government purchases of goods and services (10) + Consumption Expenditures (70 )+ Exports (5 ) - Imports (12) + Change in Inventories (-7 ) + Construction of new homes and apartments (15 ) - Sales of existing homes and apartments (22 ) + Government payments to retirees (17 ) + Business Fixed Investment (9)

= 75

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Jawson Corporation uses the weighted-average method in its process costing system. Operating data for the Painting Department fo

Neporo4naja [7]

Answer:

The equivalent units for conversion costs in the Painting Department for April is b. 70,520

Explanation:

Equivalent Units for Conversion cost means the Total Units in terms of degree of Conversion Costs applied to those units.

To calculate the equivalent units for conversion costs in the Painting Department for April we:

First Determine the Units Completed and Transferred Out of the Painting Department

Hint: Units Inputs must equal Units out puts

Units Completed and Transferred Out = Units of Opening Work In Process + Units Transferred In from Prior Department - Ending Work In Process

= 65,600+6,300-4,600

= 67,300

Second Calculate the total Units of Conversion Costs

Completed and Transferred Out - 100% 67,300

Add Closing Work In Process - 70% 3,220

Total Units for Conversion Costs 70,520

7 0

3 years ago

Read 2 more answers

Christine has obtained a job pitching a product at a local state fair. Her job is to demonstrate cookware, highlighting its feat

alex41 [277]

Answer:

<h2>The answer in this case would be option d) given in the answer choices or It describes all the positive features of your product.</h2>

Explanation:

Under Consumer Value Proposition(CVP),one of the features of product or service selling constitutes an all benefit approach which involves providing concerned product or service to the customers or buyers without any comparison with other competitors or rivals in the market.
In this case, as Christine provides a comprehensive demonstration of her product usage or utilization to the customers or buyers,it basically reflects providence of relevant product knowledge or information about the product features and characteristics without any direct consideration or reference to the market competitors or rivals.
It is one of the common mechanisms under CVP to generate consumer attraction towards any particular product and thereby, enhance sales revenue and future profitability by increasing product sales

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3 years ago

The _____ section of a business plan should include ownership details.

oksian1 [2.3K]

Organization and Management

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4 years ago

EBike, an electronic bicycle manufacturer, has identified two customer segments, one is willing to pay a higher price for a cust

kramer

Solution:

Profit function of customised bicycle customers, P1 = d1*(p1-c)

= (11000-25p1)*(p1-160)

= 11000p1-1760000-25p1^2+4000p1

= -25p1^2+15000p1-1760000

In order to the profit maximizing price, equate the first order derivative of profit function to 0

dP1/dp1 = d(-25p1^2+15000p1-1760000)/dp1 = 0

=> -50p1+15000 = 0

=> p1 = 300

Profit function of price sensitive customers, P2 = d2*(p2-c)

= (11000-45p2)*(p2-160)

= 11000p2-1760000-45p2^2+7200p2

= -45p2^2+18200p2-1760000

In order to the profit maximizing price, equate the first order derivative of profit function to 0

dP2/dp2 = d(-45p2^2+18200p2-1760000)/dp2 = 0

=> -90p2+18200 = 0

=> p2 = 202.22

Price to be charged for customised segment = $ 300

Price to be charged for price sensitive segment = $ 202.22

------------------------------------------------------------

Considering single price, p

Total profit from both segments, P = (d1+d2)*(p-160)

= (11000-25p+11000-45p)*(p-160)

= (22000-70p)*(p-160)

= 22000p-3520000-70p^2+11200p

= -70p^2+33200p-3520000

In order to the profit maximizing price, equate the first order derivative of profit function to 0

dP/dp = d(-70p^2+33200p-3520000)/dp = 0

=> -140p+33200 = 0

=> p2 = 237.14

This is solved by Solver as follows:

[ Find the attachments ]

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3 years ago

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pishuonlain [190]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

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3 years ago