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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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At the beginning of 2020, Concord Company acquired a mine for $3,251,600. Of this amount, $124,000 was ascribed to the land valu

Sav [38]

Answer:

A. $737,520

B. $530,320

Explanation:

a. Computation for the total amount of depletion for 2020.

First step is to calculate the Depletion Rate

Depletion Rate = ($3,251,600 - $124,000 + $49,600 + $210,800)/12,100,000

Depletion Rate= $3,388,000/ 12,100,000

Depletion Rate= 0.28

Now let calculate the total amount of depletion for 2020.

2020 Total amount of depletion= 0.28 × $2,634,000

2020 Total amount of depletion= $737,520

Therefore the total amount of depletion for 2020 is $737,520

B. Computation for the amount that is charged as an expense for 2014 for the cost of the minerals sold during 2020.

Expense amount charged= ($737,520/$2,634,000)* 1,894,000

Expense amount charged=0.28 *1,894,000

Expense amount charged=$530,320

Therefore the amount that is charged as an expense for 2014 for the cost of the minerals sold during 2020 is $530,320

7 0

3 years ago

At the beginning of 20x1, Sun Angel Corporation began offering a two-year warranty on its products. The warranty program was exp

Anettt [7]

Answer:

The correct answer is 1,900,000 dollars.

Explanation:

This question requires us to calculate the amount that the Sun angel will recognize as warrantly liability in it balance sheet for the year ended at 20x1.

The sales made during the year is 180 millions dollars. So the company will recognize the provision as follow (during the year)

(180M * 4%= 7.2M)

Debit Warrantly Expense $7.2M

Credit Liability $7.2M

Claim entertain during the year that has reduce the above recognize liabilty is

Debit Liabilty $5.3M

Credit Cash $5.3M

Liability to be reported = $7.2M - $5.3M = 1,900,000 dollars

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4 years ago

Helène, an industrial sales representative, bought a cellular phone to use if she ever had car trouble while traveling between a

snow_tiger [21]

Answer:

Safety Needs

Explanation:

If Helène, an industrial sales representative, bought a cellular phone to use if she ever had car trouble while traveling between appointments. The level of Maslow’s need hierarchy that Helène is addressing is Safety Needs

It would have been 'Esteem needs' if Helene was just buying a phone to be in the same class with her friends or she is changing her phone to reflect her class.

However Helene is buying this phone because she wants to keep appointments which falls in the category of employments and hence is a 'Safety need'.

Safety needs in Maslow's hierarchy has to do with the need for security and protection. If Helene's car breaks down, it could also be a threat to her security if she is unable to call for help

8 0

3 years ago

The human resources department of french quarter seafood conducted a training workshop on setting and achieving organization goa

Cloud [144]

The aspect of the SMART goal that is missing is that of TARGET DATE.
SMART goals refers to goals that are Specific, Measurable, Attainable, Result oriented and Time bound. The aspect of the time bound was not included in the scenario given in the question.

7 0

4 years ago

Which of these statements explains the term price?

Sonja [21]

C is the correct answer

4 0

3 years ago