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3 years ago

Select which part of the expenditures approach of calculating the GDP is being described:

1 answer:

5 0

Construction of a new mine is part of this expenditures approach for calculating the GDP: sum of all the country's businesses spending on capital

<h3><u>Explanation:</u></h3>

The monetary value of all the goods and services that are produced in a country on a given period refers to the GDP. Using the GDP value, the economic growth of a country can be determined. The GDP of a country can be calculated with the help of three methods such as production, income, and expenditures.

The expenditure approach in the calculation of GDP includes the purchase of all goods and services in a given period. Things that are included in this approach are government spending, consumer spending, net exports and, business investment spending. The Construction of a new mine includes sum of all the country's businesses spending on capital.

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Moyas corporation sells a single product for $20 per unit. last year, the company's sales revenue was $300,000 and its net opera

lianna [129]

Net operating income was $24000
Fixed expenses=$96000
Sales=$300000
cost per unit=$20
unit sales=$15000 units
CM=$120,000
CM per unit=$8
BE units=FC/CM per unit=96000/8=12,000 units

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2 years ago

Read 2 more answers

The relationship between employer and employee can be thought of in terms of a(n) ____, a description of what an employee expect

nydimaria [60]

Answer:

The answer is: psychological contract

Explanation:

Psychological contracts are the expectations or promises exchanged between the parties; employer, employee, or even fellow employees, in an employment relationship. They are not written contracts, but they often implicit or understood between the parties. For example, an employee expects that if he or she works really hard, eventually he or she will receive a promotion or a salary raise.

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3 years ago

Soar Incorporated is considering eliminating its mountain bike division, which reported an operating loss for the recent year of

guajiro [1.7K]

Answer:

Decrease by $132,100

Explanation:

Computation of the given data are as follow:-

We can calculate the Operating Income by using following formula:-

Fixed Cost = Fixed Cost * Dropped Rate

= $193,000 * 30/100

= $57,900

So, Operating Income = Sales - Variable Cost - Fixed Cost

= $,1050,000 - $860,000 - $57,900

= $132,100

According to the Analysis, the operating income will be decrease by $132,100 if the business segment is eliminated.

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2 years ago

The Bloomfield Corporation sells three items of inventory: rulers, mechanical pencils, and notebooks. The company begins operati

grin007 [14]

Answer:

Value of inventories

1. Rulers = 100*$6 = $600

2. Pencils = 70*$8 = $560

3. Notebooks = 120*$7 = $840

Total $2,000

Value of inventories after additional information

1. Rulers = [(100*$6) + $15] = $615

2. Pencils = (70*$8) + (70*$0.50) = $595

3. Notebooks= (120*$7) + $12 + (120*$0.10) <u>$864</u>

Total <u>$2,074</u>

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2 years ago

What is the term used to describe amounts ima business owes to suppliers?

Mama L [17]

Answer:

Accounts Payable: Describes all money a business owes to vendors and suppliers for purchases of goods and services made on credit. Often listed in sum on the balance sheet as “current liability"

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3 years ago