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4 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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3 years ago

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4 years ago

Read 2 more answers

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3 years ago

To develop the sales budget, companies must estimate both unit sales and the production cost per unit. true or false

Anton [14]

Answer:

False

Explanation:

The sales budget is a budget that indicates the amount of goods or services that the company expects to sell in a specific period of time. In order to make the sales budget, you have estimate the amount of units you plan to sell and multiply this for the selling price per unit to get the total sells. According to this, the statement that says that to develop the sales budget, companies must estimate both unit sales and the production cost per unit is false because to develop the sales budget, companies must estimate unit sales and selling price per unit.

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4 years ago

RevGilla manufactures a motorcycle part in lots of 155 units. The raw materials cost for the part is $150, and the value added i

frutty [35]

Answer:

77.5 units

Explanation:

Given that,

Lot size = 155 units

Raw material cost = $150

value added in manufacturing per unit = $300

Total cost per unit = $450

Lead time = 30 weeks

Annual demand = 4,200 units

Average cycle inventory = Lot size ÷ 2

= 155 ÷ 2

= 77.5 units

Value = Average cycle inventory × cost per unit

= 77.5 × $450

= $34,875

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3 years ago