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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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under a - or lump-sum, agreement, the contractor agrees to perform all work specified in the contract at a known cost.

Alexxx [7]

A "stipulated sum contract," commonly referred to as a lump sum contract, is a construction contract where the contractor consents to finish the project for a predefined, fixed amount.

<h3>What its means contract?</h3>

The simplest definition of something like a contract is a commitment that is legally binding. The commitment could be to carry out or abstain from a certain action. A contract must be made by two or more parties who must agree to it, with one of them typically presenting an offer and the other accepting it.

<h3>What are contracts in law?</h3>

A contract is an agreement that is legally binding; I A contract is an agreement that is legally binding at one or both of the parties' discretion but not at the discretion of the other party or parties.

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7 0

1 year ago

Big John’s manufacturing currently produces its lead product on a machine that has a variable cost of 0.32 per unit and a fixed

Greeley [361]

Answer:

The indifference point is 1,875,000 units.

Because the current machine has lower fixed costs, it has a lower cost from 0 units to 1,874,999. From 1,875,001 the new machine is more convenient,

Explanation:

Giving the following information:

Current machine:

Total cost= 75,000 + 0.32x

New machine:

Total cost= 150,000 + 0.28x

<u>To find the indifference point, we need to equal the cost functions and isolate x (number of units)</u>

75,000 + 0.32x = 150,000 + 0.28x

0.04x= 75,000

x= 1,875,000

The indifference point is 1,875,000 units.

Because the current machine has lower fixed costs, it has a lower cost from 0 units to 1,874,999. From 1,875,001 the new machine is more convenient.

6 0

3 years ago

Business-level strategy focuses primarily on a. which markets to enter and how to use the firm's money, people, and physical fac

Mrrafil [7]

Answer:

The answer is: B) the areas in which the firm may have an advantage and how much various organizational parts enhance each other.

Explanation:

Business level strategy deals with the business's position in the market relative to its competition and the forces of competition. This is why it focuses on the business's core competencies and how its customers's needs are satisfied. Stronger core competencies equal greater consumer satisfaction which equals larger profit.

3 0

3 years ago

Clothing Frontiers began operations on January 1 and engages in the following transactions during the year related to stockholde

zimovet [89]

Answer:

Explanation:

The journal entries are shown below:

1. Cash A/c Dr $24,000 (600 shares × $40)

To Common Stock $600 (600 shares × $1)

To Additional Paid-in Capital in excess of par - Common Stock $23,400

(Being the issuance of stock is recorded and the remaining balance is credited to the additional paid-in capital account)

2. Cash A/c Dr $4,400 (100 shares × $44)

To Common Stock $100 (100 shares × $1)

To Additional Paid-in Capital in excess of par - Common Stock $4,300

(Being the issuance of stock is recorded and the remaining balance is credited to the additional paid-in capital account)

6 0

3 years ago

Henry must make set premium payments on his insurance policy until he dies, and if he cancels the policy he will receive the cas

lubasha [3.4K]

<span>Henry must make set premium payments on his insurance policy until he dies, and if he cancels the policy he will receive the cash value. His plan is a whole life policy.</span>

5 0

3 years ago