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Softa [21]
3 years ago
13

(Challenge Question) A baker sells five pies to a Jill’s Fresh Pies for $20. Jill’s Fresh Pies resells three "fresh" pies for $9

per pies. The remaining pies are boxed and sold online for a total of $16. Taking all these transactions into account, how much is added to GDP?
Business
1 answer:
Karolina [17]3 years ago
6 0

Answer:

$43

Explanation:

Data given in the question

Sale value of Jill fresh pies = $20

Resale value of each pies = $9

Number of pies for reselling = 3

And, the remaining pies sale value = $16

By considering the above information, the amount added to GDP is

= Resale value of each pies × Number of pies for reselling  + the remaining pies sale value

= $9 × 3 + $16

= $27 + $16

= $43

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EarthWear's income before taxes is $36 million (rounded). Assume that the auditors have decided that 5 percent of this benchmark
ratelena [41]

Answer: $900000

Explanation:

The second step in any substantive analytical procedures decision process is to determine or calculate a tolerable difference. Since the expectation developed by the auditor will slightly be identical to the client's recorded amount, the auditor must make a decision about the amount of difference that would require further investigation. The size of the tolerable difference relies on the significance of the account, the desired degree of reliance on the analytical procedure, the level of disaggregation in the amount being tested, and the precision of the expectation.

In the above statement,

The tolerable misstatement= 50%

Income before taxes= $36million

5% benchmark appropriate for planning materiality.

Therefore,

The tolerable difference for the analytical procedure:

$36million × 0.05 × 0.5

= $900000

3 0
3 years ago
Which of the following is not one of the factors required to charge for online content?
nikitadnepr [17]
I think the correct answer from the choices listed above is option B. A focused market would not be one of the factors that is <span>required to charge for online content. Since the market is already available and is always there. Hope this answers the question. Have a nice day.</span>
3 0
4 years ago
Which of the following is not a typical adjustment made to the income statement for projection purposes?
ankoles [38]

Answer:

The correct answer is b. Adjusting revenues to only include organic revenue growth.  

Explanation:

One of the quantitative planning techniques is the projection of financial statements or also called pro forma statements.

The applications that can be had among others are the following:

Know how the year will end for tax purposes in terms of income and deductions in order to make decisions before the end of the year.

Another application will be to know the external financing needs for the period you want to know.

The most common and practical method of projecting financial statements is based on sales.

7 0
4 years ago
If the unemployment rate is rising and gdp is falling, the most appropriate fiscal policy action would be?
PIT_PIT [208]

Answer: The fiscal policy which will help in GDP rise is cutting taxes to boost Aggregate Demand.

Explanation: When government seek into the economy they have two main tools at their disposal --monetary policy and fiscal policy. Fiscal policy is usually used to have a track record of government spending and taxation. which generally increase the influence the economy. Government usually promote fiscal policy  to have a strong and sustainable growth and to reduce the level of the poverty.  A basic equation to calculate the GDP ( gross domestic product) is

GDP=C+I+G+NX

There are mainly two ways to reduce the unemployment rate.

  • Demand side
  • Supply side

Learn more about fiscal policy.

brainly.com/question/6583917

8 0
2 years ago
Long-term investments that cost the company $25 were sold during the year for $54 and land that cost $53 was sold for $28. In ad
adell [148]

Answer:

Explanation:

Long-term Investment cost = $25

Long-term Investment sales value = $54

Gain from Long-term Investment = $(54-25) = $29

Land cost = $53

Land sales value = $28

Loss from sale of Land = $(28-53) = -$25

Cash Dividend paid = $22

Total change in Assets = $(29-25) = $4

Total change in Equity = -$22

6 0
3 years ago
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