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KiRa [710]
2 years ago
5

In November 2016, General Motors produced a car that was delivered to a local dealership in December 2016. The auto was sold to

Sharon Smith for personal use in February 2017. Following national income accounting practices, this car would be counted as:
Business
1 answer:
horsena [70]2 years ago
4 0

Answer:

It will be counted as investment in 2016 and negative investment in 2017.

Explanation:

National income refers to the total value of a country's final output of all new goods and services produced in one year. There are various ways of measuring national income, e.g. GDP, GNP, etc

Therefore, following national income accounting practices, the car would be counted as part of the investments and GDP of 2016, and negative investment in 2017, because that was the year in which it was produced.

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Answer:

$15,525

Explanation:

Calculation for ending inventory under variable costing

Using this formula

Units in ending inventory = Units in beginning inventory + Units produced −Units sold

Thus,

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= 1,150 units × $13.50 per unit

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4 0
3 years ago
One type of systematic error arises because people tend to think of benefits in percentage terms rather than in absolute dollar
raketka [301]

Answer:

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Explanation:

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She is better off by $40.

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How is the work in process inventory account related to the finished goods inventory account?
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