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DIA [1.3K]
3 years ago
5

A manufacturer produces 500,000 MP3 players in the first quarter of the year. It sells 400,000 of them and adds 100,000 of them

to inventory. All the players added to inventory are purchased by consumers in the second quarter. How are the 100,000 that go into inventory counted in GDP?
Business
1 answer:
Digiron [165]3 years ago
3 0

Answer:

$100,000 is accounted in first quarter GDP as change in inventory

Explanation:

Changes in inventory is accounted in the current period GDP as it is an investment. It is a part of gross private investment of GDP. Changes in inventory happens when closing inventory differs from opening inventory.

When sales are more than goods produced, it indicates that the company has purchased its own inventory for investment purpose.

In this case $100,000 inventory in quarter 1 would be included in quarter 1 GDP as part of private investment.

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A(n) _____ broadly defines an organization's purpose—what it is seeking to achieve from its activities—identifies what is unique
Tanzania [10]

Answer:

(B) mission statement

Explanation:

A mission statement broadly defines an organization's purpose—what it is seeking to achieve from its activities—identifies what is unique or important about its products to its employees and customers, and also distinguishes or differentiates the organization in some ways from its competitors.

8 0
3 years ago
Qwest Communications International, Inc. borrowed $499,000 on November 1, 2021, and signed a 12-month note bearing interest at 8
kobusy [5.1K]

Answer:

Interest Payable - 2021 = $6653.33  rounded off to  6653

Explanation:

The accrual principle in accounting requires the revenue and expenses for a period to be matched and recorded in their corresponding or respective periods. Thus, even though the interest on note will be paid at maturity in 2022, the interest expense related to the month of November 2021 and December 2021 will be recorded in the current year at 31 December as interest payable.

Interest Payable - 2021 = 499000 * 8% * 2/12

Interest Payable - 2021 = $6653.33  rounded off to  6653

8 0
3 years ago
Goods are complements if an increase in the price of one causes a __________ in the demand for the other
ASHA 777 [7]

Answer: decreases

Explanation: In simple words, complementary goods are those goods which have negative relation with each other in respect of price and demand. The usage of one good is dependent on other in case of complementary relation.

For example - Petrol and petrol car are complementary goods, if the price of petrol increases the demand for petrol cars will decrease.

Hence we can conclude that the right answer to the given problem is decrease.

7 0
3 years ago
The maturity models presented in this chapter all demonstrate that: a. Project management maturity is an ongoing process based o
Lostsunrise [7]

Answer:

a. Project management maturity is an ongoing process based on continuous improvement.

Explanation:

Maturity models are a prospering approach to improving a company's processes and business process management capabilities. It measures the ability of an organization for continuous improvement in a particular discipline.

Project management maturity models are used to: compare practices against an industry standard, define a systematic route for improving project management practices and evaluate current project management practices.

From the above, we can conclude that the maturity models presented in this chapter all demonstrate that Project management maturity is an ongoing process based on continuous improvement.

6 0
3 years ago
Read 2 more answers
Which organization has the highest market dependence? Group of answer choices a chain of rapid-service oil change shops. a manuf
pashok25 [27]

Answer:

The correct answer is letter "D": company that specializes in making replacement tiles for the space shuttle.

Explanation:

Market-dependent industries are those whose production relies on the manufacturing of another institution. This is a threat for the entity since if the other producers fail, the entity is likely to follow the same path. The situation is even worse when the manufacturing company produces rare or uncommon goods.

Therefore, <em>a firm producing replacement tiles for space shuttles is highly market-dependent since a few organizations worldwide require spare parts for space tiles, which is not a common product traded in the market.</em>

7 0
3 years ago
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