1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
horrorfan [7]
3 years ago
8

One bag of oranges is sold for $6.00 to a company that turns them into juice which is sold to consumers for $12.00. Another bag

of oranges is purchased by a grocery store for $6.00 who then sells it to a consumer for $7. Taking these four transactions into account, how much is added to GDP?
Business
1 answer:
Sedaia [141]3 years ago
6 0

Answer:

19 is added to the gdp

Explanation:

6 (bag of oranges) + 6(bag of oranges) + (12-6)(juice) + (7-6)(bag of oranges) = 19 is added to the gdp

In this case I'm using the income approach to calculate GDP, which includes the income earned by wages to labor (not present), rent by land (you may say that the original bag of oranges), the return on capital (interest, not present),and  entrepreneur’s profits (juice and grocery store)

You might be interested in
When selecting a venture capitalist, which one of the following characteristics is probably the least important?
Olegator [25]

Answer:

C. Underwriting experience.

Explanation:

Underwriters are known as evaluators in cases especially like that of mortgage etc, accessing the amount of risk that will involved in taking certain amount of loans. Therefore generally speaking, underwriting is simply explained as method through which an institution takes on financial risk for a fee. Risk of these such are mostly explained to be typically having dealings with loans, insurance, or investments. Certain contingencies are seen to helps to maintain certain borrowing policies for loans, establishes appropriate premiums to adequately cover the true cost of insuring policyholders, and creates a market for securities by accurately pricing investment risk.

8 0
3 years ago
On October 1, Robertson Company sold inventory in the amount of $5,800 to Alberta, Inc. with credit terms of 2/10, n/30. The cos
NeTakaya

Answer:

Option (d) is correct.

Explanation:

Given that,

Inventory sold to Alberta, Inc. on account = $5,800

Cost of goods sold = $4,000

The journal entries are as follows:

(i) On October 1,

Accounts receivable A/c Dr. $5,800

           To sales A/c                             $5,800

(To record the credit sale of inventory)

(ii) On October 1,

Cost of goods sold A/c Dr. $4,000

         To Merchandise inventory A/c     $4,000

(To record the cost of goods sold)

4 0
3 years ago
Identify and describe the three steps that the team should follow in order to define project scope and create a project scope st
Fittoniya [83]

Answer:

3 steps are:

Planning

Controlling

Closing

Explanation:

Project scope is the term which is defined as the work that require to be achieved in order to deliver the product, result or service with the particular or specified functions as well as features.

The 3 steps which a team need to follow in defining the project scope and creating a statement of project scope is as:

1. Planning - It is that procedure where an effort is made in order to capture or apprehend and define the work which needs or required to be perform or done.

2. Controlling - The processes of monitoring and controlling focus on the scope creep, approving or disapproving the project changes, tracking and documenting tracking.

3. Closing -It is the final procedure of the project scope, it involves the audit of the assessment and the deliverables of the project against the original plan.

8 0
3 years ago
Lower of Cost or Market The accountant for Murphy Company prepared the following analysis of its inventory at year end: Item Uni
Nina [5.8K]

Answer:

  $52,860

Explanation:

The computation of the ending inventory using the  lower of cost or market method is shown below:

Product                    Cost           Net realizable value Lower of cost or NRV

RSK-89013 600 × $38 = $22,800 600 × $47 = $28,800   $22,800

LKW-91247 420 × $47 = $19,740     420 × $40 = $16,800        $16,800

QEC-57429  510 × $26 = $13,260    510 × $32 = $16,320         $13,260

Carrying value of the ending inventory is                                       $52,860

7 0
3 years ago
A map from trade development commissions or chamber of commerce can be more useful that google maps for identifying
Marrrta [24]

A map from trade development commissions or chamber of commerce can help identify <em>major areas of commerce and location.</em>

Explanation:

Google map helps with location of building but will not give information about the commerce aspect of the building.

But since the Trade Development Commission has exclusive responsibility to provide that, then it will be more useful to identify major areas of commerce and their locations.

#learnwithbrainly

8 0
3 years ago
Other questions:
  • Diversification cannot reduce market risk. <br> a. true <br> b. false
    13·1 answer
  • Jody borrowed $25,000 from her controlled corporation for six months. She used the funds to pay her daughter's college tuition.
    6·1 answer
  • Kathy's Corner Store has total cash sales for the month of $35,000 excluding sales taxes. If the sales tax rate is 6%, which jou
    11·1 answer
  • If a country has positive net capital outflows, then its net exports are a. positive, and its saving is larger than its domestic
    5·1 answer
  • Which function has the greatest constant of variation?
    11·2 answers
  • what was the role of Winnie madikizela-mandela in the struggle against apartheid in the 1950s to 1970s​
    6·1 answer
  • Which option identifies the component of the SMART objective (specific, measurable, attainable, realistic, and time-bound) missi
    5·1 answer
  • 1 points Time Remaining 1 hour 14 minutes 35 seconds01:14:35 eBookPrintReferencesCheck my workCheck My Work button is now enable
    9·1 answer
  • What will help a person with power of attorney make good decisions?
    15·1 answer
  • is the area of business that deals with how a company conducts its business and implements controls to ensure proper procedures
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!