Answer:
The correct option is C
Explanation:
Income statement is the one which states the core financial statements of the company which shows the profit and loss. And the profit and loss statement states the ability of the company for generating sales, create profits and manage expense.
It is that statement which to be prepared first, as in prepared before the retained earnings statement and the balance sheet statement.
Managing production and delivery of an organization's goods or services more efficiently is the main goal of operations management.
How does managing production work?
Production management, usually referred to as operations management, involves the planning and oversight of industrial processes to guarantee that they proceed smoothly and at the necessary level. Both the service sector and the manufacturing sector use production management techniques.
What significance does production have?
One of the most crucial procedures in manufacturing is production, which is essential to understanding what it means to be a manufacturer. Without this activity, there would be no final goods produced and nothing to sell to clients.
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Answer:
The inflation rate is different using the two methods as the rate of inflation calculated by the CPI holds basket of goods and services constant while the GDP deflator allows it to change.
Explanation:
i. Value of market basket of the good in 2020 = ($50*2) + ($5*6) = $130
Value of market basket of the good in 2021 = ($70*2) + ($6*6) = $176
CPI in 2020 = ($130 / $130) * 100 = 100
CPI in 2021 = ($176 / $130) * 100 = 135.38
Thus, The percentage change in overall price level is = [(135.38 - 100) / 100) * 100 = 35.38%
ii. Nominal GDP in 2020 = ($50 * 20) + ($5 * 60) = $1300
Nominal GDP in 2021 = ($70 * 21) + ($6 * 80) = $1950
Real GDP in 2020 = ($50 * 20) + ($5 * 60) = $1300
Real GDP in 2021 = ($50 * 21) + ($5 * 80) = $1450
GDP deflator in 2020 = (Nominal GDP in 2107 / Nominal GDP in 2107) * 100 = ($1300 / $1300) * 100 = 100
GDP deflator in 2021 = (Nominal GDP in 2108 / Nominal GDP in 2108) * 100 = ($1950 / $1450) * 100 = 134.48
Thus, the percentage change in overall price level is = [(134.48 - 100) / 100) * 100 = 34.48%
The numbers are already integers, since an integer is a whole number with no decimals. The net loss figure can be written as -2,000,000, and the second year's profit figure can be written as 5,000,000. You could also write the numbers as -2 x 10^(-6) and 5 x 10^(6), if you are using power-of-ten notation in your math class.