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lisov135 [29]
2 years ago
14

Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production

for that nation. Which of the following activities are either not accounted for or are measured inaccurately in calculations of GDP for the United States? Check all that apply. The Brazilian wood that is used for flooring in a new U.S. house The leisure time enjoyed by Americans Funds spent by state governments to build highways The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government The loss of enjoyment people incur when scenic land is converted to commercial use
Business
1 answer:
Leno4ka [110]2 years ago
6 0

Answer: The loss of enjoyment people incur when scenic land is converted to commercial use.

The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government.

The leisure time enjoyed by Americans Funds spent by state governments to build highways

Explanation:

The gross domestic product is the value in terms of money of all the goods and services that are produced in a particular country at a certain period of time.

Over time, people have often criticised the use of GDP as a good measurement of the output of a nation that it does not include every transactions and production for that nation. In this scenario, the following cases are either not accurately accounted for or are measured inaccurately.

1. The loss of enjoyment people incur when scenic land is converted to commercial use.

2. The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government.

3. The leisure time enjoyed by Americans Funds spent by state governments to build highways.

In the above cases, the monetary value of these activities aren't reflected on the GDP calculation.

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The phase of the Technology Product Development Cycle that describes key technology that has been integrated into many products
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2 years ago
The following information is available for Shanika Company for 20Y6: Inventories January 1 December 31 Materials $457,760 $563,0
Len [333]

Answer:

<h2>Shanika Company </h2>

Statement of Cost of Goods Manufactured For the Year Ended December 31, 20Y6:

Materials:

Beginning Inventory              $457,760

Purchases                                 850,190

Cost of materials available $1,307,950

Less Ending Inventory            563,040

Cost of materials used                          $744,910

Beginning Work in process                    823,970

Direct Labor                                            867,080

Factory Overhead                                  298,430

Less Ending Work in process               (765,730)

Cost of goods manufactured          $1,968,660

Explanation:

1) Data and Calculations:

a) Shanika Company for 20Y6:

Inventories          January 1     December 31

Materials               $457,760      $563,040

Work in process     823,970         765,730

Finished goods       791,920         782,630

Advertising expense $382,300

Depreciation expense-office equipment 54,050

Depreciation expense-factory equipment 72,630

Direct labor 867,080

Heat, light, and power-factory 28,720

Indirect labor 101,350

Materials purchased 850,190

Office salaries expense 296,720

Property taxes-factory 23,650

Property taxes-headquarters building 48,980

Rent expense-factory 39,980

Sales 3,980,690

Sales salaries expense 488,720

Supplies-factory 19,710

Miscellaneous costs-factory 12,390

b) Factory Overhead:

Depreciation expense       $72,630

Heat, light, and power         28,720

Indirect labor                       101,350  

Property taxes-factory        23,650

Rent expense-factory         39,980

Supplies-factory                    19,710

Miscellaneous costs            12,390

Total Factory overhead $298,430

c) The cost of goods manufactured is made up of the costs of materials, direct labor, work in process, and manufacturing overhead.

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