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Elena-2011 [213]
3 years ago
11

Suppose there are five goods in the economy, A-E. The current-year quantity of each is 10A, 20B, 30C, 40D, and 50E. Current-year

prices are $1 for each unit of A, $2 for each unit of B, $3 for each unit of C, $4 for each unit of D, and $5 for each unit of E. Base-year prices are $1 for each good. Real GDP in the current year equals _________ and GDP equals _________.
Business
1 answer:
ella [17]3 years ago
7 0

Answer:

The real GDP is $150 and GDP is $550

Explanation:

There are five goods in the economy, A-E.

The current-year quantity of each is 10A, 20B, 30C, 40D, and 50E.

Current-year prices are $1 for each unit of A, $2 for each unit of B, $3 for each unit of C, $4 for each unit of D, and $5 for each unit of E.

Base-year prices are $1 for each good.

The real GDP is the value of output produced at base year price.

Real GDP

= 10 +20 + 30 + 40 + 50

= $150

The nominal GDP is the value of output produced at the current prices.

Nominal GDP

= 1 × 10 + 2 × 20 + 3 × 30 + 4 × 40 + 5 × 50

= 10 + 40 + 90 + 160 + 250

= $550

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The 100-room Fantastic Florida motor lodge accepts only cash for its guests. On Saturday evening the hotel had 90 of its rooms o
Fudgin [204]

Answer:

The ADR is $100

Explanation:

The average daily rate (ADR) for a hotel is calculated by taking the average revenue earned from rooms and dividing it by the number of rooms sold.

In the scenario presented above, the lodge has one hundred rooms, but sold only ninety rooms, making $9,000. Therefore, we calculate the ADR as follows:

=> $9,000/90

=> $100.

Therefore the average daily rate is $100, meaning that, on average $100 was made per room that was sold.

4 0
2 years ago
Metlock Company signed a long-term noncancelable purchase commitment with a major supplier to purchase raw materials in 2021 at
denis23 [38]

Answer:

Entry for december 1, 2021:

Purchase Inventory=$853,000

Liability on purchase commitment=$902,900-$853,000

Liability On purchase commitment=$49000

Cash=$902,900

Explanation:

Entry for december 1, 2021:

Purchase Inventory=$853,000

Liability on purchase commitment=$902,900-$853,000

Liability On purchase commitment=$49000

Cash=$902,900

3 0
3 years ago
A factory currently manufactures and sells 800 boats per year. Each boat costs $5,000 to produce. $4,000 of the per-boat costs a
Trava [24]

Answer:

Total unitary cost= $4,800

Explanation:

Giving the following information:

Actual units= 800

Total fixed costs= 1,000*800= 800,000

UNitary variable cost= $4,000

Units increase= 200

<u>On unitary bases, variable costs remain constant. On the contrary, fixed costs vary at a unitary level. Now, the same amount of costs is divided by a larger number of units.</u>

<u></u>

Unitary fixed overhead= 800,000/1,000= $800

Total unitary cost= 4,000  + 800= $4,800

6 0
3 years ago
.Daniel’s team had to analyze the last two vendors across four categories. Which basic characteristic groups of the potential pr
ziro4ka [17]

Answer:

Daniel’s team had to decide the vendor on the following attributes that should be analyzed:  

  1. Innovation :- Credit Issue Group is a money related assistance organization and henceforth the seller needs to have a decent mechanical base to furnish with organization with required administrations on schedule and best in quality.  
  2. Exclusivity: Considering the significance of the administrations, organization may take a gander at the restrictiveness of the administrations that merchant can offer to Credit Issue.  
  3. Complimentary Services offering:- To look if seller has some other contributions to make to the customer that might be complimentary with the fundamental administrations advertised. This can save money on schedule and authoritative work.  
  4. Support:- What support would vendor be able to offer to the organization alongside giving the essential administrations.  
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8 0
3 years ago
Bowzer Co. has just received $2.7 million from the sale of one of its divisions. The company has 375,000 shares outstanding that
Readme [11.4K]

Answer:

$76.93 per share

Explanation:

The computation of ex-dividend stock price is shown below:-

Sale of division = $2,7,00,000

Outstanding shares = 375,000

Dividend per share = Sale of division ÷ Outstanding shares

= $2,7,00,000 ÷ 375,000

= $7.2

Stock price after dividend = Sold shares - Dividend per share

= $84.13 - $7.2

= $76.93 per share

Therefore for computing the stock price per dividend we simply subtract dividend per share from sold shares.

3 0
3 years ago
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