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maxonik [38]
3 years ago
12

The Bigdrill company drills for oil, which it sells for $200 million to the Bigoil company to be made into gas. The Bigoil compa

ny's gas is sold for a total of $600 million. What is the total contribution to the country's GDP from companies Bigdrill and Bigoil? $400 million $600 million $200 million $800 million
Business
1 answer:
Anarel [89]3 years ago
7 0

Answer:

$800 million

Explanation:

GDP is the sum of the values of all goods and services produced by an economy in a given period. The calculation of GDP is through the final value of each product, ie, it is not considered the added value of the inputs.  In calculating GDP only the final products of each firm are considered and not the inputs. For example, if a bakery sells bread, bread is counted in the bakery's contribution to GDP, but not flour and other ingredients. These ingredients are accounted for GDP by the producers of these ingredients. The same case applies in oil production. Bigdrill produces $ 200 million in oil and that is its contribution to GDP. Bigoil uses Bigdrill's oil input for gas production, which is its final product for $ 600 million. So Bigoil's contribution is $ 600 million. The sector's total contribution to GDP is the sum of each company's contribution, which gives $ 800 million.

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Explain the nature of promotional plan
kirill [66]

Answer:

A promotional plan of a company refers to the promotional mix. This mix contains decisions regarding the company which would put them on the path of growth and lead them towards success.

This consists of decisions regarding the manufacturing procedures, marketing decisions, market niche decisions, customer care services if required, promotional decisions, planing and strategic organizational decisions and etc.

8 0
2 years ago
Sarah Parks is in the very early stages of putting together a business startup, and is thinking about writing a business plan to
Reptile [31]

Answer:

C. Summary business plan

Explanation:

A "business plan" is very important in order for a person to assess the success of his business. Among the choices above, the best answer is the <em>"Summary business plan." </em>This allows the entrepreneur to summarize the important points needed and to provide solid case of his business idea. This should also be clear and concise because it is going to be read by people who will be investing in the business. Examples of these groups are the <em>banks and investors.</em>

For startup business, it is important to include the following in the summary business plan: <em>business opportunity, target market, business model, marketing and sales strategy, financial analysis, competition, implementation plan, owners/staff, etc.</em>

So, this explains the answer.

4 0
3 years ago
Read 2 more answers
The weekly payroll of Wolverine Corporation is $3,000. Employees work five days per week, Monday through Friday. December 31, 20
ruslelena [56]

Answer:

The answer is: D) Accounts:

                             Salaries Expense: Debit = 1,200

                             Salaries Payable : Credit = 1,200

Explanation:

Salaries expense is a type of expense account (all expense accounts are temporary accounts). When expenses are recorded, they should be debited.

  • Debit record

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Salaries payable is a liability account. When liabilities increase, they should be credited.

  • Credit  record

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6 0
3 years ago
The graph below represents the low-wage labor market demand curve for a U.S. city; there is also a line (MinWg) showing a $12 ho
alexandr402 [8]

The new ordinance will make a difference when the new wages will be binding.

<h3>How to depict the information?</h3>

It should be noted that the supply curve shows the relationship between the price and the quantity supplied.

Based on the information given, when the equilibrium wage is above the minimum wage, the ordinance won't make a difference.

On the other hand, when the equilibrium wage is below the minimum wage, it'll make a difference for the worker.

Therefore, joining the lowest of the two points will give the equilibrium.

Learn more about supply curve on:

brainly.com/question/26430220

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7 0
2 years ago
Tript Corporation has a process costing system and uses the weighted-average method. The company had 3,000 units in work in proc
Alekssandra [29.7K]

Answer:

11,600 units

Explanation:

Equivalent units for conversion costs :

Equivalent units = 10,000 x 100 % + 4,000 x 40 % = 11,600

The equivalent units for February for conversion costs were: 11,600 units

6 0
2 years ago
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