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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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mash [69]

World Trade Organization

7 0
3 years ago
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A company's board of directors votes to declare a cash dividend of $1.65 per share of common stock. The company has 33,000 share
umka21 [38]

Answer:

E) $45,375

Explanation:

This is because Authorized shares are the total shares that the company can issue.

There is a difference between issued and outstanding shares of 500 shares, this may be because these shares are currently held by the company itself and thus dividends are payable only on outstanding shares

This gives us 27,500 * 1.65 = $43,375

4 0
3 years ago
As a result of a thorough physical inventory, Coronado Company determined that it had inventory worth $321000 at December 31, 20
Helga [31]

Answer:

The correct cost of inventory that Coronado should report is $367300

Explanation:

The goods sent on consignment still belong to the consignor until they are sold off by the consignee. So, the consignor should add the unsold consignment goods in its inventory. Thus we will add the cost of goods sent on consignment to the value of inventory.

Value of inventory = 321000 + 46300 = $367300

The goods purchased by Coronado on 27 December with FOB destination should not be added to the cost of inventory as with FOB destination terms, the goods do not belong to the buyer until they are delivered to their destination by the seller.

Thus, the correct cost of inventory that Coronado should report is $367300

5 0
3 years ago
An employee who is out of work and actively looking for employment can receive up to 26 weeks of pay through unemployment compen
Goshia [24]
The answer is true. By way of upbringing, unemployment compensation is a package that your state manages and which swaps some of your salaries when you lose your job. Each state's package is dissimilar. Maximum weekly assistances range from a little of about $200 to a high of about $600. In most states, you can acquire up to 26 weeks of benefits. Some states offer fewer; Georgia is the lowest at 18 weeks.
6 0
3 years ago
Joni is considering job offers from two companies. Company A offered her a starting salary of $54,660 with a 4.8% raise at the e
Archy [21]

Answer:

1.048

Explanation:

Data provided in the question:

Starting salary offered by company A = $54,660

Raise in salary by company A = 4.8% = 0.048

Starting salary offered by company B = $61,400

Raise in salary by company A = $2400

Now,

Amount of raise in the salary offered by company A

= 4.8% of $54,660

= 0.048 × $54,660

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Therefore,

Salary after 1 year in company A

= Starting salary + Amount of raise in the salary

= $54,660 + $2,623.68

= $57,283.68

Therefore,

The ratio of Joni's salary one year compared to her salary in the previous year for Company A

= $57,283.68 ÷ $54,660

= 1.048

7 0
3 years ago
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