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WITCHER [35]
3 years ago
10

Gross Domestic Product Title: Grantham Copyright - Description: Grantham Copyright 2018Use the data chart to answer the question

s below. Consumption $500 Government Expenditures $200 GNP $800 Gross Private Domestic Investment $100 Imports $100 Exports $50
Questions:

1. Using the data above, GDP is equal to __________________.
2. Using the data above, Net Exports is equal to _____________.
3. Using the data above, PCE (Personal Consumption Expenditure) is equal to _____________.
4. If the dollar amounts of the items above are the nominal amounts in year 2017, and the quantities of units are identical in years 2010 and 2017, but prices in 2010 were 20% less than 2017, Real GDP in 2017 using 2010 as the base year is equal to _______________.
Business
1 answer:
adoni [48]3 years ago
7 0

Answer:

1. $ 750

2.  - $ 50

3.   $ 600

4.  $ 600

Explanation:

1. Using the data  GDP = C+I+G+ (X-M)

GDP=  $500 +$100 + $ 200 + ($50-$100)

GDP= $ 800 + (-50)

GDP = $ 750

2. NET EXPORTS = EXPORTS - IMPORTS= $ 50- $ 100= -$50

3. PCE=  Consumption+ Private Domestic Investment= $ 500 + $ 100= $ 600

4. GDP 2017= $ 750 *80%=  $ 600

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3 years ago
For the current year temporary differences existed between the financial statement carrying amounts and the tax basis of the fol
Veseljchak [2.6K]

Answer:

Income Tax Expense (Dr.) $49,080,000

Deferred Tax Liability (Cr.) $49,080,000

Explanation:

Income tax expense = ( Taxable Income for the year + building and equipment taxable amount + Prepaid Insurance - Liability or contingency Loss ) * Tax rate

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8 0
3 years ago
S4-2 (similar to) Question Help Sally's FurnitureSally's Furniture uses departmental overhead rates​ (rather than a plantwide ov
mr_godi [17]

Complete Question:

S4-2 (similar to) Question Help. Sally's Furniture uses departmental overhead rates​ (rather than a plantwide overhead​ rate) to allocate its manufacturing overhead to jobs. The​ company's two production departments have the following departmental overhead​ rates: Cutting​ Department: $8 per machine hour Finishing​ Department: $14 per direct labor hour Job 112112 used the following direct labor hours and machine hours in the two manufacturing​ departments:

Resources used for Job 112112​

                                Cutting        Finishing

Direct Labor Hours      6               10

Machine Hours            6                7

Requirements:

1. How much manufacturing overhead should be allocated to Job 112112​?

2. Assume that direct labor is paid at a rate of $23 per hour and Job 112112 used $2,400 of direct materials. What was the total manufacturing cost of Job 112112​? 1. How much manufacturing overhead should be allocated to Job 112112​? Calculate the total manufacturing overhead for the job by using a formula for each​ department's overhead amount and then adding both amounts together. First determine the formula and overhead for the Cutting Department.

Answer:

Sally's Furniture

1. Manufacturing overhead allocated to Job 112112:

Cutting department = Machine hour rate x machine hours

= $8 x 6 = $48

Finishing department = Direct labor hour  rate x direct labor hours

= $14 x 10 = $140

Total manufacturing overhead = $188 ($48 + 140)

2. Total manufacturing cost of Job 112112:

Direct materials = $2,400

Direct labor        =      368 (16 x $23)

Overhead          =       188

Total cost           = $2,956

Explanation:

a) Data:

Departmental overhead​ rates:

Cutting​ Department: $8 per machine hour

Finishing​ Department: $14 per direct labor hour

b) Job Costing is a costing method that allocates the costs of resources for manufacturing goods and services according to the costs consumed by each job.  Each job becomes a cost center for accumulating costs instead of the process involved in the production.  The system helps management to keep track of the costs of each job.

5 0
3 years ago
A group of nations establishes a free-trade zone. What is the most likely effect?
mixer [17]
The answer is trade increases<span />
4 0
3 years ago
You want to save $98,000 to buy an boat by making an equal, end of year payment into a brokerage account for the next 9 years. I
malfutka [58]

Answer:

Annual deposit= $7,930.11

Explanation:

Giving the following information:

FV= $98,000

n= 9 years

i= 0.0775

<u>To calculate the annual deposit, we need to use the following formula:</u>

<u></u>

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (98,000*0.0775) / [(1.0775^9) - 1]

A= $7,930.11

6 0
3 years ago
Read 2 more answers
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