Answer:
The following scenarios are either not accounted for or measured inaccurately by either the income or the expenditure methods of calculating GDP for the United States
B) The costs of overfishing and other overly intensive uses of resources.
C) The value of baby-sitting services, when the babysitter is paid in cash and the transaction isn't reported to the government.
D) The leisure time enjoyed by Americans
Explanation:
GDP is a tool that is used to measure a nation's economic performance, However, it has limitations due to its exclusion of non-market transactions.
- The limitations identified can be summarized as:
- GDP does not incorporate any measures of welfare.
- GDP only includes market transactions.
- GDP does not describe income distribution.
- GDP does not describe what is being produced.
- GDP ignores externalities.
Answer:
The answer is D.
Explanation:
Inventory turnover is a measure of the number of times inventory is being sold or used during a given period of time.
A high inventory turnover means a company is selling goods very quickly and that demand for their product exists. Low inventory turnover means weaker sales and ing demand for a company's products.
Inventory turnover = Cost of goods sold/Average inventory
Average inventory is:
($110,000 + $90,000)/2
=$100,000
Therefore, inventory turnover ratio:
$270,00//$100,000
2.7
Answer:
the total manufacturing cost per comforter is $120.4
Explanation:
The computation of the total manufacturig cost per comfortor is as follows:
= Cost × activity consumed ÷ Total activity
For material handling
= $12,600 × 4 ÷ 4,200
= $12
For Assembly
= $55,440 × 4 ÷ 4,200
= $52.8
For packaging
= $10,920 × 4 ÷ 1,050
= $41.6
And, the direct material cost is $14
So, the total manufacturing cost per comforter is
= $12 + $52.8 + $41.6 + $14
= $120.4
Hence, the total manufacturing cost per comforter is $120.4
This is the answer but the same is not provided in the given options
Answer and Explanation:
(a)
Variables are given as follows
Total number of cars, C1
Total number of trucks, T1
(b)
Our aim is to maximize the total profit of Green Vehicle Inc.
Max z = 300T1 + 220T1
(c)
In this question, we have limitations, which are
0.025T1 + 0.017C1 ≤ 1
0.020T1 + 0.020C1 ≤ 1
hence attached below are the excel solutions to the problem
