Who or what determines a country's GDP?

What market structure has many relatively small buyers and sellers, a standardized product, good information to both buyers and

Ganezh [65]

Answer:

Perfect Competition

Explanation:

Perfect competition is a market characterized by many buyers and sellers that have full information and faces no barrier in entry and exit of the markets. It is the ideal form of market structure where competition is at is greatest possible value. The numerous buyers and sellers are engaged in trade of a homogeneous good in the market. It is also characterized by no long run economic profit and no control over prices.

5 0

3 years ago

Read 2 more answers

با ما

Eddi Din [679]

Answer:

Because of product's use of natural resources in its input (1) and dependence on the supply chain system of other companies.

Explanation:

The reason is that all of the companies rely on natural resources that the companies are processing and making it available for the other companies to utilize it to control its cost and complete the production of the products. The energy is a natural resource which every company utilizes and due to this its production is largely dependent on the firms that are processing natural resources to make it available for companies to utilize it.

The next most important thing is supply chain system of natural resource companies that helps the companies like AEC and even an individual to make the use of these natural resources in an efficient and effective manner. If I don't have access to fuel, then I cann't travel and traveling by using horses would be expensive and time consuming. So supply chain system of the other businesses play key role here.

5 0

3 years ago

Last year Oliver Inc had a total assets turnover of 1.60 and an equity multiplier of 1.85. Its sales were $200,000 and its net i

schepotkina [342]

Answer:

7.4%

Explanation:

As we know that

ROE = Profit margin × Total asset turnover × Equity multiplier

where,

Profit margin = (Net income ÷ Sales) × 100

= ($10,000 ÷ $200,000) × 100

= 5%

So, the ROE would be

= 5% × 1.60 × 1.85

= 14.8%

Now if the net income is increased by $5,000

So, the updated profit margin would be

= (Net income ÷ Sales) × 100

= ($15,000 ÷ $200,000) × 100

= 7.5%

And updated ROE would be

= 7.5% × 1.60 × 1.85

= 22.2%

So, the change in ROE would be

= 22.2% - 14.8%

= 7.4%

4 0

4 years ago

Katie wants to be successful in her selling career, so she strives to improve her _____ knowledge by working on her sales abilit

k0ka [10]

Answer:

B. selling-related

Explanation:

Here are the options to this question :

A. customer-related

B. selling-related

C. industry

D. technical

E. market-related

Katie wants to be successful in her selling career, so it is necessary for her to gain knowledge in the field she wants to be successful in. So, she should be improving her selling related knowledge

8 0

3 years ago

Exercise 21-11 Atlanta Company is preparing its manufacturing overhead budget for 2017. Relevant data consist of the following.

Marina CMI [18]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Units to be produced (by quarters): 10,400, 12,400, 14,200, 16,600. Direct labor: Time is 1.7 hours per unit.

Variable overhead costs per direct labor hour:

indirect materials $0.80;

indirect labor $1.30;

maintenance $0.70.

Fixed overhead costs per quarter: supervisory salaries $36,580; depreciation $17,620; and maintenance $13,700.

Manufacturing overhead budget:

First-quarter: (10400 units)

Indirect materials= (0.80*1.7)*10400= $14144

Indirect labor=(1.3*1.7)*10400= 22984

Maintenance= (0.70*1.7)*10400= 12376

Total variable cost= 49504

Fixed costs:

supervisory salaries= $36,580

depreciation= $17,620

maintenance= $13,700.

Total fixed cost= $67900

Total first quarter= $117,404

Second-quarter: (12400 units)

Indirect materials= (0.80*1.7)*12400 = $16864

Indirect labor=(1.3*1.7)*12400 = 27404

Maintenance= (0.70*1.7)*12400 = 14756

Total variable cost= 59024

Fixed costs:

Total fixed cost= $67900

Total cost second quarter= 126,924

Third-quarter: (14200 units)

Indirect materials= (0.80*1.7)*14200 = $19312

Indirect labor=(1.3*1.7)*14200 = 31382

Maintenance= (0.70*1.7)*14200 = 16898

Total variable cost= 67592

Fixed costs:

Total fixed cost= $67900

Total cost third quarter= 135492

Fourth quarter: (16600 units)

Indirect materials= (0.80*1.7)*16600 = $22576

Indirect labor=(1.3*1.7)*16600 = 36686

Maintenance= (0.70*1.7)*16600 = 19754

Total variable cost= 79016

Fixed costs:

Total fixed cost= $67900

Total cost fourth quarter= 146916

Total cost of the year= 117,404 + 126,924 + 135,492 + 146,916= $526,736

3 0

3 years ago