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musickatia [10]
4 years ago
6

Which of the following are included in this year’s GDP? Explain your answer in each case.

Business
1 answer:
cupoosta [38]4 years ago
8 0

Answer:

a. The services of a commercial painter in painting the family home.

No, Not Included , As no monetary/payment transaction is involved for service provided.

b. An auto dealer’s sale of a new car to a non-business customer.

Included , As the sale of car has happened to the final consumer

c. The money received by Smith when she sells her biology textbook to a used-book buyer.

Not included , as nothing new is produced in the economy

d. The publication and sale of a new economics textbook.

Included , As new books are produced in the economy

e. A $2 billion increase in business inventories.  

Included, as this new inventory is produced during this year.

f. Government purchases of newly produced aircraft.

Included , As it's production took place this year and government is final consumer.

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5 0
3 years ago
b. Merchandise purchases were $53,000 and $86,000 for March and April, respectively. Typically, 20% of total purchases are paid
Evgen [1.6K]

Answer:

$58,740

Explanation:

The computation of the cash paid is shown below:

For March month

= March purchase × remaining percentage

= $53,000 × 80%

= $42,400

For April month

= April purchase × given percentage ×  after applying cash discount

= $86,000 × 20% × 95%

= $16,340

So, the total amount of cash paid would be

= $42,400 + $16,340

= $58,740

Simply we multiply the monthly percentage with their percentage criteria

6 0
4 years ago
Korsak Corporation is a service company that measures its output by the number of customers served. The company has provided the
Georgia [21]

Answer:

$22,000F

Explanation:

Calculation to determine what The activity variance for revenue for October would have been closest to:

Activity variance for revenue= (5,500*19) - (5,500*23)

Activity variance for revenue=$104,500-$126,500

Activity variance for travel expense =$ 22000 F

Therefore The activity variance for revenue for October would have been closest to:$22,000 F

7 0
3 years ago
According to Scott, the COO of Barcelona Restaurant Group, employees are given the opportunity and freedom to achieve organizati
Serjik [45]

Answer:

b. contingency approach to management.

Explanation:

The Contingency Approach to management tells us that there is no best style of management.

The Employees should in turn push to encourage to adopt situation specific management approach since It gives them an opportunity to explore new things and problem specific solutions.

6 0
3 years ago
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