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drek231 [11]
3 years ago
11

In a simple economy suppose that all income is either compensation of employees or profits. Suppose also that there are no indir

ect taxes. All data are in billion dollars:Category ValueConsumption 4,500Gross Investment 1,200Depreciation 655Profits 655Exports 500Compensation of Employees 5240Government Purchases 900Direct Taxes 750Saving 546Imports 550
Find GDP using the

(a) expenditure

(b) income approach.
Business
1 answer:
beks73 [17]3 years ago
3 0

Answer:

Explanation:

Giving the following information:

Consumption 4,500

Gross Investment 1,200

Depreciation 655

Profits 655

Exports 500

Compensation of Employees 5240

Government Purchases 900

Direct Taxes 750

Saving 546

Imports 550

A) GDP=C+I+G+/-NX

GDP= 4,500 + 1,200 + 900 + 500 - 550= 6,550

B) GDP Formula = Total National Income + Sales Taxes + Depreciation + Net Foreign Factor Income

GDP= 655 + 750 + 655 + 5,240= 7,300

Total national income = Sum of rent, salaries, profit.

Sales Taxes = Tax imposed by a government on sales of goods and services.

Depreciation = the decrease in the value of an asset.

Net Foreign Factor Income = Income earn by a foreign factor like the amount of foreign company or foreign person earn from the country and it is also the difference between a country citizen and country earn.

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A survey of 1000 executives ranked _____________ at the top, as the ideal manager's skill. a. listening b. conflict resolution c
kotegsom [21]

Answer:

The correct answer is letter "A": listening.

Explanation:

Ideal manager skills are a set of practices and preferred behaviors high-range executives are expected to have or develop for managerial purposes. Among those aptitudes good communication and organization are vital. That is why listening is very important since managers must listen to their bosses as well as to their subordinates and customers.

7 0
3 years ago
A company had the following purchases and sales during its first year of operations: Purchases Sales January: 10 units at $120 6
Vesna [10]

Answer:

$3540.

Explanation:

FIFO means first in, first out. It means that it is the first purchased inventory that is the first to be sold

Ending inventory comprises of goods bought in May, September and November

cost of the ending inventory :

(4 x $130) + (12 x $135) + (10 x$140) = $3540

6 0
3 years ago
Assume the following information for Teal Mountain Corp.
jek_recluse [69]
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3 0
3 years ago
In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales.1. Cervi
Fofino [41]

Answer:

The entry to record the sales transactions and related taxes for Quartz Company would be as follows:

                Debit         Credit

Cash        $23,100

Sales                             $22,000

Sales taxes                   $1,100

Cash      $13,780

Sales                        $13,000

Sales taxes                $780

Explanation:

In order to prepare the entry to record the sales transactions for Quartz Company we would have to make the following calculation:

According to the given data On April 10, the register totals are sales $22,000 and sales taxes $1,100, hence, cash=$22,000 +$1,100=$23,100

Therefore, the entry to record the sales transactions for Quartz Company would be as follows:

       

                  Debit         Credit

Cash        $23,100

Sales                             $22,000

Sales taxes                   $1,100

In April 15 the cash is $13,780, which includes a 6% sales tax, therefore, the sales would be calculated as follows:

sales=$13,780/6%

sales=$13,000

hence, sales taxes=$780

The entry to record the sales transactions and related taxes for Quartz Company would be as follows:

Cash      $13,780

Sales                        $13,000

Sales taxes                $780

5 0
4 years ago
The geometric average return answers the question What was your return in an average year over a particular period?
Andreyy89

Answer: A. What was your average compounded return per year over a particular period?

Explanation:

Geometric return is calculated by the formula;

= [(1 + r1) * (1 + r2) * (1 + r3) *.... (1 + rn)] ^1/n

This allows for one to calculate the compounding effect over a period of time by showing the compounded annual growth rate which means that it tells what the average compounded return was per year in a particular period.

6 0
3 years ago
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