Answer:
Only final goods and services are included in the GDP because if intermediate goods were included, then overcounting would occur and the GDP would appear to be much larger than what it really is.
Simply because the money raised by issuing stocks and bonds is used to purchase production factors (capital, materials and labor), it follows the same logic as intermediate goods.
Used goods are not included simply because they were already included in a the GDP of a previous year, whenever they were original sold.
Explanation:
Answer:
$6.40
Explanation:
In this case, the predetermined overhead rate is calculated by dividing total manufacturing overhead expense by the total number of direct labor hours. The overhead expense is divided in two: fixed and variable. Predetermined variable overhead expense is $2.80 and predetermined fixed overhead expense = $36,000 / 10,000 direct labor hours = $3.60.
So the total predetermined overhead rate = $2.80 + $3.60 = $6.40
Answer:
$47840 should be recorded as the cost of the land.
Explanation:
The cost of the land will be=(Price paid for the land+Cost of old building removed+Closing costs)
=($33,100.+$3,330+$11,410)
=$47840
$47840 should be recorded as the cost of the land.
Answer:
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