Answer:
Transactions included in the calculation of U.S. GDP:
Transaction C I G X M
1. X
2. M
3. I
4. C
5. G
Explanation:
a) GDP constituents:
Consumption (C) = private consumption expenditures by US households and non-profit-making organizations.
Investment (I) = business expenditures by profit-making organizations for purchase of capital goods or input for further processing.
Government purchases (G) = government spendings for public goods.
Exports (X) = Goods and services moved from the US to other countries.
Imports (M) = Goods and services from other countries into the US.
Answer:
a). Paul - Planning
b). Santiago - Organizing
c). Mathew - Planning
d). Chioe - Organizing
e). Kelly Tomasz - Leading
f). Ava - Controlling
g). Michelle - Organizing
Explanation:
Planning is described as the process of setting up the goals for the organization and formulating a course of action to achieve the intended goals.
Organizing is followed by planning which aims to assign the resources in a specific manner to ensure the effective accomplishment of the goal.
Leading is the process of providing guidance or direction to the staff, employees, and workers and keeps them motivated to ensure the smooth functioning of the process and achievement of optimum output.
Controlling is the last step in which the performances are governed and assessed as per the standards to find any variation.
Answer:
$ 145
Explanation:
Units produced 3,500 units
Sale price $ 200 per unit
Direct materials $ 70 per unit
Direct labor $ 55 per unit
Variable manufacturing overhead $ 20 per unit
Variable Costs = $ 145
Variable selling and administrative costs $ 30 per unit
Total Variable Cost = $ 175* 3500= $ 612500
Fixed manufacturing overhead $ 350,000 per year
Fixed selling and administrative costs $ 150,000 per year
Total Costs $1112500
Total Unit Cost = $112500/3500= $ 317.85
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