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3 years ago

Goods 1990 Quantities 1990 Prices 2012 Quantities 2012 Prices

Business

1 answer:

swat323 years ago

7 0

Answer:

Real GDP in 2012 is $92

GDP in 1990 is $51

GDP in 2012 is $86

Explanation:

In this question, we apply the produced goods amount formula which is

= Price × Quantity produced

For Real GDP in 2012, the computation is

= (1990 Papaya price × Quantity produced in 2012) + (1990 fish price × Quantity produced in 2012) + (1990 skirts price × Quantity produced in 2012)

= ($1 × 20) + ($0.60 × 20) + ($4 × $15)

= 20 + 12 + 60

= $92

GDP in 1990 is

= (1990 Papaya price × Quantity produced in 1990) + (1990 fish price × Quantity produced in 1990) + (1990 skirts price × Quantity produced in 1990)

= ($1 × 10) + ($0.60 × 15) + ($4 × 8)

= 10 + 9 + 32

= $51

GDP in 2012 is

= (2012 Papaya price × Quantity produced in 2012) + (2012 fish price × Quantity produced in 2012) + (2012 skirts price × Quantity produced in 2012)

= ($0.50 × 20) + ($0.80 × 20) + ($4 × 15)

= 10 + 16 + 60

= $86

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Masja [62]

Answer:discover where the company's product or brand is on these attributes in the minds of potential customers.

Explanation: The position of a product in the minds of Customers or consumers is a vital factor in determining the sales that can be generated from the product. The perception of potential customers is necessary,so a good marketer or business organisations must ensure that it works to improve upon the perception of its customers concerning it's products or services.

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3 years ago

A large-scale bakery is laying out a new production process for its packaged bread, which it sells to several grocery chains. It

Nataliya [291]

Answer:

840 breads size oven.

Explanation:

According to Little's law,

Inventory = flow rate × flow time

Inventory (I) is the number of flow units that are currently handled by a business process.

I= unknown

Flow rate (R) is the number of flow units going through the business process per unit time.

R= 4200 breads per hour or 70 breads per minute (4200/60)

Flow time (T) is the amount of time a flow unit spends in a business process from beginning to end.

T= 12 minutes.

Inventory = flow rate × flow time

Inventory = 70 breads per minute × 12 minutes

Inventory = 840 breads size oven

Therefore, for the company to produce 4200 breads per minute, 840 breads size oven is required.

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4 years ago

Which of the following statements about entrepreneurs is FALSE? A. Entrepreneurs are people who start a new business. B. Entrepr

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Answer:

C. Entrepreneurs aren’t exposed to any risk when starting a new business.

Explanation:

Entrepreneurs are the person who starts their own business and took a financial risk from the start. Entrepreneurs manage the activities on their own, develop new ideas. and create the team for the benefit of the organization

Therefore, Entrepreneur exposed to the financial risk while starting their own business

hence, the correct option is C.

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3 years ago

On September 1, Year 1, Gomez Company collected $9,000 in advance from a customer for services to be provided over a one-year pe

Margaret [11]

Answer:

d. $9,000; $9,000

Explanation:

As cash received on January 1 in advance to provide service in one year which is completed on December 31. So all the Unearned revenue is recognized because service for 12 month has been performed so whole amount will be reported in Income statement for the year ended December 31. Only cash received is from the service revenue activity so, it is also reported as $9,000. correct option is d. $9,000; $9,000.

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4 years ago

On January 1, Gucci Brothers Inc. started the year with a $705,000 balance in Retained Earnings and a $608,000 balance in common

gtnhenbr [62]

Answer:

Stockholder Equity= $1,414,400

Explanation:

Stockholder Equity is the owners contribution to a business and it is made up of retained earnings and stock.

Stockholder Equity = Common stock + Retained Earnings

Let's track changes in common stock

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Changes in retained earnings

Retained earnings= Starting balance + Income earned - Dividend paid out

Retained earnings= 705,000 + 93,000- 14,100

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Therefore

Stockholder Equity= 630,500+ 783,900

Stockholder Equity= $1,414,400

7 0

3 years ago