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3 years ago

Household production, such as baking bread at home, is not included in GDP because it

Business

1 answer:

Mariulka [41]3 years ago

6 0

Answer:

The correct answer is option D.

Explanation:

GDP can be defined as a measure to calculate the economic growth of a nation. It includes the production of final goods and services in the geographical boundaries of a nation.

It does not include home production of goods and services, this is because such goods and services do not involve a market transaction. For instance, if a person is baking bread at home he/she is not being paid for it by anyone.

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In a job order cost accounting system, the journal entry to record the flow of direct materials into production consists of a

Usimov [2.4K]

Answer:

Debit : Work In Process Account and Credit : Raw Materials Account

Explanation:

The Work In Process Account must be increased with the cost of raw materials being transferred to production from the Raw Materials Account.Whilst the Raw Materials Account must be decreased.

8 0

3 years ago

Lily is planning to sell her home, which she bought seven years ago for a total of $168,000.the property value has increased by

abruzzese [7]

The answer is D. $251,700

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3 years ago

Read 2 more answers

Financial ratios that measure a firm's ability to pay its bills over the short run without undue stress are known as _____ ratio

katrin [286]

Answer:

Liquidity ratios

Explanation:

Liquidity ratios measure a company's ability to meet its short term obligations.

Examples of liquidity ratios are :

Current ratio

Quick ratio

Cash ratio

I hope my answer helps you

7 0

3 years ago

High Country Builders currently pays an annual dividend of $1.35 and plans on increasing that amount by 2.5 percent each year. V

Harman [31]

Answer:

Explanation:

Here are the options :

A. market price.

B. dividend yield.

C. capital gains yield.

D. total return.

8 0

2 years ago

Job costing, accounting for manufacturing overhead, budgeted rates. The Pisano Company uses a job-costing system at its Dover, D

Wittaler [7]

Answer:

Budgeted manufacturing overhead rate in the machining department is $49.00 per machine hour. In the finishing department is $52.78 per direct labor hour.

Explanation:

Budgeted manufacturing overhead rate = Budgeted Overheads ÷ Budgeted Activity

Note that ;

1. Machining department has machine- hours as the allocation base.

2.Finishing department has direct manufacturing labor costs as the allocation base

Therefore,

Budgeted manufacturing overhead rate (Machining department) = $9,065,000 ÷ 185,000 = $49.00 per machine hour

Budgeted manufacturing overhead rate (Finishing department) = $8,181,000 ÷ 155,000 = $52.78 per direct labor hour

Conclusion

Budgeted manufacturing overhead rate in the machining department is $49.00 per machine hour. In the finishing department is $52.78 per direct labor hour.

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2 years ago

Household​ production, such as baking bread at​ home, is not included in GDP because it

Household production, such as baking bread at home, is not included in GDP because it