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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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Pizza Express Inc. began the Year 2 accounting period with $2,500 cash, $1,400 of common stock, and $1,100 of retained earnings.

Anastaziya [24]

Answer:

a) I used an excel spreadsheet since there is not enough room here.

b) Net income = $8,950

Cash flows form operating activities =

Net income $8,950

Adjustments to net income:

Increase in account payable $250

Net cash from operating activities $9,850

Net income is lower because a company must record revenues and expenses when they happen, not when they are associated with cash flows. This is why a company that makes all credit sales might have a large profit, but a small amount of cash (the opposite of this situation).

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3 years ago

Small lean mean agencies which operate on low overheads and do quality work by hiring experts on job basis are called - Options

Harrizon [31]

The answer to this is none of the above. Small lean mean agencies which operate on low overheads and do quality work by hiring experts on job basis are not in the choices. They are not regarded as hot, advertising, or cold shops.

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3 years ago

On an automotive assembly line, Naif Marrot checks to make sure that recently painted car bodies are free of paint bubbles. Othe

raketka [301]

Answer:

division of labor

Explanation:

According to my research on different manufacturing techniques, I can say that based on the information provided within the question the concept being employed in this situation is called division of labor. This is a process in which a larger task is subdivided into smaller easier tasks, in which an individual or group is assigned to each small task and specializes in that section. This method is used to avoid errors in manufacturing.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

7 0

3 years ago

Golden Eagle Company prepares monthly financial statements for its bank. The November 30 adjusted trial balance includes the fol

lilavasa [31]

Answer:

Given Below

Explanation:

Golden Eagle Company

General Journal 

Adjusting Entries December 31st 

Sr. No Particulars Debit Credit

1. Supplies Expense $ 1000 Dr.

Supplies Account $ 1000 Cr.

The supplies that were at the end of Nov have been used and new supplies purchased are still on hand.

2. Insurance Expense $ 1000 Dr.

Prepaid Insurance 1,000 Cr.

Insurance cost is $1,000 per month. Insurance of $1000 expired during the month of December.

3. Salaries Expense $ 14000 Dr.

Salaries Payable $ 14000 Cr.

Salaries for December owed for December are $14,000.

4. Unearned Revenue $ 500 Dr.

Revenue Earned $ 500 Cr.

Defered Revenue earned at the end of December.

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3 years ago

An agent receives an offer of $350,000 on a property that she has listed for $355,000. When she is about to present the offer to

Snowcat [4.5K]

Answer:

b. present both offers at the same time

Explanation:

An agent should be Palin and explicit with his principal and in this sense should present all relevant details that would affect the principal on agreement made. In the above case, the agent must present all offers to the principal regardless of whether they seem unfavourable to the principal/seller and also in a timely manner. It does not matter therefore if the offers don't look good and that the seller is likely to reject it so long as the agent gives all information concerning all offers.

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3 years ago

Read 2 more answers

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