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STALIN [3.7K]
2 years ago
10

Can anyone help Please ‍♀️

Business
1 answer:
gayaneshka [121]2 years ago
3 0
Technical college, junior colleges
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Consider a simple example economy where there are two goods, coconuts and restaurant meals (coconut-based). There are two firms.
tekilochka [14]

A) Product Approach

GDP = Value added of all industries

Value added = revenue - intermediate costs

Value added coconut producer = $20,000,000 (it does not have intermediate costs)

Value added restaurant = $30,000,000 - $12,000,000 (cost of coconuts)

                                        = $18,000,000

Value added government = $5,500,000 (collected in taxes, $3 million from the restaurant, $1.5 million from the coconut producer, and $1 million from consumers).

GDP = $20,000,000 + $18,000,000 + $5,500,000

        = $43,000,000

B) Expenditure Approach

GDP = Consumption + Investment + Government Spending + Net Exports

Consumption = $8,000,000 in coconuts + $30,000,000 in meals

                       = $38,000,000

Investment = $0

Government Spending = $5,500,000 in government wages

Net Exports = $0 (it is a closed-economy)

GDP = $38,000,000 + $0 + $5,500,000 + $0

       = $43,500,000

C) Income Approach

Wages = $14,500,000

Corporate Profits  = $24,000,000

Interest income = $500,000

Taxes = $4,500,000

GDP = $43,500,000

e. How does this new piece of information affect your calculations in the expenditure approach? Explain.

GDP under the expenditure approach, would rise by the value of the unsold coconuts ($1 million) as long as the coconuts were harvested in the given year. This is because inventory produced in the given year, is part of that year's GDP.

7 0
3 years ago
Mixed economies can evolve when societies with different kinds of economies interact. True or False
CaHeK987 [17]

The answer here is true, mixed economies can evolve when societies with different kinds of economies interact

4 0
3 years ago
Selected financial data regarding current assets and current liabilities for Queen’s Line, a competitor in the cruise line indus
RSB [31]

Answer:

Current ratio = 0.33 times

Acid test ratio = 0.29 times

Explanation:

• Current ratio

Current ratio = Total current assets ÷ Total current liabilities

= $875 ÷ $2,638

= 0.33 times

• Acid test ratio

Acid test ratio = Quick assets ÷ total current liabilities

Where,

Quick assets = Total current assets - Inventory

= $875 - $116

= $759

Recall total current liabilities = $2,638

Therefore,

Acid test ratio = $759 ÷ $2,638

Acid test ratio = 0.29 times

8 0
2 years ago
Your Aunt Elsa has $500,000 invested at 6.5%, and she plans to retire. She wants to withdraw $40,000 at the beginning of each ye
Ksju [112]

Answer:

22.85

Explanation:

Present value (PV): $500,000

Rate: 6.5% per annual

Payment (PMT) : $40,000 per year

We can use excel to calculate the maximum number of whole payments that can be withdrawn before the account is exhausted

=NPER(rate, PMT, -PV,,1) = NPER (6.5%,40000,-500000,,1) = 22.85

Download xlsx
7 0
3 years ago
Help please !
Molodets [167]

Answer:

YASSSSS HEY

Explanation:

BFIEBFUIWEBPWIUEHUIEHFIUPWEHWE

5 0
2 years ago
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