1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kaheart [24]
3 years ago
10

The country of Alaine produces​ 1,000 tons of corn during a year. It is valued at​ $500 per ton. A lobbyist for the corn industr

y in Alaine argues that the total value of corn production should be included in the​ country's GDP for the same year. The​ lobbyist's claim is based on the assumption that A. domestic production is insufficient to meet the domestic demand for corn. B. only a part of the total corn produced every year is consumed in the same year. C. Alaine is the only country that produces corn. D. corn is not used in the production of other goods. E. Alaine does not export corn to other countries.
Business
1 answer:
Debora [2.8K]3 years ago
5 0

Answer:

D. Corn is not used in the production of other goods.

Explanation:

D is the only option that can be an argument for the total value of the corn produced to be included as corn for the same year in the GDP.

This is due to the fact that only the final production is recorded in the GDP, this means that no goods are registered that are going to be part of other productive processes (generally raw materials) since double accounting would be incurred.

If for example, corn were part of another productive process and this productive process begins next year, that part of the corn used to produce that good would be included in the GDP of the year in which the product will be produced (the one that corn is used in the production).

This means that the lobbyist can only rely on option D (include all the value of corn for the year in which it was produced) if in this country the corn is not part of another productive process.

You might be interested in
Even though the moving averages help highlight the long-run trend of a time series, the moving-average model is not designed for
kobusy [5.1K]

Answer:

Moving averages <em>cannot be used to make future forecasts successfully because certain events like demand, supply ,quality and external factors such as competitions</em> cannot be determined with the use of Moving averages, and these factors have a huge impact on prices

Explanation:

Moving averages are generated / obtained using data from events that occurred previously hence they highlight the long-run trend of a time series, but <em>they cannot be used to make future forecasts successfully because certain events like demand, supply ,quality and external factors such as competitions</em> cannot be determined with the use of Moving averages. and these factors have a huge impact on prices

4 0
2 years ago
JVL Inc. sells its only product for $10 per unit. Variable costs are $4 per unit and total fixed costs are $40,000. The company
natka813 [3]

Answer:

$9,000

Explanation:

Profit = Total revenue - Total cost

Total cost = Total fixed cost + Total variable cost

Fixed cost = $40,000

Variable costs = variable cost per unit × total output = $4 × 10,000 = $40,000

Total cost = $40,000 + $40,000 = $80,000

Total revenue = price × output = $10 × 10,000 = $100,000

Profit = $100,000 - $80,000 = $20,000

If sales increases by 1500, output would be 11,500

Total variable cost = 11500 × $4 = $46,000

Total cost = $40,000 + $46,000 = $86,000

Revenue = $10 x 11500 = $115,000

Profit = $115,000 - $86,000 = $29,000

Increase in profit = $29,000 - $20,000 = $9,000

I hope my answer helps you

4 0
3 years ago
Read 2 more answers
Preparing a Cost of Goods Sold Budget Andrews Company manufactures a line of office chairs. Each chair takes $14 of direct mater
Marta_Voda [28]

Answer:

Cost of goods sold = $960,839

Explanation:

Preparing cost of goods sold budget:

Number of units to be sold = 20,000 - 675 = 19,325

As for the information provided:

Direct Materials = $14 \times 19,325 = $270,550

Direct Labor hours = 1.9 \times 19,325 = 36,717.5

Direct Labor Cost = $16 \times 36,717.5 = $587,480

Variable overhead = $1.20 \times 36,717.5 = $44,061

Fixed overhead  = $1.60 \times 36,717.50 = $58,748

Therefore, cost of goods sold = $960,839.

6 0
3 years ago
What does the CIO of a company do?
Fittoniya [83]
D. Manage the technological areas pf the company
4 0
2 years ago
Ruiz Co. provides the following unit sales forecast for the next three months: Sales units January February March 3,000 4,200 5,
Leokris [45]

Answer:

d. 0 3,120 units.

Explanation:

Consider the following formula to calculate the budgeted production

= Budgeted sales + Desired ending inventory - Beginning inventory available

= 3,000 + (4,200*10%) - 300  Setting the values of the previous formula.

= 3120 units

7 0
3 years ago
Other questions:
  • Ceteris paribus, for the owner of a sawmill, lumber and the sawdust that go into particle board are
    14·1 answer
  • Artur, who has a disability, is an employee of banquet &amp; event facilities &amp; services, inc. after the installation of new
    8·2 answers
  • The master budget is a.typically for a 1-year period corresponding to the fiscal year of the company. b.the selective financial
    12·1 answer
  • Suppose the most you would be willing to pay to have a freshly washed car before going out on a date is $4.00. The smallest amou
    14·2 answers
  • The "invisible hand" concept suggests that
    12·1 answer
  • The sales department of a mutual fund firm sets goals for the next fiscal year to sell a certain number of mutual funds each mon
    5·1 answer
  • A piece of medical equipment costs $350,000, has a useful life of 10 years and a salvage value of 10 percent of the original pur
    6·1 answer
  • Faldo Corp sells on terms that allow customers 45 days to pay for merchandise. Its sales last year were $425,000, and its year-e
    11·1 answer
  • Which of the following sources of income is money made from tenants who live in a property that you own?
    8·2 answers
  • Diferencia entre organizacion, empresa y emprendimiento
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!