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STALIN [3.7K]
3 years ago
11

Suppose an economy produces only cranberries and maple syrup. In 2010, 50 units of cranberries are sold at $20 per unit and 100

units of maple syrup are sold at $8 per unit. In 2009, the base year, the price of cranberries was $10 per unit and the price of maple syrup was $15 per unit. For 2010
a. nominal GDP is $1800, real GDP is $2000, and the GDP deflator is 90.b. nominal GDP is $1800, real GDP is $2000, and the GDP deflator is 111.1.c. nominal GDP is $2000, real GDP is $1800, and the GDP deflator is 90.d. nominal GDP is $2000, real GDP is $1800, and the GDP deflator is 111.1.
Business
2 answers:
enot [183]3 years ago
7 0

Answer:

a. nominal GDP is $1800, real GDP is $2000, and the GDP deflator is 90

Explanation:

Gross domestic product is the sum of all final goods and services produced in an economy within a given period which is usually a year..

Nominal GDP is GDP calculated using current year prices.

Real GDP is GDP calculated using base year prices.

Nominal GDP = (50 × $20) + (100 × $8)

= $1800

Real GDP = (50 × $10) + (100 x $15) = $2000

GDP =( nominal GDP/ real GDP) × 100

($1800/$2000) x 100 = 90

I hope my answer helps you

mestny [16]3 years ago
5 0

Answer:

A. 90

Explanation:

nominal GDP = 50*20 + 100*8 = 1800

real GDP = 50*10 + 100*15 = 2000

GDP deflator = (nominal GDP/ real GDP)*100 = (1800/2000)*100 = 90

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IBM signs an agreement to lend one of its customers $200,000 to be repaid in one year at 5% interest. IBM would record this loan
Olenka [21]

Answer:

B. Notes Receivable.

Explanation:

Since the company is signed an agreement for lending out of its customers for $200,000 that could be repaid in one year at 5% interest so it is not revenue not note payable and also not account receivable

Therefore it is a note receivable

Hence, the option b is correct

and, the same is to be considered and relevant

4 0
3 years ago
The Laresen Company uses the machine hour method of applying factory overhead to production. The budgeted factory overhead last
Pani-rosa [81]

Answer:

Total cost= $1,375

Explanation:

Giving the following information:

The budgeted factory overhead last year was $200,000, and there were 40,000 machine hours budgeted.

Job 84:

Direct materials= $900

direct labor hours= 25

Direct labor cost= $350.

First, we need to calculate the manufacturing overhead rate based on direct labor hours:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 200,000/40,000= $5 per direct labor hour

Now, we can calculate the total cost:

Total cost= direct material + direct labor + allocated overhead

Total cost= 900 + 350 + 5*25= $1,375

6 0
3 years ago
A company issued a short-term note payable to a bank with a stated 12 percent rate of interest . The bank charged a .5% loan ori
Mandarinka [93]

Answer:

17%

Explanation:

If a company issued a short-term note payable to a bank with a stated 12 percent rate of interest and in addition the bank charged a .5% loan origination fee and remitted the balance to the company. The effective interest rate paid by the company in this transaction would be 17%

The effective annual interest rate is <u>the interest rate that is actually earned or paid on an investment, loan</u> or other financial product.

Hence, since the company is both paying the initial 5% and the later 12%, effectively the company is paying 17% on the note payable.

8 0
3 years ago
Read 2 more answers
everything else held constant, the interest rate on municipal bonds rises relative to the interest rate on treasury securities w
posledela

Interest rates would increase since the tax-exempt status of municipal bonds would lose some of its appeal and there would be less of a market for them as a result of the lower income tax rates.

When the income tax rate is reduced for municipal bonds, the value of the bonds will also decline because the tax-exempt status for the bonds will also be reduced as a result of the lower income tax rate. Additionally, it lessens the demand for municipal bonds.

To know more about the municipal bond visit here :

brainly.com/question/23962246

#SPJ4

6 0
1 year ago
Soccer Wholesale purchased land and a warehouse for $990,000. In addition to the purchase price, Soccer Wholesale makes the foll
Elan Coil [88]

Answer:

Cost of land= $1,124,100

Explanation:

<em>According to International accounting standards(IAS) 16 ,The cost of land includes purchase cost plus all other costs necessary to bring and make it ready for the intended use. </em>

<em>These costs include purchase cost, fees and commission associated with the purchase transaction. </em>

Further more, included in the historical cost are the net demolition cost of old structure to prepare the land for use. Net cost here means cost of demolition less any incidental proceed from the old structure.

However, remember that land is not depreciated because it has an infinite life span.

So using the historical cost principle the cost of the land

Cost of land = 990,000 + 49,600 +2300 + 6, 900 + 75,300=  1,124,100.00

Cost of land= $1,124,100

6 0
3 years ago
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