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
o-na [289]
3 years ago
15

Stan has a summer beach cottage that he has owned for many years. The cottage is valued at $ 125 comma 000. This​ year, Stan spe

nds ​$250 on paint and ​$600 on​ trees, and then paints the exterior of the cottage and plants the trees himself. If he had hired a professional​ painter, it would have cost ​$1 comma 000 to paint the cottage​ (not including the cost of​ paint), and if he had hired a professional​ landscaper, it would have cost ​$450 ​(not including the cost of the​ trees) to do the planting. How much does Stan​'s improvements to the cottage add to GDP this​ year?
Business
1 answer:
anzhelika [568]3 years ago
8 0

Answer:

Case 1. $850

Case 2. $2.300

Explanation:

  • Improvement in cottage would cost (250 + 600) = 850. So, increase in GDP is 850.
  • If he actually hired the painter total cost would be (1.000 + 250 + 450 + 600) = 2.300. So, increase in GDP is 2.300
You might be interested in
For each error below, indicate:
patriot [66]

Answer:

1. Inventory account will be affected and assertions of accuracy and valuation will be violated.

2. Assets are overstated and assertion classification is violated.

3. Liability is understated and assertions of accuracy is violated.

4. No impact.

Explanation:

Assertions are certain claims of a business which a business must fulfill in order to make its financial statements reliable. A company has to record the expense when it is incurred in order to provide accuracy in valuation. In the given cases the assertions are violated which impact business accounts.

8 0
2 years ago
Which of the following are objects that can fulfill needs or wants?
ycow [4]

Answer:

the word objects makes me think B. also, wants can be fulfilled by objects, not tools or economics.

Explanation:

6 0
2 years ago
Joe Corporation produces and sells two products. In the most recent month, Product C90B had sales of $19,950 and variable expens
8_murik_8 [283]

Answer:

Decrease

Explanation:

Calculation to determine overall break-even point for the entire company

Contribution margin for C90B = ($19,950-

$5,985)/$19,950

Contribution margin for C90B = 70%

Contribution margin for Y45E =( $26,190- $10,476)/$26,190

Contribution margin for Y45E= 60%

Therefore Based on the above calculation if the sales mix were to shift toward Product C90B with total dollar sales remaining constant, the overall break-even point for the entire company

Would DECREASE reason been that C90B have more contribution margin ratio of 70% compare to Y45E which had contribution margin ratio of 60%

4 0
2 years ago
Amari and his four best friends decided they would save up and get tickets to see their favorite basketball team play in a nearb
lina2011 [118]
B) mid term goal I would think
7 0
1 year ago
jackson's programming paid its june rent of $500 cash. demonstrate how to use the accounting equation to record the transaction
Irina-Kira [14]

Answer: Jackson would decrease CASH and increase EXPENSES in the accounting equation.

Explanation: Jackson would lose cash by spending his money and his Living expenses will also rise along with it.

7 0
1 year ago
Other questions:
  • Which type of portfolio might a young investor who is not afraid of risk choose?
    9·2 answers
  • When working with compressed air what psi should you reduce to if using the compressed air for cleaning?
    7·2 answers
  • Which shift in the demand curve most likely to describe a company in a monopolistically competitive market that begins to spend
    11·1 answer
  • Identify two different forms of income that are taxable
    14·1 answer
  • Garfield Company produces a commercial cleaning compound called Super Scrub. The direct materials and direct labor standards for
    5·1 answer
  • Anna's family was expecting a lower EFC than they received. Anna's mother suggests changing the Parent's Gross
    9·2 answers
  • The director of hr at multimedia corporation is concerned about some stereotyping which has occurred in the work environment. to
    11·1 answer
  • After purchasing a coffee cup from your local gas station for $5.00, you can always refill your cup for $0.50. The sunk cost of
    8·1 answer
  • If i cancel a booking that redeemed a free night do i lose the free night hotels.com
    13·1 answer
  • according to the international data corporation (idc), what is that crucial ability that will make cloud computing essential for
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!