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2 years ago

Explain how economists use the measure “gross domestic product”

1 answer:

8 0

The Gross Domestic Product measures the value of economic activity within a country. Strictly defined, GDP is the sum of the market values, or prices, of all final goods and services produced in an economy during a period of time.

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General Forge and Foundry Company has a quick ratio of 2.00; $38,250 in cash; $21,250 in accounts receivable; some inventory; to

Vlada [557]

Answer:

The answer is General Forge and Foundry Company selling and replacing its inventory 2.55 times per year on average.

Explanation:

We have:

The company cost of good sold = Sales x 65% = 100,000 x 65% = $65,000

The company inventory = Total current asset - Cash - Account Receivable = 85,000 - 38,250 - 21,250 = $25,500

=> Inventory turn over ratio = Cost of good sold / Inventory = 65,000/25,500 = 2.55 times or the company is selling and replacing its inventory 2.55 times per year.

So, the answer is 2.55 times.

4 0

3 years ago

Define a strong dollar?

lora16 [44]

Answer:

A strong dollar occurs when the U.S. dollar has risen to a level against another currency that is near historically high exchange rates for the other currency relative to the dollar.

Explanation:

3 0

3 years ago

Read 2 more answers

A delivery service is buying 600 tires for its fleet of vehicles. One supplier offers to supply the tires for $80 per tire, paya

Serhud [2]

Answer:

$-573.54

Explanation:

Present value is the sum of discounted cash flows.

Present value can be found using a financial calculator.

For the first supplier

Cash flow in year zero = 0

Cash flow in year 1 = $80 x 600 = $48,000

I = 8.1%

Present value = $44,403.33

For the second supplier,

Cash flow in year zero = $20,000

Cash flow in year one = $45 × 600 = $27,000

I = 8.1%

Present value =$44,976.87

Difference = $44,403.33 -44,976.87 = $-573.54

To find the PV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

5 0

3 years ago

When information taken in through the senses is organized and understood, the process is referred to as _______?

eduard

The process of perception is a way of creating a mental impression that allows a person to become aware, comprehend or analyze information. Through this process, a person generates their own thoughts, judgments, beliefs, ideas and estimations by using visual, audio, taste and sensory elements that they interact with

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3 years ago

________ psychology is a discipline interested in how relationships among employees affect those employees and the performance o

JulijaS [17]

ORGANIZATIONAL psychology is a discipline interested in how relationships among employees affect those employees and the performance of a business. industrial human factors work organizational

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2 years ago