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vovangra [49]
3 years ago
6

The _____ adds up the money earned by producers plus taxes paid to the government. income approach product approach expenditure

approach
Business
2 answers:
Nat2105 [25]3 years ago
5 0
The income approach adds up the money earned by producers...
Gnoma [55]3 years ago
5 0

the income approach  the answer

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At the beginning of this year, daily consumption of gasoline in the US amounted to 344 million gallons. It is estimated that for
Shkiper50 [21]

Answer:

335.43 million gallons

Explanation:

price elasticity of demand (PED) = % change in quantity demanded / % change in price

PED = -1.9% / 10% = -0.19, very inelastic

expected price increase $0.40

% change in price = ($3.45 - $3.05) / $3.05 = 13.11%

% change in quantity demanded:

-0.19 = D / 13.11%

D = 2.49%

quantity demanded will decrease by 2.49%, from 344 million gallons to 335.43 million gallons

8 0
3 years ago
ndicate whether each of the following costs should be classified as a product cost or as an SG&A cost in accordance with GAA
Leokris [45]

Answer:

 

Explanation:

The product cost is a combination of direct material cost, direct labor cost, and the manufacturing overhead cost. The manufacturing overhead cost is an indirect cost which is related to the factory expenses.

And, the SG&A cost is a sales, general ,and admin costs incurred to advertise the company's products so that it can accomplish its sales targets which can build a good reputation in the market.

So, the categorization is shown below:

Direct materials used in a manufacturing company. = Product cost

Indirect materials used in a manufacturing company. = Product cost

Salaries of employees working in the accounting department. = sales, general ,and admin costs

Commissions paid to sales staff. = sales, general ,and admin costs

Interest on the mortgage for the company’s corporate headquarters. = sales, general ,and admin costs

Indirect labor used to manufacture inventory. = Product cost

Attorney’s fees paid to protect the company from frivolous law suits. = sales, general ,and admin costs

Research and development costs incurred to create new drugs for a pharmaceutical company. = sales, general ,and admin costs

The cost of secretarial supplies used in a doctor’s office. = sales, general ,and admin costs

Depreciation on the office furniture of the company president. = sales, general ,and admin costs

4 0
3 years ago
Paper Submarine Manufacturing is investigating a lockbox system to reduce its collection time. It has determined the following:
Ostrovityanka [42]

Answer:

-1,185,282.35‬

Explanation:

The average daily collections are the average number of payments times the average value of a payment, so:

Average daily collections = =355 * 945

Average daily collections = $335,475

The present value of the lockbox service is the average daily receipts times the number of days the collection is reduced, so:

     PV = (4 day reduction)( $335,475)

     PV = $1,341,900‬

 The daily cost is a perpetuity. The present value of the cost is the daily cost divided by the daily interest rate. So:      

     PV of cost = (.3*355)/.00068

           PV of cost = $106.5/.00068= $156,617.65

     The firm should take the lockbox service. The NPV of the lockbox is the cost plus the present value of the reduction in collection time, so:

     NPV = $156,617.65 - 1,341,900

           NPV = -1,185,282.35‬

3 0
3 years ago
Read 2 more answers
In January ​3, Sturmer Corporation purchased 2,150 shares of the​ company's ​$10 par value common stock as treasury​ stock, payi
photoshop1234 [79]

Answer:

paid in capital from treasury stock = $10000

Explanation:

on 3rd jan

treasury stock = 2150*9 = 19,350

              cash = 19,350

30 jan

cash = 1000*19 =19,000

treasury stock = 1000*9 = 9000

paid in capital from treasury stock = 19000- 9000 = $10000

3 0
3 years ago
The situation in which expansionary fiscal policy does not lead to a rise in aggregate output is referred to as
devlian [24]

Answer: The situation in which expansionary fiscal policy does not lead to a rise in aggregate output is referred to as

Select one:

a. Fiscal neutrality.

b. Inflation.

c. Complete crowding out

d. A recession.

Explanation:

3 0
3 years ago
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