Answer:
The answer is B
Explanation:
GDP is no affected by Scott's production of the jewelry box.
Answer:
a. The purchase of tutoring services from a tutor who holds citizenship outside the country but resides within the country
Explanation:
Gross domestic product knowns as GDP provide the total market value of all produced goods/service in a country within particular period of time. It allows to know the Economic growth rate of a particular country.
GDP can be analysed an calculated using three most common ways ;it can be through
1)expenditures
2)production
3) incomes.
It can be calculated by by the summation of all money spent by government or consumer at a particular period of time. Hence nominal GDP is the value.It gives measures on production. It should be noted that The purchase of tutoring services from a tutor who holds citizenship outside the country but resides within the country is included in the calculation of GDP.
Small economy I think or up close economy
Answer:
= $120,500.00
Explanation:
<em>Flexible budget </em><em>is that which is that which recognizes the cost behavior and is used for control purpose. It is prepared based on the actual level of activity achieved.</em>
Kindly note that the $59,000 depreciation is a fixed cost which do not vary with the hours of production.
The flexible budget for the department will be
<em>Direct Labour budget</em> = ( 51000/3400) × 4,100
= $61,500.00
<em>Equipment depreciation</em>= $59,000
Total flexible budget = $61,500.00 + $59,000
= $120,500.00
Answer:
$33900
Explanation:
Revenues for the year 2018 = $90100
Expenses for the year 2018 = $56200
Use Following formula to calculate Net Income
Net Income = Revenue for the year 2018 - Expenses for the year 2018
Net Income = $901,000 - $562,000
Net Income = $339,000
Net income for the year is $33900. Purchase asset are included in the asset section of balance sheet and dividend payment is deducted from the retained earning balance.
