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Anit [1.1K]
2 years ago
8

Which of the following transactions are included in gross domestic product, and by how much does the GDP raise?

Business
1 answer:
seropon [69]2 years ago
5 0

Answer:

A. Smith pays a carpenter $50,000 to build a garage.  ⇒ INCLUDED, increases GDP by $50,000 because Smith paid for the garage.

B. Smith purchases $10,000 worth of materials and builds a garage, which is worth $50,000.  ⇒ INCLUDED, increases GDP by $10,000 only because Smith built the garage himself.

C. Smith goes to the woods, cut down a tree, and uses the wood to build himself a garage that is worth $50,000.  ⇒ NOT INCLUDED, no services or goods were exchanged, it is the same as growing your own food.

D. The Jones family sells its old house to the Reynolds family for $400,000. The Joneses then buy a newly constructed house from a builder for $500,000.  ⇒ INCLUDED, increases GDP by $500,000 because the Joneses purchased anew house.

E. You purchase a used computer from a friend for $200.  ⇒ NOT INCLUDED, only new goods and services are included.

F. Your university purchases a new mainframe computer from IBM, paying $25,000.   ⇒ INCLUDED, increases GDP by $25,000 because the university purchased a new computer.

G. You win $100 in an Atlantic City casino. ⇒ NOT INCLUDED, casino earnings or lottery earnings are not considered new products or services.

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Sales forecasts <u>help auditors understand </u><u>management's strategy</u>

<u>can be used in valuing </u><u>inventory</u>

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What are sales forecasts?

A sales forecast is an indication of predicted sales revenue. What your business expects to sell during a specific time period is estimated by a sales forecast (like a quarter or year). The most accurate sales projections do this. By providing knowledge of the probable behavior of your most valued clients, sales forecasting aids in achieving this revenue efficiency. In addition to enhancing pricing, advertising, and product development, you may forecast future sales. The ability of your business to predict future revenues across particular time periods in order to better manage resources is one of the benefits of sales forecasting.

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4 0
1 year ago
What is the first step in amending the Texas Constitution?
kolezko [41]

Answer:

The answer is below

Explanation:

According to Article 17 of the Texas Constitution which is otherwise known as "Mode of Amending the Constitution of This State"

The first step in amending the Texas Constitution is that the Texas State Legislature must make a proposition of the amendment in a joint resolution, involving both the Texas State Senate and the Texas House of Representatives. This joint resolution, however, can emerge in either the House or the Senate.

3 0
3 years ago
Each of two stocks, A and B, are expected to pay a dividend of $5 in the upcoming year. The expected growth rate of dividends is
Rama09 [41]

Answer:

The intrinsic value of Stock A is 500

Explanation:

According to the DDM method the formula for calculating the intrinsic value of a stock is

Upcoming Dividend/Required rate of return - Growth rate of stock.

Upcoming Dividend of Stock A= 5

Required rate of return on Stock A= 11% or 0.11

Growth rate on stock A= 10% or 0.10

Intrinsic value of stock A=

5/(0.11-0.10)=5/0.01=500

The intrinsic value of Stock A is 500

4 0
3 years ago
Ivory will be giving a presentation for her company to a group of potential clients visiting from Germany, and she is deciding w
VladimirAG [237]

Answer:

A speaker's personal appearance should be consistent with the occasion of the speech.

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First impressions and the appearance of a speaker are  important because generally an audience forms an impression of a speaker  before any words are said.

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2 years ago
A special arrangement of machinery and equipment to focus on production of a single product or group of related​ products" descr
ratelena [41]

Answer:

C.

Explanation:

Is a temporary assembly-line-oriented arrangement of machines and personnel in what is ordinarily a process-oriented facility.

Workcells are designed to improve the process flow and eliminating waste.

Characteristics:

- Reorganizes people and machines into groups to focus on single products or product groups.

- Group technology identifies products that have similar characteristics for particular cells.

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- Cells can be reconfigured as designs or volume changes.

Requirements:

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4 0
3 years ago
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