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Brrunno [24]
3 years ago
8

Suppose there is a simple one good economy that only produces spinning rims. In 2015, the economy was able to produce 1 million

sets of spinning rims at an amazing price of $500 per set. In 2016, the economy was able to produce 1 million sets of spinning rims at a price of $1,000 per set. By what amount did real GDP increase between 2015 and 2016 in the simple one good economy
Business
1 answer:
Alex_Xolod [135]3 years ago
4 0

Answer: 0

Explanation:

Firstly, we will calculate the nominal value in 2015 which will be:

= $500 x 1 million

= $500 million

The nominal value in 2016 will be:

= $1000 x 1 million

= $1 billion

Real GDP will be the price of the base year multiplied by the quantity of the current year which will be:

= $500 million x 1 million sets

= $500 million

Therefore, the increase in real GDP is zero.

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A promise made by a manufacturer or dealer that a product meets certain quality standards and that defective parts will be repla
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C. Warranty and proof the company believes in their product.
8 0
3 years ago
Power Drive Corporation has the following beginning balances in its stockholders' equity accounts on January 1, 2021: Common Sto
Vlad [161]

Answer:

Total Stockholder's Equity = $7,200,000

Explanation:

                                            Power Drive Corporation

                                              Partial Balance Sheet

                                                As on Dec.31, 2021

Stockholder's Equity:

Common Stock                                                             $100,000

Additional Paid in-Capital                                            $4,500,000

Retained Earning at beginning                   $2,000,000

Add: Net income                                             <u>$600,000</u>

Total Retained Earnings                                             <u>$2,600,000</u>  

Total Stockholder's Equity                                         <u>$7,200,000</u>

7 0
3 years ago
Read 2 more answers
While Minimotors has focused on improving production efficiencies, global customers are inquiring about its environmental polici
8_murik_8 [283]

Answer:

The correct answer is letter "B": ISO 14000.

Explanation:

ISO (International Organization for Standardization) 14000 refers to a series of norms in regards to environmental systems management that are related to<em> protection, prevention, pollution, </em>and <em>socio-economic needs</em>. ISO 14000 attempts ton find a balance between economic savings and the decrease of environmental damage.  

Institutions ISO 14000 certified have proven to handle businesses keeping a strong environmental policy. In such a scenario, <em>the engineers investigating Minimotors should review the criteria evaluated at the moment of providing that company the ISO 14000 certification and if they have been following it.</em>

7 0
3 years ago
In a recent year Sunland Company had net income of $360000, interest expense of $72000, and a times interest earned of 10. What
Otrada [13]

Answer:

$648,000

Explanation:

Given that;

Net income = $360,000

Interest expense = $72,000

Times interest earned = 10

Net Income + Interest expense + Tax expense ÷ Interest expense = Times interest earned.

($360,000 + $72,000 + Tax expense) /$72,000 = 10

Tax expense = $288,000

Therefore;

Sunderland's income before taxes for the year

= Net income + Tax expense

= $360,000 + $288,000

= $648,000

4 0
3 years ago
Informal peacemaking and mediation are characterized on the continuum as having __________ personal control by disputants, where
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Answer:

high; low.

Explanation:

A conflict can be defined as any form of disagreement that arises between two or more parties due to opposing views, opinions, or incompatibility.

CALM is a 4-step process for addressing and defusing conflict.

These four step process for conflict resolution or defusing conflicts includes;

I. Clarify (C): this involves finding out more information about what caused the conflict.

II. Ask (A): you should ask the opposing party about the issues while being polite.

III. Listen (L): listen attentively to get more information.

IV. Move forward (M): do not dwell on the past issue after they have been resolved.

Mediation can be defined as an alternative dispute resolution (ADR) approach which involves an impartial and neutral third party who is saddled with the responsibility of proposing a solution to conflict between two or more parties.

Basically, a mediator is a professional trained in conflict or dispute resolution through the use of effective negotiation techniques and communication strategies. Thus, a neutral third party such as a mediator or negotiator from outside an organization or group, who will hear a conflict case via a nonbinding process should be availed the opportunity to make peace between two or more disagreeing parties.

Generally, the disputants (disagreeing parties) generally have a low personal control over an arbitration and litigation while during an informal peacemaking and mediation process, there is a high level of personal control by disputants on the continuum.

3 0
3 years ago
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