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LUCKY_DIMON [66]
3 years ago
7

" Suppose there are only two firms in an economy: Cowhide, Inc. produces leather and sells it to Couches, Inc., which produces a

nd sells leather furniture. With each $1,000 of leather that it buys from Cowhide, Inc., Couches, Inc. produces a couch and sells it for $3,000. Neither firm had any inventory at the beginning of 2006. During that year, Cowhide produced enough leather for 20 couches. Couches, Inc. bought 80% of that leather for $16,000 and promised to buy the remaining 20% for $4,000 in 2007. Couches, Inc. produced 16 couches during 2006 and sold each one during that year for $3,000. What was the economy's GDP for the 2006?"
Business
1 answer:
Lunna [17]3 years ago
8 0

Answer:

The answer is $52,000.

Explanation: When calculating GDP, only finished goods are included in the calculation, items that are used to manufacture other goods are not included in the calculation of GDP.

Therefore, the leather that was bought to produce couches in 2006 will not be included in GDP, because its value is included in the value of couches.

Couches, Inc. produced 16 couches and sold them for $3,000 each, computing that, we have:

16 x $3,000

= $48,000.

However, inventory that Cowhide, Inc. has that is worth $4,000 was produced in 2006 as well, so it is included in the GDP. This item will be included in the GDP because it has not yet been bought to used in manufacturing another item. So the answer is $52,000.

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nordsb [41]

Answer:

Obesity

Explanation:

7 0
2 years ago
Mark and Parveen are the parents of three young children. Mark is a store manager in a local supermarket. His gross salary is $7
netineya [11]

Answer:

$367,500

Explanation:

Estimation of the family’s life insurance needs

Using the easy method

Based on the information given we were told that Mark gross salary is $75,000 while is wife

Parveen is a stay-at-home mom this means that we would be using the easy method to estimate the family’s life insurance needs based on Mark gross salary of $75,000 because he is the only one that earn on a monthly basis.

Insurance need =$75,000 x 7 years x 70%

Insurance need = $367,500

Therefore the family’s life insurance needs will be $367,500

5 0
3 years ago
Mr. Benjamin salgado invested his savings to salgado and delgado construction corporation amounting to php500,000 in cash and eq
ohaa [14]

Answer:

Mr. Benjamin has invested total php 750,000 in Salgado and Delgado construction corporation.  

Explanation:

The investment made by Mr. Benjamin in cash and as an equipment both will be considered as investment made in the company. The percentage of stake will be calculated by considering both forms of investments. Mr. Benjamin will have controlling stake in Salgado and Delgado corporation. The company can receive dividends according to percentage of stake declared by the company.

7 0
2 years ago
Ratchet Manufacturing anticipates total sales for August, September, and October of $200,000, $210,000, and $220,500 respectivel
Pavel [41]

Answer:

The amount of accounts receivable which is to be reported on the company's budgeted balance sheet for August is $150,000

Explanation:

For computing the account receivable balance for the august month, the following adjustment is required which is shown below:

= August sales × credit sale percentage

where,

August sale is $200,000

And, the credit sale percentage is 75% because 25% is cash sale and the remaining 75% is a credit sale

So,

the accounts receivable would be equals to

= $200,000 × 0.75

= $150,000

Hence, the amount of accounts receivable which is to be reported on the company's budgeted balance sheet for August is $150,000

4 0
3 years ago
What two elements do you need to know in order to gauge whether your post-college debt will be affordable?
icang [17]

The two elements we need to know in order to gauge whether your post-college debt will be affordable are given below.

  • Amount owed
  • Future income

Debt entails borrowing money directly, while equity means selling a stake in your company in the hopes of securing economic backing. Both have professional and cons, and many companies pick to use an aggregate of the two financing answers.

Debt approaches the quantity of money which needs to be repaid lower back and financing manner offering price range for use in commercial enterprise sports. A crucial characteristic in debt financing is the reality that you aren't losing ownership of the corporation.

Debt is something owed by way of one party to every other. Examples of debt include amounts owed on credit score cards, car loans, and mortgages.

Learn more about debts here brainly.com/question/1957305

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8 0
1 year ago
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