All categories

3 years ago

Explain the 5 methods used to measures national income

Business

1 answer:

mart [117]3 years ago

3 0

Answer:

National income can be measured through three different methods. The methods are as follows:

1. Product method

In this method National income is determined by the market value of all the final goods and services produced within a nation during a fixed time period.( The goods and Services does not include intermediate goods.)

2. Expenditure method

Under this method the national Income is determined by the total spending on final goods and services which are produced within a nation in a fixed time period.

3. Income method

As the name suggests , national Income under this method is calculated by adding the incomes received by producers.

Explanation:

You might be interested in

The cost per week of running a boarding school is partly constant and partly varies with the number of students in the hostel. i

lora16 [44]

Answer:

the cost for the running the boarding school for 600 students is $61000

Explanation:

Let x be the constant cost and y be the variable cost . then according to the given condition

total cost= x +25y= $3500-------1

x +50y= $6000----------2

Subtracting 1 from 25y= 2500

y= 2500/25= $100-----------3

Putting the value of y from 3 in 1

x+ 25(100)= 3500

x+ 2500= 3500

x= 1000$---------4

Putting the value of y from 3 in 2

x+ 50(100)= 6000

x+ 5000=6000

x= 1000$----------5

Putting the values of x and y in 1 for 600 students

1000+ 600(100) =1000+ 60000= $61000

4 0

4 years ago

Samson's purchased a lot four years ago at a cost of $398,000. At that time, the firm spent $289,000 to build a small retail out

vladimir1956 [14]

Answer:

initial cash flow is 2,929,000

Explanation:

Attached is the table

3 0

4 years ago

Hanson Corp produces three products, and is currently facing a labor shortage – only 3,090 hours are available this month. The s

hammer [34]

Answer and Explanation:

The computation is shown below:

a. Contribution margin per unit

As we know that

Contribution margin per unit = Selling price per unit - variable cost per unit

Particulars Product A Product B Product C

Selling price per unit $76 $56 $66

Variable cost per unit $48 $19 $39

Contribution margin per unit $28 $37 $27

b. Contribution margin per direct labor hour for each product

Contribution margin per direct labor hour = Contribution margin per unit ÷ Direct labor hours per unit

Particulars Product A Product B Product C

Contribution margin per unit $28 $37 $27

Direct labor hours per unit 2.5 3.9 2.9

Contribution margin per direct labor hour $11.2 $9.49 $9.31

c. Based on the contribution margin per direct labor hour, the product that should be more focused is product A

7 0

3 years ago

What is the major difference between an attraction and entertainment?

Black_prince [1.1K]

Hello there.

What is the major difference between an attraction and entertainment?

Attraction- interest

Entertainment- amusement or enjoyment.

Based off that,

Answer: An attraction can be part of a travel package.

8 0

4 years ago

Read 2 more answers

Question 3: what is the total period cost for the month under variable costing?

lesantik [10]

beneath the variable costing technique, all promoting and administrative (constant and variable) fees and glued production overhead is taken into consideration as part of the total period fee. hence, the whole length cost for the month beneath variable costing is $344,000.

underneath variable costing, fixed production overhead is handled as a period price and is charged in complete towards the modern length's profits. 7-2 promoting and administrative charges are dealt with as duration costs underneath both variable costing and absorption costing.

General period expenses encompass any prices that aren't at once related to product production. prison expenses, income commissions, and office components are considered length expenses and have to be recorded as expenses on the balance sheet.

length prices are fees that can't be capitalized on a company's balance sheet. In different phrases, they're expensed in the period incurred and appear at the profits statement. duration fees are also known as length fees.

Learn more about variable costing here: brainly.com/question/6337340

#SPJ4

5 0

2 years ago

Explain the 5 methods used to measures national income​

Explain the 5 methods used to measures national income