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3 years ago

refer to the accompanying national income data (in billions of dollars). the gross domestic product for this economy is

Business

1 answer:

jeka943 years ago

4 0

Answer: $623 billion

Explanation:

Gross Domestic Product refers to the final value of the goods and services produced within a country in a certain period which is usually a year.

It can be calculated by several approaches with one of them being the Expenditure approach.

The formula is:

= Consumption + Investment + Government spending + Net exports

= 400 + 88 + 128 + 7

= $623 billion

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Classify each cost as being either variable or fixed with respect to the number of units produced and sold. Also classify each c

masha68 [24]

Answer:

Explanation:

There are primarily two types of costs, i.e. variable costs and the fixed costs. The variable cost is the cost which changes when the level of production changes, whereas the fixed cost is the cost which remains constant whether the level of output changes or not.

The variable costs also include indirect products, indirect labor and manufacturing equipment, and the fixed costs include taxes and depreciation costs.

The period cost is that cost which is related to the selling and admin expenses plus it is not capitalized.

Whereas the product cost is a mix of direct labor, direct material and the manufacturing overhead

So, the categorization is shown below:

1. Hamburger buns in a Wendy's outlet. = variable and product cost

2. Advertising by a dental office. = Fixed and period cost

3. Apples processed and canned by Del Monte. = variable and product cost

4. Shipping canned apples from a Del Monte plant to customers. = variable and period cost

5. Insurance on a Bausch & Lomb factory producing contact lenses. = fixed and product cost

6. Insurance on IBM's corporate headquarters.= fixed and period cost

7 0

3 years ago

In 2013, Salvage Yard Inc. had cash flows from investing activities of ($250,000) and cash flows from financing activities of ($

PIT_PIT [208]

Answer:

$415,000

Explanation:

Following is the formula for cash flow:

Ending Cash Balance = CFO + CFI + CFF + Beginning Cash Balance

CFO = Cash flow from operating activities

CFI = Cash flow from investing activities

CFF = Cash flow from financing activities

We can easily rearrange the formula to find CFO

Ending Cash Balance - CFI - CFF - Beginning Cash Balance = CFO

or

CFO = Ending Cash Balance - CFI - CFF - Beginning Cash Balance

Solution

$CFO=105000-(-250000)-(-150000)-90000$

CFO = $415,000

7 0

2 years ago

Read 2 more answers

The company employs a single employee who works all five weekdays and is paid on the following Monday. The employee works the en

IrinaVladis [17]

Answer: The answer is provided below

Explanation:

Adjusting entries are the entries that are passed at the end of the year. They are passed to adjust the account so as to make them follow the matching principle.

In the calculation attached, it should be noted that the salary expenses was calculated as the amount earned per day by the number of days. This is:

= $800 × 5

= $4000.

The necessary journal has been attached

8 0

3 years ago

social media data may be considered a form of secondary data, since it is information that does not originate as a result of a m

svet-max [94.6K]

social media data may be considered a form of secondary data.

<h3>Why can we consider social media data a form of secondary data?</h3>

There are many different categories of data that may be used in data analytics. For instance, the contrast between qualitative and quantitative data is frequently used. You might also separate your data depending on aspects like sensitivity.

For instance, is it widely known or is it really private?

The source of the data is perhaps the most basic distinction between various forms of data. Are they, specifically, first-party, second-party, or third-party data? These essential data sources all contribute in some manner to the data analytics procedure.

To learn more about secondary data from given link

brainly.com/question/18118203

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2 years ago

Suppose GDP in this country is $1,680 million. Enter the amount for government purchases. National Income Account Value (Million

Nesterboy [21]

I think the answer is A

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2 years ago