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pishuonlain [190]

3 years ago

8

What's the meaning of GDP?

2 answers:

lesya692 [45]3 years ago

5 0

what's the meaning of GDP?

It means <em>Gross domestic product.</em>

Gross domestic product (GDP) is the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.

Gross domestic product tracks the health of a country's economy. It represents the value of all goods and services produced over a specific time period within a country's borders. ... Investors can use GDP to make investments decisions—a bad economy means lower earnings and lower stock prices.

Savatey [412]3 years ago

3 0

Answer:

GDP : Gross domestic product

which is the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.

Explanation:

hope it helps you,

enjoy your day

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Ratzan Corporation uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to jobs. The Corpor

MaRussiya [10]

Answer:

$33.80 per hour

Explanation:

The computation of the predetermined overhead rate is shown below:

= Estimated manufacturing overhead ÷ machine hours

= ($71,000 + $12,100 + $54,900 + $14,000 + $17,000) ÷ (5,000 machine hours)

= $169,000 ÷ 5,000 machine hours

= $33.80 per hour

6 0

3 years ago

On November 1 of the current year, Rob Elliot invested $30,000 of his cash to form a corporation, GGE Enterprises Inc., in excha

andrew-mc [135]

Answer:

1. What is the amount reported for total liabilities and stockholders' equity on December 31?

$56,150 (same as total assets)

2. What is the retained earnings amount reported on December 31?

= total equity - common stock = $37,785 - $30,000 = $7,785

3. How much does GGE Enterprises Inc. owe to its creditors?

accounts payable = $56,150 - $37,785 = $18,365

4. How much cash is being held by GGE Enterprises Inc.?

cash = $56,150 - $8,350 - $15,500 = $32,300

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5. By what amount did retained earnings increase or decrease during the period?

$7,785 - $5,000.00 from Nov. = $2,785

6. What is the amount of profit or loss during December?

profit = increase in retained earnings + dividends = $2,785 + $5,750 = $8,535

7. What were the total expenses for December?

total expenses = fees earned - December's profit = $27,250 - $8,535 = $18,715

8. How much was paid for utilities?

$18,715 - $6,450 - $4,625 - $1,220 - $400 = $205

Explanation:

the numbers are all mixed, so I looked for a similar question:

Cash ? = $56,150 - $8,350 - $15,500 = <u>$32,300</u>

Accounts Receivable $8,350.00

Land $15,500.00

Accounts Payable ? = $56,150 - $37,785 = <u>$18,365</u>

Common Stock ? <u>$30,000</u>

Retained Earnings = $37,785 - $30,000 = <u>$7,785</u> ($5,000.00 from Nov. + $2,785 from Dec.)

Dividends $5,750.00

Fees Earned $27,250.00

Supplies Expense $6,450.00

Utilities Expense ?

Wages Expense $4,625.00

Rent Expense $1,220.00

Miscellaneous Expense $400.00

5 0

4 years ago

Scarcity is the most basic problem in economics true or false

Rasek [7]

True.

I hope this helps! :)

5 0

3 years ago

Read 2 more answers

Plowin' Supply plans to make 15000 tractors at its plant. Fixed costs are $ 540000 and variable costs are $ 200 per tractor. Wh

Bas_tet [7]

Answer:

The average cost per tractor is $236

Explanation:

The average cost is calculated by dividing the sum of variable costs and fixed costs by the quantity of units produced.

Average cost per unit = Total cost of production/Quantity of units produced

Plowin' Supply plans to make 15,000 tractors with fixed costs are $ 540,000 and variable costs are $200 per tractor.

Total variable costs = 15,000 x $200 = $3,000,000

Total cost = Total variable costs + Fixed costs = $3,000,000 + $540,000 = $3,540,000

Average cost per tractor = $3,540,000/15,000 = $236

4 0

3 years ago

If the annual growth rate in Real GDP is 4 percent, then it will take 25 years for the economy to double in size.

AVprozaik [17]

Answer:

False

Explanation:

The growth of 4% for 25 years would nominally signify a 100% increase and you might think that the economy has double its size. But you must take into account that’s this is a compound growth then the economy would reach the double of its size before 25 years.

Think that he initial size of the economy is 10 and it grows 4% then an annual growth will be 10,4 now the compound grow is adding up 0,4 to the initial size of 10. Then you recalculate a growth of 4% for the second year this means 10.816 grow.

If you notice the extra 0.016 increase for the second year is the effect of calculating the 4% increase based on the previous size 10 plus 0.4.

5 0

3 years ago