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3 years ago

Why is NDP never greater than GDP.

1 answer:

6 0

Because NDP stands for National Domestic Product which means everything that is produced in the country e.g. the US, and abroad from companies that are American.
Whereas, GDP is just from goods and services made in the country and in its borders.

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Please answer both questions in complete sentences

pogonyaev

Answer:

Number 1 question: payroll taxes

income taxes

wages

short term loans

outstanding expenses

Number 2 question:

In its simplest form, your balance sheet can be divided into two categories: assets and liabilities. Assets are the items your company owns that can provide future economic benefit. Liabilities are what you owe other parties. In short, assets put money in your pocket, and liabilities take money out!

Explanation:

8 0

3 years ago

Although Costco pays its employees substantially more than its closest competitor, Sam’s Club, it has similar financial returns

yuradex [85]

Although Costco pays its employees substantially more than its closest competitor, Sam’s Club, it has similar financial returns on its labor costs due to lower turnover and higher levels of productivity

Option A

Explanation:

While Costco costs its workers slightly more than its closest competitor, Sam's Club, Costco pays higher prices in order to recruit more professionals and to provide better customer service due to lower turnover and a similar financial return.

Direct costs involve wages for staff making a product and employees on the production line, while indirect costs apply to assistance, such as employees repairing factory equipment.

When labor costs are wrongly distributed or measured, the price of goods or services may be changed from their actual costs and profits from losses.

8 0

3 years ago

Katlyn Williams owns a company that makes specialized components for the aerospace industry. Her most important customer is a co

omeli [17]

Answer:

Need to accommodate the growth of a key customer.

Explanation:

In the given scenarios Katlyn is motivated to keep her company growing because her most important customer is a company that is growing at a rate of 33% per year.

To satisfy the customer needs for specialised components of aerospace equipment, Katlyn's company must also grow in output or they will not be able to satisfy the customer's need.

This demonstrates need to accommodate the growth of a key customer.

7 0

3 years ago

Read 2 more answers

Olongapo Sports Corporation distributes two premium golf balls—Flight Dynamic and Sure Shot. Monthly sales and the contribution

Strike441 [17]

Answer:

Product Flight Dynamic Sure Shot Total

Sales $660,000 $340,000 $1,000,000

CM ratio 63% 78% 68.1%

Contribution margin $415,800 $265,200 $681,000

Fixed expenses ($589,500)

Operating income $91,500

1. Prepare a contribution format income statement for the company as a whole.

Revenue $1,000,000

Variable costs ($319000)

Contribution margin $681,000

Period costs ($589,500)

Operating income $91,500

2. What is the company's break-even point in dollar sales based on the current sales mix?

break even point = fixed costs / CM ratio = $589,500 / 0.681 = $865,638.77

3. If sales increase by $59,000 a month, by how much would you expect the monthly net operating income to increase?

operating income would increase by $59,000 x 0.681 = $40,179

4 0

3 years ago

Van Frank Telecommunications has a patent on a cellular transmission process. The company has amortized the $26.10 million cost

AlladinOne [14]

Answer:

Original Cost = $26.10

Annual Amortization (Old) = $26.10 / 9 years

Annual Amortization (Old) = $2.9 million

Amortization till Date (2017 - 2021) = $2.9*4 = $11.6 million

Unamortized Value = $26.10 million - $11.6 million

Unamortized Value = $14.5 million

Remaining Life = 6 - 4

Remaining Life = 2 Years

New Amortization = Unamortized Value/Remaining Life

New Amortization = $14.5/2

New Amortization = $7.25 million

Journal Entry

Amortization Expense Debit - $7.25 million

Patent Credit - $7.25 million

5 0

3 years ago