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3 years ago

Differentiate between GVA at basic prices and expenditure on GDP at market price

Business

1 answer:

Julli [10]3 years ago

5 0

Answer:

Explanation:However, GVA at basic prices will include production taxes and exclude production subsidies available on the commodity. On the other hand, GVA at factor cost includes no taxes and excludes no subsidies and GDP at market prices include both production and product taxes and excludes both production and product subsidies

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One major advantage of pure competition compared to a monopoly is that:

andriy [413]

Answer:businesses have more incentives to keep prices low

Explanation:apex

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3 years ago

A restaurant served 27,000 customers in 2012. in 2014, the restaurant served 28,400 customers. write a linear model that represe

Kitty [74]

<span>You would first need to determine the increase in the number of customer served each year, inferred by the number of customers served in 2014 less the customers served in 2012, divided by 2 to determine single year growth. This gives us: (28,400 - 27,000) /2 = 700 There is a growth of 700 customers /year. Next, formulate the linear model with this information: yy = 700xx + 27,000 where xx is (model year - 2012). Therefore, the number of customers in the year 2020 would be: yy = 700xx + 27,000 yy = (700 * (2020 - 2012)) + 27,000 yy = (700 * 8) + 27,000 yy = 5,600 * 27,000 = 32,600 customers served in 2020</span>

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3 years ago

Read 2 more answers

The Tuck Shop began the current month with inventory costing $19,000, then purchased inventory at a cost of $52,950. The perpetu

DaniilM [7]

Answer:

Inventory shrinkage = $1,322

Explanation:

We know,

Inventory shrinkage = Ending inventory - Actual inventory at hand

Given,

Actual inventory at hand = $13,500

Ending inventory = Beginning inventory + Purchase - Inventory sold(Costing price)

Or, Ending inventory = $19,000 + $52,950 - $57,128

Or, Ending inventory = $71,950 - $57,128

Or, Ending inventory = $14,822

Therefore,

Inventory shrinkage = Ending inventory - Actual inventory at hand

Or, Inventory shrinkage = $14,822 - $13,500

Or, Inventory shrinkage = $1,322

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3 years ago

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Not very, most of the time CO’s are underpaid so they can have mass amounts of them.

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