In getting the GDP or Gross Domestic Product for year 1 and
year 2, you should multiply the price to the quantity of goods sold and add
them all up.
For GDP Year 1
Given:
Quarts of Ice Cream with a price of $6 and 4 quantity of
goods.
Bottle of Shampoo with a price of $5 and 2 quantity of
goods.
Jars of Peanut butter with a price of $3 and 4 quantity of
goods.
= (6 x 4) + (5 x 2) + (3 x 4)
= $46
For GDP Year 2, the same products with different price and
quantity.
= (6 x 6) + (5 x 3) + (3 x 3)
= $60
Answer:
Purple Turtle Group
The cost per period of the trade credit extended to Purple Turtle, rounded to two decimal places, is:______
30%
Explanation:
a) Data and Calculations:
Credit terms = 4/10, net 60
The credit terms imply that the customer allows Purple Turtle Group 4% if it pays within 10 days, and the maximum period of the credit is 60 days.
Computing the difference between discount period and credit period = 60 - 10 = 50 days
Dividing number of days in a year by the above difference = 360/50 = 7.2
7.2 will be used to annualized the discount rate below.
Computing the difference between discount rate and 100% = 96%
Therefore, interest rate offered to customers = 4%/96% = 0.0417
The effective interest rate = 7.2 * 0.0417 = 0.30 = 30%
Answer:
Total overhead= $39,900
Explanation:
Giving the following information:
Variable manufacturing overhead $1.90
<u>First, we need to calculate the total fixed overhead:</u>
Total fixed overhead= 7,800*3.8
Total fixed overhead= $29,640
<u>Now, the total overhead for 5,400 units:</u>
Total variable overhead= 1.9*5,400= 10,260
Total fixed overhead= 29,640
Total overhead= $39,900
Answer and Explanation:
The computation of the contribution margin per pound for each of the three products is shown below:
As we know that
Selling price per pound - Variable cost per pound = Contribution margin
For Product K1
= $155.8 - $91
= $64.8
For Product S5
= $108.92 - $90
= $18.92
For Product G9
=$205.55 - $136
= $69.55
Now the contribution margin per pound is
For Product K1 = Contribution margin ÷ Pound
= 64.8 ÷ 4.2
= 15.43 per pound
For Product S5 = Contribution margin ÷ Pound
= 18.92 ÷ 4.1
= 4.61 per pound
For Product G9 = Contribution margin ÷ Pound
= 69.55 ÷ 5.3
= 13.22 per pound