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Mkey [24]
3 years ago
8

Define business inventories and explain how they are counted in GDP.

Business
1 answer:
Liono4ka [1.6K]3 years ago
8 0

Answer:

Business Inventories refer to the excess of goods produced over goods sold. In a given year, final goods and services are produced for sale so they are consumed. However, not all of these goods are consumed with the rest being consumed in another period. These goods that were not sold for consumption will then fall under Business Inventories.

When accounting for them in GDP, only the increase in Inventory is added. This way the inventory is accounted for in the year that it was produced in. Specifically speaking, Inventories fall under the <em>Investment</em> component of GDP and is typically referred to as <em>Inventory Investment</em>.

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Rapid Enterprises applies manufacturing overhead to its cost objects on the basis of 75% of direct material cost. If Job 17X had
lozanna [386]

Answer:

Direct material cost = $112,000

Explanation:

<em>Pre-determined overhead absorption rate rate = Estimated overhead for the period / estimated direct material cost</em>

Pre-determined overhead absorption rate rate (OAR= 75% of direct material cost

Applied overhead = OAR × direct material cost

Applied overhead = 75%  × direct material cost

Let direct material cost be represented by y

84,000= 75% × y

y = 84,000/75%= 112000

Direct material cost = $112,000

5 0
4 years ago
An investment that has earned a high rate of return over the last 5 years will necessarily continue to perform well in the futur
bija089 [108]

The answer is false. The investment is profitable if the total of all the adjusted cash inflows and the outflows is higher than zero. The Positive net cash inflow additionally indicates that the rate of return exceeds the 5% discount rate.

The required rate of return (RRR) for a stock with a high beta in relation to the market should be higher for investors utilizing the inflows CAPM calculation. The Investors must be compensated for the increased level of risk associated with investing in the higher beta stock by the greater RRR in comparison to other the investments with low betas.

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brainly.com/question/15105766

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4 0
2 years ago
One form of online vandalism is __________, in which individuals interfere with or disrupt systems to protest the operations, po
Andrew [12]

Answer:

Hacktivist

Explanation:

Online vandalism  is the defined as when the content of the website us changed without any prior approval or the without any approval of the person. There are many reasons for the websites could be vandalised.

And one of the main issue which motivated the hackticism or hacking, which is usually used in order to draw the attention for the political cause. The hacktivism could involve the electronic graffiti which vandalises the web pages or the websites of the business or person.

4 0
4 years ago
Sometimes applicants are not hired solely because of a wrong impression the employer received during the interview.
pentagon [3]

The correct answer is T (True)

Explanation:

In the process of hiring a new employee, there are many factors employers consider such as experience, knowledge, communicational skills, among others. Besides this, one of the factors that influence employers in this process is the impression they have about candidates. For example, a candidate without enough experience or knowledge might still be hired if the employer had the impression that the candidate is willing to learn and is interested in the job. In the same way, applicants with enough experience and knowledge might not be hired if the employer has a negative impression of them. Thus, it is true some applicants might not be hired only because of a wrong or negative impression the employer had about them during the interview.

7 0
4 years ago
Information related to Riverbed Co. is presented below.
Scrat [10]

Answer:

April 5

Debit : Merchandise  $36,000

Credit : Accounts Payable - Tamarisk Company $36,000

April 6

Debit : Accounts Payable - Tamarisk Company $920

Credit : Cash $920

April 7

Debit : Equipment $30,500

Credit : Accounts Payable $30,500

April 8

Debit : Accounts Payable - Tamarisk Company $4,200

Credit : Merchandise  $4,200

April 15

Debit : Accounts Payable - Tamarisk Company $30,880

Credit : Discount received $926.40

Credit : Cash $29,954

Explanation:

Working for Journal on April 15

Balance = $36,000 - $920 - $4,200

              = $30,880

Discount = $30,880 x 3%

               = $926.40

Amount Paid =  $30,880 - $926.40

                      = $29,954

7 0
3 years ago
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