Answer:
a. GDP will increase
b. No effect on GDP
c. GDP will increase
d. GDP will increase
e. GDP will rise
Explanation:
Gross domestic product is the total monetary value of all the finished goods produced in the country during a specific period. When a new house is constructed it will create value for the economy and GDP will rise but when an old house is resold again there is no addition in the monetary value so there will be no effect on GDP.
Answer:
The amount of overhead debited to Work in Process Inventory should be: a. $182,00
Explanation:
The Overheads are Applied in the Manufacturing Costs as:
Budgeted Rate × Actual Activity for the Month
At the End of the Period we would need to determined whether this amount of overhead is Over or Under Applied by comparing it to the actual overheads incurred of $180,000 (given)
In our Case, the predetermined overhead rate is 70% of direct labor cost
<em>Thus we need to find the Direct Labor Cost first</em>:
Total Labor Costs $360,000
<em>Less </em>Indirect Labor Costs<em> </em>$100,000
Direct Labor Cost $260,000
<em>Therefore Overheads applied would be determined as:</em>
= $260,000 × 70%
= $182,000
Explanation:
similarities between marketing research and marketing intelligence systems
- Marketing research and Marketing intelligence systems they both provide information about markets that help the small companies to study and analyze their sales and markets
differences between marketing research and marketing intelligence systems
- Marketing intelligence is available information or data that small business partners used to study the businesses, political and competition.
Marketing intelligence system data gathered repeatedly over time.
- Market Research is not existing data or information. Companies do a survey to collect marketing research data.
Marketing research data gathered at one particular point.
Answer:
Inventory is an Asset.
Explanation:
Inventory is an asset because when a company buys an asset, they are investing in it, because they will sell it and make revenue/profit from it.
Answer: True
Explanation: This quiz question explains the relationship between income and demand.