The growth rate is a measure of the rate at which a country's population is increasing.
The growth rate of a population measures the percentage increase in the value of a quantity.
For example, if the growth rate of a population is 10%, if the town currently has 1000 people, next year population would be: 1000(1.1) = 1100 people.
Factors that leads to increases in a population
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Answer:
• The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government.
• The variety of goods available to consumers.
• The costs of overfishing and other overly intensive uses of resources
Explanation:
The expenditure method for the calculation of the gross domestic product is when every final goods and services that are bought in the country for a particular period of time are all added together. The expenditure method is made up of the expenditure of the consumer, expenditure of the government spending, investments and the net exports.
For the income approach of calculating GDP, it means that the expenditures for the economy and the income for that particular economy must be equal.
The options that are not accounted for or measured inaccurately by either the income or the expenditure methods of calculating GDP for the United States include the value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government, the variety of goods available to consumers and the costs of overfishing and other overly intensive uses of resources.
It should be noted that Federal government paychecks to soldiers is accounted for in the GDP of a country as this is an expenses for the Federal government.
Answer:
Cost of goods manufactured= $350,700
Cost of goods sold= $372,000
Explanation:
The cost of goods manufactured can be calculated as follows
= Direct materials utilized + factory supplies utilized + direct labor + depreciation on plants + property taxes on plant + work in process. January 1 - work in process December 31
= 129,400 + 27,900 + 114,900 + 63,100 + 19,100 + 13,300 -17,000
= $350,700
The cost of goods sold can be calculated as follows
= finished goods on January 1 + cost of goods manufactured - finished goods on December 31
= 69,700 + 350,700 - 48,400
= $372,000
Answer:
$395,000
Explanation:
Bad Debt expense:
= 1.5% of sales will be uncollectible
= 1.5% × $1,000,000
= 0.015 × $1,000,000
= $15,000
Allowance for Doubtful accounts:
= Bad Debt expense - accounts receivable written off
= $15,000 - $10,000
= $5,000
Net realizable value:
= Accounts receivable - Allowance for Doubtful accounts
= $400,000 - $5,000
= $395,000