Answer:
GDP = 280 billion
Net investment = 10 billion
National income = 270 billion
Explanation:
given data
Consumption = 200
Depreciation = 20
Retained earnings = 12
Gross investment = 30
Imports = 50
Exports = 40
Net foreign factor income = 10
Government purchases = 60
solution
we get here GDP that is express as
GDP = Consumption + Gross investment + Government purchases + Net exports ...................1
Net exports = ( Exports - Imports)
so put here value
GDP = 200 + 30 + 60 + 40 - 50
GDP = 280 billion
and
Net investment will be as
Net investment = Gross investment - Depreciation ...............2
Net investment = 30 -20
Net investment = 10 billion
and
National income = GDP - Depreciation + Net foreign factor income ............3
National income = 280 - 20 + 10
National income = 270 billion
Answer:
Total work in process = $12,900
Explanation:
Provided information,
Cost incurred during the month on this order
Direct Materials = $2,100
Direct Labor = $3,600
Provided overheads are 200% of the direct labor cost = $3,600 
200% = $7,200
Thus month end balance of work in process = $2,100 + $3,600 + $7,200
Total work in process = $12,900
Note: additional information regarding expenses to be incurred is to be ignored, and the above value is the value of work in process.
Total work in process = $12,900
Answer:
The cash received from customers under the direct method is $8,256,000.
Explanation:
Given:
Beginning accounts receivable = Accounts receivable on 12/31/21 = $216,000
Ending accounts receivable = Accounts receivable on 12/31/22 = $360,000
Sales revenue = $8,400,000
Therefore, we have:
Cash received from customers = Beginning accounts receivable + Sales revenue - Ending accounts receivable = $216,000 + $8,400,000 - $360,000 = $8,256,000
Therefore, the cash received from customers under the direct method is $8,256,000.
The total amount accrued, principal plus interest at a rate of 9% per year compounded 1 times per year over 12 years is $1,996,992.00.
<h3>Compound Interest</h3>
Given Data
A = P + I where
P (principal) = $710,000.00
I (interest) = $1,286,992.00
Calculation Steps:
First, convert R as a percent to r as a decimal
r = R/100
r = 9/100
r = 0.09 rate per year,
Then solve the equation for A
A = P(1 + r/n)nt
A = 710,000.00(1 + 0.09/1)(1)(12)
A = 710,000.00(1 + 0.09)(12)
A = $1,996,992.00
Learn more about Compound Interest here:
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Answer:
Generally, you report any portion of a scholarship, a fellowship grant, or other grant that you must include in gross income as follows: If filing Form 1040 (PDF), include the taxable portion in the total amount reported on the "Wages, salaries, tips" line of your tax return
