Answer:
GU
Model X Model Y
Units completed 8,000 4,000
Number of setups 200 100
Number of orders 3,000 6,000
Machine hours 12,000 9,000
4,000
Number of setups 200 100
Number of orders 3,000 6,000
Machine hours 12,000 9,000
The company's normal activity is 21,000 machine hours.
Calculate the total overhead cost that would
____ is the production of goods or services within an economy and can include anything from farming, to furniture making, to healthcare services.
Answer:
I believe it's a market economy.
Explanation:
how are payday lenders different from a bank or credit union
The payday lenders are different from a bank/credit union because of its mode of repayment services.
What is payday loan?The payday loan is a short-term borrowing based where the lender will usually impose higher-interest credit based on the borrower's income
Let understand that the similarities between the payday lenders and bank/credit union is the credit service they provided to borrowers.
However, what makes the Payday loans different from banks loans is the duration of repayments.
Unlike other types of loans, the payday loans repayment period is usually shorter, a minimum of a month to a maximum of 24 months.
In conclusion, the payday lenders are different from a bank/credit union because of its mode of repayment services.
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what is the difference between buy or sell
Answer:
I hope this helps you
Explanation:
Buying also called purchasing isobtain in exchange for payment.
Selling is the act of giving or handing over something in exchange for money
MARK ME AS BRAINLIEST
Answer:
Buy is when you get a thing in exchange of money and sell is when you get money in exchange of a thing. In selling you gain money and in buying you lose money.
Explanation:
Cavy Company estimates that total factory overhead costs will be $660,000 for the year. Direct labor hours are estimated to be 100,000.
a. Compute the predetermined factory overhead rate. Round your answer to the nearest cent.
$ per direct labor hour
b. Determine the amount of factory overhead applied to Job 345 if the amount of direct labor hours is 560 and to Job 777 if the amount of direct labor hours is 800.
Job 345 $
Job 777 $
c. Journalize the entry to record the factory overhead applied if Jobs 345 and 777 are the only jobs for the period. If an amount box does not require an entry, leave it blank.
Answer and Explanation:
The computation is shown below:
a. The predetermined overhead rate is
= $660,000 ÷ 100,000
= $6.60
(b) The amount is
For Job 345, it is
= 560 hours × $6.60
= $3,696
And,
For Job 777, it is
= 800 hours × $6.60
= $5,280
(c) The journal entry is
Work in Process $8,976
To Factory Overhead $8,976
(Being the factory overhead applied is shown below:
= $3,696 + $5,280
= $8,976
Answer:
According to the case, the five kinds of share are directly relevant and can be calculated from the provided information are:
1. Authorized Capital
2. Issued Capital
3. Un-issued Capital
4. Subscribed Capital
5. Called-up Capital
Explanation:
Authorized Capital:
The authorized capital is known as the registered capital of the company, Authorized capital is the maximum amount of share that a company is authorized to issuing share to its shareholders.
In this case, the Alpha limited company registered on 5th January 2023 with the capital of 500,000 which is divided into 25,000 ordinary shares and the value of each share is Rs. 20.
Issued Capital:
The issued share capital of company is monetary value of shares which legally offers by company to its shareholders.
In this case, the Alpha limited company on 20th of January offered for sale to the public from authorized capital. The company put forward 15,000 and the value of each share is 20 Rs. Consequently, the company’s issued capital is 300,000 Rs (15,000 shares x 20 Rs.) .
Un-issued Capital:
The un-issued share capital reflects the part of authorized capital stock that the company has not yet issued to the public.
In this case, the Alpha limited company has not issued his 10,000 shares, and the value of each share is 20 Rs so its total un-issued capital is Rs. 200,000 (10,000 shares x 20 Rs.).
Subscribed Capital:
The subscribed capital is the portion of issued capital for which the public has been subscribed and the company has accepted.
In this case, the Alpha limited company on 23rd January received applications for 14,500 shares from the public which informed by company’s bank, so the subscribed capital is Rs. 290,000 (14,500 shares x 20 Rs.).
The five kinds of capital that are directly relevant are:
Authorized Capital: Rs. 500,000Issued Capital: Rs. 300,000Un-issued Capital: Rs. 200,000Subscribed Capital: Rs. 290,000Called-up Capital: Rs. 290,000What is a called-up capital?The called-up capital refers to the portion of the subscribed capital that the company has demanded and the shareholders are required to pay.
In this case, the Alpha limited company called up the entire subscribed capital of Rs. 290,000 on 25th January. Therefore, the called-up capital is also Rs. 290,000.
Summarily,
- Authorized Capital: Rs. 500,000
- Issued Capital: Rs. 300,000
- Un-issued Capital: Rs. 200,000
- Subscribed Capital: Rs. 290,000
- Called-up Capital: Rs. 290,000
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You purchased 2,700 shares of the New Fund at a price of $30 per share at the beginning of the year. You paid a front-end load of 3%. The securities in which the fund invests increase in value by 12% during the year. The fund's expense ratio is 1.5%. What is your rate of return on the fund if you sell your shares at the end of the year? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Answer:
Consider a mutual fund with $200 million in net assets (after deducting liabilities) at the start of the year and with 10 million shares outstanding. The fund invests in a portfolio of stocks that provides dividend income at the end of the year of $3 million. The stocks included in the fund's portfolio increase by 6% but no securities are sold and there no capital gains distributions. The fund charges 12b-1 fees of 0.5%. What is the rate of return for an investor in the fund?
Conduct Internet research and find whether your state levies inheritance tax. and how is it different from the federal inheritance tax.
Answer:
My state is Wisconsin, and Wisconsin does not levy a state inheritance tax, nor a estate tax, being one of the 34 states that do not levy any of these two taxes.
This is in contrast with the federal leve, because there is a federal inheritance tax, although with a quite high exemption of around 11 million for individuals, and of 22 million for married couples.
Answer:Inheritance tax is a tax that a person has to pay on money or property inherited after the death of a family member, loved one, and so on. This tax is sometimes referred to as a death tax. It is fundamentally a state tax.
In the federal inheritance or estate tax, the tax value depends on the fair market value of the inheritance. The amount is then levied on the representative of the estate. The taxable amount comes from the value of the estate. Then, the balance goes to the beneficiary of the estate.
As per the state inheritance tax, the beneficiary of the estate must pay the taxable amount. For example, if five family members inherit a property from a deceased relative, each member will individually pay tax on their share of the inheritance
Only eight states have inheritance taxes, these include Indiana, Iowa, Kentucky, Maryland, Nebraska, New Jersey, Pennsylvania, and Tennessee. My state, the state of Texas, does not levy an inheritance tax. Even for states that do levy such taxes, many beneficiaries are exempt from the tax under various circumstances.
Explanation: plutos example after answering question so change it up a little dont use word for word.
Do we need to take classes for our permit to drive and get our license or can we do it without the classes ?
Answer:
I think it depends on state you live in.
Explanation:
different states have diffrent laws for everything so if state law says you have to take a class then take a class.
Question 2 of 20
The United States is considered to have a high standard of living because:
A. its businesses rarely have to pay taxes to the federal government.
B. it receives economic aid from many foreign countries.
C. its citizens and businesses control a large amount of wealth.
D. it ties the value of its currency to gold and other precious metals.
Standard pf living is a way of life and includes the total profitability of the nation. Employment, opportunities and income availability, and ease of affordable goods and services.
The standard of living is generally applied to the location rather than to the individual. It is affected by the factors mentioned above. The US has a high value of life or living due to wealth, income, and housing.Hence the option C is correct.
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Answer: C
Explanation:
Just took the test
The implementation plan should come before the action plan.
False
True
It is False that the implementation plan should come before the action plan.
What is implementation plan?An implementation plan can as well be regarded as strategic plan which provide the outlines of the steps that the team should take when accomplishing a shared goal or objective.
It should be noted that this plan combines strategy as well as process, and action that will be used in the parts of the project .
The major components of an implementation plan are:
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eva always wanted to be a veterinarian
Good for Eva then. lol
Example of a market for a good or service that is not rely on a physical store or location 
An example of a market for a good or service that does not rely on a physical store or location is the online marketplace. With the advent of the internet and e-commerce platforms, businesses and individuals can sell products and services entirely online without the need for a brick-and-mortar store.
Online marketplaces, such as Amazon, eBay, and Alibaba, provide a platform where buyers and sellers can connect and conduct transactions electronically. These platforms enable businesses to showcase their products, provide detailed descriptions, and facilitate secure online payments. Customers can browse through a wide range of products, compare prices, read reviews, and make purchases from the comfort of their own homes.
The online marketplace has revolutionized various industries, including retail, entertainment, travel, and professional services. It allows businesses to reach a global customer base, operate 24/7, and reduce overhead costs associated with physical stores. Additionally, it provides convenience for consumers, who can shop anytime, anywhere, and have products delivered to their doorstep.
Overall, the online marketplace has transformed the way goods and services are bought and sold, offering a virtual alternative to traditional physical stores and locations.
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A strength of Enterprise's Generation X managers is likely to be their _____
Answer:
A strength of Generation X managers is likely to be their ability to provide feedback to employees
Explanation:
mark me brainliest!!
If you were Marshall’s manager how might you increase Marshall’s awareness of the negative impact he is having on his team?
As Marshall's manager, I would increase his awareness of the negative impact he is having on his team by providing specific and constructive feedback on his behavior and its consequences. This would involve having open and honest conversations with Marshall, highlighting examples of how his actions are affecting team morale, productivity, and collaboration.
In order to effectively address Marshall's negative impact on his team, it is important to approach the situation with clarity and professionalism. By providing specific examples of incidents where Marshall's behavior has caused harm, I can help him understand the direct consequences of his actions. This feedback should be delivered in a constructive manner, focusing on the behaviors rather than attacking his character.
By emphasizing the impact on team dynamics, performance, and overall work environment, Marshall can begin to see the need for change. Additionally, it would be beneficial to discuss alternative approaches and provide guidance on how he can improve his interactions with the team. Ongoing feedback and support from me as his manager can help Marshall recognize the negative impact he is having and encourage him to take steps towards positive change.
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Suppose the price elasticity of supply for lumber is 2.4. If the price of lumber increases by 20% how much would the quantity supplied of lumber change
The quantity supplied of lumber would increase by 48% in response to a 20% increase in the price of lumber.
How to calculate by how much would the quantity supplied of lumber changeIf the price elasticity of supply for lumber is 2.4, then we can use the formula:
Elasticity of supply = percentage change in quantity supplied / percentage change in price
Solving for the percentage change in quantity supplied, we get:
Percentage change in quantity supplied = Elasticity of supply * Percentage change in price
Given that the price of lumber increases by 20%, the percentage change in price is 20%.
The percentage change in quantity supplied would be:
Percentage change in quantity supplied = 2.4 * 20% = 48%
Hence, the quantity supplied of lumber would increase by 48% in response to a 20% increase in the price of lumber.
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Catena's Marketing Company has the following adjusted trial balance at the end of the current year. Cash dividends of $640 were declared at the end of the year, and 630 additional shares of common stock ($0.10 par value per share) were issued at the end of the year for $2,520 in cash (for a total at the end of the year of 800 shares). These effects are included below: 130 Catena's Marketing Company Adjusted Trial Balance End of the Current Year Debit Credit Cash $ 1,550 Accounts receivable 2,240 Interest receivable Prepaid insurance 1,640 Long-term notes receivable 2,820 Equipment 15,100 Accumulated depreciation $ 2,940 Accounts payable 2,240 Dividends payable 640 Accrued expenses payable 3,800 Income taxes payable 2,520 Unearned rent revenue 320 Common Stock (800 shares) 80 Additional paid-in capital 3,500 Retained earnings 2,330 Sales revenue 37, 350 Interest revenue 150 Rent revenue 600 Wages expense 18,100 Depreciation expense 1,789 Utilities expense 340 Insurance expense 750 Rent expense 9,300 Income tax expense 2,720 Total $ 56,470 $ 56,470
The preparation of the classified balance sheet for Catena's Marketing Company is as follows:
Catena's Marketing Company
Classified Balance Sheet
At the end of the current year
Assets:
Current assets:
Cash $ 1,550
Accounts receivable 2,240
Interest receivable 121
Prepaid insurance 1,640
Total current assets $5,551
Long-term assets:
Long-term notes receivable $2,820
Equipment $15,100
Accumulated depreciation (2,940) 12,160
Total long-term assets $14,980
Total assets $20,531
Liabilities and Equity:
Liabilities:
Current Liabilities:
Accounts payable $2,240
Dividends payable 640
Accrued expenses payable 3,800
Income taxes payable 2,520
Unearned rent revenue 320
Total current liabilities $9,520
Equity:
Common Stock (800 shares) $80
Additional paid-in capital 3,500
Retained earnings 7,431 $11,011
Total liabilities and equity $20,531
Preparing the Classified Balance Sheet:To prepare the classified Balance Sheet of Catena's Marketing Company, we must first determine the net income and the ending retained earnings as follows:
Income StatementFor the current year
Sales revenue $37, 350
Interest revenue 150
Rent revenue 600
Total revenue $38,100
Expenses:
Wages expense 18,100
Depreciation expense 1,789
Utilities expense 340
Insurance expense 750
Rent expense 9,300
Income tax expense 2,720 32,999
Net income $5,101
Statement of Retained EarningsFor the current year
Retained earnings (previous year) $2,330
Net income 5,101
Retained earnings (current year) $7,431
Note that the effect of the cash dividends declared was already included in the Retained earnings of $2,530.
Data and Calculations:Catena's Marketing Company
Adjusted Trial Balance
End of the Current Year Debit Credit
Cash $ 1,550
Accounts receivable 2,240
Interest receivable 121
Prepaid insurance 1,640
Long-term notes receivable 2,820
Equipment 15,100
Accumulated depreciation $ 2,940
Accounts payable 2,240
Dividends payable 640
Accrued expenses payable 3,800
Income taxes payable 2,520
Unearned rent revenue 320
Common Stock (800 shares) 80
Additional paid-in capital 3,500
Retained earnings 2,330
Sales revenue 37, 350
Interest revenue 150
Rent revenue 600
Wages expense 18,100
Depreciation expense 1,789
Utilities expense 340
Insurance expense 750
Rent expense 9,300
Income tax expense 2,720
Total $ 56,470 $ 56,470
Required:
Prepare a classified Balance Sheet at the end of the current year.
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Alan Krueger conducted a survey of fans at the 2001 Super Bowl who purchased tickets to the game for $325 or $400. Krueger found that (a) 94 percent of those surveyed would not have paid $3,000 for their tickets, and (b) 92 percent of those surveyed would not have sold their tickets for $3,000. These results are an example of A. the failure to ignore sunk costs. B. rational consumer behavior. C. the endowment effect. D. the fallacy of composition.
Answer:
C. the endowment effect
January 4—Sold two ice cream systems to Day Dreamer’s Ice Cream. The estimated direct labor is $8,200.00. The estimated direct material is $3,350.00. The estimated indirect material is $350.00. Day Dreamer’s is to be billed in the amount of $20,925.00 on account. A check for $5,000.00 will be collected as a deposit against that sale. The start date will be January. The date promised will be January 23. Assign the contract to Job 74.
January 4th sold two ice cream systems to Day Dreamer's Ice Cream. THe estimated direct labor is $8,000.00. The estimated direct material is $2,250.00. The estimated indirect material is $350.00. Day Dreamers is to be billed in the amount of $20,925.00 on account. A check for $5,000.00 will be collected as a deposit against that sale. The start date will bew January 7th. The date Promised will be January 23rd.
January 19—Apply from direct materials requisition $2,800.00 of direct materials. Apply from indirect materials requisition $325.00 of indirect materials. Apply from time cards s $7,950.00 of direct labor to Job 74 completing the job.Applied factory overhead is based on 25% of direct labor cost. Transfer the completed job to the COGS account from Direct Material and Indirect Material and Factory Overhead accounts. When making the journal entry for applying direct labor debit COGS for the gross pay and credit FWT Payable and FICA Tax Payable for the appropriate amounts with the net pay going to Salaries Payable
what would all the monthly journal entries be?
When the job is completed, the costs incurred in the Work in Progress account will be transferred to the Finished Goods account.The following are the monthly journal entries:January 4, 20XX: Sold two ice cream systems to Day Dreamer's Ice Cream and the total amount billed on account is $20,925.00. Cash collected on account was $5,000.00.
To record sales on account:
Debit: Accounts Receivable: $20,925
Credit: Sales Revenue: $20,925
To record cash received on account
:Debit: Cash: $5,000
Credit: Accounts Receivable: $5,000
January 7, 20XX: Job 74 began and the direct and indirect materials are requisitioned and job order costs were incurred.
To record the beginning of the job, the following entry will be made:
Debit: Work in Progress: $5,800
Credit: Direct Materials: $2,250
Credit: Indirect Materials: $350
Credit: Direct Labor: $8,000
January 19, 20XX: Direct materials of $2,800 and indirect materials of $325 were used and direct labor costs were incurred amounting to $7,950.00.
To record the use of direct materials:
Debit: Work in Progress: $2,800
Credit: Direct Materials: $2,800
To record the use of indirect materials:Debit: Work in Progress: $325
Credit: Indirect Materials: $325To record the payroll expenses:
Debit: Work in Progress: $7,950
Credit: Salaries Payable: $6,137.50
Credit: FICA Taxes Payable: $612.50
Credit: Federal Withholding Taxes Payable: $200
Credit: State Withholding Taxes Payable: $1,000
To record the application of overhead:Debit: Work in Progress: $1,987.50
Credit: Manufacturing Overhead: $1,987.50.When the job is completed, the costs incurred in the Work in Progress account will be transferred to the Finished Goods account.
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Paragraphs in a business email should be 20 to 40 words long. True False
The ____ major responsibility for keeping all dishes and utensils sanitary
The complete statement is "The food handler's major responsibility for keeping all dishes and utensils sanitary"
Who is a food handler?Generally, A person is considered to be a food handler if they directly touch food, whether it be packaged or unpackaged, as well as the apparatus and utensils used to make or serve food, and/or the surfaces where food is prepared or served.
In conclusion, The whole statement reads as follows: "The food handler has the primary responsibility for maintaining the cleanliness of all dishes and utensils."
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Explain three rights that consumers have when buying a service for example hiring a plumber to install a new shower
The three consumer rights that consumers have when buying a service are the right to be informed, the right to choose, the right to safety.
What are consumer rights?The Consumer Bill of Rights protects consumers. Consumers have the right to be informed, the right to choose, the right to safety, the right to be heard, the right to have problems corrected, the right to consumer education, and the right to service, according to the bill.
Access to essential goods and services such as adequate food, shelter, clothing, health care, education, and sanitation - basic needs that should be available to all consumers - is defined as service.
Therefore, consumer right are essential when buying a service.
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Tanner-UNF Corporation acquired as a long-term investment $240 million of 6% bonds, dated July 1, on July 1, 2016. Company management has the positive intent and ability to hold the bonds until maturity. The market interest rate (yield) was 8% for bonds of similar risk and maturity. Tanner-UNF paid $200 million for the bonds. The company will receive interest semiannually on June 30 and December 31. As a result of changing market conditions, the fair value of the bonds at December 31, 2016 was $210 million.
Required:
1. Prepare the journal entry to record Tanner-UNF’s investment in the bonds on July 1, 2016.
2. Prepare the journal entry by Tanner-UNF to record interest on December 31, 2016, at the effective (market) rate.
3. At what amount will Tanner-UNF report its investment in the December 31, 2016, balance sheet? Why?
4. Suppose Moody’s bond rating agency downgraded the risk rating of the bonds motivating Tanner-UNF to sell the investment on January 2, 2017, for $190 million. Prepare the journal entry to record the sale.
Q: Is there an emergency dentist available in Wednesbury?
Yes, there is an emergency dentist available in Wednesbury.
Where is Wednesbury?Wednesbury is a town located in the West Midlands county of England, United Kingdom. It is situated approximately 9 miles east of Wolverhampton and 4 miles northwest of Birmingham.
Wednesbury is part of the metropolitan borough of Sandwell and is surrounded by other towns such as Walsall, West Bromwich, and Tipton.
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Kelly finds that her intended improvement, a veterinary clinic, is allowed by the zoning classification of her land only if she gets specific approval for that single use. This is most likely an example of:________.
A) a nonconforming use.
B) a variance.
C) an illegal spot zoning.
D) a conditional use permit.
Answer:
D) a conditional use permit.
Explanation:
A conditional use permit is a type of permit which requires the use of the discretion of the state for approval.
In this scenario, Kelly finds that her intended improvement, a veterinary clinic, is allowed by the zoning classification of her land only if she gets specific approval for that single use. This is most likely an example of a conditional use permit.
Finally, Kevin has a client who would like to invest into an account that earns 3% interest, which is compounded annually. The client opens the account with an initial deposit of $5,000, and deposits an additional $5,000 into the account each year thereafter. How much money is in the account after the tenth deposit, assuming no withdrawals or other deposits were made?
In light of the aforementioned circumstance, the account's balance (rounded to the closest dollar) following the tenth deposit is "$56,650."
The phrase "sinking fund" refers to the money set aside by individuals over a defined time period to save for a specific purpose, such as a future capital expense or the repayment of long-term debt. A sinking fund is a clever approach to save money by allocating a small sum each month toward a particular purchase. Sinking funds operate as follows: You'll put money down in one or more categories each month to be utilized later.
Herein shows the way to "$56,650."
\(S = N [ (1+r)^n - 1 ] /rwhere r = 0.030n = 10 yearsN = 5,000S = 5,000 [ (1.030)^10 -1 ]/.030= 5,000 [ 1.34 -1 ]/.030= 5,000 [ 11.33]= $56,650.\)
Accordingly, it can be said that "$56,650" is the right response in this case.
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Question 5
If an individual has a Holland code suggesting Conventional strengths,
career in which field might be most satisfying?
h
O Finance
O Teaching
O Food Service
O Medicine
If an individual has a Holland code suggesting Conventional strengths, the career in finance field might be most satisfying. Thus, the correct answer is option B.
What is a Holland Code?The Holland Codes, also known as the Holland Occupational Themes, are a taxonomy of interests based on a career and vocational choice theory developed by American psychologist John L. Holland.
The Holland Codes are a component of the Strong Interest Inventory, which is used to assess interests. Holland defines the "Conventional Type" as a person who has "a preference for actives that entail the explicit, ordered, systematic manipulation of data . These behavioral tendencies, in turn, lead to the development of clerical, computational, and business system competencies.
Therefore, a career in finance would be appropriate for an individual who has a Holland code suggesting Conventional strengths.
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(5 points)
Willie's Hot Dogs had sales last year of $250,300 and a guest count of 76,079.
Sales this year were $280,750 with a guest count of 83,556.
What was Willie's guest count percentage variance?
Willie's guest count percentage variance is 9.82%.
How to calculate guest count percentageTo calculate the guest count percentage variance
Use the following formula:
Guest count percentage variance = [(current year guest count - prior year guest count) / prior year guest count] x 100%
Guest count percentage variance = [(83,556 - 76,079) / 76,079] x 100%
Guest count percentage variance = (7,477 / 76,079) x 100%
Guest count percentage variance = 0.0982 x 100%
Guest count percentage variance = 9.82%
Therefore, Willie's guest count percentage variance is 9.82%.
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Which element of an advertising plan facilitates a high recall value for an advertisement?
A. advertising strategy
B. creative execution
C. creative media
D. creative idea
The element of an advertising plan which facilitates a high recall value for an advertisement is advertising strategy.
What are the elements of an advertising plan?
An advertising plan is a document created with the goal of matching the most effective message to your audience.
....
Budget.
How much advertising plan you can afford to do.What media options you can afford to persue.How broad a target audience you can attempt to reach.Advertising Strategy: A promoting technique can be characterized as a bit by bit intend to arrive at your clients and to persuade them to purchase your items. A very much arranged publicizing methodology conveys the advantages of your item as well as convince your clients to pick your item over the results of your rivals.
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Answer:cretive idea
Explanation:
For each of the following transactions, indicate whether it represents an increase in the U.S. gross domestic product (GDP), and, if so, state whether it represents U.S. consumption, investment, government purchases of goods or services, or net exports. If the transaction does not change U.S. GDP explain why not?
a. Ms. Scott buys a used Honda Accordfrom her friend Danielle for $7,500.
b. You spent $12,500 on college tuition this year.
c. Pizza Hut buys 100 pounds of cheese from Wisconsin to make pizzas.
d. Mr. Luong is a Chinese citizen who works as a Chemistry teaching assistant at UC Mercedandearns $16,000 a year in salary.
e. A candy store buys $500 worth of chocolates made in Belgium.
f. Boeing produces 5 airplanes but are unable to sell them.
Answer:
a. No change in GDP.
There will be no change in GDP resulting from this transaction. Resales are considered double counting because the good had already been paid for before and so will inflate GDP.
b. GDP increase by $12,500. U.S. Consumption.
This is a consumption transaction as money is being spent to satisfy the need for education. It will therefore increase GDP by $12,500.
c. No change in GDP.
Intermediate goods to be used in production are not included in GDP to avoid double counting. Only the final value of goods and services are included. This is an intermediate good and so will not be included.
d. Increase in GDP $16,000. Government purchase of goods or services.
Mr. Luong works in a Public University which means that his salary is paid for by the government. This will increase GDP by $16,000 as it represents money spent by Government.
e. Decrease in GDP $500. Net Exports.
As this good was bought from outside the country, it is an import. Imports reduce a country's GDP because they reduce the Net exports. GDP will therefore reduce by $500.
f. Increase in GDP by plane value. Investment.
So long as the goods have already been produced in their final form, they will be part of GDP. They will increase GDP by their value and are a part of Investment.
Can anyone please write a summery of everything that happened in the Great depression?