Answer:
The answer is A. Plus net receipts of factor income from the rest of the world
Explanation:
Gross National Product (GNP) measures the total output produced by a citizen of a country regardless of whether the production occurs domestically or overseas in a given period of time. while Gross Domestic Product(GDP) is the market value of all final goods and services produced within the economy in a given period of time.
For example, a citizen of United States that produced outside the country will not count for GDP but will count in the GNP.
It is only goods produced within a country that counts for GDP excluding the ones produced outside the country.
But for GNP, it includes GDP and the one outside produced by its citizens
Answer:
Chester Company
Explanation:
Niche Cost Leader Strategy is to set the price for the products as lower than all the competitor's products and still be in profit. Thus by having set the lower prices than competitor's products in the market and achieving profit for the organization.
Chester Company is the strong competitor for the Niche Cost Leader Strategy company based on the given information, and the data as explained below.
- There is very low change in the stock market price ($0.45) and very low variation in closing stock price for the Chester Company. This indicates that the company has stable market stock price.
- Chester has lowest margins (35.8%) and lowest profits $3,144,115, as compared to other companies where as sales is high ($158,062,285), which is close to other companies of high sale value (Andrew - $211,593,184)
- Profit of Chester is lowest as compared to other companies, though sale is good. This indicates that the product price is lower than others. Thus it is strong competitor for niche cost leader Strategy Company.
- Production for the Chester Company is very high against the capacity of the company.
Answer:
360
Explanation:
Kanban is a method that is used to mange workflow in order to assist in visualizing the work and maximize the efficiency of a workers as well as making the workers agile.
The formula for calculating the number of Kanban is given as follows:
Number of Kanban = (Dd × LT × (1 + SS)) ÷ QC .................. (1)
DD = Daily required production level = 250
LT = Lead Time (in minutes) = 30
SS = Safety Stock = 20% = 0.2
QC = Number of squidgets in a container = 25
Substituting the values above into equation (1), we have:
Number of Kanban = (250 × 30 × (1 + 0.2)) ÷ 25
= (250 × 30 × 1.2) ÷ 25
= 9,000 ÷ 25
= 360
Therefore, the number of kanbans to be circulated between Sandy's process and the previous operations is 360.
You would have to divide the number of bushels by the price.
Answer:
(3) $3,750,000
Explanation:
The computation of the expect monthly sales to be as high is shown below:
Given that
Sales per month = $300,000
Royalty payments = 8% of sales
So, the expected monthly sales would be
= Sales per month ÷ Royalty payments percentage
= $300,000 ÷ 8%
= $3,750,000
We simply divided the sales per month by the royalty payment percentage i.e 8%
