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xxTIMURxx [149]
2 years ago
10

A farmer grows wheat, which she sells to a miller for $70. The miller turns the wheat into flour, which she sells to a baker for

$120. The baker turns the wheat into bread, which she sells to consumers for $135. Consumers eat the bread. Assume that these transactions account for all economic activity in this economy. GDP in this economy is $ . Value added is defined as the value of a producer's output minus the value of the intermediate goods that the producer buys to make the output.
Business
1 answer:
astra-53 [7]2 years ago
8 0

Answer:

$135

Explanation:

Gross domestic product is the sum of the final goods and services produced in an economy within  a given period which is usually a year

It is only final goods that are included in the calculation of GDP. that value is $135

GDP calculated using the expenditure approach :

GDP = Consumption spending + Business spending + Investment spending + Government spending + Net export

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<span>$322,970 The expression for the cash balance at the end of the month is B = I + R - P where B = Balance at the end of the month. I = Initial balance at the beginning of the month. R = Receipts received during the month. P = Payments made during the month. So let's substitute the known values we have and solve for P B = I + R - P 95230 = 72600 + 345600 - P 95230 = 418200 - P 95230 + P = 418200 P = 322970 So the cash payments made were $322,970</span>
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2 years ago
It will cost $3,000 to acquire a small ice cream cart. cart sales are expected to be $1,400 a year for three years. after the th
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<span>It will cost $3,000 to acquire a small ice cream cart. cart sales are expected to be $1,400 a year for three years. after the three years, the cart is expected to be worthless as that is the expected remaining life of the cooling system. what is the payback period of the ice cream cart? 
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6 0
2 years ago
Dawn Corp. uses a standard cost system. During the year, both the labor rate variance and the labor efficiency variance were unf
Kisachek [45]

Answer:

Option A is the correct answer (Increases - Increases)

Explanation:

If Dawn had allocated the variances to work in progress rather than on cost of goods sold. Current ratio would increases and the net income would increase also. This is because writing off the variances to cost of goods sold would automatically result into a lower operating income than if it was either prorated to work in progress, finished goods, and cost of goods sold.

8 0
2 years ago
What recommendations would you give to Sundar Pichai, CEO of Google, to compete more effectively against Microsoft? To continue
olga55 [171]

Answer: Optimize more ways in how the search engine can reach people better and solve problems with little or no challenges

Explanation:

Google has to look for ways in how the search engines can reach a wider audience and how they can easily answer people's question without much referrals. Most people get tired when they come online to search for an answer to a question and they are being referred severally to other sites and they end up not getting the desired answer at the end f their search. Google should look for ways in designing their tool to provide answers immediately with little or no bulky referrals.

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2 years ago
Which of the following is the surest way to verify the reliability of information from a new or unknown source?
kupik [55]

Answer:

4. Corroborate the information with other sources

Explanation:

The surest way to verify the reliability of information from a new or unknown source is to corroborate the information with other sources.

This simply means that, if you got an information (data) from a new source such as newspaper, website, television, books, radio or anywhere else, you should confirm the credibility and reliability of these information by verifying from one or more sources.

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2 years ago
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