Homework Answers
Option D.
The computer will be counted in the GDP of the nation at the time it is produced and not in the year when it is sold. It will be counted only once to avoid double counting. Thus, a computer that is produced in September 2018, but is not sold to the business until January 2019, will be counted as 2018 GDP as an inventory investment.
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A computer that is produced in September 2018, but is not sold to a business until...
1.67 pts In 2019, Ford Motors produced 40,000 cars and they sold 39,800 of them. How...
1.67 pts In 2019, Ford Motors produced 40,000 cars and they sold 39,800 of them. How do the unsold cars impact GDP in 2019? None of these statements is correct. • The unsold cars are considered inventory and their value will increase investment spending in 2019. The unsold cars are not counted in the GDP for 2019. The unsold cars are considered durable goods, and their value will increase consumption spending in 2019.
In 2019, Ford Motors produced 40,000 cars and they sold 39,800 of them. How do the...
In 2019, Ford Motors produced 40,000 cars and they sold 39,800 of them. How do the unsold cars impact GDP in 2019? None of these statements is correct. The unsold cars are considered inventory and their value will increase investment spending in 2019. The unsold cars are not counted in the GDP for 2019, The unsold cars are considered durable goods, and their value will increase consumption spending in 2019. Previous Next inspiron
A good produced in 2000 and held in inventory until it is sold in 200 would...
A good produced in 2000 and held in inventory until it is sold in 200 would be included in which measure of GDP? a. Half the value in 2000 and half the value in 2001 b. In 2001 GDP c. In both 2000 and 2001 GDP d. In 2000 GDP 10_ Gross domestic product is the total pro-duced within a country in a giv time period. A) market value of all final and intermediate goods and services B) market value...
In 2019, Ford Motors produced 40,000 cars and they sold 39,800 of them. How do the...
In 2019, Ford Motors produced 40,000 cars and they sold 39,800 of them. How do the unsold cars impact GDP in 2019? The unsold cars are considered inventory and their value will increase investment spending in 2019. The unsold cars are considered durable goods, and their value will increase consumption spending in 2019. None of these statements is correct. The unsold cars are not counted in the GDP for 2019. The state government works with local employers to develop training...
2. Assume a Hyundai dealership in Delhi bought 30 Hyundais from Korea at a cost of $15,000 per car in September of 2018. By December 31, 2019 they had sold 20 of the Hyundais at a price of $18,000 each. The remaining Hyundais were sold in January of 2020
2. Assume a Hyundai dealership in
Delhi bought 30 Hyundais from Korea at a cost of $15,000 per car in
September of 2018. By December 31, 2019 they had sold 20 of the Hyundais
at a price of $18,000 each. The remaining Hyundais were sold in January
of 2020 at a price of $16,000 each. How exactly does this affect the
GDP in the Delhi in 2019 and 2020, and which categories of GDP (C, 1, G,
or NX) are...
ECON 250 30. Which of the following is NOT included in U.S. GDP? the estimated rental...
ECON 250 30. Which of the following is NOT included in U.S. GDP? the estimated rental value of owner-occupied housing in the U.S.A. b.US. home grown garden for family consumption c. production of foreign citizens living in the United States d services such as those provided by American lawyers and America hair stylists working in the USA 31. One bag of flour is sold for $2.50 to a bakery, which uses the flour to bake bread. Five loafs of bread...
A. Bank Reconciliation: At 30th September 2019, the balance in the cash account of Wordsworth Co...
A. Bank Reconciliation: At 30th September 2019, the balance in the cash account of Wordsworth Co was $9,300. The bank statement for the same date shows a balance of $10,500. On investigation of the difference between the two sums, it was established that: a. Cheques in the amount of $700 had not yet cleared the bank b. A deposit in the amount of $450 was made late on 30th September and was not shown on the bank statement. A cheque...
Problem 2 (25 points) Computers & Friends sells computer peripherals. At December 31, 2018, Computers & Friends inventory amounted to $150,000. During the first week in January 2018, t...
Problem 2 (25 points) Computers & Friends sells computer peripherals. At December 31, 2018, Computers & Friends inventory amounted to $150,000. During the first week in January 2018, the company made only one purchase and one sale. These transactions were as follows: Purchased 40 keyboards and 80 printers from HP. The total cost of these machines was $28,000. Discount terms 2/10, n/30. Jan. 2 Sold 25 different types of products on account to Georges retail store. The total sales price...
show calculations (excel) On October 1, 2018 - ABC sold 1,000 shares of stock (100%) of...
show calculations (excel)
On October 1, 2018 - ABC sold 1,000 shares of stock (100%) of ABC Co. for $3,500,000. The $3,500,000 was paid directly to ABC in exchange for ABC common stock. The par value of the stock was $1,500/share. ABC Company purchased equipment for $300,000; paying $120,000 cash and financing (through a long-term note) the remaining portion. The interest rate is 5% payable on January 1" of each subsequent year. ABC Company prepaid a year's (12months) worth of...
% P23-32B (similar to) SoundSmart manufactures headphone cases. During September 2018, the company produced and sold...
% P23-32B (similar to) SoundSmart manufactures headphone cases. During September 2018, the company produced and sold 107,000 cases and recorded the following costdata: Click the icon to view the cost data) Read the requirements Requirement 1. Compute the cost and efficiency variances for direct materials and direct labor Begin with the col variances Select the required formulas, compute the cost variances for direct materials and direct labor, and ently whether each variance is favorable (F) or unfavorabile (U) (Abbreviations Formu...
1.67 pts In 2019, Ford Motors produced 40,000 cars and they sold 39,800 of them. How do the unsold cars impact GDP in 2019? None of these statements is correct. • The unsold cars are considered inventory and their value will increase investment spending in 2019. The unsold cars are not counted in the GDP for 2019. The unsold cars are considered durable goods, and their value will increase consumption spending in 2019.
In 2019, Ford Motors produced 40,000 cars and they sold 39,800 of them. How do the unsold cars impact GDP in 2019? None of these statements is correct. The unsold cars are considered inventory and their value will increase investment spending in 2019. The unsold cars are not counted in the GDP for 2019, The unsold cars are considered durable goods, and their value will increase consumption spending in 2019. Previous Next inspiron
A good produced in 2000 and held in inventory until it is sold in 200 would be included in which measure of GDP? a. Half the value in 2000 and half the value in 2001 b. In 2001 GDP c. In both 2000 and 2001 GDP d. In 2000 GDP 10_ Gross domestic product is the total pro-duced within a country in a giv time period. A) market value of all final and intermediate goods and services B) market value...
In 2019, Ford Motors produced 40,000 cars and they sold 39,800 of them. How do the unsold cars impact GDP in 2019? The unsold cars are considered inventory and their value will increase investment spending in 2019. The unsold cars are considered durable goods, and their value will increase consumption spending in 2019. None of these statements is correct. The unsold cars are not counted in the GDP for 2019. The state government works with local employers to develop training...
ECON 250 30. Which of the following is NOT included in U.S. GDP? the estimated rental value of owner-occupied housing in the U.S.A. b.US. home grown garden for family consumption c. production of foreign citizens living in the United States d services such as those provided by American lawyers and America hair stylists working in the USA 31. One bag of flour is sold for $2.50 to a bakery, which uses the flour to bake bread. Five loafs of bread...
A. Bank Reconciliation: At 30th September 2019, the balance in the cash account of Wordsworth Co was $9,300. The bank statement for the same date shows a balance of $10,500. On investigation of the difference between the two sums, it was established that: a. Cheques in the amount of $700 had not yet cleared the bank b. A deposit in the amount of $450 was made late on 30th September and was not shown on the bank statement. A cheque...
Problem 2 (25 points) Computers & Friends sells computer peripherals. At December 31, 2018, Computers & Friends inventory amounted to $150,000. During the first week in January 2018, the company made only one purchase and one sale. These transactions were as follows: Purchased 40 keyboards and 80 printers from HP. The total cost of these machines was $28,000. Discount terms 2/10, n/30. Jan. 2 Sold 25 different types of products on account to Georges retail store. The total sales price...
show calculations (excel)
On October 1, 2018 - ABC sold 1,000 shares of stock (100%) of ABC Co. for $3,500,000. The $3,500,000 was paid directly to ABC in exchange for ABC common stock. The par value of the stock was $1,500/share. ABC Company purchased equipment for $300,000; paying $120,000 cash and financing (through a long-term note) the remaining portion. The interest rate is 5% payable on January 1" of each subsequent year. ABC Company prepaid a year's (12months) worth of...
% P23-32B (similar to) SoundSmart manufactures headphone cases. During September 2018, the company produced and sold 107,000 cases and recorded the following costdata: Click the icon to view the cost data) Read the requirements Requirement 1. Compute the cost and efficiency variances for direct materials and direct labor Begin with the col variances Select the required formulas, compute the cost variances for direct materials and direct labor, and ently whether each variance is favorable (F) or unfavorabile (U) (Abbreviations Formu...
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