Suppose a new sandwich restaurant is opening on your street. On the opening day, you order...
Suppose a new sandwich restaurant is opening on your street. On the opening day, you order a sandwich for $15. While you are eating it, you realize that the sandwich is not very good. On the next day, you decide to make the $15 sandwich by yourself. You get all ingredients from the local supermarket for $5. How much does GDP increase by over both days together?
|
a. $5 |
||
|
b. $15 |
||
|
c. $20 |
||
|
d. $30 |
Homework Answers
c. 20
When you make the sandwich your expenditure of $5 will be included as consumption expenditure. So inclusion to gdp is 15+5= 20.
Add Answer to:
Suppose a new sandwich restaurant is opening on your street. On
the opening day, you order...
ECO250 Unit 3 In-Class Exercise You are thinking about opening a restaurant in your neighborhood but...
ECO250 Unit 3 In-Class Exercise You are thinking about opening a restaurant in your neighborhood but before you do so, you decide to do a little research to figure out what your potential market looks like. You randomly select 10 individuals in your neighborhood and ask them how many people live in their household (household size) and how often they dine out each month (restaurant visits). The data you collected is given in the table below. Observation Household size Restaurant...
Suppose your firm receives a $5.00 million order on the last day of the year. You...
Suppose your firm receives a $5.00 million order on the last day of the year. You fill the order with $2.00 million worth of inventory. The customer picks up the entire order the same day and pays $1.00 million up front in cash; you also issue a bill for the customer to pay the remaining balance of $4.00 million within 40 days. Suppose your firm's tax rate is 0% (i.e., ignore taxes). Determine the consequences of this transaction for each...
Suppose your firm receives a $4.62 million order on the last day of the year. You...
Suppose your firm receives a $4.62 million order on the last day of the year. You fill the order with $1.95 million also issue a bill for the customer to pay the remaining balance of $3.40 million within 40 days. Suppose your firm's tax rate is 0% (i.e., ignore taxes). Determine the consequences of this transaction for each of the following: a. Revenues b. Earnings c. Receivables d. Inventory e. Cash a. Revenues Revenues willby million. (Select from the drop-down...
As a recently hired MBA intern, you are working in a consulting capacity to provide an analysis f...
As a recently hired MBA intern, you are working in a consulting capacity to provide an analysis for Al Dente's Italian Restaurant. A financial income Statement is presented below: Sales $2,698,000 Cost of sales (all variable) $1,557,563 Gross Margin $1,140,438 Operating expenses: Variable $277,975 Fixed $213,675 Total operating expenses: $491,650 Administative expenses (all fixed) $564,375 Net operating income $84,413 This income statement presents the sales, expenses and pre-tax operating income for a local eating facility. At Al Dente, the average...
Case Study: Dante and Tiffany both work for an advertising company and were assigned a new...
Case Study: Dante and Tiffany both work for an advertising company and were assigned a new account together. Their manager, who was very intimating with a loud, assertive voice, instructed them to create a proposal for the new customer which included a design for a restaurant logo and advertising slogan to be used on several billboards throughout the area. They had one week to create the proposal before it would be presented to the restaurant owners. Their boss raised his...
As a new graduate, you have taken a management position with Exotic Cuisines, Inc., a restaurant...
As a new graduate, you have taken a management position with Exotic Cuisines, Inc., a restaurant chain that just went public last year. The company’s restaurants specialize in exotic main dishes, using ingredients such as alligator, buffalo, and ostrich. A concern you had going in was that the restaurant business is very risky. However, after some due diligence, you discovered a common misperception about the restaurant industry. It is widely thought that 90 percent of new restaurants close within three...
Introduction For as long as you can remember, you've never been able to get a taco...
Introduction For as long as you can remember, you've never been able to get a taco on Tuesday at your local taco dispensary. The lines are always too long and the staff are very overwhelmed. You take it upon yourself to streamline the taco ordering process to decrease the mean time of getting a taco. You decide to create a process that will take customer orders and print them out in a neat and understandable format. Instructions To increase the...
All About You Many of you will some day own your own business. One rapidly growing...
All About You Many of you will some day own your own business. One rapidly growing opportunity is no-frills workout centers. Such centers attract customers who want to take advantage of state-of-the-art fitness equipment but do not need the other amenities of full-service health clubs. One way to own your own fitness business is to buy a franchise. Snap Fitness is a Minnesota-based business that offers franchise opportunities. For a very low monthly without an annual contract), customers can access...
Congratulations! It has been nine months since you opened your business, and you are off to...
Congratulations! It has been nine months since you opened your business, and you are off to a flying start. You have hired and trained your team, your prospects look good and it is clear you will need to bring on more people to handle the expected increase in business. Your angel investor has approached you about the possibility of expanding your operation. But before he will commit further capital, he wants to see a plan for how you will manage...
Have you ever wondered how many different ways there are to run a small restaurant? Delivering...
Have you ever wondered how many different ways there are to run a small restaurant? Delivering a sit down eating experience is a common process after all. In Japan it is fairly common to have a sushi restaurant that serves sushi on a conveyor belt! Interestingly, these sushi restaurants are typically very inexpensive. In Boston, there is usually at least one of these restaurants. For example, you could try Enso Sushi, but the sushi there is at least $2 per...
ECO250 Unit 3 In-Class Exercise You are thinking about opening a restaurant in your neighborhood but before you do so, you decide to do a little research to figure out what your potential market looks like. You randomly select 10 individuals in your neighborhood and ask them how many people live in their household (household size) and how often they dine out each month (restaurant visits). The data you collected is given in the table below. Observation Household size Restaurant...
Suppose your firm receives a $5.00 million order on the last day of the year. You fill the order with $2.00 million worth of inventory. The customer picks up the entire order the same day and pays $1.00 million up front in cash; you also issue a bill for the customer to pay the remaining balance of $4.00 million within 40 days. Suppose your firm's tax rate is 0% (i.e., ignore taxes). Determine the consequences of this transaction for each...
Suppose your firm receives a $4.62 million order on the last day of the year. You fill the order with $1.95 million also issue a bill for the customer to pay the remaining balance of $3.40 million within 40 days. Suppose your firm's tax rate is 0% (i.e., ignore taxes). Determine the consequences of this transaction for each of the following: a. Revenues b. Earnings c. Receivables d. Inventory e. Cash a. Revenues Revenues willby million. (Select from the drop-down...
Introduction For as long as you can remember, you've never been able to get a taco on Tuesday at your local taco dispensary. The lines are always too long and the staff are very overwhelmed. You take it upon yourself to streamline the taco ordering process to decrease the mean time of getting a taco. You decide to create a process that will take customer orders and print them out in a neat and understandable format. Instructions To increase the...
All About You Many of you will some day own your own business. One rapidly growing opportunity is no-frills workout centers. Such centers attract customers who want to take advantage of state-of-the-art fitness equipment but do not need the other amenities of full-service health clubs. One way to own your own fitness business is to buy a franchise. Snap Fitness is a Minnesota-based business that offers franchise opportunities. For a very low monthly without an annual contract), customers can access...
Most questions answered within 3 hours.
-
For the purposes of this assignment, you are to choose an
adaptive trait common to more...
asked 6 minutes ago -
Two identical flutes can play middle C (262 Hz) at 20◦C. How
many beats per second...
asked 14 minutes ago -
Potassium phosphate and calcium chloride react in a double
replacement reaction. To produce 1.0 moles of...
asked 9 minutes ago -
Sparky, Co. purchased land as a factory site for $600,000.
Sparky paid $42,000 to tear down...
asked 24 minutes ago -
A Chi-square distribution with 14 degrees of freedom is a
correct model for
Question 8 options:...
asked 53 minutes ago -
In a group of 45 mice, there are 10 that have a certain genetic
character. suppose...
asked 34 minutes ago -
Topic: Hydrogenic Atoms
The wavefunction of one of the d orbitals is proportional to sin
θ...
asked 34 minutes ago -
6. Suppose that the Bank of Canada conducts an open market
purchase of $2000 from a...
asked 49 minutes ago -
A) Suppose U=X∙Y3. Find X* and Y*.
B) Suppose U=X3∙Y. Find X* and Y*.
C) Suppose...
asked 58 minutes ago -
The only quantities of good 1 that Barbara can buy are 1 unit or
zero units....
asked 47 minutes ago -
c. Node Admittance matrix and its use in different calculations
of power transmission system. Display the...
asked 56 minutes ago -
Try to get the code down to less than 40 lines. (PYTHON)
import random
fave_number =...
asked 55 minutes ago