A steel company sells some steel to a bicycle company for $100. The bicycle company uses...
A steel company sells some steel to a bicycle company for $100. The bicycle company uses the steel to produce a bicycle, which it sells for $200. Taken together, these two transactions contribute a. $100 to GDP. b. $200 to GDP. c. between $200 and $300 to GDP, depending on the profit earned by the bicycle company when it sold the bicycle. d. $300 to GDP.
Homework Answers
Steel used as a intermediate good in the production of final good (bicycle).
Value of intermediate good = $100.
Value of final good = $200.
Contribution in GDP = (value of final good - value of intermediate good)
Contribution in GDP = $200 - $100.
Contribution in GDP = $100.
Answer: option (a).
Add Answer to:
A steel company sells some steel to a bicycle company for $100.
The bicycle company uses...
2. Arthur sells $100 worth of cotton to Bob. Bob turns the cotton into cloth, which...
2. Arthur sells $100 worth of cotton to Bob. Bob turns the cotton into cloth, which he sells to Camille for $300. Camille uses the cloth to make prom dresses that she sells to Donita for $700. Donita sells the dresses for $1,200 to kids attending the prom. Show the flowchart for the breakdown of the total contribution to GDP of this series of transactions.
Which of the following statements is false when a company sells inventory costing $700 for $1,200...
Which of the following statements is false when a company sells inventory costing $700 for $1,200 cash and operating expenses are $200? A. Cost of goods sold is $700. B. Gross profit is $500. C. Net sales increase $500. D. Stockholders' equity increases by net income of $300.
A company sells bicycles for $100 each. It costs the company $75 to make each bicycle....
A company sells bicycles for $100 each. It costs the company $75 to make each bicycle. The company has overhead costs of $25,000. What is the break point for the company? Question 30 options: $100,000 cannot be calculated with information provided 1,000 bicycles 25 25,000 bicycles Question 31 (2 points) A company has COGS expense of $1000, CEO expense of $5000, R&D Expense of $10,000 and Revenue of $16,000. How much is the company's total OPEX expense? Question 31 options:...
Assume the price of steel per ton is 100$/ton for a steel factory when the factory...
Assume the price of steel per ton is 100$/ton for a steel factory when the factory sells 100 tons perd ay. Also, assume for each additional 100 tons the price falls 7.5$. Assume in order to produce per 100 ton the factory employs 10 workers. Assume daily wage is 100$ per day. Take 100 tons as 1 unit. Also, assume the number of workers company hires and fires is a factor of 10. So calculate whenever you calculate marginal calculate,...
3. The U.S. can produce either 100 tons of rice or 50 tons of steel (or...
3. The U.S. can produce either 100 tons of rice or 50 tons of steel (or some combination in between) per day. Japan can produce either 40 tons of rice or 40 tons of steel (or some combination in between) per day a. The U.S. has an absolute advantage at producing which product(s)? b. The U.S. has a comparative advantage at producing which product(s)? c. Japan has an absolute advantage at producing which product(s)? d. Japan has a comparative advantage...
TB EX Qu. 6-206 During 2021, a company sells... During 2021, a company sells 300 units...
TB EX Qu. 6-206 During 2021, a company sells... During 2021, a company sells 300 units of inventory for $92 each. The company has the following inventory purchase transactions for 2021 Date Transaction Jan. 1 Beginning inventory May 5 Purchase Nov. 3 Purchase Number of Units 66 169 100 415 Unit Cost 564 65 67 Total Cost $ 4,224 10,985 12,060 $27,269 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses FIFO. Ending inventory Cost...
(BONUS QUESTION) Question 41: A farmer produces 300 eggs, which she sells to a retailer for...
(BONUS QUESTION) Question 41: A farmer produces 300 eggs, which she sells to a retailer for $150. The retailer puts the eggs in nice looking packages. She sells half of the eggs to a baker for $100 to bake a pie and she sells the other half of the eggs to her customers for $100 and the costumers eat the eggs. Also, the baker turns the eggs into a pie, which she sells to consumers for $200. Consumers eat the...
QUESTION 3 pol is a company that sells smartphone. It relies on two companies: x and y to help manufacture some components in the smartphone. The cost in RM to manufacture some components in the smar...
QUESTION 3 pol is a company that sells smartphone. It relies on two companies: x and y to help manufacture some components in the smartphone. The cost in RM to manufacture some components in the smartphone is given by the following model, C(x,y)-e'(32x-16x2-7)+2yer-c"-y. Based on the mathematical model above, find the extreme points. Then, analyse the relation between the two companies and the cost to produce some components in the smartphone by Apol. (15 Marks)
QUESTION 3 pol is a...
QUESTION 9 Boomerang company sells a product at $100 per unit that has unit variable costs...
QUESTION 9 Boomerang company sells a product at $100 per unit that has unit variable costs of $30. The company's break-even sales point in sales dollars is $150,000. How much profit will the company make if it sells 4,000 units? A. $120,000 B. $70,000 C.$175,000 D. $215,000 QUESTION 10 To find the break-even point for a company that sells several products, the analyst must make an assumption about what the sales mix will be and calculate a weighted average contribution...
PLease show work and explain how to do these Tier Il Company uses a periodic inventory...
PLease show work and explain how to do these
Tier Il Company uses a periodic inventory system. Details for the inventory account for the month of January 2007 are as follows: Per unit price Units Total Balance, 1/1/2007 Purchase, 1/15/2007 Purchase, 1/28/2007 200 $5.00 5.30 $1,000 530 100 100 5.50 550 An end of the month (1/31/2007) inventory showed that 120 units were on hand. 11 How many units did the company sell during January 2007? a. 80 b. 120...
2. Arthur sells $100 worth of cotton to Bob. Bob turns the cotton into cloth, which he sells to Camille for $300. Camille uses the cloth to make prom dresses that she sells to Donita for $700. Donita sells the dresses for $1,200 to kids attending the prom. Show the flowchart for the breakdown of the total contribution to GDP of this series of transactions.
3. The U.S. can produce either 100 tons of rice or 50 tons of steel (or some combination in between) per day. Japan can produce either 40 tons of rice or 40 tons of steel (or some combination in between) per day a. The U.S. has an absolute advantage at producing which product(s)? b. The U.S. has a comparative advantage at producing which product(s)? c. Japan has an absolute advantage at producing which product(s)? d. Japan has a comparative advantage...
TB EX Qu. 6-206 During 2021, a company sells... During 2021, a company sells 300 units of inventory for $92 each. The company has the following inventory purchase transactions for 2021 Date Transaction Jan. 1 Beginning inventory May 5 Purchase Nov. 3 Purchase Number of Units 66 169 100 415 Unit Cost 564 65 67 Total Cost $ 4,224 10,985 12,060 $27,269 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses FIFO. Ending inventory Cost...
(BONUS QUESTION) Question 41: A farmer produces 300 eggs, which she sells to a retailer for $150. The retailer puts the eggs in nice looking packages. She sells half of the eggs to a baker for $100 to bake a pie and she sells the other half of the eggs to her customers for $100 and the costumers eat the eggs. Also, the baker turns the eggs into a pie, which she sells to consumers for $200. Consumers eat the...
QUESTION 3 pol is a company that sells smartphone. It relies on two companies: x and y to help manufacture some components in the smartphone. The cost in RM to manufacture some components in the smartphone is given by the following model, C(x,y)-e'(32x-16x2-7)+2yer-c"-y. Based on the mathematical model above, find the extreme points. Then, analyse the relation between the two companies and the cost to produce some components in the smartphone by Apol. (15 Marks)
QUESTION 3 pol is a...
QUESTION 9 Boomerang company sells a product at $100 per unit that has unit variable costs of $30. The company's break-even sales point in sales dollars is $150,000. How much profit will the company make if it sells 4,000 units? A. $120,000 B. $70,000 C.$175,000 D. $215,000 QUESTION 10 To find the break-even point for a company that sells several products, the analyst must make an assumption about what the sales mix will be and calculate a weighted average contribution...
PLease show work and explain how to do these
Tier Il Company uses a periodic inventory system. Details for the inventory account for the month of January 2007 are as follows: Per unit price Units Total Balance, 1/1/2007 Purchase, 1/15/2007 Purchase, 1/28/2007 200 $5.00 5.30 $1,000 530 100 100 5.50 550 An end of the month (1/31/2007) inventory showed that 120 units were on hand. 11 How many units did the company sell during January 2007? a. 80 b. 120...
Most questions answered within 3 hours.
-
What is the other name for Shortest Job First Preemptive
Algorithm?
What are the 5 different...
asked 32 seconds ago -
24) An outbreak due to exposure of a group of persons to the
same harmful influence...
asked 9 minutes ago -
Show the calculation of (1) the expected grams of alum
(KAl(SO4)2 •12 H2O) formed from the...
asked 12 minutes ago -
*There are two different answers posted. Other students
were asked the same question. Which response is...
asked 55 minutes ago -
Data is collected on the relationship between time spent playing
video games and time spent with...
asked 38 minutes ago -
The following data shows the weekly amount spent on pet hair
care products for a sample...
asked 1 hour ago -
In 1986 an electrical power plant in Taylorsville, Georgia,
burned 8,376,726 tons of coal, a national...
asked 19 minutes ago -
If a fertilizer bad is labeled 10-30-10, what is the percent
phosphorus if they actually measured...
asked 21 minutes ago -
Torrance Refinery produces approximately 22.7 Million barrels of
gasoline per year. A California distributor sources its...
asked 28 minutes ago -
Butters and Bebe are having a conversation about money and the
best actresses of all time....
asked 31 minutes ago -
Why would it not make sense to study a cell in G0 such as a
human...
asked 40 minutes ago -
what was Uniroyal's motivation in lobbying the government to
create a tire-rating standard? Select one: a....
asked 47 minutes ago