Business, 18.02.2021 23:40 tanhatanveer6928
Consider an economy which produces and sells, among a host of other things, 100 million T-shirts a year. The average T-shirt begins life when a farmer plants seeds she put away last year, waters them, harvests the cotton, then sells the cotton to a mill for $0.75, which sells the fabric to a T-shirt factory for $1.50, which sells the T-shirt to a wholesaler for $5, who sell it to Nordstrom for $10, which finally sells it to you for $17. Calculate the income earned for each firm involved in the production of T-shirts. Then, calculate the total income contribution from T-shirt production to GDP. a. The farmer earns $ per T-shirt. b. The mill earns $ per T-shirt. c. The T-shirt factory earns $ per T-shirt. d. The wholesaler earns $ per T-shirt. e. Nordstrom earns $ per T-shirt. f. Total income earned: $ billion
Answers: 3
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Business, 22.06.2019 20:30
Caleb construction (cc) incurs supervisor salaries expense in the construction of homes. if cc manufactures 100 homes in a year, fixed supervisor salaries will be $400,000. with the current construction supervisors, cc's productive capacity is 150 homes in a year. however, if cc is contracts to build more than 150 homes per year, it will need to hire additional supervisors, which are hired as full-time rather than temporary employees. cc's productive capacity would then become 200 homes per year, and salaries expense would increase to $470,000. how would ccβs salaries expense be properly classified? fixed variable mixed stepped curvilinear
Answers: 3
Consider an economy which produces and sells, among a host of other things, 100 million T-shirts a y...
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