Three of the main products produced in Grossmania’s manufacturing sector are leather, laces and dyes. The table below shows the outputs (Millions/units) and prices ($) for the years 2018 and 2019. LEATHER DYES LACES YEAR PRICE($) QUANTITY PRICE ($) QUANTITY PRICE$ QUANTITY 2018 100 3 10 8 5 4 2019 110 5 12 10 4 5 Calculate the Nominal GDP for: 2018 and 2019 . Using 2018 as the base year, calculate the Real GDP for 2019

Three of the main products produced in Grossmania’s manufacturing sector are leather, laces and dyes. The table below shows the outputs (Millions/units) and prices ($) for the years 2018 and 2019. LEATHER DYES LACES YEAR PRICE($) QUANTITY PRICE ($) QUANTITY PRICE$ QUANTITY 2018 100 3 10 8 5 4 2019 110 5 12 10 4 5 Calculate the Nominal GDP for: 2018 and 2019 . Using 2018 as the base year, calculate the Real GDP for 2019

Essentials of Business Analytics (MindTap Course List)

2nd Edition

ISBN:9781305627734

Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Chapter3: Data Visualization

Section: Chapter Questions

Problem 2P: The following table shows an example of gross domestic product values for five countries over six...

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Three of the main products produced in Grossmania’s manufacturing sector are leather, laces and dyes. The table below shows the outputs (Millions/units) and prices ($) for the years 2018 and 2019. LEATHER DYES LACES YEAR PRICE($) QUANTITY PRICE ($) QUANTITY PRICE$ QUANTITY 2018 100 3 10 8 5 4 2019 110 5 12 10 4 5 What is the GDP deflator for 2019
The financial data for 2017 and 2018 are presented in the table below. Use the data to calculate the total productivity measure and the partial measures for labor, capital, and raw materials for ABCD Company for the two years. Explain what each of measures tell you about this company 2 017 2018Output: Sales $300,000 $320,000Input: Labour 40,000 50,000Raw Materials 45,000 55,000Energy 6,000 7,000Capital 60,000 60,000Other 3,000 4,000
Bellingham Industries, a manufacturer of the furniture industry, had the following financial performance for the last two years as shown on their income statements below: Billingham Industries, Inc. Comparative Income Statement For the Years Ended December 31, 2021 and 2020 2021 2020 Amount Amount Sales $1,280,000 $1,180,000 Cost of goods sold 644,800 613,600 Gross profit 635,200 566,400 Selling expenses 230,500 188,800 Administrative expenses 182,500 177,000 Total operating expenses 413,000 365,800 Income from operations 222,200 200,600 Other income 77,000 70,800 Income before income tax 299,200 271,400 Income tax expense 121,600 106,200 Net income $177,600 $165,200 1. Prepare a horizontal analysis using the form provided to…
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Smith Corporation had Sales of $2,350,000 in 2021 and $2,125,000 in 2020. Cost of Good Sold were $1,400,000 in 2021 and $1,325,000 in 2020. a. What was the percentage change in Sales year to year? b. What was the percentage change in Cost of Goods Sold year to year? c. Relative to the percentage in Sales, would you say the percentage change on Cost of Goods Sold was favorable or unfavorable? d. Is this an example of horizontal or vertical analysis?
The condensed income statement for the Peri and Paul partnership for 2020 is as follows. Peri and Paul CompanyIncome StatementFor the Year Ended December 31, 2020 Sales (240,000 units) $1,200,000 Cost of goods sold 800,000 Gross profit 400,000 Operating expenses Selling $280,000 Administrative 150,000 430,000 Net loss $(30,000 ) A cost behavior analysis indicates that 75% of the cost of goods sold are variable, 42% of the selling expenses are variable, and 40% of the administrative expenses are variable. Paul was a marketing major in college. He believes that sales volume can be increased only by intensive advertising and promotional campaigns. He therefore proposed the following plan as an alternative to Peri’s: (1) increase variable selling expenses to $0.59 per unit, (2) lower the selling price per unit by $0.25, and (3) increase fixed selling expenses by $40,000. Paul quoted an old…
Raymond, Inc. a manufacturer of piping for the plumbing industry, had the following financial performance for the last two years as shown on their income statements below: Raymond, Inc. Comparative Income Statement For the Years Ended December 31, 2021 and 2020 2021 2020 Amount Amount Sales $910,000 $700,000 Cost of goods sold 475,000 350,000 Gross profit 435,000 350,000 Selling expenses 146,500 115,000 Administrative expenses 99,500 85,000 Total operating expenses 246,000 200,000 Income from operations 189,000 150,000 Other income 65,000 50,000 Income before income tax 254,000 200,000 Income tax expense 63,000 50,000 Net income $191,000 $150,000 2. What line item jumps off the page as the most negative…
Raymond, Inc. a manufacturer of piping for the plumbing industry, had the following financial performance for the last two years as shown on their income statements below: Raymond, Inc. Comparative Income Statement For the Years Ended December 31, 2021 and 2020 2021 2020 Amount Amount Sales $910,000 $700,000 Cost of goods sold 475,000 350,000 Gross profit 435,000 350,000 Selling expenses 146,500 115,000 Administrative expenses 99,500 85,000 Total operating expenses 246,000 200,000 Income from operations 189,000 150,000 Other income 65,000 50,000 Income before income tax 254,000 200,000 Income tax expense 63,000 50,000 Net income $191,000 $150,000 1. Prepare a horizontal analysis using the form provided to the right.…
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