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Author Question: The components of Gross Domestic Product include consumption, investment, government spending and ... (Read 51 times)

vinney12

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on: Sep 11, 2018
The components of Gross Domestic Product include consumption, investment, government spending and imports minus exports.
 
  a. True
  b. False

Question 2

Set up a skeletal statement format to determine profit/loss percent:
   Net sales 396,480
   Gross margin 48.5
   Expenses 176,434
 
  What will be an ideal response?


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Kimmy

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Reply #1 on: Sep 11, 2018
Answer to Question 1

a Exports minus imports.

Answer to Question 2

Net sales 396,480 100.00
Cost of merchandise sold 204,187 51.50
Gross margin 192,293 48.50
Expenses 176,434 44.50
Profit  15,859 4.00


vinney12

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Reply #2 on: Sep 11, 2018
Thank you!


Kimmy

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Reply #3 on: Sep 11, 2018
Always glad to help...


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