Suppose the following four actions occur in the usa. how much would these combined actions add to us gdp in 2017? give a brief explanation justifying your answer. a. a japanese carpenter, living and working in the usa, purchases $3,000 worth of materials used directly in the production of a garage, which is then sold to smith, a canadian living in the usa, for $17,000. b. isabella goes to land she owns, cuts down a tree, and uses the wood to build a garage for personal use that is worth $15,000. c. you purchase a used computer from a friend for $400. d. joe spends $1000 on a stereo, and $20 on a haircut. e. ford (us company) builds cars and the total is valued at $20,000, in a factory in china. 2. the following transactions are recorded for stonyland 2017.
a. consumers spend $600 buying plastic bags, $400 buying bread, and $70 on imported peanut butter.
b. the government spends $80 buying bread and $200 buying imported peanut butter.
c. the bread company buys $50 of flour from a flour company and uses it entirely to make bread which they sell all of it to consumers. the bread company buys $100 of new bread machines from a domestic machine company.
d. the wheat company exports $50 of wheat. calculate 2017 stonyland gdp.

Afirm produces a product in a competitive industry and has a total cost function (tc) of tc(q) = 60 + 10q + 2q2 and a marginal cost function (mc) of mc(q) = 10 + 4q. at the given market price (p) of $20, the firm is producing 5.00 units of output. is the firm maximizing profit? no what quantity of output should the firm produce in the long run? the firm should produce unit s) of output. (enter your response as an integer.)

Required information problem 15-1a production costs computed and recorded; reports prepared lo c2, p1, p2, p3, p4 [the following information applies to the questions displayed below. marcelino co.'s march 31 inventory of raw materials is $84,000. raw materials purchases in april are $540,000, and factory payroll cost in april is $364,000. overhead costs incurred in april are: indirect materials, $59,000; indirect labor, $26,000; factory rent, $38,000; factory utilities, $19,000; and factory equipment depreciation, $58,000. the predetermined overhead rate is 50% of direct labor cost. job 306 is sold for $670,000 cash in april. costs of the three jobs worked on in april follow. job 306 job 307 job 308 balances on march 31 direct materials $30,000 $36,000 direct labor 25,000 14,000 applied overhead 12,500 7,000 costs during april direct materials 133,000 210,000 $100,000 direct labor 105,000 150,000 101,000 applied overhead ? ? ? status on april 30 finished (sold) finished in process (unsold) required: 1. determine the total of each production cost incurred for april (direct labor, direct materials, and applied overhead), and the total cost assigned to each job (including the balances from march 31). a-materials purchases (on credit). b-direct materials used in production. c-direct labor paid and assigned to work in process inventory. d-indirect labor paid and assigned to factory overhead. e-overhead costs applied to work in process inventory. f-actual overhead costs incurred, including indirect materials. (factory rent and utilities are paid in cash.) g-transfer of jobs 306 and 307 to finished goods inventory. h-cost of goods sold for job 306. i-revenue from the sale of job 306. j-assignment of any underapplied or overapplied overhead to the cost of goods sold account. (the amount is not material.) 2. prepare journal entries for the month of april to record the above transactions. 3. prepare a schedule of cost of goods manufactured. 4.1 compute gross profit for april. 4.2 show how to present the inventories on the april 30 balance sheet.

The era of venture capitalists doling out large sums of money to startups is a. just beginning b. on the rise c. over d. fading