subject
Business, 16.07.2019 04:10 ccory0626

Suppose there are only two firms in an economy: cowhide, inc. produces leather and sells it to couches, inc., which produces and sells leather furniture. with each $1,000 worth of leather that it buys from cowhide, inc., couches, inc. produces a couch and sells it for $2,600. neither firm had any inventory at the beginning of 2015. during that year, cowhide produced enough leather for 25 couches. couches, inc. bought 80% of that leather for $20,000 and promised to buy the remaining 20% for $5,000 in 2016. couches, inc. produced 20 couches during 2015 and sold each one during that year for $2,600. what was the economy's gdp for 2015?

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 14:50
One pound of material is required for each finished unit. the inventory of materials at the end of each month should equal 20% of the following month's production needs. purchases of raw materials for february would be budgeted to be:
Answers: 2
question
Business, 22.06.2019 15:40
Colter steel has $5,550,000 in assets. temporary current assets $ 3,100,000 permanent current assets 1,605,000 fixed assets 845,000 total assets $ 5,550,000 assume the term structure of interest rates becomes inverted, with short-term rates going to 10 percent and long-term rates 2 percentage points lower than short-term rates. earnings before interest and taxes are $1,170,000. the tax rate is 40 percent earnings after taxes = ?
Answers: 1
question
Business, 22.06.2019 20:00
Which of the following is a competitive benefit experienced by the first mover firm in an industry? a. the first mover will be able to achieve a less steep learning curve. b. the first mover will be able to reduce the switching costs. c. the first mover will not have to patent its products or technology. d. the first mover will be able to reduce costs through economies of scale.
Answers: 3
question
Business, 22.06.2019 22:20
Who owns a renter-occupied apartment? a. the government b. a landlord c. the resident d. a cooperative
Answers: 1
You know the right answer?
Suppose there are only two firms in an economy: cowhide, inc. produces leather and sells it to couc...
Questions
question
Mathematics, 14.04.2021 03:20