Suppose an economy produces only iphones and bananas. in 2010, 1000 iphones are sold at $300 each and 5000 pounds of bananas are sold at $3 per pound. in 2009, the base year, iphones sold at $400 each and bananas sold at $2 per pound. for 2010,
a. nominal gdp is $315,000, real gdp is $410,000, and the gdp deflator is 130.16.
b. nominal gdp is $410,000, real gdp is $315,000, and the gdp deflator is 130.16.
c. nominal gdp is $315,000, real gdp is $410,000, and the gdp deflator is 76.83.
d. nominal gdp is $410,000, real gdp is $315,000, and the gdp deflator is 76.83.

Druganaut company buys a $21,000 van on credit. the transaction will affect the

Coca-cola was primarily known for its core competencies in marketing, bottling, and distributing aerated drinks. however, with the success of gatorade, coca-cola developed competencies in the development and marketing of its own sports drink, powerade. which of the following is true of coca-cola? a. it is leveraging existing core competencies to improve current market position. b. it is building new core competencies to protect and extend its current market position. c. it is redeploying and recombining existing core competencies to compete in markets of the future. d. it is targeting the chasm between the early adopter and early majority market segment.

The following cost and inventory data are taken from the accounting records of mason company for the year just completed: costs incurred: direct labor cost $ 90,000 purchases of raw materials $ 134,000 manufacturing overhead $ 205,000 advertising expense $ 45,000 sales salaries $ 101,000 depreciation, office equipment $ 225,000 beginning of the year end of the year inventories: raw materials $ 8,100 $ 10,300 work in process $ 5,900 $ 21,000 finished goods $ 77,000 $ 25,800 required: 1. prepare a schedule of cost of goods manufactured. 2. prepare the cost of goods sold section of mason company’s income statement for the year.