Jordan inc. manufactures water polo balls, The break-even volume in sales dollars is given by $100,000.
What are sales?A sale is a transaction that involves exchanging products or services for a specific sum of money. To put it another way, a sale is any action that involves giving the buyer possession of a thing or commodity in return for payment. Sales, as used in accounting, refers to the money a business makes through selling goods or services.
The sales representative solicits orders from current or potential sales outlets while selling products and attending to customer demands. When a consumer makes a purchase, they ensure they are satisfied and well taken care of. They can create new accounts in this manner for their employer.
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the law of demand says that, holding everything else constant, when the price of a good increases, the amount buyers buy will decrease, and when the price of a good decreases, the amount buyers buy will increase. to hold everything else constant means to use the ceteris paribus condition. if we change one of these things we were holding constant, which is the most likely result?
Quantity Demand is the quantity of an item, service, or resource than consumers are willing and able to purchase during a certain time period at a given price.
What do you consider to be a good service?Giving the consumer what they want is a sign of good customer service. I would give them the information they want to hear, then consider how to provide it. In my current position, I frequently engage in this.
Who provides outstanding customer service?Excellent customer service provides consumers with help, goes above and beyond what they anticipate, and employs agents with strong communication skills and in-depth product and service knowledge.
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describe the five alternatives to job specialization. what is the advantage of each, as compared to specialization?
Job rotation is the methodical switching of employees between jobs. It hasn't been particularly effective in raising employee motivation or satisfaction because the occupations don't change.
The fact that the person is not always doing the same job is the only benefit.
Job expansion: the process of expanding the total amount of duties each employee performs and having every employee execute a wide range of tasks. Although there are certain benefits to job expansion, training expenses often rise, unions demand more compensation, and the work itself stays routine.
Job enrichment: Adding more tasks to a job does not, by itself, increase employee engagement. It expands both the variety of jobs a worker performs and the amount of control they have over their employment.
As a result, employees have more opportunities for growth and progress. This also raises the subordinate's sense of responsibility. An employee's opportunity to develop is far less than with job enrichment opportunities compared to specialization.
An additional method of specialization that takes into account both employee preferences and the workplace environment is the job characteristics approach. In order to have high motivation, high-quality performance, high satisfaction, and minimal absenteeism and turnover, it is important to have the employees go through a variety of psychological states.
Though it is the most promising strategy, it is not the solution. In contrast to specialization, it considers the person and their preferences, which is better for the employee.
Work teams: A group is tasked with creating a system of work to be applied to a related set of tasks.
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at the beginning of the semester, professor wolfman explained her grading policy. she stated that students would be evaluated on the basis of comparison with one another and that 20% of the class would earn an a grade, 70% of the class would earn a c grade, and 10% of the class would fail. what performance management system is professor wolfman using in her class?
The performance management approach that Professor Wolfman employs in her class is forced ranking.
What performance management strategy do you use?Performance management takes into account a worker's past performance as well as his or her potential for the future as well as what may be done to support that performance and help the person meet future goals. The development and training of employees, as well as how these things can benefit both the employee and the company, are all aspects of performance management.
What benefit is there for performance evaluation from using the force ranking technique?For those who support it, forced ranking is the best method for identifying employees with high potential who should receive training, promotions, and financial incentives. Additionally, they claim it is a vital tool for identifying the lowest performers who need help improving or elimination.
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only professionals with management responsibilities have ethical responsibilities to the environment.
a. true
b. false
Option a is Correct. It is True to say that only employees with management duties have moral obligations to the environment.
To meet the company's standards for conduct, set an example of proper behavior for subordinates, and reduce the ambiguity that frequently surrounds the practice of ethics, it is regarded as one of your key obligations as a manager to understand and practice ethical behavior.
Managers must be dedicated to acting in accordance with basic principles including honesty, integrity, respect for others, taking accountability for their actions, and taking responsibility for their decisions. Managers must learn to identify ethical problems in their company if they want to be effective, moral leaders.
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a chief advantage of the corporate form of business is . multiple choice question. double taxation autonomous decision making authority
A chief advantage of the corporate form of business is autonomous decision making authority. The primary advantage of the corporation company structure is independent decision-making capacity.
The management and owners of a corporation are different entities, with the owners having limited liability and the management having the authority to make decisions and operate the day-to-day operations of the firm. This structure gives management a lot of flexibility and autonomy in decision making, and it allows the owners to restrict their financial risk to the amount they put in the firm.
Furthermore, firms may generate enormous sums of cash by issuing stocks and bonds, which can assist to support development and expansion.
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which is more important in choosing your actions as a business leader, legal or ethical considerations? are they equal, or should one weigh more than another?
As a business leader, both considerations are important in choosing in our actions. It is very important to consider both because they both play a vital role in every business ventures.
What is Ethical decision-making ?
The act of weighing options and making decisions in a way that is consistent with moral standards is referred to as ethical decision-making.
It's important to recognize unethical possibilities, cross them out, and choose the most ethical course of action while making decisions.
Why is it crucial to make ethical decisions?
Trust, along with justice, accountability, and consideration for others, are all inspired by ethical decisions.
The process of making ethical decisions takes into account these circumstances, necessitating the consideration of all alternatives, the rejection of unethical viewpoints, and the selection of the most ethically sound option. Effective and moral choices are the result of good judgment.
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which aspect of argentina’s economic environment are international businesses most likely to perceive as attractive?
The aspect of Argentina's economic environment that attractive is mixed market economy rich in oil reserves. Argentina has a potential in oil reserves.
In the term of economic, Argentina generally can be defined as the second-largest national economy in South America, behind Brazil. Argentina also can be defined as a developing country with a highly literate. Argentina has an export-oriented agricultural sector, and a diversified industrial base, especially in oil reserves. Argentina can be classified as a country that has a biggest oil production. Argentina can produce oil 627 thousand barrels per day.
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suppose both buyers and sellers of wheat expect the price of wheat to rise in the near future. what would we expect to happen to the equilibrium price and quantity in the market for wheat today?
even when both purchasers and sellers think the cost of wheat will rise in the future. Then, in order to demand much higher selling price later on, providers will restrict supply.
The term "price" is what?the amount of money, but rather its equivalent, being used to buy, sell, or conduct any other type of transaction. an incentive offered for both the capture of a person, whether they be alive or dead: The authorities imposed the penalty on his head.
Why is price important?or each person demands a price. They are said to be able to persuade anyone to commit an immoral or dishonest act if they are given enough money. Regardless of whether or not it be true that almost every guy has a price, there will always be some who do. Dictionary of Simple Idioms for Learning.
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the competitive dimension that deals with getting the product to the customer when promised is called multiple choice question. delivery speed. delivery reliability. flexibility. after-sale support.
Delivery reliability is the competitive dimension which deals with getting the product to the customer when promised.
What is a key component of business?Delivery reliability (DR) is the term used to characterize the proportion of client deliveries that are thought to be error-free on the part of the vendor or shipper, as compared to the total number of deliveries that occur within a given time frame. Delivering ordered goods flawlessly, on schedule, and to the correct location gives businesses a distinct competitive advantage and rewards them with delighted and devoted consumers. This is why it's crucial to have a thorough understanding of one's own and suppliers' delivery reliability.
So, Delivery reliability is the competitive dimension which deals with getting the product to the customer when promised.
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sometimes economists disagree because their values differ. which of the following instances best reflects this source of disagreement? a.one economist believes that american jobs are being lost to over-seas manufacturers; another economist disputes this claim. b.one economist advises against a consumption tax because she thinks it's unfair for low-income people; another economist argues that what's fair isn't relevant. c.one economist believes that the labor market is strengthening because the unemployment rate is declining; another argues that the unemployment rate is not a good measure of the labor market's health. d.one economist believes that when the tax on gasoline rises, people will reduce their consumption of gasoline; another economist argues that the demand for gasoline is inelastic and thus unresponsive to changes in the gas tax.
The following option that show us about the source of disagreement of economists is b.one economist advises against a consumption tax because she thinks it's unfair for low-income people; another economist argues that what's fair isn't relevant.
Economist has several aspect that must be concern, such as Issues of economic stability, unemployment, inequality, ecological sustainability, non-market work, and social and cultural norms are central to the analysis. There are several reason why the economist usually disagree about some topics, it is because differences in values and differences in scientific judgments.
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suppose that the elasticity of demand for hamburgers is 2.5 and price decreases by 14%. by what percentage will quantity demanded for hamburgers increase?
The elasticity of demand for hamburgers is 2.5 and the price decreases by 14% then quantity demanded for hamburgers is increased by 35%
What does an elasticity of 2.5 mean?If the price elasticity of supply is 2.5, then a 1% change in price will result in a 2.5% change in the amount delivered.
The quantity demanded of a good or service divided by the percentage change in price is the price elasticity of demand. The percentage change in quantity supplied divided by the percentage change in price represents the price elasticity of supply.
Price elasticity of demand = % change in Quantity Demanded / % change in price
2.5 = x/14
x = 14 * 2.5
= 35%
Therefore, The quantity demanded for hamburgers increased by 35%.
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on a production possibilities frontier (ppf) with good x on the horizontal axis and good y on the vertical axis, we can say that the slope of the ppf (in absolute value) equals the opportunity cost of producing good x with respect to the production of good y. this is true because the slope:
This is valid given that the slope indicates the trade-off brought about by the creation of Good X in relation to Good Y.
When good x and good y are the two goods on a production possibilities frontier (ppf), we may state that the slope of the ppf (in absolute value) equals the opportunity cost of producing good x relative to producing good y.
The graph known as the Production Possibilities Frontier (PPF) displays all the possible output combinations of two different items that can be created given the current state of science and technology. The ideas of choice, tradeoffs, and scarcity are all covered by the PPF.
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a transfer of benefits and obligations within a contract to a 3rd party who is not originally a party to the contract is known as a?
A transfer of benefits and obligations within a contract to a 3rd party who is not originally a party to the contract is known as a novation.
In the term of business and economic contract, A novation generally can be defined as an agreement made between two contracting parties to allow for the substitution of a new party for an existing one. In the novation, there are assumes that the rights and obligations of the original party, so One of the contracting parties in the original contract is replaced by an entirely new party. There are several types of novation, such as Substituting the person of the debtor and also Subrogating a third person in the rights of the creditor.
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the heritage foundation index of economic freedom is based on 10 indicators. which of the following are included in that index? (check all that apply.) multiple select question. taxation rules societal scale education policy trade policy labor freedom foreign investment regulations
The Heritage Foundation's Index of Economic Freedom includes:
Tax rulesTrade policylabor freedomForeign investment regulationsTaxes are mandatory financial fees or other types of levies imposed on taxpayers (individuals or legal entities) by government organizations to fund various public expenditures. Taxes are used to fund various government activities, such as infrastructure, law enforcement, education, and welfare programs. The amount of tax that an individual or entity must pay is determined by a variety of factors, including income, wealth, consumption, and property ownership.
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the american marketing association statement of ethics lists an ethical value of honesty. principles include all of these except which?
The principles listed by the American marketing association statement of ethics includes all except that Commitments and promises can only be revoked after arbitration.
What is Ethics?Ethics or moral philosophy refers to that which involves systematizing, defending, and recommending concepts of right and wrong behavior. Ethics, along with aesthetics, concerns matters of value; these fields comprise the branch of philosophy called axiology.
Furthermore, it can be said that Ethics examines the rational justification for our moral judgments because it studies what is morally right or wrong, just or unjust. Ethics also reflects on human beings and their interaction with nature and with other humans, on freedom, on responsibility and on justice.
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an it firm provides security services for many business clients. as part of an overall security monitoring package, the firm provides trend analysis as it relates to systems behavior. which area does staff use to create a baseline and regular measurements?
Many corporate clients of an IT company receive security services. The business offers trend analysis in relation to systems behavior as part of an entire security monitoring package. The section where staff uses host metrics to establish a baseline and frequent measurements.
How do host metrics function?The Host Metrics app enables you to monitor the operation and resource consumption of the hosts and processes that your mission-critical applications rely on. Preconfigured dashboards cover the network, file descriptors, page faults, CPU, RAM, and RAM, as well as the RAM, RAM, and TCP connectors.
Two fundamental sorts of metrics are tracked in Mackerel. Host metrics are metrics that are specific to the host being monitored. The term "service metrics" refers to measurements that relate to a service made up of numerous hosts and all of their combined roles.
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discuss two challenges project teams typically face during project execution. consider the work you have done on the global treps project and discuss what you would do to overcome these challenges. in replies to peers, provide additional challenges not already listed and discuss strategies for addressing the challenges.
Two challenges project teams typically face during project execution are as follows:
1. Outlining specific goals and objectives
For a project to be completed successfully, having a clear grasp of what has to be done is crucial. Failure to set proper goals and objectives can lead to a variety of issues, such as inefficient resource and stakeholder management.
In fact, a recent survey indicated that 29% of project professionals believed that a weak vision or purpose was to blame for the failure of their project. Goals should be made that are both realistic and well-defined. You must also be able to show how each action you do moves you closer to your goal. As a result, you can assess each team member's and the team's overall contribution.
2. How to set clear goals and objectives
Two well-liked techniques for defining corporate objectives are SMART and CLEAR. The acronyms for the highlighted goals are SMART (specific, measurable, achievable, relevant, and time-bound).
"CLEAR" is defined as collaborative, constrained, emotional, appreciable, and refinable. To guide teams and individuals toward project completion, project managers can create goals using one of these strategies, or a mix of the two.
Divide the project into digestible tasks, to begin with. The finest applicants should then be offered those jobs; they should have clearly defined goals and objectives. Using the tools offered by Monday.com's Work OS, the project manager can design custom goal trackers. Team members may create quarterly goals and deadlines using this template, making it simple to track their progress.
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30. based on your knowledge of billing and reimbursement, why is selection of the correct principal diagnosis so critical?
In its relation to billing and reimbursement, the selection of the correct principal diagnosis is so critical because it will determine the accurate compensation.
Primary diagnoses are all disorders that coexist at the time of admission or arise later that affect the treatment received and/or the length of stay. Diagnoses referring to a previous occurrence that has no relevance on the current hospital or nursing home stay are to be omitted.
One of the most crucial tasks in coding an inpatient record is determining the primary diagnosis. The diagnosis indicates the purpose for the patient's visit to the doctor, and the primary diagnosis can affect reimbursement.
The selection of the correct primary diagnosis is critical for accurate compensation. It also lowers the possibility of noncompliance. The right MS-DRG assignment also requires the selection of the correct primary diagnosis. By sequencing numbers in the precise order, the healthcare organization will receive the highest degree of payment.
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which are advantages associated with electronic monitoring of workers? (choose every correct answer.)
Electronic monitoring of workers can provide a number of benefits such as increased productivity, reduced costs, improved safety and security, improved compliance, and increased employee satisfaction.
Increased Productivity: Electronic monitoring allows employers to track the performance of their employees in real-time, allowing them to quickly identify any areas of inefficiency. Reduced Costs: Electronic monitoring can help employers reduce costs associated with overtime pay, as well as reducing the risk of theft, fraud and abuse of company resources.Improved Safety and Security: Employee monitoring systems can help employers identify any health and safety risks and address them quickly, reducing the risk of accidents and injuries in the workplace. Improved Compliance: Electronic monitoring systems are often used to ensure that employees are adhering to company policies and procedures, as well as any local, state or federal regulations. Increased Employee Satisfaction: Electronic monitoring can also help employers provide a better working environment for their employees, as they can identify any issues and address them quickly.Learn more about Electronic monitoring: https://brainly.com/question/16996153
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if 11,600 units are produced, what is the total amount of indirect manufacturing costs incurred to support this level of production?
The total indirect manufacturing costs incurred to support 11,600 units of production would be determined by the specific indirect manufacturing costs associated with the manufacturing process. The answers will be $40,000 and $56,500.
What do you mean by manufacturing costs ?
Manufacturing costs refer to the costs incurred in the production process of goods. It is the cost of purchasing raw materials, labour, equipment, and other production expenses. These costs are incurred prior to the sale of the manufactured product. Manufacturing costs can be divided into two categories: direct and indirect costs. Direct costs are those associated with the production of specific goods, such as labour, raw materials, and equipment. Indirect costs are those which are not directly related to the production of goods, such as depreciation, administrative costs, marketing costs, and other overhead expenses. Manufacturing costs are a key factor in determining the cost of goods sold and the overall profitability of a business. It is important to accurately assess and track manufacturing costs in order to maximize efficiency and profitability.
So, The required answers are:
$4.00(10,000 units)= $40,000
$40,000 + ($1.50 * 11,000)= $56,500
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These activities on the statement of cash flows represent the cash flows that arise out of the purchase and sale of plant and equipmentAnswers:a.) Earnings Activitiesb.) Financing Activitiesc.) Operating Activitiesd.) Investing Activities
The cash flows from the sale and purchase of equipment and plant are shown as investing activities just on cash flow.
What is purchase definition in accounting?Definition. All items and services purchased for sale or consumption throughout the production process are included in purchases of products and services, excluding capital goods whose consumption is recorded as consumption on fixed capital.
What is sales and purchase?A person can obtain the ownership of certain items or properties in their name from another party through the procedure of purchase in exchange for payment of money. Similar to that, a sale is a procedure used to transfer ownership of certain items or properties from one person (the seller) to another.
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4. suppose that a manufacturer can produce a part for $10.00 with a fixed cost of $5,000. alternately, the manufacturer could contract with a supplier in asia to purchase the part at a cost of $12.00, which includes transportation. a) if the anticipated production volume if 1,200 unites, compute the total cost of manufacturing and the total cost of outsourcing? b) what is the best decision?
a) Total cost of manufacturing is $17,000 and the total cost of outsourcing is $14,400.
b) If the company’s estimate is less than 2,500 units, outsourcing is more economical, and if the company’s estimate is more than 2,500 units, manufacturing of parts is more economical.
The total cost of manufacturing = Fixed cost + variable cost per unit * number of units produced
Where fixed cost = $5,000
Variable cost per unit = $10
Units produced = 1,200 units
Therefore
Total cost of manufacturing = $5,000 + $10 * 1,200
= $5,000 + $12,000
= $17,000
The total cost of outsourcing = price per unit * number of units
= $12 *1,200
=$14,400
The best decision is outsourcing as the cost of outsourcing is lower than the cost of manufacturing for the same number of units.
b. The break-even volume is where the cost of manufacturing will be equal to the cost of outsourcing
Fixed cost + variable cost per unit * number of units produced = price per unit * number of units
Assume that the break-even volume is X units
Therefore
$5,000 + $10 * X = $12 *
Or $12 X - $10 X = $5,000
Or X = $5000/$2 = 2,500 units
Therefore the break-even volume is 2,500 units.
Outsourcing is more cost-effective if the company's estimate is less than 2,500 units, and part manufacturing is more cost-effective if the company's estimate is more than 2,500 units.
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_______. A value that represents the interest paid by borrowers or earned by lenders, expressed as a percentage of the amount borrowed or invested over a 12 month period.
The annual percentage stated as a percentage of the amount borrowed or invested over a 12-month period is a figure that indicates the interest paid by borrowers or earned by lenders.
The cost of borrowing money is called interest, and it is typically stated as a percentage, such as an annual percentage rate (APR). Lenders may charge interest to borrowers for using their funds, or borrowers may charge interest to lenders for using their funds.
The amount a lender charges a borrower is called an interest rate, and it is expressed as a percentage of the principal or the loaned amount. Typically, a loan's interest rate is expressed as an annual percentage rate, or APR (APR).
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he wants 50/100/50 liability coverage, $250 deductible collision and full coverage comprehensive. he lives in territory 2 and has been assigned to driver class 3 with a rating factor of 2.35. based on table 19-6 and table 19-7, what would be his total premium, if his two-year old car were in model class h? (round your answer to the nearest cent.)
The optimum liability insurance for the majority of drivers is 100/300/100, or $100,000 per person, $300,000 per accident for bodily injury liability, and $100,000 per accident for property damage liability.
Briefing:-If you inflict a sizable amount of damage in an accident that you caused, you want to be completely protected.
Why does the liability coverage of 100 300 25 include a 25?When you cause harm to someone else or their property due to negligence in an accident, your liability insurance will pay for it. Your bodily injury liability coverage limitations are represented by the first two digits (25/50) in a liability insurance. Your property damage liability coverage maximum is shown by the third number, which is 25.
How is collision insurance determined?The value of your car is reduced by the collision deductible. The most you could receive from a collision claim is this.
The cost of your collision insurance for the term of the policy, which is typically six months, should be subtracted from the sum above.
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why do phone manufacturing companies not make their phone batteries to stop charging at 80% as they do at 100% if 80% is the optimum level for the batteries to last longer?
Phone manufacturers typically set their phone batteries to stop charging at 100% because of various reasons, including consumer expectations, convenience, and the design of the battery charging technology.
Consumer Expectations: Consumers expect their phones to have full battery life when they unplug it from the charger, and most people expect their phone to be fully charged when the battery percentage reaches 100%.
Convenience: Stopping the charging process at 80% and then having to remember to charge the phone again later may be inconvenient for some consumers, and they may forget to do so, leading to an unexpected loss of battery life.
Battery Charging Technology: The design of battery charging technology also plays a role in why manufacturers set their batteries to stop charging at 100%. Lithium-ion batteries, which are widely used in smartphones, have a limited number of charge cycles.
Overcharging the battery can reduce the number of charge cycles, leading to a shorter battery life. To prevent overcharging, manufacturers set the batteries to stop charging at 100%.
In conclusion, phone manufacturers do not set their phone batteries to stop charging at 80% as the optimum level for the batteries to last longer because of a combination of consumer expectations, convenience, and the design of battery charging technology.
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agneta is getting a new dress to wear to her son's wedding. in terms of customer behavior, the step of evaluating alternatives would correspond to .
In the compensating model, the consumer makes a decision after carefully weighing all the features of a good or service (or benefits from a product or service).
What are some illustrations of compensatory techniques?Making and keeping appointments at the same time, jotting down reminders for yourself, and maintaining a calendar are excellent compensatory strategies for impaired short-term memory and can help lessen the impact of these symptoms on everyday life.
What are the three payment methods?Setting salary rates should take into account the following three compensation strategies: leading, lagging, and meeting the market.
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when the market is more optimistic about a firm, its share price will ; as a result, it will need to issue shares to raise funds that are needed. multiple choice rise; fewer fall; fewer rise; more fall; more
When the market is more optimistic about a firm, its share price will rise; as a result, it will need to issue shares to raise funds that are needed.
When the market has an optimistic outlook for a company, its share price tends to increase. As a result, the firm will need to issue new shares to raise funds to support operations or invest in growth initiatives. Companies typically consider their options carefully before deciding to issue more shares, as it affects the ownership structure and market capitalization.
Issuing more shares can also dilute existing investors' stake in the firm, so it's important to weigh the costs and benefits of issuing more shares before making a decision.
Hence, the correct option is "rise".
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you are offered two different sales jobs. the first company offers a straight commission of 4% of the sales. the second company offers a salary of $360 per week plus 1% of the sales. how much would you have to sell in a week in order for the straight commission offer to be at least as good?
Let's name the amount of money you sell in a week "x." If the first firm pays a flat 4% commission on sales, your weekly profits would be 0.04x.
If the second firm pays a weekly salary of $360 plus 1% of sales, your weekly profits would be $360 + 0.01x.
To discover the value of "x" such that 0.04x is larger than or equal to $360 + 0.01x, we need to identify the point at which the pure commission offer is at least as attractive as the salary plus commission offer.
We obtain by subtracting 0.01x from both sides of the equation:
0.03x >= $360
When both sides of the equation are divided by 0.03, we get:
x >= $12,000
To make the straight commission offer at least as excellent as the salary plus commission offer, you must sell at least $12,000 worth of items in a week.
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a company that uses the fifo inventory method made four purchases of similar items in the following order: $100, $110, $115, and $123. it then sold two items for $500 each. what is the gross profit on the sale of the two units?
The company uses the FIFO (First-In, First-Out) method, so the first two items sold will come from the first two purchases made: $100 and $110. The cost of the two items is $100 + $110 = $210. The gross profit on the sale of the two items is $500 x 2 = $1000, and the gross profit margin is ($1000 - $210) / $1000 = 0.79 or 79%.
The company used the FIFO method to manage its inventory. This means that the oldest purchases are sold first. In this case, the company made four purchases for $100, $110, $115, and $123. When it sold two items for $500 each, the cost of the items came from the first two purchases, which were $100 and $110, totaling $210. The gross profit on the sale was $1000, which is the sale price minus the cost of the items, and the gross profit margin was 79%, calculated as the gross profit divided by the sale price.
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assume a u.s. dealer bought 10 land cruisers from japan for $50,000 each in 2010. this dealer sold sold 8 of them in 2010 for $80,000 each and the rest in 2011 for $60,000 each. by how much was the u.s. gdp affected in 2010?
The US GDP was not directly affected by this transaction, as GDP measures the total value of services and goods produced within a given country. the estimated indirect effect on the US GDP for 2010 would be 8 × $30,000, or $240,000.
This dealer’s transactions involve goods produced in Japan, which affects the Japanese GDP instead. However, the dealer’s sale of 8 of the land cruisers in 2010 would have had an indirect effect on the US GDP. This effect would be through the additional consumption of goods by the purchasers of the land cruisers, which would add to the GDP.
This additional consumption is estimated to be the difference between what the dealer paid for the land cruisers ($50,000 each) and what they sold them for ($80,000 each). Thus, the estimated indirect effect on the US GDP for 2010 would be 8 × $30,000, or $240,000.
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