Table 12-2 -Refer to Table 12-2

question 145

Multiple Choice

Table 12-2
$\begin{array}{|c|c|r|}\hline \text { Product } & \text { Quantity } & \text { Price } \\\hline \text { Shoes } & 40 & \$ 60.00 \\\hline \text { DVDs } & 100 & 18.00 \\\hline \text { Tomatoes } & 2,000 & 1.00 \\\hline \text { Ketchup } & 300 & 4.00 \\\hline\end{array}$
-Refer to Table 12-2.Suppose that a simple economy produces only four goods and services: shoes,DVDs,tomatoes,and ketchup.Assume one half of the tomatoes are used in making the ketchup and the other half of the tomatoes are purchased by households.Using the information in the above table,nominal GDP for this simple economy equals

• A) $7,400.
• B) $6,400.
• C) $5,800.
• D) 2,440 units.

Comprehend the impact of compensating balances on effective interest rates.

Recognize the influence of inventory conversion periods on operating cycles.

Analyze the effect of accruals as a financing option.

Understand the implications of utilizing receivables in working capital management.

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Definitions:

Local Issues

Problems or concerns that affect a specific geographical area or community, often requiring local governance intervention.

Balanced Scorecard

A strategic planning and management system used to align business activities with the vision and strategy of the organization, improve internal and external communications, and monitor organization performance against strategic goals.

Strategic Initiatives

Planned actions that are intended to help a business achieve its long-term goals and objectives.

Cost System

An accounting framework used by businesses to track, record, and analyze costs associated with production or service delivery.