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?
a. $25,000
b. $52,000
c. $57,000
d. $65,000

Chester has a credit score of 595 according to the following table his credit rating is considered to be which of these

Ida sidha karya company is a family-owned company located on the island of bali in indonesia. the company produces a handcrafted balinese musical instrument called a gamelan that is similar to a xylophone. the gamelans are sold for $860. selected data for the company’s operations last year follow: units in beginning inventory 0 units produced 320 units sold 285 units in ending inventory 35 variable costs per unit: direct materials $ 135 direct labor $ 355 variable manufacturing overhead $ 30 variable selling and administrative $ 15 fixed costs: fixed manufacturing overhead $ 64,000 fixed selling and administrative $ 27,000 the absorption costing income statement prepared by the company’s accountant for last year appears below: sales $ 245,100 cost of goods sold 205,200 gross margin 39,900 selling and administrative expense 31,275 net operating income $ 8,625 required: 1. under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? 2. prepare an income statement for last year using variable costing. what is the amount of the difference in net operating income between the two costing methods?

Factors like the unemployment rate, the stock market, global trade, economic policy, and the economic situation of other countries have no influence on the financial status of individuals. ( t or f)