Calculation of output: The following are the simplified data for a firm producing cars. Sales of cars in dollar 100,353,500. Purchases: raw materials: 54,000,000; temporary employment services: 35,000,500; machine tools: 26,400,000. Inventories of finished products at the start of the period: 24,500,000; at the end of the period: 34,670,000. Inventories of raw materials at the beginning of the period: 7,320,000; at the end of the period: 4,300,000. Calculate the output, the intermediate consumption and the value added at current prices, assuming no change in prices during the period.
Calculation of output: The following are the simplified data for a firm producing cars. Sales of cars in dollar 100,353,500. Purchases: raw materials: 54,000,000; temporary employment services: 35,000,500; machine tools: 26,400,000. Inventories of finished products at the start of the period: 24,500,000; at the end of the period: 34,670,000. Inventories of raw materials at the beginning of the period: 7,320,000; at the end of the period: 4,300,000. Calculate the output, the intermediate consumption and the value added at current prices, assuming no change in prices during the period.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Calculation of output: The following are the simplified data for a firm producing
cars. Sales of cars in dollar 100,353,500. Purchases: raw materials: 54,000,000;
temporary employment services: 35,000,500; machine tools: 26,400,000.
Inventories of finished products at the start of the period: 24,500,000; at the end
of the period: 34,670,000. Inventories of raw materials at the beginning of the
period: 7,320,000; at the end of the period: 4,300,000. Calculate the output, the
intermediate consumption and the value added at current prices, assuming no
change in prices during the period.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa6ae2f8a-e80b-43a1-84da-f315e15fb3ed%2Fee76f065-b188-4068-afd0-9b8c6ce23f65%2Fov7vxb3_processed.png&w=3840&q=75)
Transcribed Image Text:Work out this questions
Calculation of output: The following are the simplified data for a firm producing
cars. Sales of cars in dollar 100,353,500. Purchases: raw materials: 54,000,000;
temporary employment services: 35,000,500; machine tools: 26,400,000.
Inventories of finished products at the start of the period: 24,500,000; at the end
of the period: 34,670,000. Inventories of raw materials at the beginning of the
period: 7,320,000; at the end of the period: 4,300,000. Calculate the output, the
intermediate consumption and the value added at current prices, assuming no
change in prices during the period.
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