The following table shows the national income data for an economy in year 2020. ITEM RM (million)

Wholesale and Retail 11 700

Mining and Gas 7 200

Construction 22 105

Manufacturing 15 705

Agriculture and Forestry 11 000

Banking and Insurance 15 000

Factor Payment from Abroad 5 280

Other Services 2 250

Indirect Taxes 650

Factor Payment to Abroad 6 820

Capital consumption 370

a. Based on the above data calculate:

i. Gross Domestic Product at market price

ii. Gross National Product at factor cost

iii. National Income

b. Name the approach used in this national income calculation.

c. List down TWO (2) uses of national income statistics.

Steele bicycle manufacturing company currently produces the handlebars used in manufacturing its bicycles, which are high-quality racing bikes with limited sales. steele produces and sells only 10,000 bikes each year. due to the low volume of activity, steele is unable to obtain the economies of scale that larger producers achieve. for example, steele could buy the handlebars for $31 each: they cost $34 each to make. the following is a detailed breakdown of current production costs: after seeing these figures, steele's president remarked that it would be foolish for the company to continue to produce the handlebars at $34 each when it can buy them for $31 each. calculate the total relevant cost. do you agree with the president's conclusion?

Each month, business today publishes a news piece about an innovative product, service, or business. such soft news is generally written by a freelance business writer and is known as a

Bayside coatings company purchased waterproofing equipment on january 2, 20y4, for $190,000. the equipment was expected to have a useful life of four years and a residual value of $9,000. instructions: determine the amount of depreciation expense for the years ended december 31, 20y4, 20y5, 20y6, and 20y7, by (a) the straight-line method and (b) the double-declining-balance method. also determine the total depreciation expense for the four years by each method. depreciation expense year straight-line method double-declining-balance method 20y4 $ $ 20y5 20y6 20y7 total $