In the fiscal year FY2021 (July 2020 to June 2021) the Uttara Motors imported raw materials...
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In the fiscal year FY2021 (July 2020 to June 2021) the Uttara Motors imported raw materials for assembling 10,000 motor bikes. On average, import value for raw materials per motorbike was 50,000 taka. Uttara Motors reported that assembling cost per motorbikes was 40000 Taka. However, finally Uttara Motors managed to sell out 7000 motorbikes to consumers each at 120,000 Taka within FY2021. Rest were recorded as inventory. Use Value added approach to calculate the value of GDP. Also explain, which of these above transactions will be included in Bangladesh GDP and why? (Must solve with math) In the fiscal year FY2021 (July 2020 to June 2021) the Uttara Motors imported raw materials for assembling 10,000 motor bikes. On average, import value for raw materials per motorbike was 50,000 taka. Uttara Motors reported that assembling cost per motorbikes was 40000 Taka. However, finally Uttara Motors managed to sell out 7000 motorbikes to consumers each at 120,000 Taka within FY2021. Rest were recorded as inventory. Use Value added approach to calculate the value of GDP. Also explain, which of these above transactions will be included in Bangladesh GDP and why? (Must solve with math)
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Governmental and Nonprofit Accounting Theory and Practice
ISBN: 978-0133799569
11th edition
Authors: Robert J. Freeman, Craig D. Shoulders, Dwayne N. McSwain, Robert B. Scott
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