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Calculate NNPfc
Compensation 1000
Salary 2000
Commission. 500
Mixed income 1000
Rent 200
Interest 400
Profit 700
Dividend. 400
NIT 200
Subsidies. 100
NFIA. -300
Depreciation. 40?
Compensation 1000
Salary 2000
Commission. 500
Mixed income 1000
Rent 200
Interest 400
Profit 700
Dividend. 400
NIT 200
Subsidies. 100
NFIA. -300
Depreciation. 40?
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Calculate NNPfc Compensation 1000 Salary 2000 Commission. 500 Mixed in...
Calculation of NNPfc
Overview
In this question, we are required to calculate NNPfc which is Net National Product at factor cost.
Components of NNPfc
NNPfc is calculated by subtracting depreciation and NFIA from GNPfc. GNPfc is Gross National Product at factor cost. GNPfc is calculated by adding all the income generated by factors of production within a country's borders. The components of NNPfc are as follows:
Components of GNPfc
- Compensation: 1000
- Salary: 2000
- Commission: 500
- Mixed income: 1000
- Rent: 200
- Interest: 400
- Profit: 700
- Dividend: 400
- NIT: 200
- Subsidies: 100
- NFIA: -300
Calculation of GNPfc
GNPfc can be calculated by adding all the components of income generated by factors of production.
GNPfc = Compensation + Salary + Commission + Mixed income + Rent + Interest + Profit + Dividend + NIT + Subsidies + NFIA
GNPfc = 1000 + 2000 + 500 + 1000 + 200 + 400 + 700 + 400 + 200 + 100 - 300
GNPfc = 5000
Calculation of NNPfc
NNPfc can be calculated by subtracting depreciation and NFIA from GNPfc.
NNPfc = GNPfc - Depreciation - NFIA
NNPfc = 5000 - 40 - (-300)
NNPfc = 5340
Explanation of Depreciation
Depreciation is the reduction in the value of fixed assets due to wear and tear, obsolescence, or any other reason. It is a cost that is incurred in the production process and reduces the value of the assets used in production. Depreciation is subtracted from GNPfc to arrive at NNPfc because it represents the value of the fixed assets that have been used up in the production process. The depreciation in this question is given as 40.
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Calculate NNPfc Compensation 1000 Salary 2000 Commission. 500 Mixed in...
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Calculate NNPfc Compensation 1000 Salary 2000 Commission. 500 Mixed income 1000 Rent 200 Interest 400 Profit 700 Dividend. 400 NIT 200 Subsidies. 100 NFIA. -300 Depreciation. 40?
Question Description
Calculate NNPfc Compensation 1000 Salary 2000 Commission. 500 Mixed income 1000 Rent 200 Interest 400 Profit 700 Dividend. 400 NIT 200 Subsidies. 100 NFIA. -300 Depreciation. 40? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Calculate NNPfc Compensation 1000 Salary 2000 Commission. 500 Mixed income 1000 Rent 200 Interest 400 Profit 700 Dividend. 400 NIT 200 Subsidies. 100 NFIA. -300 Depreciation. 40? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Calculate NNPfc Compensation 1000 Salary 2000 Commission. 500 Mixed income 1000 Rent 200 Interest 400 Profit 700 Dividend. 400 NIT 200 Subsidies. 100 NFIA. -300 Depreciation. 40?.
Calculate NNPfc Compensation 1000 Salary 2000 Commission. 500 Mixed income 1000 Rent 200 Interest 400 Profit 700 Dividend. 400 NIT 200 Subsidies. 100 NFIA. -300 Depreciation. 40? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Calculate NNPfc Compensation 1000 Salary 2000 Commission. 500 Mixed income 1000 Rent 200 Interest 400 Profit 700 Dividend. 400 NIT 200 Subsidies. 100 NFIA. -300 Depreciation. 40? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Calculate NNPfc Compensation 1000 Salary 2000 Commission. 500 Mixed income 1000 Rent 200 Interest 400 Profit 700 Dividend. 400 NIT 200 Subsidies. 100 NFIA. -300 Depreciation. 40?.
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