A m = 4.0 mg insect has acquired a charge of q = -5.5 nC by flying close to a developing thunderhead. The insect
In: Physics
Do you agree with Canon’s decision to allow the two acquired companies to continue to operate independently? What are the pros and cons?
In: Economics
One treatment for acquired myasthenia gravis is acetylcholinesterase inhibitors. Where do acetylcholinesterase inhibitors have their activity in the neuromuscular junction?
In: Anatomy and Physiology
identify the Failed mergers between
Bank of America acquired Merrill Lynch?
why these Alliances are Successful
Ford / Eddie Bauer?
In: Economics
To solve the following problem, it is recommended to use Excel.
Table 1 provides the GDP components expenditures and the current account balance amount at constant price 2010 (in Million US Dollars)
Table 1.UAE Expenditure, 2017 - 2019 (Million Dollars) at constant Price 2010
|
EXPENDITURE |
2017 |
2018 |
2019* |
|
Final Consumption Expenditure : |
173792.00 |
179416.00 |
203809.00 |
|
Government Expenditure |
44964.00 |
42732.00 |
48829.00 |
|
Private Expenditure |
128827.00 |
136684.00 |
154981.00 |
|
Fixed Capital Formation |
71019.00 |
73579.00 |
73595.00 |
|
Change In Stocks: |
49343.00 |
32889.00 |
38067.00 |
|
Gross Fixed Capital Formation |
120362.00 |
106468.00 |
111662.00 |
|
Export of Goods And Services : |
372072.00 |
414864.00 |
402704.00 |
|
Imports of Goods And Services : |
272884.00 |
302726.00 |
313476.00 |
|
Current Account Balance at Constant Price |
27474.00 |
40493.00 |
29645.00 |
Requirements:
Table 2
|
GDP at Constant Prices |
|||
|
Net Transfers |
|||
|
GDP Growth Rate |
|||
|
GNP |
2. Complete Table 3 based the following statistics and your results in table 2 (GDP at constant price).
Table 3 United Arab Emirates Economic Variables, 2017– 2019
|
Economic Variable |
2017 |
2018 |
2019* |
|
Population ( in number) |
9,304,000 |
9,367,000 |
9,504,000 |
|
Gross Domestic Product at Current Prices (Nominal, in Million $) |
385,606 |
422,215 |
421,142 |
|
GDP ( At Constant price calculated in table2)( Real in Million $) |
|||
|
GDP Deflator |
|||
|
Inflation rate (based on deflator) |
- |
||
|
C.P.I (2014 = 100) |
107.8 |
111.1 |
109 |
|
Inflation rate (based on CPI) |
- |
||
|
GDP Per Capita in thousands. |
|||
|
Annual Average Salary at current price (Nominal in $) |
20,523 |
21,077 |
21,054 |
|
Average Nominal Interest rate on credits |
5.50% |
5% |
|
|
Average real Interest rate on credits |
|||
|
Average Nominal Interest rate on deposits |
1.80% |
1.60% |
|
|
Average real Interest rate on deposits |
|||
|
Annual Average Salary in 2019 $ |
3. A worldwide recession (-4.5%) is expected during 2020 due to Covid-19. Assuming that the UAE experiences the same slowdown as the average for the world, what would be the UAE GDP in constant prices in the year 2020. (1 Mark)
4. Explain the different inflation rates obtained based on the CPI method and the inflation rates based on the GDP deflator method. (1 Mark)
.
5. (Bonus question) Illustrate graphically the GDP fluctuation during the period 2017-2020. (1 Mark)
In: Economics
Locate the Consumer Price Index – August 2020 publication
Helpful Tip: You can find the answers to the questions below in the first two pages of the publication.
What happened to the CPI inflation rate in March, April, and May 2020? Why do you think this happened?
What happened to the core rate of inflation in March, April, and May 2020? Why do you think this happened?
In: Economics
Brooke, a single taxpayer, works for Company A for all of 2020, earning a salary of $50,000.
b. Assume Brooke works for Company A for half of 2020, earning $50,000 in salary, and she works for Company B for the second half of 2020, earning $90,000 in salary. What is Brooke’s FICA tax obligation for the year? (Round your intermediate calculations to the nearest whole dollar amount.)
FICA Tax Obligation ______________________
In: Accounting
Brooke, a single taxpayer, works for Company A for all of 2020, earning a salary of $50,000.
b. Assume Brooke works for Company A for half of 2020, earning $50,000 in salary, and she works for Company B for the second half of 2020, earning $90,000 in salary. What is Brooke’s FICA tax obligation for the year? (Round your intermediate calculations to the nearest whole dollar amount.)
FICA Tax Obligation ______________________
In: Accounting
Dutch Bakers has a $100,000 deferred tax liability that will
create taxable income in 2020. Dutch established the deferred tax
liability in 2017 when the tax rate was 40%, and in 2018 the tax
rate enacted for 2020 was increased to 50%.
Part 2: In 2018, the year the tax rate change for 2020 is enacted,
the effect of the change on tax expense will be a:
Debit of $50,000
Debit of $40,000
Debitof25,000
$0
In: Accounting
Tai Corp discontinued their tea division in 2020. The division made
an operational loss of $2 million in 2020, and their assets were
sold at a net loss of $1 million. The firm incurred a $500,000 cost
on severance pay and retraining their employees for different
functions. Tai Corp included the $500,000 cost on their 2020 income
statement as part of their operational expenses. Are they acting in
accordance of US GAAP? Why or why not?
In: Accounting