Investment in 2017 rises by 100 (all figures are in billion dollars). GDP in 2017 does not change. Also, Consumption (C) and Government purchases (G) do not change.
Which is most likely to happen?
GDP in 2018 will rise by 100.
Capital in 2018 will rise by 100.
Capital in 2017 will rise by 100.
Net exports in 2017 will rise by 100.
The real wage will rise in 2017.
In: Economics
1) List the components of GDP in the output (expenditures) approach.
2) Please calculate the growth rate based on the following information:
U.S. GDP 2019 = 19.1 trillion dollars
U.S. GDP 2018 = 18.8 trillion dollars
U.S. GDP 2017 = 18.5 trillion dollars
What is the growth rate between 2018 and 2019?
What is the growth rate between 2017 and 2019?
In: Economics
Ruth, who files as single, reported itemized deductions of $12,300 on her 2018 tax return. Her itemized deductions included $400 of state taxes paid. In 2019, she received a $275 refund of state taxes paid in 2018. What is the amount that Ruth needs to report on her 2019 tax return?
A) $400. B) $275. C) $300. D) $0.
In: Accounting
McKenzie purchased qualifying equipment for his business that cost $212,000 in 2018. The taxable income of the business for the year is $5,600 before consideration of any § 179 deduction.
a. Calculate McKenzie s § 179 expense deduction for 2018 and any carryover to 2019.
b. How would your answer change if McKenzie decided to use additional first-year (bonus) depreciation on the equipment?
In: Accounting
During FY 2018, Towson Manufacturing had a beginning finished goods inventory of $18,000 & ending finished goods inventory of $17,500. Beginning work-in-process was $14,000 and ending work-in-process was 10,500. Factory overhead was $22,500. The total manufacturing costs amounted to $270,000. Use this information to determine the FY 2018 Cost of Goods Sold. (Round enter as whole dollars only.)
In: Accounting
Pod Company, a 100% owned subsidiary of Pea Company, sold land to Pod on March 1, 2017, for $65,000. The land originally cost Pod $50,000. Pea still owns the land at the end of 2018.
On a consolidation worksheet, what adjustment would be made for 2017 regarding the land transfer?
On a consolidation worksheet, what adjustment would be made for 2018 regarding the land transfer?
In: Accounting
In: Finance
On June 1, 2018, a customer made a purchase of $40,000 of merchandise. The customer signed a $40,000, five- year, zero-interest-bearing note due June 1, 2023. The market interest rate for a loan of c omparable risk level was 14%.
Prepare an effective-interest amortization schedule for the promissory note received from the customer on June 1, 2018. Show calculations
In: Accounting
On February 5, 2018, Breanna purchased a newly issued three-year bond that has a face value for $1,000 and a coupon rate of 6.5%. On February 6, 2018, the market rate on similar bonds rose to 7.2%. If Breanna sold her bond, what price would she have received? Show your work using the present value/future value formula.
In: Finance
On 31 July 2018, Sipho bought 1 000 ordinary shares in ABC Ltd at a cost of R2 750. On 31 December 2018 the company made a 1 for 10 bonus issue. On 31 March 2019, Sipho sold 300 shares for R800. The chargeable gain or allowable loss arising on the disposal is:
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Loss R50 |
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Gain R250 |
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Gain R50 |
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Loss R25 |
In: Finance