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3 years ago

The transition to an information economy was characterized by ______.

1 answer:

7 0

The transition to this new helpful worldwide economy really started coming to fruition back in the 1950s—a period in which the machines that drove the Industrial Age changed apparatuses for the new Information Age.
The real move to a data based economy accentuated data dispersion and recovery and in addition transnational monetary collaboration. As a feature of this pattern, in the 1950s different broad communications businesses started showcasing music, motion pictures, TV projects, and PC programming on a worldwide level.

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Turner Company owns 10% of the outstanding stock of ICA Company. During the current year, ICA paid a $5 million cash dividend on

lozanna [386]

Answer:

Turnover Company

The net income of Turnover will increase by $500,000.

Explanation:

a) Data and Calculations:

Turner Company's shareholding in ICA = 10%

ICA pays dividend totalling $5 million

Turner's share of dividend = $500,000 ($5 million * 10%)

b) This is not based on equity accounting. Instead, the investment will be reported at fair value. Equity accounting method will be applied in recording Turner's investments in ICA Company, if the ownership interest is valued at 20–50% of the stock.

c) The $500,000 dividends received from ICA Company will be reported in the Income Statement of Turner Company as other income, unless Turner ordinarily buys and sells stocks. The 10% shareholding does not amount to significant control or influence for the accounts of Turner and ICA to be consolidated.

6 0

3 years ago

In 2010, us nominal gdp was estimated to be $14.657 trillion dollars while the real gdp was estimated to be $13.245 trillion. wh

Tcecarenko [31]

Answer:

Nominal gross domestic product (GDP) measures the market value of all the new and legal goods and services produced in a country within a year. While real GDP adjusts nominal GDP to inflation. Since inflation is generally positive, real GDP decreases as inflation increases. The higher the inflation rate, the larger the difference between nominal and real GDP. Depending on which year is used as base year (year 0), the difference that existed in 2010 can be either significant or not.

The difference = ($14,657 / $13,245) - 1 = 10.66%, which means that nominal GDP was 10.66% higher than real GDP. If the base year is 2000 or even 2005/6, the difference is very small since the accumulated inflation would only be 10.66% for all these years. But if the base year was 2008 or even 2009, then the inflation rate is high.

8 0

3 years ago

Correct answers will get extra!!! Points

lutik1710 [3]

1. True
2. False
3. True

Sorry if I get the wrong answers!!!

8 0

3 years ago

Arnold, a single individual, has adjusted gross income of $65,000 in the current year. Arnold donates the following items to his

Olin [163]

Answer:

Option A. $15,400

Explanation:

The net deduction allowed as an charitable contributions are as under:

1. ABC Cop. stock

Cost $6000

FMV $22000 $16000

2. Personal Clothing Items

Cost $1000

FMV $400 ($600)

Net Deduction $15,400

The amount that qualifies as charitable contribution for the year is $15400.

3 0

3 years ago

The type of scarcity in the cartoon?

o-na [289]

Economic cartoons is your answer

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3 years ago