Answer:
Option (1) is correct.
Explanation:
The value of imports refers to the amount of goods that are purchased by the residents of the home country from the foreign country. While calculating the gross domestic product (GDP) of a particular nation the value of imports is subtracted from the value of exports of that nation.
The value of imports doesn't contribute towards the domestic production of United States because these goods are produced in the foreign country.
GDP = Consumption + Investment + Government spending + Net Exports
= Consumption + Investment + Government spending + (Exports - Imports)
D. growth of neither public nor private sector unions
Explanation:
In recent years both Public and private unions have lost popularity among the workers as they have been slowly losing their importance in the modern capitalistic societies.
<u>Union memberships were important for the security of the rights of the workers</u> and these unions were often quite influential too. This has not remained the case unfortunately.
<u>With sanctions in place, unions do not have an effective job to do and their popularity has dwindled. </u>
Answer:
A) $56,750
Explanation:
Since Manning's ownership changed during the year, it must allocate income differently for the first 40 days than the remaining 325.
Kane should report the following income:
- 100% income form Manning x 40/365 = $73,000 x 40/365 = $8,000
- 75% income from Manning x 325/365 = $73,000 x 75% x 325/365 = $48,750
- total income allocated to Kane = $8,000 + $48,750 = $56,750
Answer:
$255,000
Explanation:
Given that,
2016:
Taxable and pretax financial income = $850,000
Tax rate = 30%
2017:
Taxable and pretax financial income = $850,000
Tax rate = 35%
Income tax refund receivable in 2018:
= Taxable and pretax financial loss in 2018 × Tax rate in the year 2016
= $850,000 × 30 percent
= $255,000
Note:
(i) The carry back provision allows losses to be carried back to preceding 2 years, with the amount of net loss being applied to earliest year first.
(ii) 2018 net loss should be applied to income of 2016 first.
Answer:
$ 120.60
Explanation:
25 glasses * $ 5/ glass = 125 dollars gross income
income - expense = profit
125 - 4.40 = 120.60 profit
