Answer:
household spending on durable and nondurable goods as well as household spending on services
Explanation:
Gross domestic product is the sum of all final goods and services produced in an economy within a given period which is usually a year.
GDP can be calculated using:
1. Expenditure approach
2. The income approach
The expenditure approach = Consumption spending + Investment spending + Government Spending + Net Export
Consumption spending is household spending on durable and nondurable goods as well as household spending on services.
Investment spending is spending by businesses.
Government spending includes spending by government
Net Export is export less import
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Answer:
A Cyber Insurance Policy
Explanation:
A Cyber liability policy covers the loss or damage of electronic data.
The policy often includes the following categories to be covered:
- Errors and omissions,
- media liability,
- network security,
- and privacy
Answer:
Limitation on Business Interest Deductions:
B. The limitation is calculated as a percentage of the taxpayers total taxable income
Explanation:
30% (or 50% for years 2019 and 2020, as amended by the CARES Act) of the adjusted taxable income of a business is the limit of business interest expense that is allowed by the IRS. The excess after this limitation may be carried forward by the tax paying organization to future tax years indefinitely until the interest expense is completely applied.
Following the CARES Act, "the business interest expense deduction limitation does not apply to certain small businesses whose gross receipts are $26 million or less, electing real property trades or businesses, electing farming businesses, and certain regulated public utilities. The $26 million gross receipts threshold, which applies for the 2020 tax year, is adjusted annually for inflation."
The contribution margin equals sales minus Variable Cost.
This is based on the idea that contribution margin is the total money that each sales quantity contributes to making a business's profits.
In other words, the contribution margin is the total amount that remains after deducting variable costs from sales revenue.
Hence, in this case, it is concluded that the contribution margin equals sales minus Variable Cost.
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