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ExtremeBDS [4]
3 years ago
13

Sean and Yvette Durand live in Swarthmore, PA. Their son, Bob, owns his own plumbing business.

Business
1 answer:
vazorg [7]3 years ago
6 0

Answer:

GDP(Gross Domestic Product) is the final value of goods and services produced within the boundaries of the country in a year.

The formula is as under

GDP= C+I+G+(X-M)

Where

C= consumption

I= Investment

G= Government Expenditure

X= exports

M= Imports

Scenario 1:

Sean buys a bottle of Italian wine

Answer:

In order calculate GDP of US Sean bought an Italian wine. The wine is not of US origin. It is classified as an import. Will be deducted from US GDP under the head of imports

Scenario 2:

Yvette gets a new refrigerator made in the United states

Answer:

GDP includes the final value of the goods and services produced in the country in a year.

Yvette bought a new refrigerator it is part of the C(consumption) section of the GDP. Hence it will be part of US GDP.

Scenario 3:

Sean's employer upgrades all of its computer systems using U.S. made parts.

Answer:

The employer has upgraded the computer system using  made in US parts.

It is an investment and will form part of the investment (I) section of the US GDP calculation.

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If you were the leader of a special-purpose team developing a new computer game and conflicts arose related to power and status
Mice21 [21]
I would listen to the team’s differences and finally come to an agreement that will be the best benefit for everyone.
6 0
2 years ago
joan made deductible contributions to traditional retirement accounts for several years. in 2018 she decided to withdraw $10,000
lukranit [14]

Answer:

Joan will pay income tax on the $10,000 she withdrew in 2018.

Explanation:

When withdrawing from traditional retirement account, the following rules apply:

1. Withdrawals before attaining the age of 59.5 years attract a penalty of 10%, along with income tax on the amount withdrawn.

2. Withdrawals after the age of 59.5 years are treated as income, so income tax is paid on it. In this case tax on the $10,000 withdrawn.

3. At age 70.5 and above you must take the Required Minimum Distribution (RMD) from the pension account.

Note: Roth IRA does not attract tax payments for ages 59.5 years and above, unlike traditional IRA that attracts income tax.

RMD payments does not apply for Roth IRA.

4 0
3 years ago
An investment of $6,000 produces a net annual cash inflow of $2,000 for each of 5 years. What is the payback period? a.2 years b
mestny [16]

Answer:

3 years

Explanation:

The payback period measures how long it takes for the amount invested in a project to be recovered from the projects cash flows .

Number of years = Investment / cash flows

$6000 / $2000 = 3 years

I hope my answer helps you

4 0
3 years ago
If your heart get broken by a man then his new girl threatens you what do u do???
Anarel [89]

Answer:

tell the cops and sue her hopefully if you win you could get money

4 0
3 years ago
Read 2 more answers
Benson Company produces flash drives for computers which have variable costs of $10 per flash drive to produce. Each flash drive
Leno4ka [110]

Answer:

It increases by 50 units.

Explanation:

Current break even point = \frac{Fixed\:Cost}{Contribution\:per\:unit}

Here, fixed cost = $4,500

Contribution per unit = Selling price - Variable Cost = $20 - $10 = $10

Current break even point = \frac{4,500}{10} = 450 units

If variable cost increase by 10% then revised variable cost = $10 + 10% = $11

Contribution per unit = $20 - $11 = $9 per unit

Break even sales in units = \frac{4,500}{9} = 500 units

Difference in original and revised break even = Revised - Original = 500 - 450 units = 50 units,

Thus original break even increases by 50 units, = 50/450 = 11.11% increase.

Final Answer

It increases by 50 units.

6 0
2 years ago
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