1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
hello are anyone there with free time on there hands i need friends and dont go if i dont answer because my mom is well a mom an
Troyanec [42]

Answer:

ello

Explanation:

I'll be your fren if that's what cha asking :^

5 0
2 years ago
Read 2 more answers
Jane is 20 years old and is a sophomore at Lake University. She is a full-time student and does not have any gross income. Jane
OLga [1]

Answer:

c. Jane grandparents cannot claim her as a dependent because Jane provided more than half of her own support.

Explanation:

Based on the information given the statements regarding the dependency rules for Jane that is true is Jane grandparents cannot in any way claim Jane as a dependent reason been that Jane provided more than half of her own support due to the fact that she her s total support for is the amount of $30,000 which as well include a scholarship of the amount of $5,000 to help cover tuition in which Jane used the amount of $12,000 of her savings while her grandparents on the other hand only provided the amount of $13,000 out of the Total support of $30,000.

3 0
3 years ago
Change from the fair value method to the equity method Assume an investor company acquires for $256,000 an 8% investment in the
matrenka [14]

Answer:

Date         Account title and explanation      Debit        Credit

March 1    Equity investment                          $32,000

                ($612,000/17%)*8% - $256,000)

                       Unrealized holding gain                             $32,000

               (To adjust the value of equity investment)

Note: On 1 march, value of the investment value is increased which is unrealized based on 31 December fair value

6 0
3 years ago
Gillie, Taft, and Dall are partners in an accounting firm. The partnership agreement is silent about the payment of salaries and
devlian [24]

Answer:

Explanation:

The partnership agreement is silent about the payment of salaries and the division of profits and losses.

Profits should be divided based on capital invested by each

The capital investment by Gillie, Taft and Dall is 60000 : 120000 : 60000 Distribution has to be in ratio of 1:2:1

Total profits are 120,000, 1:2:1 ratio

The distribution will be Gillie $30,000, Taft $60,000 and Dall $30,000.

3 0
3 years ago
Read 2 more answers
An advantage of tradable emissions permits is that: Group of answer choices they provide incentives for firms to develop technol
mars1129 [50]

Answer:

they provide incentives for firms to develop technologies that are less polluting.

Explanation:

Pollution can be defined as the physical degradation or contamination of the environment through an emission of harmful, poisonous and toxic chemical substances.

Offset trading refers to a type of trading system that is typically designed for the realization of more efficient pollution control.

This ultimately implies that, it can be described as a program that allows new firms to pay existing firms to reduce their emissions below a standard.

Free market in tradable pollution permits simply means giving manufacturing companies and individuals the legal right to pollution of the environment. For example, XYZ company is purchasing the permit of 500 units of carbon dioxide (CO2) pollution annually, this simply means it is permitted to pollute the environment by 500 units of CO2 annually.

Additionally, a free market in tradable pollution permits has some sort of benefits as companies can resell their unused permits or devise a cheaper means of reducing pollution. It also compensate companies that significantly reduces its pollution of the environment.

Hence, an advantage of tradable emissions permits is that they provide incentives for firms to develop technologies that are less polluting because it would reduce the amount they would have to pay for pollution.

3 0
3 years ago
Other questions:
  • Marcie and her husband, Franklin, each own 50 shares of Chestnut, Inc. Sally, Marcie's old high school friend, owns the remainin
    14·1 answer
  • Personal finance please help
    14·1 answer
  • Suppose that college professors at public universities are unionized. if public university college professors change their minds
    15·1 answer
  • Hutter corporation declared a $0.50 per share cash dividend on its common shares. the company has 37,000 shares authorized, 19,2
    14·1 answer
  • Central Supply paid off an accounts payable for a toboggan it had purchased on credit three weeks ago. The time period between t
    12·1 answer
  • A homebuyer wishes to finance the purchase with a $95,000 mortgage with a 20-year term. What is the maximum interest rate the bu
    14·1 answer
  • Which account is credited when a job is completed? finished goods inventory. sales revenue. cost of goods sold. work in process
    12·1 answer
  • James Smith recorded the following transactions during the month of April. Apr. 3 Cash 1,400 Service Revenue 1,400 16 Rent Expen
    8·1 answer
  • Ramses Corporation produces a product that passes through two processes. During April, the first department transferred 19,000 u
    6·1 answer
  • If you were running a marathon which type of muscle fibers.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!