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ruslelena [56]
3 years ago
14

During its 2021 fiscal year, Jacobsen corporation reported before tax income of 620,000

Business
1 answer:
mixer [17]3 years ago
6 0

Income before tax is the income that is before it has been taxed or before applying deduction.

<u>Explanation:</u>

An individual or organization's salary before taxes and deductions is before tax income for that company, organisation or for a single individual.

For singular pay, it is determined as the person's wages or pay, venture and resource gratefulness, and the sum produced using some other wellspring of pay. In an organization, it is determined as incomes less costs.

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A farmer sells a bushel of corn to the supermarket for $12. The supermarket then sells the corn to customers for $25. What is th
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Answer:

$ 25

Explanation:

As per the description, the exact amount that is being contributed from the corn bushel to the Gross Domestic Product would be $ 25. The price at which the farmer sold it to the supermarket would not be included in the GDP because it would be considered as an intermediary good because the good purchased for the resale purpose is not included in GDP as it leads to double-counting. Thus, <u>only the price of the final good i.e. $ 25 would be included in GDP as it will now be used for final consumption by the customers</u>.

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Which of the following questions is an example of macroeconomics?
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Answer:

C. If federal taxes are decreased will consumer spending increase?

Explanation:

One keen question that falls under the domain of macroeconomics is the behavior of consumer spending when taxes are decreased.

  • Macroeconomics presents approaches the study of the economy in a holistic way.
  • Every aspect of the economy is considered before strategic economic decisions are taken.
  • Interest rates, inflation, unemployment rate, foreign trade etc. are all categorized under macroeconomics.
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3 years ago
Salt Foods purchases forty $1,000, 7%, 10-year bonds issued by Pretzelmania, Inc., for $37,282 on January 1. The market interest
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Answer and Explanation:

The journal entries are shown below;

a. Investment Dr $37,282

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(being the investment in bonds is recorded)

b.

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Investment  $91

   To interest revenue ($37,282 ×8% × 6 ÷ 12) $1,491

(Being the first interest payment is recorded)

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According to the chart, the initial monthly payment Demarco and Tanya should anticipate paying on principal and interest is ____
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1. B. $811

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Explanation:

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