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NeX [460]
3 years ago
8

If real GDP increased from $10 billion to $11 billion from the first quarter of 2016 to the first quarter of 2017, but had incre

ased by 4% from the fourth quarter of 2016 to the first quarter of 2017, the BEA would report first quarter of 2017 GDP growth as _____ using the year-over-year method and _____ using the annualized method.
Business
1 answer:
Sphinxa [80]3 years ago
3 0

Answer:

10%; 16%

Explanation:

Given that,

Real GDP in the first quarter of 2016 = $10 billion

Real GDP in the first quarter of 2017 = $11 billion

Increased from the fourth quarter of 2016 to the first quarter of 2017 = 4%

Growth rate from the first quarter of 2016 to first quarter of 2017:

= \frac{GDP_{2017}-GDP_{2016}  }{GDP_{2016}}\times 100

= \frac{11-10  }{10}}\times 100

= 10%

Real GDP growth rate is as follows:

= 4% × 4

= 16%

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The answer to the given situation is "the result of this oversight is that the liabilities are understated".
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6 0
3 years ago
Angela has an annual contract with Stenbach Service Centre to provide property maintenance services; this includes lawn care, sn
timurjin [86]

Answer:

Angela and Stenbach Service Centre

Contract for Service and Contract of Service:

1. Angela has a contract for service.

2. Factors used to decide whether a contract is for service or of service:

a) Employment terms are slightly different from business contract terms.

b) Employees are paid Wages and Salaries, while contractors are paid fees.

c) Employees do not submit monthly invoices for payment, but contractors do.

d) Angela fills tax forms for herself and remits the taxes, so she is self-accounting with respect to her income taxes, unless withholding taxes like Sales taxes.  An employee's income tax is deducted from her salary before payment and the company remits the taxes to the IRS.

Explanation:

The agreement between Angela, a self-employed individual, and Stenbach Service Centre is a contract for service.   A contract of service is an employment contract between Stenbach Service Centre, the employer, and the Payables Supervisor, an employee, for example.  Essentially, Angela can be described as an outsourcer for services vendor or service provider to Stenbach Service Centre, an outsourcer of service company.  Angela is engaged for a fee to carry out property maintenance services, including lawn care, snow removal, and parking lot maintenance.  She is an independent contractor with Stenbach.  She does not need to work on any day and she can subcontract her work by hiring others to help her discharge the service.  An employee, like Chris, cannot hire another person to discharge his responsibilities and must work on designed days.

Another important difference is that Angela submits monthly invoices for actual work done.  An employee does not have to submit an invoice in order to be paid for work done.  Angela's invoices will not be of the same amount from one month to the other, unlike Chris' whose salary pay sheet may be static in amount from month to month.  

5 0
2 years ago
eBook Problem Walk-Through Byron Books Inc. recently reported $12 million of net income. Its EBIT was $28.6 million, and its tax
snow_lady [41]

Answer:

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Interest expense = $12,600,000

Explanation:

Earnings Before Tax (EBT) =  Net Income  / (1 - Tax Rate)

Earnings Before Tax (EBT) =  $12,000,000 / ( 1 - 0.25)

Earnings Before Tax (EBT) =  $12,000,000 / 0.75

Earnings Before Tax (EBT) =  $16,000,000

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Interest expense = $28,600,000 - $16,000,000

Interest expense = $12,600,000

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Details                               Amount

EBIT                                  $28,600,000

Less: Interest expenses  <u>$12,600,000</u>

EBT                                   $16,000,000

Tax at 25%                       <u>$4,000,000</u>

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4 0
2 years ago
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mylen [45]
The answer to your question is true.
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Tems11 [23]

Answer: Focused differentiation strategy

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7 0
3 years ago
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