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2 years ago

Which of the following would be included in the U.S. gross domestic product (GDP) measure?

Business

1 answer:

Firlakuza [10]2 years ago

7 0

Answer:
B) The value of Toyota cars made in California

Explanation:
The question asks for something that would be included in the U.S.’s GDP. This answer is the only one that is located in the United States. The other answers are from different countries.

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Steve owns Barb, Inc. and has grown the business over the last 15 years and is the sole owner. He decides to sell 40 percent of

Mamont248 [21]

Answer:

a. Steve will not have a capital gain in Year 1 for tax purposes.

Explanation:

Since Steve (the owner of Barb) sold his stocks to an ESOP (employee stock ownership plan), then he will be able to avoid capital gains taxes at least for the first year. ESOPs are qualified retirement plans and when they invest in stocks of the same sponsoring company, the transaction is not taxed if the seller reinvests (buys other stocks). As long as ESOP holds at least 30% of the company's stocks, then Steve can defer his taxes.

3 0

2 years ago

Wickland Company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $127,000.

Brut [27]

Answer:

b. $31,000

Explanation:

The computation of the depreciation expense using the straight-line method for the second year is shown below:

= (Original cost - residual value) ÷ (useful life)

= ($127,000- $3,000) ÷ (4 years)

= ($124,000) ÷ (4 years)

= $31,000

Hence, the correct option is b. $31,000

The units are to be ignored as the method i.e used is straight line so the same is to be considered

6 0

3 years ago

Someone who avoids the Sequence Pattern will typically

brilliants [131]

Will typically have a strong-willed learning environment.

7 0

3 years ago

The manager of Belle Home Improvements purchased several cash registers for the business on June 10 but does not remember whethe

mezya [45]

Answer:

The best place to get information about the transaction is the general journal.

Explanation:

The best place for the manager to get information about the transaction is the general journal.

The journal in accounting is a record of financial transactions in order by date. The general journal is a day book that records transactions as it relates to adjustment entries, opening stock, accounting errors. Entries in general journal includes dates and explanation of transaction called narration.

The manager can find out if he paid fully for the transaction by going through the narration in the general journal.

7 0

2 years ago

A manufacturer of plastic canoes and fiberglass kayaks is experiencing an increase in the price of kayaks in the marketplace, wh

Effectus [21]

Answer:

an increase in the price of soccer balls.

Explanation:

Soccer balls are made of polyethylene and other petroleum oil derivates. An increase in the price of oil will lead to increased price of soccer balls, because the raw material price has gone up.

Kayaks also have raw materials derived from oil that is why they are experiencing a rise in price.

Kayaks and soccer balls will have a directly proportional relationship due to their common raw material source- oil.

8 0

3 years ago