A true because its like being repeated
Answer: $200
Explanation:
To qualify as a Casualty loss, the event that led to the damage or destruction must have been unexpected such as an accident, hurricane, fire etc.
When calculating for the Casualty loss deduction, we simply deduct the money received from the insurance from the Adjusted basis,
Casualty loss deduction = Adjusted basis - Cash received from the Insurance company
= $14,000 - $10,000
= $4,000
Since it is After any limitations, we also deduct a cost per event floor of $100 and 10% of the AGI
=4,000 - 100 - (37,000*0.1)
= $200
Belinda's casualty loss deduction (after any limitations) is $200.
The central bank would expand the money supply by $200 billion if nominal GDP rose by $800 billion during a period when velocity was 4.
nominal spending + velocity of money monetary supply equals nominal GDP monetary supply
The phrase nominal gross domestic product (GDP) refers to GDP calculated using current market prices. The total dollar value of all the products and services produced in a nation is its GDP. Since inflation-related price fluctuations are excluded from nominal GDP, it differs from real GDP.
One way to gauge the strength and prosperity of a country's economy is to look at its gross domestic output. It is the total value of all commodities and services produced over a given time period less the value of all people engaged in that production.
The measurement of economic production known as nominal GDP takes into account current prices. To put it another way, it does not adjust for inflation or the rate of price increases, which can skew the growth estimate. The prices that the items were actually sold for in that year are the values used to calculate the nominal GDP.
Learn more about GDP here
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Answer:
d. increases U.S. imports by $1,000 and decreases U.S. net exports by $1,000.
Explanation:
There are two types of international trades, import and export
Import refers to the trade where the principal country buys goods from another country and takes goods.
Export refers to the trade in which the principal country sells goods from own country and send to the buyer country.
Here principal country is the country of concerned person Mike that is US
Since he purchased he bought goods i.e. Olives from Greece into US.
That means he made a import.
With this US import rises by $1000,
Further net exports = Total export - Total import
Since with this transaction total imports increased by $1,000 net exports will decrease by $1,000
d. increases U.S. imports by $1,000 and decreases U.S. net exports by $1,000.
Answer: 3.4
Explanation:
The Quick ratio is calculated by Dividing Quick Assets by the current Liabilities.
Quick Assets are current assets that are either cash or cash equivalents.
That includes Account Payables, Cash and Marketable securities.
Adding them up,
= 60,000 + 30,000 + 30,000
= $120,000
The Current Liabilities are,
= Accounts Payable + Accrued Liability.
= 30,000 + 5,000
= $35,000
Quick Ratio = Quick Assets / Current Liabilities
Quick ratio= 120,000/ 35,000
Quick Ratio = 3.43
Quick Ratio is 3.4.