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3 years ago

Use the table to answer the question.

Business

1 answer:

jarptica [38.1K]3 years ago

5 0

The growth rate of Nominal GDP from 2007 to 2008 is 100%.

Nominal GDP is the gross domestic product of a country that is calculated using current year prices. It included real GDP and inflation.

Growth rate in GDP = (nominal GDP in 2008 / nominal GDP in 2007) - 1

Nominal GDP in 2007 = (60 x 100) + (15 x 20)

= $6000 + $300

= $6,300

Nominal GDP in 2008 = (60 x 200) + (12 x 50)

$12,000 + 600

= $12,600

Growth rate = ($12,600 / 6,300) - 1 = 100%

Please find attached an image of the table used in answering this question. To learn more about GDP, please check: brainly.com/question/25780486

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An argument for trade tariffs is that it protects infant industries.

3241004551 [841]

Answer:

The infant industry argument is an economic rationale for trade protectionism. The core of the argument is that nascent industries often do not have the economies of scale that their older competitors from other countries may have, and thus need to be protected until they can attain similar economies of scale.

4 0

2 years ago

Suppose that on January 6, 2018, Excel Motors paid $240,000,000 for its 45% investment in Dynamic Motors. Excel has significant

Ivenika [448]

Answer: provided in the explanation segment

Explanation:

To begin we will answer each part accordingly.

For Requirement 1 :

I would say that Excel Motors should use the Equity method to account for its investment in Dynamic Motors, because the investment results in significant influence over the investment company.

For Requirement 2 :

In the books of Excel Motors: we have that;

Transaction/ Event Date Accounts&Explanation Debit ($

) Credit($

)

1. Jan 6, 2018 Investment in Associate 240,000,000

Cash 240,000,000

Accnt&Explan: To record cash paid for equity investment in Dynamic Motors.

2. Cash ( $ 15,000,000 x 45%) 6,750,000

Investment in Associate 6,750,000

Accnt&Explan:To record dividend received in cash from Dynamic Motors

3. Investment in Associate ( $ 10,000,000 x 45%) 4,500,000

Investment Revenue 4,500,000

Accnt&Explan:To record income earned on equity investment

For Requirement 3:

Equity Investment in Dynamic Motors:

Cash 240,000,000 Cash 6,750,000

Investment Income 4,500,000

Ending Balance 237,750,000

244,500,000 244,500,000

The balance would be classified as a non-current asset on the balance sheet dated December 31, 2018

cheers i hope you understand, this is actually in a tabular form.

8 0

3 years ago

Margie is 15 and claimed as a dependent by her parents. she has $800 in dividends income and $1,400 in wages from a part-time jo

Vinil7 [7]

Under United States tax law, the standard deduction is a dollar quantity that non-itemizers may deduct from their income before income tax is applied. Taxpayers may select either itemized deductions or the standard deduction, either outcomes in the lesser amount of tax payable. The standard deduction is accessible to US citizens and aliens who are occupant for tax purposes and who are individuals, married persons, and heads of household. When filing her own tax return, Margie is limited to the greater of $1,050 or $1,750, it is solved by the sum of the earned income for the year plus $350.So the answer is $1,400 + $350 = $1,750

6 0

3 years ago

OceanGate sells external hard drives for $260 each. Its total fixed costs are $30 million, and its variable costs per unit are $

Svetach [21]

Answer:

a. in order to calculate this we must assume that the economy entered a recession:

degree of operating leverage = [($20 - $70)/$70] / [($260 - $520)/$520] = -0.7143 / -0.5 = 1.43

b. $14 million

Explanation:

strong economy:

total sales $520 million

variable costs $420 million

gross profit $100 million

fixed costs $30 million

EBIT $70 million

income taxes $21 million

net income $49 million

weak economy:

total sales $260 million

variable costs $210 million

gross profit $50 million

fixed costs $30 million

EBIT $20 million

income taxes $6 million

net income $14 million

7 0

3 years ago

You have recently been hired as the assistant controller for Stanton Industries. Your immediate superior is the controller who,

Nata [24]

Answer:

Answer is given below.

Explanation:

it is absolutely exploitative to adjust the maturing of the records receivable with no legitimate explanation so as to diminish the remittance made so as to expand the benefit and show an off base monetary record figures to the partners. The controller can't subjectively choose to change the records receivable to cut down the noncollectable records as at some point or another a similar will be found during review and a similar will be hailed off as a fake. The long haul results you would confront incorporate landing terminated from the position, having your authorized dropped in the event that you are CPA and may likewise confront lawful prosecutions. You should disclose to the controller that so as to simply introduce a decent benefit for the present year it can place into the danger for the future and put their vocation in question. Additionally, a similar won't be valued by the investors and the organization may go on free its altruism.

5 0

4 years ago