Which of the following is considered in the calculation of 2020 US GDP? sale of a...
Which of the following is considered in the calculation of 2020 US GDP?
sale of a 1967 Chevy Malibu
purchase of Apple stock
volunteers building a home for a family in need
payment for income tax preparation service
Homework Answers
Ans
Purchase of Apple Stock
The expenditure approach to calculating gross domestic product (GDP) takes into account the sum of all final goods and services purchased in an economy over a set period of time. That includes all consumer spending, government spending, business investment spending, and net exports.
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Which of the following is considered in the calculation of 2020
US GDP?
sale of a...
Which of the following is TRUE in the calculation of GDP? Select one: @ д. GDP...
Which of the following is TRUE in the calculation of GDP? Select one: @ д. GDP is positively adjusted to include production in the underground economy. o b. GDP is negatively adjusted to account for environmental damage caused by businesses o c. GDP does not include goods and services produced privately inside the home. O d. GDP includes a positive adjustment for leisure activities, even if no purchase is required
Which of the following is counted in this year’s GDP explain your answer in each case?...
Which of the following is counted in this year’s GDP explain your answer in each case? Interest received on an AT&T corporate bond. Social Security payments received by a retired factory worker. Unpaid services of a family member in painting the family home Income of a dentist from the dental services provide. A monthly allowance a college student receives from home. Money received by Josh when he resells his nearly brand-new Honda automobile to Kim. The publication and sale of...
Following are percentage change of real GDP from the preceding quarter. Q1-2020: −1.26%, Q2-2020: −8.98%, Q3-2020: 7.48%, and Q4-2020: 0.99% (Hint: Q1-2020 figure means that the real GDP in the US grew at a rate of −1.26% over quarter 1 of 2020 compared t
8. Following are percentage change of real GDP from the preceding quarter. Q1-2020: \(-1.26 \%\) Q2-2020: \(-8.98 \%\), Q3-2020: \(7.48 \%\), and Q4-2020: \(0.99 \%\) (Hint: Q1-2020 figure means that the real GDP in the US grew at a rate of \(-1.26 \%\) over quarter 1 of 2020 compared to the level of real GDP in quarter 4 of \(2019 .\) ) Given this information, which of the following statements is false?a) US GDP in 2020 was higher than its...
16. Which of the following would be considered income to Joe for tax purposes in 2020?...
16. Which of the following would be considered income to Joe for tax purposes in 2020? I. Joe steals $5,000 on June 1, 2020. II. Joe grows vegetables in his back yard garden and then receives $200 after selling the vegetables at a farmers market (on July 1, 2020). a. b. C. d. I only II only Both I and II Neither I nor II 17. Your client receives a scholarship to State University. Which of the items listed below...
Ivanhoe Corporation engaged in the following cash transactions during 2020. Sale of land and building $192,500...
Ivanhoe Corporation engaged in the following cash transactions during 2020. Sale of land and building $192,500 Purchase of treasury stock 40,900 Purchase of land 42,400 Payment of cash dividend 94,600 Purchase of equipment 57,300 Issuance of common stock 147,100 Retirement of bonds 109,400 Compute the net cash provided (used) by investing activities. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) VANHOE CORPORATION Statement of Cash Flows (Partial)
Kingbird Corporation engaged in the following cash transactions during 2020. Sale of land and building $183,720...
Kingbird Corporation engaged in the following cash transactions during 2020. Sale of land and building $183,720 Purchase of treasury stock 49,600 Purchase of land 47,000 Payment of cash dividend 88,900 Purchase of equipment 62,500 Issuance of common stock 147,300 Retirement of bonds 105,700 Compute the net cash used (provided) by financing activities. (Show amounts that decrease cash flow with either a - sign e.g.-15,000 or in parenthesis e.g. (15,000).) KINGBIRD CORPORATION Statement of Cash Flows (Partial)
Sweet Corporation engaged in the following cash transactions during 2020. Sale of land and building $198,100...
Sweet Corporation engaged in the following cash transactions during 2020. Sale of land and building $198,100 Purchase of treasury stock 44,100 Purchase of land 42,000 Payment of cash dividend 94,500 Purchase of equipment 53,800 Issuance of common stock 149,200 Retirement of bonds 108,100 Compute the net cash provided (used) by investing activities. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).) SWEET CORPORATION Statement of Cash Flows (Partial),
QUESTION 52 Which of the following would NOT be included in the GDP accounts? the value...
QUESTION 52 Which of the following would NOT be included in the GDP accounts? the value of time spent learning how to prepare your personal income tax return the value of the time a mechanic spends changing the battery of a customer's car the payment to a certified nursing assistant for caring for an aged relative in her home O the value of the gambling winnings that you declare on your tax return QUESTION 53 Which of the following activities...
Flint Corporation engaged in the following cash transactions during 2020. on- Sale of land and building $181,020 Pu...
Flint Corporation engaged in the following cash transactions during 2020. on- Sale of land and building $181,020 Purchase of treasury stock 46,300 Purchase of land 37,100 Payment of cash dividend 86,200 Purchase of equipment 55,700 Issuance of common stock 149,100 Retirement of bonds 108,300 Compute the net cash used (provided) by financing activities. (Show amounts that decrease cash flow with either a signe.s. parenthesis e.g. (15,000).) FLINT CORPORATION Statement of Cash Flows (Partial)
Bonita Corporation engaged in the following cash transactions during 2020. Sale of land and building $200,900 Purch...
Bonita Corporation engaged in the following cash transactions during 2020. Sale of land and building $200,900 Purchase of treasury stock 42.400 Purchase of land 39,900 Payment of cash dividend 91,900 Purchase of equipment 55,300 Issuance of common stock 150,200 103,200 Retirement of bonds Compute the net cash provided (used) by investing activities. (Show amounts that decrease cash flow with elther a sign .g. - 15,000 or in parenthesis e.g. (15,000).) BONITA CORPORATION Statement of Cash Flows (Partial)
Which of the following is TRUE in the calculation of GDP? Select one: @ д. GDP is positively adjusted to include production in the underground economy. o b. GDP is negatively adjusted to account for environmental damage caused by businesses o c. GDP does not include goods and services produced privately inside the home. O d. GDP includes a positive adjustment for leisure activities, even if no purchase is required
16. Which of the following would be considered income to Joe for tax purposes in 2020? I. Joe steals $5,000 on June 1, 2020. II. Joe grows vegetables in his back yard garden and then receives $200 after selling the vegetables at a farmers market (on July 1, 2020). a. b. C. d. I only II only Both I and II Neither I nor II 17. Your client receives a scholarship to State University. Which of the items listed below...
Kingbird Corporation engaged in the following cash transactions during 2020. Sale of land and building $183,720 Purchase of treasury stock 49,600 Purchase of land 47,000 Payment of cash dividend 88,900 Purchase of equipment 62,500 Issuance of common stock 147,300 Retirement of bonds 105,700 Compute the net cash used (provided) by financing activities. (Show amounts that decrease cash flow with either a - sign e.g.-15,000 or in parenthesis e.g. (15,000).) KINGBIRD CORPORATION Statement of Cash Flows (Partial)
Sweet Corporation engaged in the following cash transactions during 2020. Sale of land and building $198,100 Purchase of treasury stock 44,100 Purchase of land 42,000 Payment of cash dividend 94,500 Purchase of equipment 53,800 Issuance of common stock 149,200 Retirement of bonds 108,100 Compute the net cash provided (used) by investing activities. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).) SWEET CORPORATION Statement of Cash Flows (Partial),
QUESTION 52 Which of the following would NOT be included in the GDP accounts? the value of time spent learning how to prepare your personal income tax return the value of the time a mechanic spends changing the battery of a customer's car the payment to a certified nursing assistant for caring for an aged relative in her home O the value of the gambling winnings that you declare on your tax return QUESTION 53 Which of the following activities...
Flint Corporation engaged in the following cash transactions during 2020. on- Sale of land and building $181,020 Purchase of treasury stock 46,300 Purchase of land 37,100 Payment of cash dividend 86,200 Purchase of equipment 55,700 Issuance of common stock 149,100 Retirement of bonds 108,300 Compute the net cash used (provided) by financing activities. (Show amounts that decrease cash flow with either a signe.s. parenthesis e.g. (15,000).) FLINT CORPORATION Statement of Cash Flows (Partial)
Bonita Corporation engaged in the following cash transactions during 2020. Sale of land and building $200,900 Purchase of treasury stock 42.400 Purchase of land 39,900 Payment of cash dividend 91,900 Purchase of equipment 55,300 Issuance of common stock 150,200 103,200 Retirement of bonds Compute the net cash provided (used) by investing activities. (Show amounts that decrease cash flow with elther a sign .g. - 15,000 or in parenthesis e.g. (15,000).) BONITA CORPORATION Statement of Cash Flows (Partial)
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