Homework Answers
Answer - The following will be included in GDP -
1 - Renovation as the private investment
2 - Rent received at new rates
3 - Value received from the sale of the apartment
Hence the total contribution to the GDP will be -
250000 + 8000 + 900000
= $ 1158000
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Consider the following economic activity (assume all occurred in 2015 in the U.S.) • On January...
8. Problems and Applications Q8 Consider the following data on U.S. GDP: GDP Year 2014 2015...
8. Problems and Applications Q8 Consider the following data on U.S. GDP: GDP Year 2014 2015 2016 2017 2018 (Billions of current dollars) 17,521.7 18,219.3 18,707.2 19,485.4 20,494.1 (Billions of 2012 dollars) 16,899.8 17,386.7 17,659.2 18,050.7 18,566.4 Source: "National Economic Accounts."U.S. Bureau of Economic Analysis. The percentage change in nominal GDP from 2017 to 2018 was _ The percentage change in real GDP from 2014 to 2015 was True or False: The percentage change in real GDP from 2014 to...
1. The following events occurred in 2020 in the United States. In column i write either...
1. The following events occurred in 2020 in the United States. In column i write either “included” or“not included”in gross domestic product (GDP) for 2020 and in column ii explain why a. EXAMPLE PROBLEM Buy a new textbook from a bookstore i. included ii. C; final good b. McGraw-Hill (publisher) buys paper for its textbooks from a U.S. supplier i. ii. c. The purchase of U.S. lumber by a contractor used to build a house in SouthWest Florida. i. ii....
Lorenzo is the sole proprietor of a trampoline shop. During 2019, the following transactions occurred. Unimproved...
Lorenzo is the sole proprietor of a trampoline shop. During 2019, the following transactions occurred. Unimproved land adjacent to the store was condemned by the city on February 1. The condemnation proceeds were $15,000. The land, acquired in 1986, had an allocable basis of $40,000. Lorenzo has additional parking across the street and plans to use the condemnation proceeds to build his inventory. A truck used to deliver trampolines was sold on January 2 for $3,500. The truck was purchased...
The following are several transactions of Ardery Company that occurred during the current year and were...
The following are several transactions of Ardery Company that occurred during the current year and were recorded in permanent (that is, balance sheet) accounts unless indicated otherwise: Date Transaction Apr. 1 Purchased a delivery van for $20,000, paying $1,000 down, and issuing a 1-year, 6% note payable for the $19,000 balance. It is estimated that the van has a 4-year life and an $800 residual value; the company uses straight-line depreciation. The interest on the note will be paid on...
The following transactions occurred during the first twelve months of operations: January 1st Common stock is...
The following transactions occurred during the first twelve months of operations: January 1st Common stock is issued in exchange for cash in the amount of ………….………….……………………… 395,000 February 8th The company purchases and pays for 170 units of gourmet dog food at a price of $25 per unit ………….. 4,250 March 1st The company pays cash for a one-year insurance policy in the amount of ……………….………………………..….. 3,900 March 31st Rent on a retail space for 12 months is paid in...
Looking for the correct answer.... several have been posted and not sure which are correct or...
Looking for the correct answer.... several have been posted and not sure which are correct or all questions have not been answered Assume that you are an investment analyst preparing an analysis of an investment opportunity for a client. Your client is considering the acquisition of an apartment complex from a developer at the point in time when the apartments are ready for first occupancy. Your have developed the following information. 1) Number of units = 36 2) First year...
Please help me make the following: Required: 1-a. Prepare all February journal entries and adjusting entries....
Please help me make the following:
Required:
1-a.
Prepare all February journal entries and adjusting entries.
(If no entry is required for a transaction/event, select
"No Journal Entry Required" in the first account
field.)
Required information [The following information applies to the questions displayed below.) 25 points Wally's Widget Company (WWC) incorporated near the end of 2011. Operations began in January of 2012. WWC prepares adjusting entries and financial statements at the end of each month. Balances in the accounts...
Please help me make the following T-Accounts: Post all February entries (transactions and adjustments) to the T-acco...
Please help me make the following
T-Accounts:
Post all February entries (transactions and adjustments) to the
T-accounts.
Required information [The following information applies to the questions displayed below.) 25 points Wally's Widget Company (WWC) incorporated near the end of 2011. Operations began in January of 2012. WWC prepares adjusting entries and financial statements at the end of each month. Balances in the accounts at the end of January are as follows: eBook References Cash $ 21,170 Unearned Revenue (40 units)...
QUESTION 10 Consider the monthly data, including the estimates for March 2020, and the information in...
QUESTION 10
Consider the monthly data, including the estimates for March
2020, and the information in the articles. Which of the following
is the best analysis of and prediction for the money market in the
U.S. economy for the next few months?
a.
Shortages are causing panic buying by households, which has
increased money demand. Lenders are increasing their lending to
keep up with the needs of households and businesses. Money demand
is increasing more than money supply.
b.
Shortages...
Read about Cokes strategy in Africa in the article below and discuss the ethics of selling...
Read about Cokes strategy in Africa in the article below and discuss the ethics of selling soft drinks to very poor people. Is this an issue that a company like Coke should consider? Africa: Coke's Last Frontier Sales are flat in developed countries. For Coke to keep growing, Africa is it By Duane Stanford Piles of trash are burning outside the Mamakamau Shop in Uthiru, a suburb of Nairobi, Kenya. Sewage trickles by in an open trench. Across the street,...
8. Problems and Applications Q8 Consider the following data on U.S. GDP: GDP Year 2014 2015 2016 2017 2018 (Billions of current dollars) 17,521.7 18,219.3 18,707.2 19,485.4 20,494.1 (Billions of 2012 dollars) 16,899.8 17,386.7 17,659.2 18,050.7 18,566.4 Source: "National Economic Accounts."U.S. Bureau of Economic Analysis. The percentage change in nominal GDP from 2017 to 2018 was _ The percentage change in real GDP from 2014 to 2015 was True or False: The percentage change in real GDP from 2014 to...
Please help me make the following:
Required:
1-a.
Prepare all February journal entries and adjusting entries.
(If no entry is required for a transaction/event, select
"No Journal Entry Required" in the first account
field.)
Required information [The following information applies to the questions displayed below.) 25 points Wally's Widget Company (WWC) incorporated near the end of 2011. Operations began in January of 2012. WWC prepares adjusting entries and financial statements at the end of each month. Balances in the accounts...
Please help me make the following
T-Accounts:
Post all February entries (transactions and adjustments) to the
T-accounts.
Required information [The following information applies to the questions displayed below.) 25 points Wally's Widget Company (WWC) incorporated near the end of 2011. Operations began in January of 2012. WWC prepares adjusting entries and financial statements at the end of each month. Balances in the accounts at the end of January are as follows: eBook References Cash $ 21,170 Unearned Revenue (40 units)...
QUESTION 10
Consider the monthly data, including the estimates for March
2020, and the information in the articles. Which of the following
is the best analysis of and prediction for the money market in the
U.S. economy for the next few months?
a.
Shortages are causing panic buying by households, which has
increased money demand. Lenders are increasing their lending to
keep up with the needs of households and businesses. Money demand
is increasing more than money supply.
b.
Shortages...
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