Using the following national income accounting data, compute (a) GDP. (b) NDP, and (c) NI. All figures are in billions.CategoryCompensation of employeesU.S. exports of goods and servicesConsumption of fixed capitalGovernment purchasesTaxes on production and importsNet private domestic investmentTransfer paymentsU.S. imports of goods and servicesPersonal taxesNet foreign factor incomePersonal consumption expendituresStatistical discrepancyInstructions: Round your answers to 1 decimal place.a. GDP = $ 437.8 billionb. NDP = $426.02 billionC. NI = $ 425.6 billionBillions$ 225.218.811.859.414.452.113.916.540.52.2249.10.0

GDP (Gross domestic product) - GDP is sum total value of goods and services produced in a country.…

Answered: Using the following national income…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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1. Tsukuba Company, a VAT-registered business, had the following data during the quarter: Zero-rated export sales Domestic sales (tax included) P 1,815,000 1,232,000 Purchases of goods for export, gross of tax Purchases of goods for domestic sales, tax inclusive Purchases of supplies on domestic sales, net of tax 672,000 323,120 124,850 Assuming that the input taxes paid on purchases of goods for export are claimed as tax credit, the VAT payable by Tsukuba Company is __. A. 10,398 B. 12,895 C. 84,895 D. 177,895
The lable shows some of the hems in an economy's National Income and Product Accounts Calculate net domestic product at factor cost using the income approach What is the statistical discrepancy? Arseto 1 decimal place Amount Wage Government exper Interest, rent, and pra Consumption expend 6.0 2.0 24 74 1.6 00 Indirect as less subsidies 07 Retired prof 16 1.3 1.1 10.5 1.3 Using the income approach, nel domestic product al factor con The statistical discrepancy is Transf Personal Income GNP Depreciation
Identify each transaction by whether it belongs in the US current account or financial account: The central bank of China collects interest payments on US government securities that it had previously bought. O Financial Account O Current Account
The Lancaster Corporation's income statement is given below. Sales Cost of goods sold Gross profit Fixed charges (other than interest) Income before interest and taxes Interest Income before taxes Taxes (35%) Income after taxes LANCASTER CORPORATION a. What is the times-interest-earned ratio? Note: Round your answer to 2 decimal places. Times interest earned Fixed charge coverage times b. What would be the fixed-charge-coverage ratio? Note: Round your answer to 2 decimal places. times $ 223,000 155,000 $ 68,000 33,100 $ 34,900 13,400 $ 21,500 7,525 $ 13,975
choose true or false
The supply of U.S. dollars on foreign exchange markets is derived from the supply of U.S. goods. derived from the demand by United States for imported goods and services. determined directly by open market operations at the Federal Reserve Bank. derived from the demand for U.S. products by foreigners.
A summary of a country's economic transactions with foreign residents and govemments is called the Answer 1. current account balance. 2. capital account balance. 3. balance of trade. 4. balance of payments.
Please see attached image. In the question, the unilateral transfer is stated as a debit, but in the calculation for the answer, it is calculated as a credit(Gain). Why?
Percentage of Revenue and Net Income from Overseas Operations for 10 Well-Known Corporations. You can select TEN well know Companies operating in America involve in the exports of their products. Calculate their proportion of local and overseas revenues and also dig the income proportion from local and overseas operations as well.
To be a reportable segment, the segment profit or loss should be at least what amount?

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