The current cost of a market basket of goods is $9,000. the cost of the same basket of goods in the base year was $3,000. the current price index is:

DIP Partnership reports ordinary income (before guaranteed payments) of $120,000, rent expense of $40,000, and interest income of $4,000 for the year. In addition, DIP paid guaranteed payments to partner Percy of $20,000.

Which of these people will be eligible for a tax deduction? Select one of the options below as your answer:A. Gareth, who gets interest income from banksB. Nancy, who gets dividends from stocks and mutual fundsC.

For a closed economy, GDP is $11 trillion, consumption is $7 trillion, taxes are $2.5 trillion and the government runs a surplus of $1 trillion. What are private saving and national saving?

What are sales taxes used on?

On January 1, Year 7, Colorado Corp. purchased a machine having an estimated useful life of 8 years and no salvage value. The machine was depreciated by the double-declining-balance (DDB) method for both financial statement and income tax reporting.

A cash dividend payment to shareholders during the year should be reported on the statement of cash flows as:a. An increase in cash flows from financing activities b. An increase in cash flows from investing activities c.

What is the following scenario an example of? Tom often calls 911 from the drive-through lane of a fast food restaurant if his order comes out wrong. A. public choice theory B. utility theory C. moral hazard D. law of diminishing marginal utility

Arigold Inc. has been manufacturing its own finials for its curtain rods. The company is currently operating at 100% of capacity, and variable manufacturing overhead is charged to production at the rate of 62% of direct labor cost.

When a person is reconciling a checking account and notices that the balance in the checkbook does not match the balance on the statement from the bank, which action is it appropriate for the person to take first?

The government of Happyland collects $100 million in taxes each year and currently has a public debt of $1.2 billion, which it finances by issuing Treasury bonds that pay 8% per year.