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Suppose that nominal output rises from $12.5 trillion in 2005 to $13 trillion in 2006. Assume also that the GDP deflator rises from 100 to 105.
a. What is the percentage increase in nominal output?
b. What is the percentage increase in the price index?
c. How much has real output increased (in dollars)?
d. What is the percentage increase in real output?
e. By how much would the price index have had to rise for real income to remain constant?
Emma and Laine form the equal EL Partnership. Emma contributes cash of $100,000. Laine contributes property with an adjusted basis of $40,000 and a fair market value of $100,000.
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Carter Company orders 250 units at a time, and places 15 orders per year. Total ordering cost is $1,100 and total carrying cost is $1,100. Which of the following statements is true?
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The income from the business before the cost recovery deduction and the 179 deduction was 810k. She takes additional first year depreciation. Determine the cost recovery deduction with respect to the asset for 2013.
How should internal auditors help, if at all, with forensic accounting investigations?
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In 400 words describe brainstorming risk management techniques and the rationale behind selecting brainstorming risk management technique.
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