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1 year ago

What was the average annual economic growth rate in Singapore over the 22.00 years from 1957 to 1979

Business

1 answer:

borishaifa [10]1 year ago

4 0

The average annual economic growth rate in Singapore over the 22.00 years from 1957 to 1979 was 3.20%.

<h3>What is average annual economic growth rate (AAGR) ?</h3>

The average annualised return of a portfolio, asset, or cash flow over time is known as the average annual growth rate, or AAGR.

The basic arithmetic mean of a set of returns is used to calculate AAGR.

Calculation for average annual economic growth rate:

Real per capita GDP in Singapore in 1957 was about $400 and it doubled to about $800.00 by 1979 over the period of 22 years.

Growth rate = $(\frac{last value}{initial value} )^{\frac{1}{n} } -1$

The last value = $800

The initial value = $400

n = number of years

Growth rate = $(\frac{800}{400} )^{\frac{1}{22} } -1$

= $(2)^{\frac{1}{22} } -1$

= 1.032 - 1

= 0.032

Growth rate % = 0.032×100

= 3.2%

Therefore, the growth rate in Singapore over 22 years are 3.2%.

To know more about Gross domestic product (GDP), here

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(Predetermined OH rates; capacity measures) Albertan Electronics makes inexpensive GPS navigation devices and uses a normal cost

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c. The predetermined FOH rate using expected capacity is $12.00.

d1. The variable overhead applied is $1,375,000.

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a) Available 2010 budgeted data:

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Variable factory overhead at 150,000 machine hours 1,875,000 ($12.50)

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Practical capacity is 180,000 machine hours; expected capacity is two-thirds of practical (120,000) = $12 ($1,440,000/120,000)

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During 2010, the firm records 110,000 machine hours and $2,710,000 of overhead costs. How much variable overhead is applied? How much fixed overhead is applied using the rate found in part (b)? How much fixed overhead is applied using the rate found in part (c)? Calculate the total under- or overapplied overhead for 2010 using both fixed FOH rates.

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Variable overhead applied = $12.50 * 110,000 = $1,375,000

Fixed overhead applied with $12 * 110,000 = 1,320,000

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Underapplied overhead = ($2,710,000 -2,695,000) 15,000

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