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2 years ago

Under the rule of 70, if the GDP per capita growth rate in the United States is 2.3%, standards of living double every:

1 answer:

8 0

Under the rule of 70, if the GDP per capita growth rate in the United States is 2.3%, standards of living double every 70/2.3 = 30.43 years.

<h3>What is Gross Domestic Product (GDP)?</h3>

The term "Gross Domestic Product," or GDP, refers to the total monetary worth of all finished goods and services produced (and marketed) within a nation within a specific time period (typically 1 year).

GDP Growth Rate:

The GDP growth rate compares the most recent quarter or year to the preceding one and represents the percentage change in real GDP (GDP adjusted for inflation) from one period to the next.
A positive or negative number may be used (negative growth rate, indicating economic contraction).

GDP per capita:

By dividing nominal GDP by a nation's entire population, one can get GDP per capita.
It conveys the nation's average economic output (or income) per person.
The population figure corresponds to the year's median (or mid-year) population.

The price deflator, a statistical tool, is used to convert nominal GDP to constant prices.

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

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Utility refers to Multiple Choice the benefits or customer value received by users of the product. the fixed costs associated wi

kotykmax [81]

Answer:

A. the benefits or customer value received by users of the product.

Explanation:

Utility refers to the benefits or customer value received by users of the product. This ultimately implies that, any satisfaction or benefits a customer derives from the use of a product or service is generally referred to as a utility. These utilities can be classified into four (4) main categories and these are;

1. Time utility: this is associated with the benefit or customer value received by users of a particular product when needed or at the right time.

2. Form utility: it is the satisfaction or benefits a customer receives from the provision of alternatives or production of close substitutes.

3. Possession utility: it involves making goods and services readily available for customers to purchase or use.

4. Place utility: it involves making a good provision of outlets or shops where customers can easily find or come to when purchasing products.

4 0

3 years ago

Indicate whether the following actions would increase, decrease, or not affect Indigo Inc.'s total assets, liabilities, and stoc

Elenna [48]

Explanation:

The effects are as follows:

a. In the first option, there is No effect in any item of the financial statements

b. In the second option, there is No effect in any item of the financial statements

c. In the third option, there is No effect in any item of the financial statements

d. No impact on the assets but it increases the liabilities side and decreases the stockholder equity

The journal entry is shown below:

Retained earning A/c Dr XXXXX

To Dividend payable A/c XXXXX

(Being cash dividend declared)

When the dividend is declared, the dividend amount should be subtracted from the retained earning account.

And, since the dividend is declared that increases the balance of dividend

In addition, the dividend payable and the retained earning account have a credit balance. The increase in dividend payable account would have credit balance whereas the decrease in retained earning account has a debit balance.

e. Paying the cash dividend declared in (d)

The journal entry is shown below:

Dividend payable A/c XXXXX

To Cash A/c XXXXX

(Being the cash dividend is paid)

Since it reduces the liabilities and the asset side also but it does not have any impact on the stockholder equity

7 0

3 years ago

The new team leader is a seasoned executive recognized for her strengths in leadership and team structuring. She also has the po

horrorfan [7]

Answer:

Explanation:

There is not enough data to answer that, imo, is there a group to choose from?

She might want to choose similarly minded people who will support her fight. Yet, a team should be balanced to fill all roles. Can you give more context to this question?

7 0

3 years ago

Jennifer is the owner of a video game and entertainment software retail store. She is currently planning to retire in 30 years a

nexus9112 [7]

Answer:

A= $4,838.95 monthly

Explanation:

Giving the following information:

She is currently planning to retire in 30 years and wishes to withdraw $10,000/month for 20 years from her retirement account starting at that time.

First, we need to calculate the amount needed for retirement:

FV= 10,000*12*20= 2,400,000

Now, we can use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

Effective rate= 0.02/12= 0.0017

n= 12*30= 360

A= (2,400,000*0.0017)/[(1.0017^360)-1]

A= $4,838.95 monthly

3 0

3 years ago

Riverbed Corporation sells computers under a 2-year warranty contract that requires the corporation to replace defective parts a

Arte-miy333 [17]

Answer:

Dr Cash $891,540

Dr Warranty Expense $127,254

Cr Sales Revenue $891,540

Cr Warranty Liability $127,254

B. Current Liabilities

Warranty Liability $63,627

Long-term Debt

Warranty Liability $63,627

C. Dr Warranty Liability 61,300

Cr Inventory 21,400

Cr Salaries and Wages Payable 39,900

Explanation:

A. Preparation of the journal to Record any necessary journal entries in 2017.

Dr Cash $891,540

[ (381 × $2,340) = $891,540]

Dr Warranty Expense $127,254

Cr Sales Revenue $891,540

Cr Warranty Liability $127,254

(381 *[$142+ $192])

B. Calculation for What liability relative to these transactions would appear on the December 31, 2017,

Riverbed Corporation

Balance Sheet (Partial)

December 31, 2017

Current Liabilities

Warranty Liability $63,627

($127,254/2)

Long-term Debt

Warranty Liability $63,627

C. Preparation of the journal entry Record any necessary journal entries in 2018

Dr Warranty Liability 61,300

($21,400+$39,900)

Cr Inventory 21,400

Cr Salaries and Wages Payable 39,900

5 0

3 years ago