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4 years ago

9

A nation’s average annual real GDP growth rate is 3%. Based on the "rule of 72," the approximate number of years that it would t

ake for this nation’s real GDP to double is_________

1 answer:

Ksju [112]4 years ago

6 0

Answer:

24 years

Explanation:

The rule of 72 is used to determine how long it would take an investment to double.

Time = 72 / r

72 / 3= 24 years

I hope my answer helps you

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The price/sales multiple is typically only used for the valuation of firms without earnings. true false

sveta [45]

The main purpose of price/sales multiple ratio is typically only for the purpose of valuation of firms having no earnings till the date of valuation. Therefore, the given statement holds true.

<h3>What is the significance of Price/Sales ratio?</h3>

Price/Sales ratio can be referred to or considered as a ratio that is used to determine the total sales made by the company without earning any profits over their sales at a given price.

Investors use this ratio in order to valuate a firm based on the sales they have made in multiples, however without earnings, that can prove to derive good investment returns in the future.

Therefore, the aforementioned statement regarding price/sales ratio holds true.

Learn more about price/sales ratio here:

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3 0

2 years ago

Rachel's Recordings reported net income of $250,000. Beginning balances in Accounts Receivable and Accounts Payable were $18,000

pentagon [3]

Answer:

Rachel's net cash flows from operating activities would be $264,500

Explanation:

In order to calculate Rachel's net cash flows from operating activities we would have to calculate the following formula:

cash flows from operating activities=Net income+Increase in accounts payable+ decrease in accounts payable

Net income=$250,000

Increase in accounts payable=Ending balance-Beginning Balance

Increase in accounts payable=$30,000-$23,000

Increase in accounts payable=$7,000

decrease in accounts payable=Ending balance-Beginning Balance

decrease in accounts payable=$10,500-$18,000

decrease in accounts payable=$7,500

Therefore, cash flows from operating activities=$250,000+$7,000+$7,500

cash flows from operating activities=$264,500

Rachel's net cash flows from operating activities would be $264,500

8 0

3 years ago

When the average price level in the united states, relative to the average price levels in other countries, rises, this tends to

vesna_86 [32]

When the average price level rise in the USA relative the to the average price levels in other countries, American products become more expensive for those countries. Hence, there will a fall in imports level. On the other hand, countries with Lowe prices should experience a rise in the price exports because their products are more price-competitive.

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3 years ago

Which statement is true about culture and society?

TEA [102]

A. is the only appropriate answer.

5 0

3 years ago

Read 2 more answers

If the demand for a good rises by more than the supply of the good falls, then the good’s equilibrium price will __________ and

mina [271]

Answer:

Rises

Rises

Explanation:

If the demand for a good rises more than the fall in supply, both equilibrium price and quantity would increase.

Refer to the attached image for a graphical explanation.

I hope my answer helps you

3 0

3 years ago