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2 years ago

Since 1969, economic growth in has been greater than in because __.

1 answer:

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Since 1969, the economic growth in Hongkong has been greater than in the United States. Although both have been showing improvement and development when it comes to economic growth, Hongkong gave their best by devoting a bigger fraction of its resources to accumulating capital. Hongkong's production possibilities then have expanded more quickly. By 2009, the performance of Hongkong's economy has been promising for statistics states that the production possibilities of per person in the said country had reached 94 percent than in the United States. Another proof that Hongkong has been doing good is, it is considered as one of the world's leading financial centers. It boasts of its low taxation, almost free port trade and well established international financial market through its service-oriented economy. ‬

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A consumer uses goods and services to _____.

allochka39001 [22]

The answer is...

A consumer uses goods and services to satisfy economic wants.

8 0

2 years ago

Read 2 more answers

Damon Industries manufactures 20,000 components per year. The manufacturing cost of the components was determined as follows:

Shkiper50 [21]

Answer:

d. a $10,000 decrease.

Explanation:

The computation of the impact on the income is given below:

In case of making the product

= Direct material + direct labor + variable manufacturing overhead + rented

= $100,000 + $160,000 + $60,000 + $10,000

= $330,000

And, in case of buying the product

= 20,000 × $17

= $340,000

So there is a decrease of $10,000

8 0

2 years ago

Cala Manufacturing purchases a large lot on which an old building is located as part of its plans to build a new plant. The nego

Assoli18 [71]

Answer:

Land $434,696

Land improvements $108,609

Building $1,720,600

To Cash $2,263,905

(Being the amount paid in cash is recorded)

Explanation:

The journal entry is shown below:

Land $434,696

Land improvements $108,609

Building $1,720,600

To Cash $2,263,905

(Being the amount paid in cash is recorded)

The land, land improvements and the building increases the assets so it is debited while the cash is credited as the cash is paid

The computation of the land is shown below:

= Purchase price of the land + purchase price for the old building + paid amount for tear down the old building + cost to fill and level the lot

= $224,000 + $119,000 + $37,000 + $54,696

= $434,696

7 0

3 years ago

Pacific Cruise Lines is a defendant in litigation involving a swimming accident on one of its three cruise ships.Required:1. The

Ainat [17]

Answer and Explanation:

According to the scenario, the journal entries are of the given data are as follow:-

Journal Entry

1. Loss A/c Dr. $1,300,000

To Contingent liability A/c $1,300,000

(Being the likelihood of a payment occurring is probable is recorded)

For recording this we debited the loss and credited the contingent liability as it increased the loss and liability

2. Loss A/c Dr. $1,100,000

To Contingent liability A/c $1,100,000

(Being the likelihood of a payment occurring is probable is recorded)

For recording this we debited the loss and credited the contingent liability as it increased the loss and liability

3. The likelihood of payment occurring is reasonably possible instead of probable, so we don’t have a need to record this entry. But we describe this in financial statements in the foot note

No Journal Entry Needed

4. The likelihood of payment occurring is remote so disclosure is not needed.

No Journal Entry Needed

5 0

3 years ago

You are planning to save for retirement over the next 25 years. To do this, you will invest $700 per month in a stock account an

olga2289 [7]

Answer:

withdraw each month is $6,902.37

Explanation:

given data

time = 25 year

invest = $700 per month

stock amount = $300 per month

expected rate = 9% = $\frac{0.09}{12}$

bond account = 5%

return = 6%

to find out

withdraw each month from account for 20 year withdrawal period

solution

we will apply here future value formula that is

FV = $P \frac{(1+r)^t -1}{r}$ ...............1

here P is principal amount i.e $700 given and r is are and t is time

The value of the stock account at retirement will be

value of the stock account = $700 \frac{(1+\frac{0.09}{12})^{25*12} -1}{\frac{0.09}{12}}$

value of the stock account = $784,785.36

and

value of the bond account at retirement will be

value of the bond account = $300 \frac{(1+\frac{0.05}{12})^{25*12} -1}{\frac{0.05}{12}}$

value of the bond account = $178,652.91

and

so value of the two accounts combined is here

= $178,652.91+$784,785.36 = $963,438.27

monthly withdrawal from combined account is

amount = $\frac{Pv}{\frac{1- \frac{1}{(1+r)^t}}{r} }$ ...............2

amount = $\frac{963438.27}{\frac{1- \frac{1}{(1+\frac{0.06}{12})^{20*12}}}{\frac{0.06}{12}} }$

amount = $6,902.37

3 0

3 years ago

Since​ 1969, economic growth in​ ______ has been greater than in​ ______ because​ ______.

Since 1969, economic growth in has been greater than in because __.