When an individual has the desire or will to enter in a
conventional management career, the individual should have the skill of which
he or she should have transferable skills in which is from a wide variety of
hospitality areas as this is included with the convention management career.
Answer:
A) What is the GDP price index for 1984, using 2005 as the base year?
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the GDP price index using 2005 as base year = [($15 / $20) x 100] = 75
B) By what percentage did the price level, as measured by this index, rise between 1984 and 2005? ...percent.
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the price level increased by: [(100 - 75) / 75] x 100 = 33.33%
C) What were the amounts of real GDP in 1984 and 2005?
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In 1984, real GDP = $20 x 7,000 buckets = $140,000 or we can also use another method = ($15 x 7,000) / 0.75 = $105,000 / 0.75 = $140,000. The answer using both methods should be the same.
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In 2005, real GDP = $20 x 22,000 buckets = $440,000
Answer:
$270,000
Explanation:
The computation of the initial outlay of the project is shown below:
The initial outlay of this project = Purchase Price of the Asset + Installation Costs + Shipping cost + Investment in Working Capital
= $200,000 + $15,000 + $5,000 + $50,000
= $270,000
We simply added the purchased price, installation charges, shipping cost and the investment in working capital so that the initial outlay could come
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